Michigan

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Michigan Savings Rates

You are viewing savings rates from banks across Michigan

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

MI - August 1, 2025

Savings Account National Average Rate: 0.45% ?

Banks APY MIN

Last change: ↑ 4.05% on April 28.

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

Online Savings Account. Account is indicated as not currently available to new customers, but bank accepts new customers who sign up to be notified after 1-2 weeks.
Last change: ↓0.15% on March 12.
Rate History: 5.15% → 5.00% → 4.85% → 4.75% → 4.60%

| Oct 29, 2024

Agree with the prior review even though it is 10 years old. It is shady and it doesn't show up on other sites. However, they did pay me 5.30% and although it is recently lowered to 5.15% it is still the b... Read More

Last change: ↓ 0.15% on February 3.

| Jan 22, 2025

It wasn't all smooth. I needed to call, long wait times. In the end, I felt like the beta customer which isn't how you want to feel with a bank. Read More

Rate requires download of bank app and recording of over 12,500 average daily steps (or 10,000 if over age of 65).
Last change: ↓0.20% on February 3.
Rate History: 4.75% → 5.00% → 4.90% → 4.75% → 4.55%

| Oct 11, 2022

Glad to have found this one and thanks to bestcashcow for not hiding the best rates like bankrate does Read More

New money only. Requires Direct Deposit. Account carries a $15 monthly service charge.
Rate History: 5.34% → 4.72% → 4.46%

| Mar 2, 2024

Attracted to the name, but the service had too many steps so I didn't open an account. Read More

Last change: ↓ 0.10% on May 3.

Rate History: 4.75% → 4.35% → 4.54% → 4.44%

| Jan 28, 2025

4.75% is an introductory rate and they are not openly clear about that. Don't expect 4.75% to continue. They are otherwise competitive. Read More

Direct Money Market Account.
Rate History: 4.86% → 4.67% → 4.51% → 4.47% → 4.41%

| Mar 21, 2023

Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More

Promotional rate for 3 months up to $11,000. Requires $25,000 in new deposits within 10 days of registration. After 3 month promotional period, rate reverts to between 0.03% and 0.12%.
Rate History: 5.00% → 4.75% → 5.00% → 4.50% → 4.35%

| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

Surge Money Market. Bank reports that this rate is available for new accounts only. External transfers are limited to $5,000/day and are not free.
Rate History: 4.85% → 4.70% → 4.50% → 4.40% → 4.35%

| May 30, 2023

They really do pay this amount, but the account lacks any functionality and they are constantly looking for some sort of add-on fee to enable them to claw back the interest. Any bank with a higher rate an... Read More

High Yield Money Market. External transfers are limited to $30,000 per week.
Rate History: 4.80% → 4.65% → 4.52% → 4.37% → 4.32%

| Sep 30, 2023

CFG overs very competitive Interest rates on their High Yield Savings account. I did everything ONLINE and have not had any issues with their service. Read More

Cornerstone Money Market Account. Bank reports that this account is available to new customers only. Old account holders in the savings product are earning 1.10%.
Rate History: 4.56% → 4.46% → 4.41% → 4.36% → 4.31%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Performance Savings
Last change: ↓0.10% on January 18.
Rate History: 5.15% → 5.05% → 4.75% → 4.40% → 4.30%

| Mar 20, 2025

A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More

Bank was bailed out by Steven Mnuchin in March 2024 but may still fail. External transfers take at least 3 business days and are limited to $50,000/day and $200,000/month.
Last change: ↓0.10% on June 21.
Rate History: 4.65% → 4.55% → 4.45% → 4.40% → 4.30%

| Apr 20, 2024

Even staying well within FDIC limits, the frustration isn't worth your time! Dopey bank trying desperately to avoid govt closure. Read More

Last change: ↓ 0.05% on August 7, 2024.

Rate History: 4.35% → 4.30%

| Jun 30, 2020

I can easily imagine the pain and the trouble Karen went through. I tried and open accounts, too, but when I asked questions on the phone, the customer service person was not very knowledgeable, kind, or p... Read More

External outbound transfers are limited to $25,000 per day.
Last change: ↓0.10% on April 18.
Rate History: 5.00% → 4.90% → 4.50% → 4.40% → 4.30%

| Aug 26, 2022

Too slow to raise rates. Read More

High-Yield Savings Account. Outbound transfers limited to $10,000/day or less.
Last change: ↓0.05% on July 13.
Rate History: 4.50% → 4.40% → 4.35% → 4.30% → 4.25%

| Jul 4, 2025

Bread's current 6-month CD is 4.45%, not 4.35%. Read More

Rate History: 4.50% → 4.25%

| Oct 18, 2016

IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More

Online Savings Account
Last change: ↓0.15% on May 24.
Rate History: 4.90% → 4.75% → 4.50% → 4.40% → 4.25%

| Nov 18, 2023

bank delayed 1-2days to credit into your account, pay less interest. Read More

Quontic Money Market Account.
Rate History: 4.00% → 4.75% → 4.50% → 4.25% → 4.25%

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More

Rate History: 4.50% → 4.40% → 4.25% → 4.00% → 4.25%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Online Savings Account.
Last change: ↓0.35% on December 18, 2024.
Rate History: 5.00% → 5.30% → 5.00% → 4.60% → 4.25%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More

Growth Savings
Last change: ↓0.35% on January 8.
Rate History: 5.15% → 5.30% → 5.00% → 4.60% → 4.25%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More

Last change: ↓ 0.20% on February 17.

