Michigan

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Credit Union CD Rates Pontiac, Michigan 2019

Below are the best one year CD Rates from credit unions in Pontiac, Michigan. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

Pontiac, MI - December 11, 2019

1 Year CD National Average : 0.91% ?

Advertiser Disclosure
Credit UnionS APY MIN MILES ?
2.53% $500 5408.59
Dort
Restrictions
2.30% $1,000 5338.46
Credit Union One
Restrictions
2.22% $100,000 5293.39
Kellogg Community
Restrictions
2.10% $500 5377.79
Elga
Restrictions
2.05% $1,000 5336.13
Members First
Restrictions
2.02% $1,000 5388.00
Port City
Restrictions
2.02% $500 5460.58
2.02% $500 5416.81
2.02% $25,000 5398.73
Muskegon Co Op
Restrictions
2.00% $500 5460.62
Safe Harbor
Restrictions
2.00% $1,000 5496.54
2.00% $500 5290.68
Unify Financial
Restrictions
1.96% $100,000 5311.04
Security
Restrictions
1.95% $500 5340.00
Lake Michigan
Restrictions
1.95% $500 5428.91
1.95% $10,000 5408.63
1.95% $100,000 5363.39
Filer
Restrictions
1.92% $25,000 5501.04
1.92% $500 5398.73
Lafcu
Restrictions
1.90% $10,000 5371.99
Tlc Community
Restrictions
1.90% $1,000 5311.62
Financial Plus
Restrictions
1.90% $500 5338.54
Genisys
Restrictions
1.90% $500 5305.75
Family Financial
Restrictions
1.87% $500 5483.88
Filer
Restrictions
1.82% $1,000 5501.04
1.80% $500 5426.07
Intouch
Restrictions
1.80% $1,000 5306.77
Saginaw Medical
Restrictions
1.80% $500 5369.55
1.77% $500 5491.46
1.76% $1,000 5367.57
1.76% $500 5447.10
Wings Financial
Restrictions
1.76% $100,000 5295.38
1.75% $1,000 5289.45
Wildfire
Restrictions
1.75% $2,000 5370.62
Adventure
Restrictions
1.75% $500 5421.81
Peninsula
Restrictions
1.75% $1,000 5593.55
American 1
Restrictions
1.75% $500 5301.62
Unify Financial
Restrictions
1.75% $1,000 5311.04
Covantage
Restrictions
1.75% $1,000 5662.59
1.75% $200 5284.21
Case
Restrictions
1.75% $500 5364.40
1.75% $2,500 5303.27
Lake Huron
Restrictions
1.71% $500 5368.60
Wings Financial
Restrictions
1.71% $10,000 5295.38
Loc
Restrictions
1.71% $500 5304.28
Astera
Restrictions
1.70% $500 5368.91
1.70% $50 5363.39
Team One
Restrictions
1.70% $500 5366.16
Saginaw Medical
Restrictions
1.67% $25 5369.55
1.66% $500 5302.94
Gerber
Restrictions
1.65% $1,000 5456.71
Harborlight
Restrictions
1.65% $500 5470.03
1.55% $500 5370.50
Lenco
Restrictions
1.51% $3,000 5311.23
Cp
Restrictions
1.51% $500 5342.83
Oakland County
Restrictions
1.51% $500 5309.93
Community Focus
Restrictions
1.50% $1,000 5288.29
Service 1
Restrictions
1.50% $500 5458.35
Dfcu Financial
Restrictions
1.50% $100,000 5291.87
Family First
Restrictions
1.50% $1,000 5366.83
Credit Union One
Restrictions
1.46% $100,000 5293.39
Wanigas
Restrictions
1.46% $500 5365.10
4front
Restrictions
1.46% $100,000 5491.98
United Financial
Restrictions
1.40% $500 5362.26
Frankenmuth
Restrictions
1.40% $500 5354.29
4front
Restrictions
1.31% $1,000 5491.98
Best Financial
Restrictions
1.30% $500 5457.52
First General
Restrictions
1.26% $500 5457.29
Ohio Catholic
Restrictions
1.25% $100,000 -
Advantage One
Restrictions
1.25% $1,000 5287.13
Community West
Restrictions
1.25% $500 5416.14
West Michigan
Restrictions
1.21% $500 5426.11
1.21% $500 5716.62
Forest Area
Restrictions
1.21% $500 5471.15
Lake Trust
Restrictions
1.19% $10,000 5366.54
Michigan First
Restrictions
1.16% $100,000 5299.37
Parda
Restrictions
1.16% $50,000 5306.28
Ohio Catholic
Restrictions
1.15% $25,000 -
1.15% $500 5367.87
Michigan First
Restrictions
