Compare Bank & Credit Union Rates
Best savings rates in Detroit, MI
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 16–30 results in Detroit, MI
- Zeal Credit UnionMoney MarketMoney Market · $5,000 min · 0.30%–0.70% by balance
Credit union · 1 branch
0.30%APY$30 a year on $10,000Requirements
Product: All Zeal Money Market accounts are subject to a low $6 monthly service fee, with a $5,000 balance required to avoid a minimum balance fee. Maximum 6 remote transactions/checks per month.
Offer: Dividends paid monthly; $5,000 balance required to avoid minimum balance fee.
$6 monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY $5,000 – $25,000Your amount 0.30% $25,000 – $50,000 0.40% $50,000 – $100,000 0.50% $100,000 – $500,000 0.60% $500,000 and up 0.70% Rate checked
More details - 0.25%APY$25 a year on $10,000
Requirements
Product: Primary account establishing credit union membership ($5 minimum opening deposit). $5 monthly Non-Relationship Fee applies on accounts with only Member Savings; waived if account maintains a $300 daily average balance, primary member is under 24 years of age, receives direct deposit, has VIP Status, or holds other LMCU accounts (checking, loan, or CD).
Offer: Requires $100 minimum balance to earn interest. $5 monthly fee waived with $300 daily average balance, primary member under 24, direct deposit, VIP status, or other qualifying LMCU accounts.
0.25% interest rate · $5 monthly fee · Effective Jul 20, 2026
Rate checked
More details - Security Credit UnionMoney Market / IDI (Insured Daily Investment) AccountMoney Market / IDI (Insured Daily Investment) Account · $2,500 min · 0.25%–0.45% by balance
Credit union · 1 branch
0.25%APY$25 a year on $10,000Requirements
Product: Can be opened with a minimum deposit of $2,500. Penalty-free withdrawals with no minimum dollar amounts for deposits or withdrawals. Account service fee waived for accounts with average daily balance of $250 or more, open loan/credit card, open certificate, open checking share with at least three debit card transactions/checks cleared/ACH debits in month, or primary member under age 23; product page also states no account management fees.
Offer: Account service fee waived for accounts with average daily balance of $250 or more, open loan/credit card, open certificate, open checking share with at least three debit card transactions/checks cleared/ACH debits in month, or primary member under age 23.
$4.95 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Money Market / IDI (Insured Daily Investment) Account Balance APY $2,500 – $25,000Your amount 0.25% $25,000 – $50,000 0.30% $50,000 – $100,000 0.35% $100,000 – $150,000 0.40% $150,000 and up 0.45% Rate checked
More details - 0.25%APY$25 a year on $10,000
Requirements
Product: Basic membership account requiring a $5 minimum balance at all times. Dividends are compounded and credited quarterly using the daily balance computation method. Limited to 6 withdrawals or transfers per statement period (maximum 3 by check, draft, or debit card).
Offer: Must maintain a minimum daily balance of $5.00 each day to obtain the disclosed annual percentage yield.
0.25% interest rate · Effective Sep 30, 2023
Rate checked
More details - Credit Union ONEMoney Market AccountMoney Market Account · $1,000 min · 0.05%–0.55% by balance
Credit union · 1 branch
0.25%APY$25 a year on $10,000intro rateRequirements
Product: A $1,000.00 minimum daily balance required to earn APY. Accounts that remain at a zero balance for 90 consecutive days will be automatically closed out (no fee for zero balance closure).
Offer: Rates are variable.
Promotional rate · 0.05% interest rate · Effective Sep 1, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY $1,000 and up 0.05% $2,500 and up 0.10% $10,000 and upYour amount 0.25% $25,000 and up 0.35% $50,000 and up 0.50% $100,000 and up 0.55% Rate checked
More details - Michigan First Credit UnionSavings AccountSavings · $10 min · 0.15%–0.25% by balance
Credit union · 6 branches
0.20%APY$20 a year on $10,000Requirements
Product: 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.
0.15% interest rate · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Savings Account Balance APY Up to $999 0.15% $1,000 – $4,999 0.15% $5,000 – $24,999Your amount 0.20% $25,000 and up 0.25% Rate checked
More details - 0.20%APY$20 a year on $10,000
Requirements
Product: Earn daily dividends, paid monthly. Members are permitted to make six remote (online, preauthorized, telephone transfer, auto transfer) withdrawals per month.
Offer: Earn daily dividends, paid monthly. Maximum of 6 remote withdrawals per month.