Rate History: 4.45% → 4.45% → 4.25%

| Jul 1, 2022

not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More

Money Market Account. Bank does not offer ACH processing; customers need to initiate ACH externally.
Rate History: 5.00% → 4.75% → 4.50% → 4.25%

| Dec 12, 2022

Developed buyers remorse after they stopped raising the rate and switched to Brilliant. Read More

LevelUp Savings Account. Requires direct deposit of at least $250/month. Bank's standard online savings rate is 3.40% APY.
Last change: ↓0.20% on July 15.
Rate History: 5.00% → 4.75% → 4.50% → 4.40% → 4.20%

| Nov 12, 2022

I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More

Last change: ↓ 0.15% on April 18.

Rate History: 4.65% → 4.65% → 4.50% → 4.35% → 4.20%

| Apr 20, 2024

Save your tears for another day. Very frustrating. 1-star. Read More

Last change: ↓ 0.30% on March 12.

Rate History: 5.25% → 5.05% → 4.80% → 4.50% → 4.20%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Jenius Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, an... Read More

Online Savings Account.
Last change: ↓0.15% on July 21.
Rate History: 4.75% → 4.70% → 4.35% → 4.20%

| Apr 7, 2023

Good luck deploying those high yield savings into profitable investments. It’s always a bad strategy … unbridled growth using volatile deposits forcing them to go out on the risk spectrum to make a dec... Read More

High Yield Savings Account.
Last change: ↓0.11% on July 15.
Rate History: 5.02% → 4.52% → 4.37% → 4.26% → 4.15%

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner Read More

Rate History: 4.00% → 2.51% → 5.25% → 5.00%

| Jul 1, 2022

Very easy opening process and wonderful staff. Read More

Rate History: 4.90% → 4.75% → 4.55% → 4.20% → 4.10%

| Feb 15, 2024

I have always had great experiences with short-term CDs from this bank. No delays. Read More

Last change: ↓ 0.30% on December 9, 2024.

Rate History: 4.50% → 4.00% → 3.45% → 4.40% → 4.10%

| Jan 18, 2024

Hi, We've noticed your website is at risk due to spammy comments and contact form submissions, making it susceptible to issues like spammy backlinks and data breaches. Don't worry—there's a simple sol... Read More

Direct Savings. Bank reports that this rate is available for new accounts only.
Last change: ↓0.05% on April 4.
Rate History: 4.40% → 4.30% → 4.20% → 4.10% → 4.05%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Personal Savings Account.
Last change: ↓0.10% on June 24.
Rate History: 4.50% → 4.15% → 4.05%

| May 6, 2023

Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. Read More

Rate History: 4.65% → 4.75% → 4.25% → 4.05%

| Apr 25, 2022

We would not be having all this trouble with people sealing money out of other people's bank accounts if we were to just stop using fancy banking like onlinebanki Read More

Jumbo Savings.
Last change: ↓0.10% on April 18.
Rate History: 4.60% → 4.50% → 4.25% → 4.15% → 4.05%

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More

CIBC Agility Savings Account.
Last change: ↓0.09% on July 15.
Rate History: 4.38% → 4.28% → 4.21% → 4.11% → 4.02%

| Jul 23, 2023

easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries. Read More

Bank reports that this rate is for new customers only. Bank also charges ACH transfer fees and routinely lowers rates for existing customers below those advertised.
Last change: ↓0.24% on January 18.
Rate History: 5.01% → 4.41% → 4.50% → 4.25% → 4.01%

| Dec 8, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

UFB High Yield Savings. Bank reports that this rate is for new customers only.
Rate History: 4.83% → 4.57% → 4.31% → 4.01% → 4.01%

| Jul 18, 2023

I got into this one back in early April for the rate. It was the first to hit 5%. I put up with all sorts of annoying thing getting the account funded (including a 5-day wait period during which they had... Read More

Last change: ↓ 0.25% on January 18.

Rate History: 5.00% → 4.85% → 4.25% → 4.00%

| Jun 13, 2023

I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games w... Read More

eMoneyMarket Special. Bank reports that rate is extended for new money only.
Rate History: 5.25% → 4.75% → 4.50% → 4.25% → 4.00%

| Dec 22, 2018

I know VirtualBank has monitored these comments in the past and answered here. This is important because they do not respond to questions submitted through the website. I am trying to find out the pena... Read More

Platinum Savings. Bank reports that this rate is available for new accounts only.
Last change: ↓0.10% on July 7.
Rate History: 4.55% → 4.35% → 4.30% → 4.10% → 4.00%

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

Money Market Premier. Bank reports that this rate is for new customers only.
Rate History: 4.85% → 4.75% → 4.50% → 4.25% → 4.00%

| Jul 6, 2023

This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is ... Read More

Last change: ↓ 0.10% on January 2.

