Compare Bank & Credit Union Rates
Best CD rates in Detroit, MI
Compare published certificate yields with their terms, opening minimums, requirements, collection dates and original sources.
Top CD rates
Showing 16–30 results in Detroit, MI
- 3.75%APY$2,021 over 60 months on $10,000
Requirements
Product: Requirements: Savings Account, Minimum Deposit of $500. No Monthly Fee. 1x bump feature allows members with long-term CDs to benefit in a rising rate market. Product features a Step Up feature where you can adjust your interest rate if it goes up.
Offer: Tier I. Dividends Paid annually.
3.75% interest rate · Effective Sep 17, 2026
Rate checked
More details - Security Credit UnionShare Certificates of DepositCD · 60 months · $1,000 min
Credit union · 1 branch
3.65%APY$1,963 over 60 months on $10,000Requirements
Product: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Rates are effective as of October 1, 2026. Rates are subject to change without notice; printed matter such as our newsletter Security Matters takes priority over Internet rates. Call Security Credit Union for current rates. Penalty will be imposed for early withdrawal (90 days interest for terms of 12 months or less, 180 days interest for terms greater than 1 year). Fees may reduce earnings on the account.
Effective Oct 1, 2026
Rate checked
More details - Diversified Members Credit UnionCertificates of DepositCD · 24 months · $200 min
Credit union · 2 branches
3.60%APY$733 over 24 months on $10,000intro rateRequirements
Product: Insured up to $250,000. Jumbo CD over $100,000.00 adds 0.05% to all terms (minimum balance $100,000.00, excluded from 18 and 48 month special). Early withdrawal penalties apply.
Offer: Early withdrawal penalty applies.
Promotional rate · 3.55% interest rate · Effective Oct 1, 2026
Rate checked
More details - Michigan First Credit Union60 Month Certificate AccountCD · 60 months · $1,000 min · 1.00%–3.71% by balance
Credit union · 6 branches
3.56%APY$1,911 over 60 months on $10,000Requirements
Product: Minimum balance to open an account and earn advertised APY is $1,000. Early withdrawal penalty applies. Fees may reduce earnings.
Offer: Balance $1,000 to $9,999 required.
1.00% interest rate
Rate by balance
Rate by balance for 60 Month Certificate Account Balance APY $1,000 – $9,999 1.00% $10,000 – $49,999Your amount 3.56% $50,000 – $99,999 3.61% $100,000 – $499,999 3.66% $500,000 and up 3.71% Rate checked
More details - 3.55%APY$355 over 1 year on $10,000
Requirements
Product: Requirements: Must be 18 years or older, Savings Account. Additional deposits can be made throughout the term. Every qualifying deposit of at least $25 into STW is an entry into monthly and quarterly prize drawings. No monthly fees.
Offer: Dividends paid Annually (rates table) / quarterly (features text).
3.50% interest rate · Effective Sep 17, 2026
Rate checked
More details - Michigan First Credit Union12 Month Certificate AccountCD · 12 months · $1,000 min · 0.90%–3.71% by balance
Credit union · 6 branches
3.51%APY$351 over 1 year on $10,000Requirements
Product: Minimum balance to open an account and earn advertised APY is $1,000. Early withdrawal penalty applies. Fees may reduce earnings.
Offer: Balance $1,000 to $9,999 required.
0.90% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for 12 Month Certificate Account Balance APY $1,000 – $9,999 0.90% $10,000 – $49,999Your amount 3.51% $50,000 – $99,999 3.51% $100,000 – $499,999 3.61% $500,000 and up 3.71% Rate checked
More details - Public Service Credit UnionRelationship CDCD · 18 months · $500 min · up to $10,000
Credit union · 3 branches
3.50%APY$530 over 18 months on $10,000with conditionsRequirements
Product: Requirements: Direct Advantage Savings or Direct Advantage Plus Savings, Direct Deposit of at least $800 or $5000 loan balance. No Monthly Fees.
Offer: Dividends paid Annually (rates table) / quarterly (features text). Direct Deposit of at least $800 or $5000 loan balance required.
Qualified rate · 3.50% interest rate · Effective Sep 17, 2026
Rate checked
More details - 3.50%APY$682 over 23 months on $10,000
Requirements
Offer: Dividends paid Annually.
3.50% interest rate · Balance cap $1,000,000 · Effective Sep 17, 2026
Rate checked
More details - Michigan First Credit Union24 Month Certificate AccountCD · 24 months · $1,000 min · 1.26%–3.82% by balance
Credit union · 6 branches
3.40%APY$692 over 24 months on $10,000Requirements
Product: Minimum balance to open an account and earn advertised APY is $1,000. Early withdrawal penalty applies. Fees may reduce earnings.
