Credit union · NCUA insured
Michigan Educational Credit Union CD Rates
Michigan Educational Credit Union’s best CD rate is 4.00% APY on a 1-year share certificate (CD). Terms run from 3 months to 5 years. Rates checked October 16, 2026.
How Michigan Educational Credit Union’s CD rates compare
Compared with banks and credit unions near Detroit, MI, where Michigan Educational Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Michigan Educational Credit Union
4.00%APY
- Term
- 12 months
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000
- $400
Share Certificates
Top rate
FreeStar Financial Credit Union
5.25%APY
- Term
- 18 months
- Requires
- Another account
- Minimum
- $500
- Earns on $10,000
- $798
2nd-highest rate
Diversified Members Credit Union
5.15%APY
- Term
- 12 months
- Requires
- None
- Minimum
- $5,000
- Earns on $10,000
- $515
Michigan Educational Credit Union CD score
85
CD score
Higher than 70% of U.S. banks and credit unions
- 3–8 months3–8 mo3.50%
- 9–15 months9–15 mo4.00%
- 16–30 months16–30 mo3.50%
- 31–60 months31–60 mo3.85%
- 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 Michigan Educational Credit Union ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Share Certificates
Up to 4.00%APY · 9 terms
Early withdrawal penalty applies: 3 months and 6 months - all dividends accrued; 1 to 2.5 years - 6 months of dividends accrued; 3-5 years - 9 months of dividends accrued. Available with a compounding or non-compounding option.
| Term | APY · $2,500 and up | APY · $5,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|
| 3 monthsTerm is 91 Days | 2.50% | — | 2.50% | $62 |
| 6 monthsTerm is 182 Days | 3.50% | — | 3.50% | $173 |
| 12 monthsTerm is 365 Days | 4.00% | — | 4.00% | $400 |
| 18 months | — | 3.30% | 3.30% | $499 |
| 24 months | — | 3.40% | 3.40% | $692 |
| 30 months | — | 3.50% | 3.50% | $898 |
| 36 months | — | 3.65% | 3.65% | $1,135 |
| 48 months | — | 3.75% | 3.75% | $1,587 |
| 60 months | — | 3.85% | 3.85% | $2,079 |
Sources (2)
All captured Sep 24, 2026
Special-purpose accounts
IRA Share Certificates
Up to 4.00%APY · 9 terms
Minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. Dividends are compounded quarterly. Penalty imposed for early withdrawal: 3 months and 6 months - all dividends accrued; 1 to 2.5 years - 6 months of dividends accrued; 3-5 years - 9 months of dividends accrued. APY assumes dividends remain on deposit until maturity.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 3 monthsTerm is 91 Days. Additional increments of $500 | 2.50% | $62 |
| 6 monthsTerm is 182 Days. Additional increments of $500 | 3.50% | $173 |
| 12 monthsTerm is 365 Days. Additional increments of $500 | 4.00% | $400 |
| 18 monthsAdditional increments of $500 | 3.30% | $499 |
| 24 monthsAdditional increments of $500 | 3.40% | $692 |
| 30 monthsAdditional increments of $500 | 3.50% | $898 |
| 36 monthsAdditional increments of $500 | 3.65% | $1,135 |
| 48 monthsAdditional increments of $500 | 3.75% | $1,587 |
| 60 monthsAdditional increments of $500 | 3.85% | $2,079 |
Sources (2)
All captured Sep 24, 2026
Who can join Michigan Educational Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school anywhere in the State of Michigan.
Military, government and schools
- Membership is available to employees and retirees of educational institutions located in Wayne, Washtenaw, Oakland, Macomb, Livingston, and Jackson counties.
Family and household
- Membership is available to immediate family members of eligible members and family members (relatives by blood or marriage) of members.
Cost to join
- A $1 membership fee is required upon opening a membership account.
- An initial share deposit of $5 is required to open a membership account.
Membership information collected October 5, 2026.