Credit union · NCUA insured
Michigan Schools & Government Credit Union Savings Rates
Top CarrotMichigan Schools & Government Credit Union’s best savings rate is 0.60% APY on $10,000, with its Silver Savings Account. Rates checked October 16, 2026.
How Michigan Schools & Government Credit Union’s savings 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
0.60%APY
- Requires
- None
- Minimum
- $0
- Earns on $10,000 a year
- $60
Silver Savings Account
Top rate
Ignite Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $500
2nd-highest rate
Flagstar Bank
4.00%APY
- Requires
- None
- Minimum
- $1
- Earns on $10,000 a year
- $400
Michigan Schools & Government Credit Union savings score
82
Savings score
Higher than 58% of U.S. banks and credit unions
- $1,000 balance$1,0000.35%
- $10,000 balance$10,0000.60%
- $100,000 balance$100,0002.05%
- QualifiedQualified0.60%
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 savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Gold Savings Account
0.10%APY
Tiered dividend scale based on Average Daily Balance. No monthly service charge or withdrawal penalties.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $50,000Average Daily Balance Under $50,000. | 0.10% | $10 | Average Daily Balance Under $50,000. |
| $50,000 – $74,999Average Daily Balance $50,000 - $74,999. | 1.00% | — | Average Daily Balance $50,000 - $74,999. |
| $75,000 – $99,999Average Daily Balance $75,000 - $99,999. | 1.45% | — | Average Daily Balance $75,000 - $99,999. |
| $100,000 – $199,999Average Daily Balance $100,000 - $199,999. | 2.05% | — | Average Daily Balance $100,000 - $199,999. |
| $200,000 and upAverage Daily Balance $200,000 and higher. | 2.15% | — | Average Daily Balance $200,000 and higher. |
Sources (3)
All captured Oct 5, 2026
Silver Savings Account
0.60%APY
Tiered dividend scale based on Average Daily Balance. No monthly service charge or withdrawal penalties.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $100Average Daily Balance Under $100. | 0.10% | — | Average Daily Balance Under $100. |
| $100 – $4,999Average Daily Balance $100 - $4,999. | 0.35% | — | Average Daily Balance $100 - $4,999. |
| $5,000 – $9,999Average Daily Balance $5,000 - $9,999. | 0.50% | — | Average Daily Balance $5,000 - $9,999. |
| $10,000 – $19,999Average Daily Balance $10,000 - $19,999. | 0.60% | $60 | Average Daily Balance $10,000 - $19,999. |
| $20,000 – $39,999Average Daily Balance $20,000 - $39,999. | 0.65% | — | Average Daily Balance $20,000 - $39,999. |
| $40,000 and upAverage Daily Balance $40,000 and higher. | 0.80% | — | Average Daily Balance $40,000 and higher. |
Sources (3)
All captured Oct 5, 2026
Money Market Checking Account
0.20%APY
$2,500 minimum average daily balance required to earn APY. No monthly service charges or deposit fees.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 – $4,999$2,500 minimum average daily balance required to earn APY. | 0.20% | — | $2,500 minimum average daily balance required to earn APY. |
| $5,000 – $7,499$2,500 minimum average daily balance required to earn APY. | 0.20% | — | $2,500 minimum average daily balance required to earn APY. |
| $7,500 – $9,999$2,500 minimum average daily balance required to earn APY. | 0.20% | — | $2,500 minimum average daily balance required to earn APY. |
| $10,000 – $24,999$2,500 minimum average daily balance required to earn APY. | 0.20% | $20 | $2,500 minimum average daily balance required to earn APY. |
| $25,000 and up$2,500 minimum average daily balance required to earn APY. | 0.40% | — | $2,500 minimum average daily balance required to earn APY. |
Sources (3)
All captured Oct 5, 2026
Regular Savings Account
0.15%APY
$5 minimum balance required to open account and earn advertised APY. Dividends paid quarterly. Required to become a member.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5 and up$5 Minimum Balance Required to open and earn advertised APY. Dividends paid quarterly.$5 and up | 0.15% | $15 | $5 Minimum Balance Required to open and earn advertised APY. Dividends paid quarterly. |
Sources (3)
- msgcu.org/regular-savings-account
- msgcu.org/Michigan-savings-rates
- msgcu.org/michigan-savings-accounts
All captured Oct 5, 2026
You-Name-It Savings Account
0.15%APY
No minimum balance required. No monthly service charge. Dividends paid quarterly. Designed for secondary share personal savings goals.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo Minimum Balance Required. No monthly service charge. Dividends paid quarterly.Any balance | 0.15% | $15 | No Minimum Balance Required. No monthly service charge. Dividends paid quarterly. |
Sources (3)
- msgcu.org/you-name-it-savings-account
- msgcu.org/Michigan-savings-rates
- msgcu.org/michigan-savings-accounts
All captured Oct 5, 2026
Special-purpose accounts
Health Savings Account
0.30%APY
Designed for individuals covered by a High Deductible Health Plan. No monthly fees or minimum deposit requirements. Contributions are tax-deductible.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo Minimum Balance Required. No monthly fees. Available for individuals covered by a High Deductible Health Plan.Any balance | 0.30% | $30 | No Minimum Balance Required. No monthly fees. Available for individuals covered by a High Deductible Health Plan. |
Sources (2)
All captured Oct 5, 2026
Holiday Club Account
0.30%APY
No minimum balance requirement or monthly service fees. Balance builds until November 1, when savings transfer to Regular Savings Account.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo Minimum Balance Required. No monthly service fees. Balance automatically transfers to Regular Savings on November 1.Any balance | 0.30% | $30 | No Minimum Balance Required. No monthly service fees. Balance automatically transfers to Regular Savings on November 1. |
Sources (3)
- msgcu.org/Michigan-savings-rates
- msgcu.org/holiday-savings-account
- msgcu.org/michigan-savings-accounts
All captured Oct 5, 2026
Individual Retirement Account (IRA)
0.30%APY
IRA savings account for retirement savings (Traditional and Roth). No minimum balance required. 2026 contribution limit up to $7,500 annually ($8,600 if age 50 or older).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo Minimum Balance Required. Traditional and Roth IRA savings.Any balance | 0.30% | $30 | No Minimum Balance Required. Traditional and Roth IRA savings. |
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.