Rate History: 4.50% → 4.25% → 4.10% → 4.00%

| Jan 10, 2024

Account was frozen (over 400K) after they confused our account with another account / person whose name was not even very similar. We were treated like dirt after 12 years and "Guilty until Innocent". I ha... Read More

Performance Money Market
Rate History: 4.30% → 4.20% → 4.30% → 4.00%

| Mar 20, 2025

A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More

Rate History: 1.35% → 5.25% → 4.75% → 4.50% → 4.00%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Rate History: 3.98% → 3.96%

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More

Last change: ↓ 0.10% on April 4.

Rate History: 4.20% → 4.10% → 4.25% → 4.00% → 3.90%

| May 2, 2022

Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... Read More

Rate History: 4.75% → 3.90%

Rate History: 4.45% → 4.20% → 4.00% → 3.90%

| Mar 14, 2018

Poor service. Condescending attitude. Savings application denied without giving reason (Equifax file had a freeze because of hacking history) and not advising customer of need to unfreeze credit file for a... Read More

Last change: ↓ 0.20% on February 6.

Rate History: 4.00% → 4.25% → 4.10% → 3.90%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Rate History: 4.20% → 4.10% → 4.10% → 3.90% → 3.85%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Online Savings
Last change: ↓0.15% on January 4.
Rate History: 4.25% → 4.50% → 4.25% → 4.00% → 3.85%

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More

Last change: ↑ 1.81% on February 4.

| Mar 2, 2024

Attracted to the name, but the service had too many steps so I didn't open an account. Read More

Last change: ↓ 0.21% on March 24.

Rate History: 4.28% → 4.60% → 4.01% → 3.80%

| Jun 12, 2022

I have a small question Read More

Last change: ↓ 0.20% on January 25.

Rate History: 4.30% → 4.30% → 4.20% → 4.00% → 3.80%

| May 17, 2022

Not what it seems. Avoid! Read More

External transfers may take up to 3 business days and may be limited to $25,000/day.
Last change: ↓0.20% on June 4.
Rate History: 4.50% → 4.30% → 4.10% → 4.00% → 3.80%

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

High-Yield Savings Account.
Last change: ↓0.20% on February 24.
Rate History: 4.80% → 4.50% → 4.15% → 4.00% → 3.80%

| May 8, 2023

STAY BELOW FDIC limits. This is a desperate product unleashed from a distressed bank! Read More

MySavings Account.
Last change: ↓0.35% on May 19.
Rate History: 4.35% → 4.10% → 3.75%

| Apr 25, 2023

with all of these online bank, including the well known ones, delaying transfers forever in order to fund these high rates, this one still executes inbound and outbound transfers immediately. Read More

Online transfers limited to $1,500 per day and $10,000 per month.
Last change: ↓1.00% on December 19, 2024.
Rate History: 4.75% → 4.00% → 4.80% → 4.75% → 3.75%

| Sep 18, 2023

I agree with another user, this bank is very poorly put together, and may very well be an operation in large part used to extract and sell people's personal information. I called customer service and had ... Read More

Rate History: 4.50% → 4.15% → 3.90% → 3.70%

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.00% → 3.70%

| May 19, 2018

Experience Read More

Last change: ↓ 0.10% on May 29.

Rate History: 4.25% → 4.10% → 3.90% → 3.75% → 3.65%

| Feb 15, 2024

best bank on the list but no longer the most competitive Read More

Rate History: 3.76% → 3.77% → 3.77% → 3.61%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer. Read More

Last change: ↓ 0.10% on May 16.

Rate History: 4.00% → 3.90% → 3.75% → 3.70% → 3.60%

| Jan 10, 2024

AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More

Rate History: 4.10% → 4.00% → 3.90% → 3.80% → 3.60%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Last change: ↓ 0.10% on April 25.

Rate History: 4.30% → 4.10% → 4.00% → 3.70% → 3.60%

| Jun 10, 2024

I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More

Rate History: 1.50% → 3.56%

| Jul 28, 2020

Dropped rates again with restrictive transfer limits and poor service. Better rates and liquidity elsewhere. Beware!!! Read More

360 Performance Savings Account. Rate available for new account holders only.
Last change: ↓0.10% on July 2.
Rate History: 3.90% → 3.80% → 3.70% → 3.60% → 3.50%

| Mar 15, 2023

Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. ... Read More

Last change: ↓ 0.10% on July 23.

Rate History: 4.00% → 3.80% → 3.70% → 3.60% → 3.50%

| Aug 31, 2022

never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here. Read More

Online Money Market Account. Ally's Online Savings account rate is only 3.75% APY.
Rate History: 3.80% → 3.70% → 3.60% → 3.60% → 3.50%

| Aug 13, 2023

Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More

Last change: ↓ 0.20% on July 30.

