Compare Bank & Credit Union Rates
Best savings rates in Novi, MI
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 1–15 results in Novi, MI
- 4.00%APY$400 a year on $10,000intro rate
Requirements
Product: Personal accounts only. $5 monthly maintenance charge waived with at least a $300 average daily collected balance, or by maintaining a Flagstar personal checking relationship, or if the primary account owner is 24 years of age or younger.
Offer: Standard non-promotional rate applies to balances under $10,000 ($0.01 or greater). $5 monthly maintenance fee waived if average daily collected balance is at least $300, or with an owner relationship on a Flagstar personal checking account with a balance of at least $0.01, or if primary account owner is 24 or younger.
Promotional rate · $5 monthly fee · Effective Oct 17, 2026
Rate by balance
Rate by balance for Flagstar Ready Savings Balance APY Up to $10,000 0.05% $10,000 and upYour amountMust be a new personal savings client and deposit new money. $1 minimum opening deposit. Reverts to standard non-promotional rate after 180 days. Early account closure fee may apply if closed within 180 days. 4.00% Rate checked
More details - Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.06%–3.25% by balance
Bank · 2 branches
3.25%APY$325 a year on $10,000with conditionsRequirements
Product: Monthly maintenance fee of $10 waived with an average daily balance of $2,500 or when you also own a Huntington personal checking account. Minimum opening deposit is $100. Higher relationship rates available when linked with qualifying checking accounts. Rates are specific to ZIP code 43215.
Offer: Promotional Rate with open Private Client Account; requires new money to Huntington. Rate applies to ZIP code 43215.
Qualified rate · 0.06% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Huntington Relationship Savings Balance APY Up to $5,000 0.06% $5,000 – $2,000,001Your amountPromotional Rate with open Huntington Perks Checking account; 3.25% $2,000,001 – $100,000,000,000Bank reserves the right to limit acceptance of deposits greater than $2,000,000.00. 0.06% Rate checked
More details - Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.02%–3.15% by balance
Bank · 2 branches
3.15%APY$315 a year on $10,000with conditionsRequirements
Product: Monthly maintenance fee of $10 waived with an average daily balance of $2,500 or when you also own a Huntington personal checking account. Minimum opening deposit is $100. Higher relationship rates available when linked with qualifying checking accounts. Rates are specific to ZIP code 43215.
Offer: Promotional Rate with open Huntington Perks Checking account; requires new money to Huntington. Rate applies to ZIP code 43215.
Qualified rate · 0.02% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Huntington Relationship Savings Balance APY Up to $5,000 0.02% $5,000 – $2,000,001Your amountNon-Relationship Promotional Rate; 3.15% $2,000,001 – $100,000,000,000Bank reserves the right to limit acceptance of deposits greater than $2,000,000.00. 0.02% Rate checked
More details - Michigan First Credit UnionSavingsPlus AccountSavings · $1 min · 0.25%–10.47% by balance
Credit union · 1 branch
2.27%APY$227 a year on $10,000with conditionsRequirements
Product: 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.
Offer: 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.
Qualified rate · 10.00% interest rate · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for SavingsPlus Account Balance APY Up to $5,000 10.47% $5,000 and upApplies when bonus dividend qualifications are not met. 0.25% $5,001 – $99,999Your amount 2.27% $100,000 and up 3.04% Rate checked
More details - Vibe Credit UnionMoney Market AccountMoney Market Account · $0 min · 1.86%–3.02% by balance
Credit union · 1 branch
2.11%APY$211 a year on $10,000with conditionsRequirements
Product: No minimum balance required to open, but must carry a balance to earn dividends. No monthly maintenance fees. Tiered rate structure; dividends calculated on daily balance and paid monthly. Six free electronic withdrawals per month.
Offer: Requires owning and meeting all requirements of High Yield Rewards Checking in the same membership account to receive an additional 1.50% bonus dividend rate paid on the total balance.
