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You are viewing rates from credit unions across Michigan
Below are the best one year CD Rates from credit unions in 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.
MI - December 11, 2024
1 Year CD National Average : 0.55% ?
Credit Unions | APY | MIN | MILES ? | |
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5.40% 1.66%1.56% |
$500 $250,000$10,000 |
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4.75% |
$500 |
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Rate History: 5.15% → 4.75% |
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4.50% 4.25% |
$100,000 $50 |
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4.35% |
$500 |
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Rate History: 4.50% → 4.30% → 4.20% → 4.40% → 4.35% |
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4.00% |
$1,000 |
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4.00% |
$500 |
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4.00% |
$1,000 |
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3.95% 3.85% |
$50,000 $500 |
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3.64% 3.59% |
$100,000 $500 |
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Rate History: 3.96% → 3.93% → 3.64% |
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3.60% |
$500 |
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Rate History: 5.15% → 3.60% |
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3.50% 3.35%3.25% |
$100,000 $25,000$1,000 |
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Melvin Markwardt | Oct 7, 2023 Have a problem that ICan not find an answer to in DFCU Financial. Trying to change info from USMail to Internet. They ask for my account number and the only thing I can find is onPurshing note. It is, H25... Read More |
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2.75% |
$500 |
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2.40% 2.25%2.10% |
$100,000 $40,000$1,000 |
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dapatton@pacbell.net | May 12, 2016 19 what, years or months Read More |
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2.27% |
$500 |
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1.36% |
$500 |
- |
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1.01% |
$10,000 |
- |
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1.00% |
$100,000 |
- |
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|
Mymomo05 | Jan 23, 2019 This place is absolutely not for their members like they claim. They charge astronomical interest rates and put you on a balloon if you have less than perfect credit. Not to mention, the little fact that... Read More |
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1.00% |
$100,000 |
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0.95% |
$100,000 |
- |
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0.95% |
$100,000 |
- |
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0.90% |
$10,000 |
- |
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|
0.85% |
$100,000 |
- |
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0.85% |
$10,000 |
- |
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0.80% |
$100,000 |
- |
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0.80% |
$100,000 |
- |
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0.80% |
$100,000 |
- |
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0.80% |
$10,000 |
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0.80% |
$100,000 |
- |
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|
0.80% |
$100,000 |
- |
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0.80% |
$10,000 |
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0.80% |
$100,000 |
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0.80% |
$10,000 |
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0.76% |
$500 |
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|
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0.75% |
$100,000 |
- |
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0.75% |
$100,000 |
- |
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|
0.75% |
$10,000 |
- |
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0.75% |
$10,000 |
- |
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|
0.75% |
$10,000 |
- |
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0.75% |
$100,000 |
- |
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0.75% |
$10,000 |
- |
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0.75% |
$10,000 |
- |
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|
|
0.75% |
$100,000 |
- |
Learn More
|
Betha | Oct 18, 2021 Disappointed with a car loan I got there. I asked if there was a penalty for prepayment and the loan officer assured me there wasn’t. He didn’t tell me that I was getting a pre-calculated loan ( Rule o... Read More |
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0.75% |
$10,000 |
- |
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0.75% |
$10,000 |
- |
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|
0.75% |
$100,000 |
- |
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|
0.70% |
$10,000 |
- |
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|
0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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|
0.70% |
$10,000 |
- |
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|
0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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|
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0.70% |
$100,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.65% |
$10,000 |
- |
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0.65% |
$100,000 |
- |
Learn More
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|
0.65% |
$10,000 |
- |
Learn More
|
Mymomo05 | Jan 23, 2019 This place is absolutely not for their members like they claim. They charge astronomical interest rates and put you on a balloon if you have less than perfect credit. Not to mention, the little fact that... Read More |
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0.65% |
$10,000 |
- |
Learn More
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0.65% |
$100,000 |
- |
Learn More
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0.65% |
$10,000 |
- |
Learn More
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0.65% |
$10,000 |
- |
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0.65% |
$10,000 |
- |
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0.65% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$1,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$100,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$100,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.55% |
$10,000 |
- |
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0.55% |
$100,000 |
- |
Learn More
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0.55% |
$100,000 |
- |
Learn More
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0.55% |
$10,000 |
- |
Learn More
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0.55% |
$10,000 |
- |
Learn More
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|
|
0.55% |
$10,000 |
- |
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0.55% |
$10,000 |
- |
Learn More
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|
0.55% |
$10,000 |
- |
Learn More
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|
0.55% |
$100,000 |
- |
Learn More
|