Rate History: 4.15% → 3.70% → 3.50%

| Nov 18, 2023

bad bank hold your deposit over months without credit in your account, no interest, they don’t want pay you interest , they want your money with 0% interest. Read More

Not available to residents of states with PNC branch locations.
Rate History: 4.65% → 3.50% → 3.50%

| Jun 29, 2023

$10K monthly transfer limit. No thanks Read More

Rate History: 3.25% → 3.50%

| Oct 16, 2020

HAVE BEEN CALLING YOUR MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR RETURN MY PHONE CALLS. WHAT IS HAPPEN? PLEASE ADVISE. THANK YOU, Read More

Rate History: 4.10% → 3.50%

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

Last change: ↓ 0.25% on May 16.

Rate History: 4.25% → 4.25% → 3.90% → 3.60% → 3.35%

| Mar 14, 2018

Poor service. Condescending attitude. Savings application denied without giving reason (Equifax file had a freeze because of hacking history) and not advising customer of need to unfreeze credit file for a... Read More

| Mar 10, 2021

Northpointe -- my most favorite bank -- held their rate when others dropped -- nice people to deal with -- and -- COURAGE + INTEGRITY. Read More

Rate History: 3.75% → 3.25%

Rate History: 1.00% → 3.00%

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.25% → 3.75% → 3.35% → 3.00%

2.60%

$250

Learn More

Rate History: 2.50% → 3.00% → 2.53%

| May 21, 2021

avoid this Read More

| Nov 12, 2023

Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More

| Jun 1, 2021

Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best. Read More

Rate History: 0.15% → 2.53%

| Jul 7, 2022

Insbank 1 yr is 1.5 % 18month is 1.6% 7-7-2022 Read More

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Rate History: 3.00% → 2.75% → 2.50% → 2.40%

| Oct 12, 2022

Service has always been satisfactory. They have my complete trust and endorsement. Great bank in my opinion. Read More

Rate History: 3.14% → 2.78% → 2.59% → 2.58% → 2.38%

Last change: ↓ 0.35% on October 11, 2024.

Rate History: 2.60% → 2.25%

| Jun 26, 2022

ACH transfers are not allowed. Called and was told that I had to set up wire transfers (and pay fees) or I could come in to the bank and get a bank check. Read More

Last change: ↓ 0.25% on April 9.

Rate History: 2.75% → 2.50% → 2.25%

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

Rate History: 1.00% → 1.50% → 1.24% → 1.20%

| Oct 12, 2022

Service has always been satisfactory. They have my complete trust and endorsement. Great bank in my opinion. Read More

Last change: ↑ 0.09% on February 13, 2023.

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Rate History: 1.50% → 1.45% → 1.10%

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

Rate History: 1.01% → 1.02% → 1.01%

| Feb 6, 2023

after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More

Rate History: 1.15% → 1.10% → 1.06% → 0.95% → 0.90%

| May 26, 2017

Before009 Read More

Last change: ↓ 0.01% on July 28.

Rate History: 1.00% → 0.81% → 0.80%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer. Read More

Rate History: 1.10% → 1.00% → 0.91% → 0.90% → 0.80%

Last change: ↓ 0.66% on May 16.

Rate History: 1.60% → 1.50% → 1.45% → 0.79%

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

Last change: ↑ 0.25% on August 5, 2024.

Inbound transfers limited to $25,000/day and $100,000/month.

| Aug 28, 2022

Rates are totally uncompetitive now. Read More

0.35%

$2,500

Learn More

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines... Read More

| Oct 16, 2020

HAVE BEEN CALLING YOUR MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR RETURN MY PHONE CALLS. WHAT IS HAPPEN? PLEASE ADVISE. THANK YOU, Read More

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner Read More

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

Rate History: 4.25% → 4.16% → 4.25% → 3.75% → 0.25%

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

0.25%

$2,500

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0.25%

$25,000

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0.25%

$25,000

Learn More

0.20%

$0

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0.20%

$25,000

Learn More

0.20%

$25,000

Learn More

| Jan 6, 2020

Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they woul... Read More

0.20%

$2,500

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0.20%

$10,000

Learn More

0.20%

$2,500

Learn More

0.20%

$25,000

Learn More

0.20%

$2,500

Learn More

Last change: ↓ 0.10% on December 6, 2024.

