Bank · FDIC insured
Bank Michigan CD Rates
Bank Michigan’s best CD rate is 4.00% APY on a 7-month CD. Terms run from 7 months to 5 years. Rates checked October 16, 2026.
How Bank Michigan’s CD rates compare
Compared with banks and credit unions near Ann Arbor, MI, where Bank Michigan has the most branches. $10,000, best rate first.
This bank’s best
Bank Michigan
4.00%APY
- Term
- 7 months
- Minimum
- $1,000
- Earns on $10,000
- $231
Certificate of Deposit
Top rate
People Driven Credit Union
4.55%APY
- Term
- 9 months
- Minimum
- $500
- Earns on $10,000
- $339
2nd-highest rate
Michigan Schools & Government Credit Union
4.55%APY
- Term
- 15 months
- Minimum
- $500
- Earns on $10,000
- $572
Bank Michigan CD score
82
CD score
Higher than 58% of U.S. banks and credit unions
- 3–8 months3–8 mo4.00%
- 9–15 months9–15 mo4.00%
- 16–30 months16–30 mo1.00%
- 31–60 months31–60 mo0.95%
- QualifiedQualified4.00%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Bank Michigan ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Certificate of Deposit
Up to 4.00%APY · 7 terms
Tiered rates compounded and credited quarterly. Terms ranging from 12 to 60 months. A penalty may be imposed for early withdrawal.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 7 monthsSpecial limited time offer. New money only; funds currently deposited in accounts at Bank Michigan are not eligible for promotional interest rate. Cannot be combined with any other CD offer | 4.00% | $231 |
| 12 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 1.31% | $131 |
| 13 monthsSpecial limited time offer. New money only; funds currently deposited in accounts at Bank Michigan are not eligible for promotional interest rate. Cannot be combined with any other CD offer. For Michigan residents only | 4.00% | $434 |
| 24 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 1.00% | $201 |
| 36 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 0.90% | $272 |
| 48 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 0.95% | $385 |
| 60 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 0.95% | $484 |
Sources (4)
- bankmichigan.bank/Personal/Savings-CDs
- bankmichigan.bank/Personal/Savings-CDs/CD-IRAs
- bankmichigan.bank/Resources/Rates
- bankmichigan.bank
All captured Oct 5, 2026
Special-purpose accounts
Individual Retirement Account (IRA) CD
Up to 4.00%APY · 7 terms
Any CD product can be used as an Individual Retirement Account (Traditional or Roth IRA, subject to IRS rules). Tiered rates compounded and credited quarterly. Terms ranging from 12 to 60 months. Early withdrawal penalties may apply.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 7 monthsSpecial limited time offer. New money only; funds currently deposited in accounts at Bank Michigan are not eligible for promotional interest rate. Cannot be combined with any other CD offer | 4.00% | $231 |
| 12 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 1.31% | $131 |
| 13 monthsSpecial limited time offer. New money only; funds currently deposited in accounts at Bank Michigan are not eligible for promotional interest rate. Cannot be combined with any other CD offer. For Michigan residents only | 4.00% | $434 |
| 24 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 1.00% | $201 |
| 36 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 0.90% | $272 |
| 48 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 0.95% | $385 |
| 60 monthsStandard rate. Minimum balance of $1,000 required to obtain APY | 0.95% | $484 |
Sources (3)
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.