Offer: Balance $1,000 to $9,999 required.
1.25% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for 24 Month Certificate Account Balance APY $1,000 – $9,999 1.26% $10,000 – $49,999Your amount 3.40% $50,000 – $99,999 3.40% $100,000 – $499,999 3.61% $500,000 and up 3.82% Rate checked
More details - Michigan First Credit Union48 Month Certificate AccountCD · 48 months · $1,000 min · 0.95%–3.66% by balance
Credit union · 6 branches
3.35%APY$1,409 over 48 months on $10,000Requirements
Product: Minimum balance to open an account and earn advertised APY is $1,000. Early withdrawal penalty applies. Fees may reduce earnings.
Offer: Balance $1,000 to $9,999 required.
0.95% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for 48 Month Certificate Account Balance APY $1,000 – $9,999 0.95% $10,000 – $49,999Your amount 3.35% $50,000 – $99,999 3.45% $100,000 – $499,999 3.56% $500,000 and up 3.66% Rate checked
More details - Michigan First Credit Union6 Month Certificate AccountCD · 6 months · $1,000 min · 0.80%–3.56% by balance
Credit union · 6 branches
3.30%APY$164 over 6 months on $10,000Requirements
Product: Minimum opening deposit $1,000. Balance tiers required to earn stated APY.
Offer: Balance $1,000 to $9,999 required.
0.80% interest rate
Rate by balance
Rate by balance for 6 Month Certificate Account Balance APY $1,000 – $9,999 0.80% $10,000 – $49,999Your amount 3.30% $50,000 – $99,999 3.30% $100,000 – $499,999 3.40% $500,000 and up 3.56% Rate checked
More details - 3.30%APY$219 over 8 months on $10,000with conditions
Requirements
Product: Minimum deposit requirement of $1,000 to open a CD. Penalty for early withdrawal.
Offer: Requires linked qualifying Chase checking account.
Qualified rate · 3.25% interest rate · Effective Oct 16, 2026
Rate by balance
Rate by balance for Certificate of Deposit Balance APY Up to $9,999 3.30% $10,000 – $99,999Your amount 3.30% $100,000 and up 3.80% Rate checked
More details - Electrical Workers Local 58 Credit UnionCertificate of DepositCD · 13 months · $10,000 min
Credit union · 1 branch
3.30%APY$358 over 13 months on $10,000Requirements
Product: Must purchase and maintain 1 share ($25.00 par value) as a condition of membership. Penalty for early withdrawal applies. Additional deposits and withdrawals not allowed before maturity. Automatically renews with a 10-day grace period.
Offer: Special CD offer. Fixed rate. Interest compounded monthly, credited monthly.
3.25% interest rate · Compounded monthly · Effective Jan 1, 2026
Rate checked
More details - Michigan First Credit Union36 Month Certificate AccountCD · 36 months · $1,000 min · 0.90%–3.56% by balance
Credit union · 6 branches
3.30%APY$1,023 over 36 months on $10,000Requirements
Product: Minimum balance to open an account and earn advertised APY is $1,000. Early withdrawal penalty applies. Fees may reduce earnings.
Offer: Balance $1,000 to $9,999 required.
0.90% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for 36 Month Certificate Account Balance APY $1,000 – $9,999 0.90% $10,000 – $49,999Your amount 3.30% $50,000 – $99,999 3.35% $100,000 – $499,999 3.56% $500,000 and up 3.56% Rate checked
More details - 3.30%APY$1,763 over 60 months on $10,000
Requirements
Product: Active membership, minimum deposit of $500, and completed Share Certificate application required. 90 day interest penalty for early withdrawal. Jumbo rates (24 Month and over $10,000 earns 0.05% above regular rate; 24 Month and over $25,000 earns 0.10% above regular rate) do not apply to non-member deposits.
Offer: Interest Paid: Quarterly. 90 day interest penalty for early withdrawal.
3.25% interest rate · Effective Oct 5, 2026
Rate checked
More details
Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates, not just the account shown. How we rank
What CDs pay in Detroit, MI
272 CDs at 21 banks and credit unions · checked Sep 18–Oct 22
- Typical
- 2.50%
- Top 10% from
- 3.80%
- Banks, typical
- 0.05%
- Credit unions, typical
- 3.25%
Is your bank paying you enough?
Find your bank or credit union to see all its rates and how they compare near you.
Detroit, MI metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Chief Financial Credit UnionCredit union · 4 branches
- Extra Credit UnionCredit union · 2 branches
- Christian Financial Credit UnionCredit union · 12 branches