Rate History: 0.48% → 0.25% → 0.15%

| Feb 12, 2020

WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVSE. Read More

Last change: ↓ 0.30% on June 30, 2023.

| Apr 30, 2019

No issues. I feel confident using them. Read More

0.15%

$10,000

Learn More

0.15%

$2,500

Learn More

0.15%

$1,000

Learn More

0.15%

$1,000

Learn More

0.15%

$5,000

Learn More

0.15%

$25,000

Learn More

| Jan 6, 2020

Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they woul... Read More

0.15%

$2,500

Learn More

0.15%

$2,500

Learn More

0.15%

$25,000

Learn More

0.15%

$10,000

Learn More

0.15%

$25,000

Learn More

0.15%

$2,500

Learn More

0.15%

$2,500

Learn More

0.15%

$2,500

Learn More

0.15%

$25,000

Learn More

0.15%

$2,500

Learn More

0.15%

$25,000

Learn More

0.15%

$25,000

Learn More

0.15%

$2,500

Learn More

0.15%

$25,000

Learn More

0.15%

$2,500

Learn More

| Feb 1, 2023

Absolutely most horrible experience in my life I opened a large CD when I was living in Dearborn and let the interest accrue for about 6 years I knew how much the interest rate was and how much was in the ... Read More

Rate not available in all states.

| May 21, 2018

I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More

0.13%

$2,500

Learn More

Last change: ↓ 0.05% on September 22, 2024.

Rate History: 0.25% → 0.20% → 0.15% → 0.10%

| May 26, 2017

Before009 Read More

Last change: ↑ 0.07% on March 26, 2024.

Rate History: 0.03% → 0.10%

| Apr 30, 2019

No issues. I feel confident using them. Read More

Last change: ↑ 0.10% on May 11, 2023.

Last change: ↓ 0.90% on June 13, 2024.

| May 21, 2021

avoid this Read More

| Jan 6, 2020

Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they woul... Read More

0.10%

$1

Learn More

0.10%

$1

Learn More

0.10%

$25,000

Learn More

0.10%

$1

Learn More

0.10%

$25,000

Learn More

0.10%

$1

Learn More

0.10%

$2,500

Learn More

0.10%

$10,000

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$10,000

Learn More

0.10%

$2,500

Learn More

0.10%

$25,000

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$10,000

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

| Jul 3, 2023

My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$10,000

Learn More

0.10%

$25,000

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$10,000

Learn More

0.10%

$10,000

Learn More

| Feb 1, 2023

Absolutely most horrible experience in my life I opened a large CD when I was living in Dearborn and let the interest accrue for about 6 years I knew how much the interest rate was and how much was in the ... Read More

0.08%

$2,500

Learn More

0.07%

$25,000

Learn More

0.05%

$10,000

Learn More

0.05%

$1

Learn More

0.05%

$100

Learn More

0.05%

$25,000

Learn More

0.05%

$100

Learn More

0.05%

$10

Learn More

0.05%

$2,500

Learn More

0.05%

$1

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$10,000

Learn More

| Jun 14, 2022

Compliance officer possibly the rudest person ive every spoken with. Polices changing constantly. One week they do what you need the next week they wont. Complete mess. Not the old Thumb National rude and ... Read More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

| Jul 18, 2021

I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

| Jul 3, 2023

My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

| Sep 6, 2022

DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More

0.04%

$25,000

Learn More

0.03%

$1

Learn More

| Jul 17, 2020

Terrible experience trying to get a mortgage. I’ve got great credit, have gotten literally dozens of mortgages over the past 40 years. I completed an online application, waited a week and never heard a... Read More

0.03%

$2,500

Learn More

| Jul 18, 2021

I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More

0.03%

$2,500

Learn More

| Oct 13, 2021

Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More

| Oct 18, 2016

IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More

Rate History: 1.00% → 0.05% → 0.02%

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

0.02%

$50

Learn More

0.02%

$25,000

Learn More

0.02%

$2,500

Learn More

0.02%

$2,500

Learn More

0.02%

$2,500

Learn More

0.02%

$2,500

Learn More

0.02%

$2,500

Learn More

0.02%

$2,500

Learn More

| Sep 6, 2022

DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More

Rate History: 0.03% → 0.01%

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

| Oct 18, 2016

IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More

0.01%

$1

Learn More

0.01%

$1

Learn More

0.01%

$2,500

Learn More

0.01%

$2,500

Learn More

| Jul 17, 2020

Terrible experience trying to get a mortgage. I’ve got great credit, have gotten literally dozens of mortgages over the past 40 years. I completed an online application, waited a week and never heard a... Read More

