Michigan

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Credit Union CD Rates – 4-Year – Ann Arbor, Michigan 2019

Below are four year CD Rates from credit unions in Ann Arbor, Michigan. Four Year Certificates of Deposit (CD) are not as popular as the three and five year terms which means the rates often aren’t as competitive. The best four year cd rates are often only marginally above the 3 year rates. Nevertheless, for those who want to lock in a rate for a longer period of time, 4 year cds are worth a look.

Ann Arbor, MI - December 11, 2019

4 Year CD National Average : 1.31% ?

Advertiser Disclosure
Credit UnionS APY MIN MILES ?
Dort
Restrictions
2.90% $1,000 5338.46
Safe Harbor
Restrictions
2.85% $1,000 5496.54
2.85% $1,000 5289.45
2.84% $1,000 5416.81
Lake Huron
Restrictions
2.69% $500 5368.60
Family Financial
Restrictions
2.68% $500 5483.88
2.63% $500 5491.46
Saginaw Medical
Restrictions
2.60% $500 5369.55
Credit Union One
Restrictions
2.58% $100,000 5293.39
Port City
Restrictions
2.57% $500 5460.58
Elga
Restrictions
2.55% $1,000 5336.13
Kellogg Community
Restrictions
2.55% $50,000 5377.79
Members First
Restrictions
2.51% $1,000 5388.00
Best Financial
Restrictions
2.50% $500 5457.52
Wildfire
Restrictions
2.50% $2,000 5370.62
2.50% $500 5290.68
Wings Financial
Restrictions
2.43% $100,000 5295.38
2.42% $500 5398.73
Unify Financial
Restrictions
2.40% $1,000 5311.04
Advantage One
Restrictions
2.40% $1,000 5287.13
2.40% $5,000 5303.27
Security
Restrictions
2.40% $1,000 5340.00
Wings Financial
Restrictions
2.37% $10,000 5295.38
2.36% $100,000 5363.39
2.35% $10,000 5408.63
Team One
Restrictions
2.35% $500 5366.16
Peninsula
Restrictions
2.35% $1,000 5593.55
Oakland County
Restrictions
2.32% $500 5309.93
Muskegon Co Op
Restrictions
2.30% $500 5460.62
Kellogg Community
Restrictions
2.30% $500 5377.79
Lafcu
Restrictions
2.30% $10,000 5371.99
Genisys
Restrictions
2.30% $500 5305.75
Tlc Community
Restrictions
2.30% $1,000 5311.62
Financial Plus
Restrictions
2.30% $500 5338.54
Michigan First
Restrictions
2.28% $10,000 5299.37
2.27% $2,000 5285.80
2.27% $500 5409.85
Lenco
Restrictions
2.27% $3,000 5311.23
Delta County
Restrictions
2.27% $1,000 5594.16
Cp
Restrictions
2.27% $500 5342.83
2.27% $1,000 5367.57
Case
Restrictions
2.25% $500 5364.40
Adventure
Restrictions
2.25% $500 5421.81
American 1
Restrictions
2.25% $500 5301.62
Gerber
Restrictions
2.25% $1,000 5456.71
Covantage
Restrictions
2.25% $1,000 5662.59
2.22% $500 5447.10
Wanigas
Restrictions
2.22% $500 5365.10
2.20% $500 5426.07
Credit Union One
Restrictions
2.17% $2,500 5293.39
2.10% $500 5363.39
Community Focus
Restrictions
2.10% $1,000 5288.29
United Financial
Restrictions
2.10% $500 5362.26
Astera
Restrictions
2.10% $500 5368.91
Harborlight
Restrictions
2.10% $500 5470.03
Credit Union One
Restrictions
2.07% $100,000 5293.39
Preferred
Restrictions
2.07% $10,000 5418.91
2.07% $500 5302.94
Loc
Restrictions
2.02% $500 5304.28
West Michigan
Restrictions
2.02% $500 5426.11
Great Lakes First
Restrictions
2.02% $1,000 5593.93
Embers
Restrictions
2.02% $1,000 5640.17
Filer
Restrictions
2.02% $25,000 5501.04
Family First
Restrictions
2.00% $1,000 5366.83
1.95% $50,000 5367.87
Intouch
Restrictions
1.95% $1,000 5306.77
Community West
Restrictions
1.95% $500 5416.14
Filer
Restrictions
1.92% $1,000 5501.04
Frankenmuth
Restrictions
1.90% $500 5354.29
Omni Community
Restrictions
1.90% $100,000 5377.35
Lake Trust
Restrictions
1.87% $10,000 5366.54
Ohio Catholic
Restrictions
1.85% $100,000 -
Service 1
Restrictions
1.85% $500 5458.35
1.76% $1,000 5305.94
First General
Restrictions
1.76% $500 5457.29
Muskegon
Restrictions
1.76% $500 5460.16
1.76% $500 5425.19
My Personal
Restrictions
1.75% $500 5424.98
Kalsee
Restrictions
1.75% $10,000 5392.78
Ohio Catholic
Restrictions
1.75% $25,000 -
Integra First
Restrictions
1.72% $500 5593.16
Blueox
Restrictions
1.71% $25,000 5378.89
1.70% $500 5367.87
1.68% $500 5433.81
Credit Union One
Restrictions
1.66% $2,500 5293.39
Omni Community
Restrictions
1.65% $1,000 5377.35
1.65% $500 5296.61
Advia
Restrictions
1.65% $500 5282.76
Ohio Catholic
Restrictions
1.65% $500 -
Blueox
Restrictions
1.61% $10,000 5378.89
4front
Restrictions
1.61% $100,000 5491.98
Tba
Restrictions
1.61% $500 5491.17
People Driven
Restrictions
1.60% $500 5299.45
1.56% $500 5433.85
1.51% $10,000 5313.64
Northland Area
Restrictions
1.51% $500 5380.59
Forest Area
Restrictions
1.51% $500 5471.15
Aeroquip
Restrictions
1.50% $1,000 5416.35
Aac
Restrictions
1.50% $500 5425.93
Alliance Catholic
Restrictions
1.50% $500 5297.33
Zeal
Restrictions
1.50% $1,000 5300.18
4front
Restrictions
1.46% $1,000 5491.98
Parda
Restrictions
1.41% $500 5306.28
1.36% $500 5408.59
South Central
Restrictions
1.36% $500 5343.43
Honor
Restrictions
1.30% $50 5417.61
Lake Michigan
Restrictions
1.30% $500 5428.91
Community Choice
Restrictions
1.30% $500 5304.53
United
Restrictions
1.30% $500 5428.52
Baraga County
Restrictions
1.26% $1,000 5693.55
Kent County
Restrictions
1.21% $500 5425.67
1.21% $1,000 5414.18
Meijer
Restrictions
1.20% $500 5427.66
Copoco Community
Restrictions
1.01% $5,000 5371.48
Public Service
Restrictions
1.00% $10,000 5294.90
Sunrise Family
Restrictions
1.00% $1,000 5368.39
0.90% $1,000 5371.45
0.85% $500 5370.27
0.80% $500 5422.07
0.50% $1,000 5305.03
Arbor Financial
Restrictions
0.40% $500 5399.33
0.25% $500 5736.00
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2019

Credit union certificates of deposit (“CDs”, also commonly called “time deposits�t at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties. {hyperlink: https://www.bestcashcow.com/articles/can-you-always-withdraw-your-money-early-from-a-cd-9178}

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator  {insert hyperlink} in order to understand the importance of compounding interest at higher rates on your money over time.

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