Effective Oct 1, 2026
Rate checked
More details - Public Service Credit UnionMoney Market AccountMoney Market Account · $2,500 min · 0.20%–0.70% by balance
Credit union · 3 branches
0.20%APY$20 a year on $10,000Requirements
Product: No minimum balance required. No monthly fee. No minimum balance fee, no withdrawal fee. Eligible to use as an overdraft account for Overdraft Protection. Requires Savings Account.
Offer: Dividends paid quarterly.
0.20% interest rate · No monthly fee · Effective Sep 17, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY $2,500 – $25,000Your amount 0.20% $25,000 – $100,000 0.30% $100,000 – $250,000 0.45% $250,000 – $500,000 0.50% Over $500,000 0.70% Rate checked
More details - ABD Federal Credit UnionRegular Share SavingsSavings · 0.05%–0.20% by balance
Credit union · 1 branch
0.20%APY$20 a year on $10,000Requirements
Product: Share Account has $5.00/month service charge on balances below $100.
Rate by balance
Rate by balance for Regular Share Savings Balance APY Any balance 0.05% $100 and upYour amountMinimum to avoid charge is $100.00. 0.20% Rate checked
More details - Alliance Catholic Credit UnionMoney Market Savings AccountMoney Market Savings Account · $0 min · 0.00%–0.30% by balance
Credit union · 1 branch
0.15%APY$15 a year on $10,000Requirements
Product: There's no minimum balance required to open it. Limit of up to six (6) electronic transfers per month. Dividends are compounded and paid monthly.
Offer: Average Daily Balance Required to Earn Dividends: $0.00 – $2,499.99. Dividend Frequency: Monthly.
0.00% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Money Market Savings Account Balance APY Up to $2,500 0.00% $2,500 – $20,000Your amount 0.15% $20,000 – $75,000 0.20% $75,000 – $100,000 0.25% $100,000 and up 0.30% Rate checked
More details - 0.15%APY$15 a year on $10,000
Requirements
Offer: Interest earned on balances of any size. Balances that fall below $200 incur a $4 monthly service fee. Two withdrawals per monthly statement cycle, thereafter $2 per withdrawal.
0.15% interest rate · $4 monthly fee
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Personal accounts only. Initial minimum opening deposit to earn higher rate is $25,000. Account must be funded within 90 days of approval date. Early closure fee may apply if closed within 180 days. $15 monthly service charge waived with at least a $10,000 average daily collected balance or with a Flagstar personal checking relationship.
Offer: Tier 1 balance rate. $15 monthly maintenance fee waived if average daily collected balance is at least $10,000 or if owner of a Flagstar personal checking account with balance of at least $0.01.
$15 monthly fee
Rate by balance
Rate by balance for Flagstar Performance Savings Balance APY Up to $10,000 0.10% $10,000 – $25,000Your amountTier 2 balance rate. 0.10% $25,000 – $50,000Tier 3 balance rate. 3.20% $50,000 – $100,000Tier 4 balance rate. $15 monthly maintenance fee waived if average daily collected balance is at least $10,000 or with personal checking relationship. 3.20% $100,000 – $500,000Tier 5 balance rate. $15 monthly maintenance fee waived if average daily collected balance is at least $10,000 or with personal checking relationship. 3.20% $500,000 and upTier 6 balance rate. $15 monthly maintenance fee waived if average daily collected balance is at least $10,000 or with personal checking relationship. 3.20% Rate checked
More details - orsa credit unionHigh Yield SavingsSavings · $5 min · 0.10%–10.00% by balance
Credit union · 1 branch
0.10%APY$10 a year on $10,000Requirements
Product: Limited to one per member. No monthly maintenance fees. No minimum balance to earn dividends.
Offer: Earned on balances of $0.01 to $1,000.00.
9.57% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for High Yield Savings Balance APY Up to $1,000 10.00% Over $1,000Your amount 0.10% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Secondary savings account. Rates may change after the account is opened.
Offer: Dividend paid quarterly. Fees may reduce earnings.
0.10% interest rate · Effective Oct 1, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Minimum balance of $5 to open with no monthly maintenance fees. Rates may change after the account is opened.
Offer: Dividend paid quarterly. Fees may reduce earnings.
0.10% interest rate · No monthly fee · Effective Oct 1, 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 savings accounts pay in Detroit, MI
68 accounts at 24 banks and credit unions · checked Oct 5–22
- Typical
- 0.06%
- Top 10% from
- 1.25%
- Banks, typical
- 0.03%
- Credit unions, typical
- 0.10%
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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