0.01%

$2,500

Learn More

| Jul 18, 2021

I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More

0.01%

$2,500

Learn More

0.01%

$2,500

Learn More
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


Branches Info across Michigan


Branch Street City State
Comerica Bank
Campau Square Branch
99 Monroe Avenue Nw Grand Rapids MI
Horizon Bank
Summit Community Bank Branch
2151 West Grand River Okemos MI
Citizens
Brighton / Kroger Branch
9968 East Grand River Brighton MI
First National Bank of America
Grandville Branch
4660 Kalamazoo Grand Rapids MI
Northpointe Bank
Northpointe Bank Branch
3333 Deposit Drive Ne Grand Rapids MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
Citizens
Brighton / Kroger Branch
9968 East Grand River Brighton MI
Citizens
Brighton / Kroger Branch
9968 East Grand River Brighton MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
Wells Fargo Bank, National Association
Stephenson Branch
S938 U.S. 41 Stephenson MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
Northpointe Bank
Northpointe Bank Branch
3333 Deposit Drive Ne Grand Rapids MI
Liberty Bank and Trust Company
9108 Woodward Avenue Branch
9108 Woodward Ave Detroit MI
First National Bank of America
Grandville Branch
4660 Kalamazoo Grand Rapids MI
Northpointe Bank
Northpointe Bank Branch
3333 Deposit Drive Ne Grand Rapids MI
KeyBank National Association
Brighton Town Square Branch
8199 Challis Road Brighton MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
Peoples State Bank of Munising
Wetmore Branch
E9714 Connors Road Munising MI
Alden State Bank
Alden State Bank Branch
Coy And Helena Streets Alden MI
The Dart Bank
The Dart Bank Branch
368 South Park Street Mason MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
1st State Bank
Bay City Branch
601 North Madison Avenue Bay City MI
Central Savings Bank
Central Savings Bank Branch
511 Bingham Avenue Sault Sainte Marie MI
Northern Interstate Bank, N. A.
North Dickinson Branch
N10151 State Hwy M95 Sagola MI
The Miners State Bank
Ontonagon Branch
601 River Street Ontonagon MI
Alden State Bank
Alden State Bank Branch
Coy And Helena Streets Alden MI
Eaton Community Bank
Grand Ledge Branch
500 South Clinton Grand Ledge MI
Sturgis Bank & Trust Company
Bronson Banking Center Branch
863 West Chicago Bronson MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
1st State Bank
Bay City Branch
601 North Madison Avenue Bay City MI
Central Savings Bank
Central Savings Bank Branch
511 Bingham Avenue Sault Sainte Marie MI
The State Savings Bank of Manistique
Curtis Branch
W17344 Main Street Curtis MI
Northstar Bank
Algonac Branch
900 Point Tremble Road Algonac MI
University Bank
University Bank Branch
2015 Washtenaw Avenue Ann Arbor MI
Blissfield State Bank
Blissfield Branch
640 West Adrian Street Blissfield MI
Northern Interstate Bank, N. A.
North Dickinson Branch
N10151 State Hwy M95 Sagola MI
The Miners State Bank
Ontonagon Branch
601 River Street Ontonagon MI
Citizens State Bank
White Pine Branch
35337 Mall Circle White Pine MI
Gogebic Range Bank
Bessemer Branch
300 South Sophie Street Bessemer MI
Superior National Bank
Ridgecrest Plaza Branch
960 Razorback Drive Suite # 1 Houghton MI
Range Bank
Quinnesec Office Branch
W 7253 Us Highway 2 Quinnesec MI
The First National Bank of St. Ignace
West Mackinac Branch
W11635 Us Highway 2 Naubinway MI
Charlevoix State Bank
Ellsworth Branch
9136 Main Street Ellsworth MI
Alden State Bank
Alden State Bank Branch
Coy And Helena Streets Alden MI
West Shore Bank
Frankfort Branch
501 Main Street Frankfort MI
Lake-Osceola State Bank
Lake-Osceola State Bank Branch
790 North Michigan Avenue Baldwin MI
The Shelby State Bank
Whitelake Branch
8238 Whitehall Road Whitehall Township MI
Highpoint Community Bank
Middleville Branch
435 Arlington Street Middleville MI
Union Bank
Union Bank Branch
933 4th Avenue Lake Odessa MI
Bay Port State Bank
Bay Port State Bank Branch
9840 Main Street Bay Port MI
Liberty Bank and Trust Company
9108 Woodward Avenue Branch
9108 Woodward Ave Detroit MI
Dearborn Federal Savings Bank
4111 South Telegraph Branch
4111 South Telegraph Dearborn Heights MI
Huron State Bank
Huron National Bank Branch
200 East Erie Rogers City MI
Nicolet National Bank
Menominee Branch
1015 Tenth Avenue Menominee MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
Northern Interstate Bank, N. A.
North Dickinson Branch
N10151 State Hwy M95 Sagola MI
Central Savings Bank
Central Savings Bank Branch
511 Bingham Avenue Sault Sainte Marie MI
University Bank
University Bank Branch
2015 Washtenaw Avenue Ann Arbor MI
Capitol National Bank
Capitol National Bank Branch
644 Migaldi Drive Lansing MI
1st State Bank
Bay City Branch