Renee G | Mar 3, 2021 I have had a few on line issues over the past 2 days one gets corrected to have another creep up. I have talked to Nicole lots of times over the past few years, Tiffany yesterday and Yvette today. All 3 ... Read More |
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0.55% |
$10,000 |
- |
Learn More
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|
0.55% |
$100,000 |
- |
Learn More
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|
0.55% |
$10,000 |
- |
Learn More
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|
0.55% |
$10,000 |
- |
Learn More
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|
0.55% |
$10,000 |
- |
Learn More
|
Betha | Oct 18, 2021 Disappointed with a car loan I got there. I asked if there was a penalty for prepayment and the loan officer assured me there wasn’t. He didn’t tell me that I was getting a pre-calculated loan ( Rule o... Read More |
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0.55% |
$10,000 |
- |
Learn More
|
|
0.55% |
$10,000 |
- |
Learn More
|
Deborah y | Jun 9, 2019 Vacation funds for Read More |
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0.55% |
$100,000 |
- |
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$500 |
- |
Learn More
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|
0.50% |
$10,000 |
- |
Learn More
|
|
0.50% |
$1,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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|
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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|
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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|
0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
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0.50% |
$10,000 |
- |
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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|
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0.50% |
$10,000 |
- |
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|
0.50% |
$10,000 |
- |
Learn More
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|
0.50% |
$10,000 |
- |
Learn More
|
Renee G | Mar 3, 2021 I have had a few on line issues over the past 2 days one gets corrected to have another creep up. I have talked to Nicole lots of times over the past few years, Tiffany yesterday and Yvette today. All 3 ... Read More |
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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|
0.50% |
$10,000 |
- |
Learn More
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gdellcdell@aol.com | Jul 3, 2021 Question, what is the suffix I use when making a deposit? Is it 03? Read More |
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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|
0.50% |
$10,000 |
- |
Learn More
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|
0.50% |
$10,000 |
- |
Learn More
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|
0.50% |
$10,000 |
- |
Learn More
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Roger | Aug 6, 2019 These people are crooks. They make up ways to steal your money through fees. They will short you on your interest. Beware! Read More |
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0.46% |
$500 |
- |
Learn More
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0.45% |
$10,000 |
- |
Learn More
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0.45% |
$10,000 |
- |
Learn More
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0.45% |
$10,000 |
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Learn More
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0.45% |
$100,000 |
- |
Learn More
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0.45% |
$100,000 |
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Learn More
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0.41% |
$10,000 |
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0.40% |
$10,000 |
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0.40% |
$10,000 |
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0.40% |
$10,000 |
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Learn More
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0.40% |
$10,000 |
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Learn More
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$10,000 |
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Learn More
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0.40% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$100,000 |
- |
Learn More
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0.35% |
$100,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$100,000 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$10,000 |
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0.30% |
$10,000 |
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0.30% |
$10,000 |
- |
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0.30% |
$10,000 |
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|
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0.30% |
$10,000 |
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$500 |
- |
Learn More
|
Slynyrd | Nov 11, 2022 It would be great to hear back from someone regarding my bump-up rate currently available, BEFORE 18 days has passed. Still waiting. Read More |
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0.25% |
$10,000 |
- |
Learn More
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|
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0.25% |
$10,000 |
- |
Learn More
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|
0.25% |
$10,000 |
- |
Learn More
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|
0.21% |
$100,000 |
- |
Learn More
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0.21% |
$10,000 |
- |
Learn More
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|
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0.20% |
$10,000 |
- |
Learn More
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|
0.20% |
$10,000 |
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Learn More
|
justjan711 | Dec 9, 2018 I have been a member of this credit union for more than 40 years. Over time it has had many changes but the worst one they did was to hire the man that is the manager of the Cranston Road Branch. He is c... Read More |
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0.18% |
$10,000 |
- |
Learn More
|
|
0.15% |
$1,000 |
- |
Learn More
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|
0.15% |
$10,000 |
- |
Learn More
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|
0.15% |
$10,000 |
- |
Learn More
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0.10% |
$500 |
- |
Learn More
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0.10% |
$10,000 |
- |
Learn More
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|
0.05% |
$500 |
- |
Learn More
|
Akoetje | Jan 24, 2020 It is not available online. Simply call the main branch at 616.784.4822 and they will send one in the mail or over email. Cutoff time for domestic wire is 4pm and international is 11am. Flat $25 fee Read More |
BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
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.
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.
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.
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.
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.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
Use or Change these Amounts And Rates