1.11% $10,000 5299.37
1.10% $100,000 5313.64
Muskegon
Restrictions
1.10% $500 5460.16
Tba
Restrictions
1.10% $500 5491.17
1.10% $500 5425.19
Intouch
Restrictions
1.01% $25 5306.77
Great Lakes First
Restrictions
1.01% $1,000 5593.93
Delta County
Restrictions
1.01% $1,000 5594.16
Parda
Restrictions
1.00% $500 5306.28
1.00% $10,000 5313.64
1.00% $1,000 5639.64
Embers
Restrictions
1.00% $1,000 5640.17
Thornapple
Restrictions
1.00% $1,000 5396.43
Preferred
Restrictions
1.00% $10,000 5418.91
South Central
Restrictions
1.00% $500 5343.43
Ohio Catholic
Restrictions
1.00% $500 -
Extra
Restrictions
1.00% $500 5291.90
0.92% $500 5433.81
0.90% $2,000 5285.80
0.90% $1,000 5414.18
Soo Co-op
Restrictions
0.90% $500 5505.15
Advia
Restrictions
0.90% $500 5282.76
Alliance Catholic
Restrictions
0.90% $500 5297.33
Kalsee
Restrictions
0.90% $10,000 5392.78
Blueox
Restrictions
0.90% $10,000 5378.89
0.85% $500 5296.61
Omni Community
Restrictions
0.80% $1,000 5377.35
Credit Union One
Restrictions
0.80% $2,500 5293.39
0.80% $1,000 5305.94
Teachers
Restrictions
0.79% $1,000 5407.57
Chippewa County
Restrictions
0.75% $1,000 5505.57
0.75% $500 5409.85
People Driven
Restrictions
0.75% $500 5299.45
Aac
Restrictions
0.75% $500 5425.93
0.75% $1,000 5594.17
Limestone
Restrictions
0.75% $1,000 5566.02
Zeal
Restrictions
0.70% $1,000 5300.18
Northland Area
Restrictions
0.65% $50,000 5380.59
Tahquamenon Area
Restrictions
0.65% $100 5542.70
Trunorth
Restrictions
0.65% $500 5649.23
Northland Area
Restrictions
0.60% $500 5380.59
0.60% $1,000 5371.45
Baraga County
Restrictions
0.55% $1,000 5693.55
Public Service
Restrictions
0.55% $10,000 5294.90
Meijer
Restrictions
0.55% $500 5427.66
Honor
Restrictions
0.55% $50 5417.61
Aeroquip
Restrictions
0.50% $1,000 5416.35
Community Choice
Restrictions
0.50% $500 5304.53
Dfcu Financial
Restrictions
0.50% $1,000 5291.87
United
Restrictions
0.50% $500 5428.52
Integra First
Restrictions
0.46% $500 5593.16
Tri-county
Restrictions
0.45% $10,000 5592.78
Sunrise Family
Restrictions
0.45% $1,000 5368.39
0.41% $500 5370.27
My Personal
Restrictions
0.40% $500 5424.98
Kent County
Restrictions
0.40% $500 5425.67
Copoco Community
Restrictions
0.35% $500 5371.48
0.35% $500 5433.85
Consumers
Restrictions
0.35% $25,000 5399.21
0.35% $1,000 5640.24
Consumers
Restrictions
0.30% $1,000 5399.21
Awakon
Restrictions
0.30% $1,000 5454.55
0.30% $500 5711.96
0.30% $500 5422.07
0.25% $500 5736.00
0.15% $1,000 5305.03
Arbor Financial
Restrictions
0.15% $500 5399.33
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 One-Year Certificates of Deposit 2019

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” 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 (in the case of 1-year CDs, the period is obviously 1-year), 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, and many that do maintain the right to deny it in their terms and conditions. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union.

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 1-year 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 time deposit is 3 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 next 12 months (or the period of your time deposit or CD). The premium in a one-year CD is very small, however, 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 in order to understand the importance of compounding interest at higher rates on your money over time.

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