601 North Madison Avenue Bay City MI
Tri-County Bank
Yale Branch
7514 South Brockway Road Yale MI
The State Savings Bank of Manistique
Curtis Branch
W17344 Main Street Curtis MI
Gogebic Range Bank
Bessemer Branch
300 South Sophie Street Bessemer MI
Range Bank
Quinnesec Office Branch
W 7253 Us Highway 2 Quinnesec MI
First Bank, Upper Michigan
Palms Avenue Branch
743 Palms Avenue Ishpeming MI
The Stephenson National Bank and Trust
Menominee Branch
1111 10th Street Menominee MI
Upper Peninsula State Bank
Upper Peninsula State Bank Branch
430 North Lincoln Road Escanaba MI
The First National Bank of St. Ignace
West Mackinac Branch
W11635 Us Highway 2 Naubinway MI
Baybank
Rapid River Branch
10513 North Main Street Rapid River MI
Charlevoix State Bank
Ellsworth Branch
9136 Main Street Ellsworth MI
Alden State Bank
Alden State Bank Branch
Coy And Helena Streets Alden MI
West Shore Bank
Frankfort Branch
501 Main Street Frankfort MI
Lake-Osceola State Bank
Lake-Osceola State Bank Branch
790 North Michigan Avenue Baldwin MI
Mercantile Bank
Holland Branch
880 E 16th Street Holland MI
Isabella Bank
Canadian Lakes Branch
8351 100th Avenue Canadian Lakes MI
United Bank of Michigan
United Bank Of Michigan Branch
900 East Paris Avenue, S.E. Grand Rapids MI
Highpoint Community Bank
Middleville Branch
435 Arlington Street Middleville MI
Union Bank
Union Bank Branch
933 4th Avenue Lake Odessa MI
Bay Port State Bank
Bay Port State Bank Branch
9840 Main Street Bay Port MI
Oxford Bank
Oxford Bank Branch
8125 State Road Goodrich MI
Eaton Community Bank
Grand Ledge Branch
500 South Clinton Grand Ledge MI
The Dart Bank
The Dart Bank Branch
368 South Park Street Mason MI
First State Bank of Decatur
First State Bank Of Decatur Branch
124 Phelps Street Decatur MI
Sturgis Bank & Trust Company
Bronson Banking Center Branch
863 West Chicago Bronson MI
Homestead Savings Bank
Leslie Branch
4625 Hull Road Leslie MI
Chelsea State Bank
Downtown Branch
305 South Main Chelsea MI
Bank Michigan
Osb Community Bank Branch
417 South Main Street Brooklyn MI
First State Bank
Richmond Branch
67225 Gratiot Avenue Richmond MI
Dearborn Federal Savings Bank
4111 South Telegraph Branch
4111 South Telegraph Dearborn Heights MI
West Shore Bank
Frankfort Branch
501 Main Street Frankfort MI
Independent Bank
Sebewaing M-25 Branch
8880 Unionville Road Sebewaing MI
Kalamazoo County State Bank
Mattawan Branch
55320 North Main Street Mattawan MI
Blissfield State Bank
Blissfield Branch
640 West Adrian Street Blissfield MI
Kalamazoo County State Bank
Mattawan Branch
55320 North Main Street Mattawan MI
Capitol National Bank
Capitol National Bank Branch
644 Migaldi Drive Lansing MI
Southern Michigan Bank & Trust
Southern Michigan Bank & Trust Branch
88 North Main Street Three Rivers MI
Tri-County Bank
Yale Branch
7514 South Brockway Road Yale MI
Northstar Bank
Algonac Branch
900 Point Tremble Road Algonac MI
First National Bank & Trust Co.
South Branch
W 8151 Us 2 Iron Mountain MI
The Port Austin State Bank
The Port Austin State Bank Branch
62 East State Street Port Austin MI
The First National Bank of Wakefield
The First National Bank Of Wakefield Branch
401 Sunday Lake Street Wakefield MI
Superior National Bank
Ridgecrest Plaza Branch
960 Razorback Drive Suite # 1 Houghton MI
Range Bank
Quinnesec Office Branch
W 7253 Us Highway 2 Quinnesec MI
First Bank, Upper Michigan
Palms Avenue Branch
743 Palms Avenue Ishpeming MI
The Stephenson National Bank and Trust
Menominee Branch
1111 10th Street Menominee MI
State Savings Bank
State Savings Bank, Frankfort, Mich. Branch
703 Main Street Frankfort MI
Citizens National Bank of Cheboygan
Alanson Branch
8011 S. Us 31 Alanson MI
West Shore Bank
Frankfort Branch
501 Main Street Frankfort MI
The Shelby State Bank
Whitelake Branch
8238 Whitehall Road Whitehall Township MI
Mercantile Bank
Holland Branch
880 E 16th Street Holland MI
Isabella Bank
Canadian Lakes Branch
8351 100th Avenue Canadian Lakes MI
Huron Community Bank
Oscoda Branch
5077 North Huron Road Oscoda Township MI
Horizon Bank
Summit Community Bank Branch
2151 West Grand River Okemos MI
Thumb Bank and Trust
Thumb Bank And Trust Branch
7254 Michigan Avenue Pigeon MI
Commercial Bank
802 Fourth Ave Branch
802 Fourth Avenue Lake Odessa MI
United Bank of Michigan
United Bank Of Michigan Branch
900 East Paris Avenue, S.E. Grand Rapids MI
Macatawa Bank, National Association
815 East Main Street Branch
815 East Main Street Zeeland MI
Old National Bank
Grandville Branch
5601 Wilson Ave, S.W. Grandville MI
Highpoint Community Bank
Middleville Branch
435 Arlington Street Middleville MI
Eastern Michigan Bank
Ruth Branch
7004 East Atwater Road Ruth MI
Mayville State Bank
Millington Branch
