Michigan First Credit Union Savings & Money Market Rates

How Michigan First Credit Union’s savings rates compare

Compared with banks and credit unions near Detroit, MI, where Michigan First Credit Union has the most branches. $10,000, best rate first.

This credit union’s best
Michigan First Credit Union
2.27%APY
Requires
Monthly account activity
Minimum
—
Earns on $10,000 a year
$227
SavingsPlus Account
Top rate
Ignite Credit Union
5.00%APY
Requires
Monthly account activity
Minimum
$0
Earns on $10,000 a year
$500
Ignite Credit Union rates
2nd-highest rate
Flagstar Bank
4.00%APY
Requires
None
Minimum
$1
Earns on $10,000 a year
$400
Flagstar Bank rates

Compare savings rates near you →

87

Savings score

Higher than 78% of U.S. banks and credit unions

By balance

$1,000 balance$1,0000.15%
$10,000 balance$10,0001.06%
$100,000 balance$100,0002.22%
QualifiedQualified2.27%

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.

How the score works →

Where Michigan First Credit Union ranks

By savings score, in each area where it has branches

And 1 more area →

Every rate

Current savings rates

Rates from the credit union’s website. Earnings assume the rate doesn’t change.

SavingsPlus Account

Up to 2.27%APYRequirements apply

Must be 18 or older to open an account (ages 13-17 can open with a parent or guardian). A $100 aggregate balance must be maintained across all Michigan First accounts after the first 3 months of membership to avoid a monthly minimum balance fee.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns	Requirement
Up to $5,000Bonus dividend rate requires: enrolled in e-statements for both account and credit card statements; maintain a Premier Checking Account; perform no more than 2 in-person and/or mail-in transactions a month; maintain a minimum of $400 monthly direct deposit; and either use Debit Card 10+ times/month for signature/PIN purchases or Rewards Credit Card 12+ times/month for merchant purchases.	10.47%	—	Bonus dividend rate requires: enrolled in e-statements for both account and credit card statements; maintain a Premier Checking Account; perform no more than 2 in-person and/or mail-in transactions a month; maintain a minimum of $400 monthly direct deposit; and either use Debit Card 10+ times/month for signature/PIN purchases or Rewards Credit Card 12+ times/month for merchant purchases.
Up to $4,999Applies when bonus dividend qualifications are not met.	0.15%	—	Applies when bonus dividend qualifications are not met.
$5,000 and upApplies when bonus dividend qualifications are not met.	0.25%	$25	Applies when bonus dividend qualifications are not met.
$5,001 – $99,999Bonus dividend rate requires: enrolled in e-statements for both account and credit card statements; maintain a Premier Checking Account; perform no more than 2 in-person and/or mail-in transactions a month; maintain a minimum of $400 monthly direct deposit; and either use Debit Card 10+ times/month for signature/PIN purchases or Rewards Credit Card 12+ times/month for merchant purchases.	2.27%	$227	Bonus dividend rate requires: enrolled in e-statements for both account and credit card statements; maintain a Premier Checking Account; perform no more than 2 in-person and/or mail-in transactions a month; maintain a minimum of $400 monthly direct deposit; and either use Debit Card 10+ times/month for signature/PIN purchases or Rewards Credit Card 12+ times/month for merchant purchases.
$100,000 and upBonus dividend rate requires: enrolled in e-statements for both account and credit card statements; maintain a Premier Checking Account; perform no more than 2 in-person and/or mail-in transactions a month; maintain a minimum of $400 monthly direct deposit; and either use Debit Card 10+ times/month for signature/PIN purchases or Rewards Credit Card 12+ times/month for merchant purchases.	3.04%	—	Bonus dividend rate requires: enrolled in e-statements for both account and credit card statements; maintain a Premier Checking Account; perform no more than 2 in-person and/or mail-in transactions a month; maintain a minimum of $400 monthly direct deposit; and either use Debit Card 10+ times/month for signature/PIN purchases or Rewards Credit Card 12+ times/month for merchant purchases.

Sources (3)

All captured Oct 5, 2026

Money Market Account

1.06%APY

Members must be 18 years old to open this account. Minimum account aggregate balance of $100 required to avoid additional fee of $3/month.

Earnings on $10,000 over a year.
Balance	APY	Minimum	Earns on $10,000 a yearEarns	Requirement
Up to $2,499Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee. · $1 to open	0.00%	$1	—	Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
$2,500 – $4,999Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee. · $2,500 to open	1.06%	$2,500	—	Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
$5,000 – $24,999Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee. · $5,000 to open	1.06%	$5,000	$106	Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
$25,000 – $99,000Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee. · $25,000 to open	1.71%	$25,000	—	Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
$100,000 – $199,999Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee. · $100,000 to open	2.22%	$100,000	—	Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
$200,000 – $499,999Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee. · $200,000 to open	2.53%	$200,000	—	Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
$500,000 and upMinimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee. · $500,000 to open	2.53%	$500,000	—	Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.

Sources (2)

All captured Oct 5, 2026

Savings Account

0.20%APY$10 to open

Must be 18 or older to open an account (ages 13-17 can open with a parent or guardian). Minimum opening deposit of $10 required. An account aggregate balance of $100 required after the first 3 months of membership to avoid a monthly minimum balance fee.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Up to $999	0.15%	—
$1,000 – $4,999	0.15%	—
$5,000 – $24,999	0.20%	$20
$25,000 and up	0.25%	—

Sources (2)

All captured Oct 5, 2026

Special-purpose accounts

Youth Savings Account

2.02%APYKids and teens

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	2.02%	$202

Sources (1)

michiganfirst.com/About/Member…es/Deposit-Account-Rates · captured Oct 5, 2026

IRA Variable

0.50%APYIRA

Allows periodic deposits throughout the year (up to $6,000 per year, or $7,000 if over age 50). Variable dividend rate adjusts with economic/market conditions.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Up to $2,499	0.20%	—
$2,500 – $9,999	0.35%	—
$10,000 – $24,999	0.50%	$50
$25,000 and up	0.55%	—

Sources (2)

All captured Oct 5, 2026

Who can join Michigan First Credit Union

We don’t have this credit union’s membership requirements here yet. Confirm that you can join before applying.

Visit institution website ↗Branches and institution details

How Michigan First Credit Union’s savings rates compare

Michigan First Credit Union savings score

Current savings rates

SavingsPlus Account

Money Market Account

Savings Account

Special-purpose accounts

Youth Savings Account

IRA Variable

Who can join Michigan First Credit Union