Credit union · NCUA insured
Michigan Schools & Government Credit Union CD Rates
Top CarrotMichigan Schools & Government Credit Union’s best CD rate is 4.55% APY on a 15-month share certificate (CD). Terms run from 6 months to 5 years. Rates checked October 16, 2026.
How Michigan Schools & Government Credit Union’s CD rates compare
Compared with banks and credit unions near Detroit, MI, where Michigan Schools & Government Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Michigan Schools & Government Credit Union
4.55%APY
- Term
- 15 months
- Requires
- None
- Minimum
- $500
- Earns on $10,000
- $572
Certificate of Deposit
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 Schools & Government Credit Union CD score
93
CD score
Higher than 95% of U.S. banks and credit unions
- 3–8 months3–8 mo2.50%
- 9–15 months9–15 mo4.55%
- 16–30 months16–30 mo4.45%
- 31–60 months31–60 mo3.50%
- QualifiedQualified4.55%
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 Schools & Government 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.
Certificate of Deposit
Up to 4.55%APY · 8 terms
$500 Minimum Average Daily Balance Required. Certificate of Deposits will automatically renew at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Promotional Certificates will automatically renew at maturity to a standard term Certificate offered at the time of maturity. Bump rate option available on longer-term CDs.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 6 months | 2.50% | $124 |
| 9 monthsPromotional Certificate; automatically renews at maturity to a standard term Certificate offered at the time of maturity | 4.30% | $321 |
| 12 months | 3.50% | $350 |
| 15 monthsThe 15-month promotional CD is offered as of 7/1/2026 and is available for new money only. New money means funds that are not currently on deposit at MSGCU. This offer cannot be combined with current MSGCU deposit dollars, including rollovers from maturing MSGCU CDs. Funds are considered new money if received through cash, check, or wire transfer and CD is opened within five calendar days. Funds from an IRA direct transfer or rollover from another institution are also considered new money if deposited into the IRA share and CD opened within five calendar days. Funds withdrawn from MSGCU may not be returned and considered New Money within 90 calendar days of withdraw. Businesses, municipalities, and MSGCU team members are not eligible. Available in branches or when opening a new membership online. At maturity, renewed to a 1-year term CD | 4.55% | $572 |
| 24 months | 4.45% | $910 |
| 36 months | 3.25% | $1,007 |
| 48 months | 3.25% | $1,365 |
| 60 months | 3.50% | $1,877 |
Grow-With-Me CD
Up to 2.25%APY · 3 terms
$250 Minimum Average Daily Balance Required. Unlimited deposits throughout the term without changing maturity date or rate. Automatic renewal at maturity with a 10-day grace period.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 6 months | 1.50% | $75 |
| 12 months | 1.75% | $175 |
| 24 months | 2.25% | $455 |
Sources (1)
- msgcu.org/high-rate-cd · captured Sep 24, 2026
Special-purpose accounts
IRA CD
Up to 4.55%APY · 8 terms
CDs available for both Traditional and Roth Individual Retirement Accounts. No monthly service charge. $500 Minimum Average Daily Balance Required. Certificate of Deposits will automatically renew at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Promotional Certificates will automatically renew at maturity to a standard term Certificate offered at the time of maturity. Bump rate option available on 3-, 4-, or 5-year IRA CDs (one bump per CD).
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 6 months | 2.50% | $124 |
| 9 monthsPromotional Certificate; automatically renews at maturity to a standard term Certificate offered at the time of maturity | 4.30% | $321 |
| 12 months | 3.50% | $350 |
| 15 monthsThe 15-month promotional CD is offered as of 7/1/2026 and is available for new money only. New money means funds that are not currently on deposit at MSGCU. This offer cannot be combined with current MSGCU deposit dollars, including rollovers from maturing MSGCU CDs. Funds are considered new money if received through cash, check, or wire transfer and CD is opened within five calendar days. Funds from an IRA direct transfer or rollover from another institution are also considered new money if deposited into the IRA share and CD opened within five calendar days. Funds withdrawn from MSGCU may not be returned and considered New Money within 90 calendar days of withdraw. Businesses, municipalities, and MSGCU team members are not eligible. Available in branches or when opening a new membership online. At maturity, renewed to a 1-year term CD | 4.55% | $572 |
| 24 months | 4.45% | $910 |
| 36 months | 3.25% | $1,007 |
| 48 months | 3.25% | $1,365 |
| 60 months | 3.50% | $1,877 |
Sources (1)
- msgcu.org/ira-cd · captured Sep 24, 2026
Youth Flex CD
4.00%APY · 1 term
Available for members age 17 and younger. Unlimited deposits up to max balance of $15,000. Up to two penalty-free withdrawals per term via branch, call, or video (additional withdrawals incur penalty). Automatic transfer into Membership Share 01 at maturity. One CD per membership. No parental account required.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 12 monthsInterest compounded and credited quarterly | 4.00% | $400 |
Sources (1)
- msgcu.org/bank/cds-iras/youth-flex-cd · captured Sep 24, 2026
Who can join Michigan Schools & Government Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives in Michigan can bank with MSGCU.
Membership information collected October 5, 2026.