8428 North State Street Millington MI
Oxford Bank
Oxford Bank Branch
8125 State Road Goodrich MI
First State Bank of Decatur
First State Bank Of Decatur Branch
124 Phelps Street Decatur MI
Sturgis Bank & Trust Company
Bronson Banking Center Branch
863 West Chicago Bronson MI
Homestead Savings Bank
Leslie Branch
4625 Hull Road Leslie MI
Chelsea State Bank
Downtown Branch
305 South Main Chelsea MI
Bank of Ann Arbor
Bank Of Birmingham Branch
33583 Woodward Avenue Birmingham MI
Bank Michigan
Osb Community Bank Branch
417 South Main Street Brooklyn MI
G. W. Jones Exchange Bank
Edwardsburg Branch
69139 M-62 Highway South Edwardsburg MI
Century Bank and Trust
East Branch
745 East Chicago Road Coldwater MI
First State Bank
Richmond Branch
67225 Gratiot Avenue Richmond MI
Bank of America, National Association
Woodward/Mack Branch
3670 Woodward Avenue Detroit MI
Honor Bank
Lake Ann Branch
Maple Avenue And Second Street Lake Ann Village MI
IncredibleBank
Calumet Branch
56500 Us Highway 41 Calumet MI
Kalamazoo County State Bank
Mattawan Branch
55320 North Main Street Mattawan MI
ChoiceOne Bank
Rockford Branch
6795 Courtland Drive Ne Rockford MI
Horizon Bank
Summit Community Bank Branch
2151 West Grand River Okemos MI
Old National Bank
Grandville Branch
5601 Wilson Ave, S.W. Grandville MI
Eastern Michigan Bank
Ruth Branch
7004 East Atwater Road Ruth MI
CIBC Bank USA
Bank Of Rochester Branch
440 Main Street Rochester MI
Comerica Bank
Campau Square Branch
99 Monroe Avenue Nw Grand Rapids MI
PNC Bank, National Association
Hayworth Pfa Branch
One Haworth Center Holland MI
JPMorgan Chase Bank, National Association
Beecher Heights Branch
G-5491 North Saginaw Street Flint MI
Blissfield State Bank
Blissfield Branch
640 West Adrian Street Blissfield MI
The First National Bank of Wakefield
The First National Bank Of Wakefield Branch
401 Sunday Lake Street Wakefield MI
Honor Bank
Lake Ann Branch
Maple Avenue And Second Street Lake Ann Village MI
First National Bank of Michigan
First National Bank Of Michigan-West Branch
5313 West Main Street Kalamazoo MI
Mayville State Bank
Millington Branch
8428 North State Street Millington MI
Sturgis Bank & Trust Company
Bronson Banking Center Branch
863 West Chicago Bronson MI
Bank of Ann Arbor
Bank Of Birmingham Branch
33583 Woodward Avenue Birmingham MI
Century Bank and Trust
East Branch
745 East Chicago Road Coldwater MI
Wells Fargo Bank, National Association
Stephenson Branch
S938 U.S. 41 Stephenson MI
PNC Bank, National Association
Hayworth Pfa Branch
One Haworth Center Holland MI
KeyBank National Association
Brighton Town Square Branch
8199 Challis Road Brighton MI
Comerica Bank
Campau Square Branch
99 Monroe Avenue Nw Grand Rapids MI
Capitol National Bank
Capitol National Bank Branch
644 Migaldi Drive Lansing MI
Southern Michigan Bank & Trust
Southern Michigan Bank & Trust Branch
88 North Main Street Three Rivers MI
The First National Bank of Wakefield
The First National Bank Of Wakefield Branch
401 Sunday Lake Street Wakefield MI
Honor Bank
Lake Ann Branch
Maple Avenue And Second Street Lake Ann Village MI
ChoiceOne Bank
Rockford Branch
6795 Courtland Drive Ne Rockford MI
Horizon Bank
Summit Community Bank Branch
2151 West Grand River Okemos MI
Old National Bank
Grandville Branch
5601 Wilson Ave, S.W. Grandville MI
First National Bank of Michigan
First National Bank Of Michigan-West Branch
5313 West Main Street Kalamazoo MI
Farmers State Bank
Sturgis Branch
809 West Chicago Road Sturgis MI


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

MICHIGAN SAVINGS ACCOUNT ENVIRONMENT


Michigan is generally considered a competitive consumer market for deposit products. There are numerous banks and financial institutions operating in the state, offering a wide range of deposit products such as savings accounts, checking accounts, certificates of deposit (CDs), and other options. Consumers in Michigan have access to various options and can compare and choose from different financial institutions based on factors such as interest rates, fees, account features, customer service, and convenience.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES


Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

  • Find a bank with a location convenient to you. Location counts.
  • Choose a bank with good rates. Rates are important to get continued growth of your capital.
  • Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
  • Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
  • Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
  • Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
  • Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
  • Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.