Qualified rate · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $5,000 1.86% $5,000 – $50,000Your amount 2.11% $50,000 – $100,000 2.16% $100,000 – $250,000 2.52% $250,000 – $500,000 2.77% $500,000 and up 3.02% Rate checked
More details - Christian Financial Credit UnionMoney Market SavingsMoney Market Savings · $100 min · 0.05%–2.00% by balance
Credit union · 1 branch
1.25%APY$125 a year on $10,000Requirements
Product: Withdrawal or transfer up to 6 times per month without penalty. If fees are applied, it may reduce earnings.
0.05% interest rate · Effective Oct 16, 2026
Rate by balance
Rate by balance for Money Market Savings Balance APY $100 – $2,500 0.05% $2,500 – $10,000 1.00% $10,000 – $50,000Your amount 1.25% $50,000 – $100,000 1.50% $100,000 – $250,000 1.75% $250,000 and up 2.00% Rate checked
More details - 1.25%APY$125 a year on $10,000intro rate
Requirements
Product: Higher dividend paid monthly; additional deposits allowed at any time.
Offer: Valid through 10/11/2026.
Promotional rate
Rate by balance
Rate by balance for IMMA Balance APY $2,000 and up 1.25% $10,000 and upYour amount 1.25% $25,000 and up 1.40% $50,000 and up 1.50% $100,000 and up 2.15% $500,000 and up 2.65% $1,000,000 and up 3.50% $2,000,000 and up 3.50% $5,000,000 and up 3.50% Rate checked
More details - MSU Federal Credit UnionMoney Market CheckingMoney Market Checking · $2,000 min · 1.25%–1.85% by balance
Credit union · 1 branch
1.25%APY$125 a year on $10,000intro rateRequirements
Product: Dividends are calculated daily and paid monthly on balances of $2,000 or more. A monthly fee of $5.00 applies if the balance falls below $2,000. No debit card required and paper statements are optional. Membership in MSUFCU requires opening a Spartan Saver account with a $5 opening deposit.
Offer: Tier 1 rate. $5 monthly fee applies if balance falls below $2,000. Valid thru 10/11/2026.
Promotional rate · $5 monthly fee
Rate by balance
Rate by balance for Money Market Checking Balance APY $2,000 and up 1.25% $10,000 and upYour amountTier 2 rate. 1.25% $50,000 and upTier 3 rate. 1.50% $100,000 and upTier 4 rate. 1.85% Rate checked
More details - Michigan First Credit UnionMoney Market AccountMoney Market Account · $1 min · 0.00%–2.53% by balance
Credit union · 1 branch
1.06%APY$106 a year on $10,000Requirements
Product: Members must be 18 years old to open this account. Minimum account aggregate balance of $100 required to avoid additional fee of $3/month.
Offer: Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
0.00% interest rate · $3 monthly fee
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $2,499 0.00% $2,500 – $4,999 1.06% $5,000 – $24,999Your amount 1.06% $25,000 – $99,000 1.71% $100,000 – $199,999 2.22% $200,000 – $499,999 2.53% $500,000 and up 2.53% Rate checked
More details - 1.00%APY$100 a year on $10,000
Requirements
Product: Deposits can be made by payroll deductions or automatic transfer with the exception of initial deposit. Withdrawals can only be made during the months of May, June, July, and August. Funds will be transferred automatically to your MSUFCU checking or savings account.
Offer: Withdrawals restricted to May, June, July, and August.
Effective Aug 25, 2026
Rate checked
More details - Diversified Members Credit UnionMoney Market SavingsMoney Market Savings · $2,500 min · 0.85%–2.95% by balance
Credit union · 1 branch
0.85%APY$85 a year on $10,000Requirements
Product: Dividends pay and compound monthly. $2,500 minimum average daily balance required to earn dividends. Monthly limit of six (6) withdrawals per account, after that see the fee schedule. Rates may change after account is opened. Accurate as of effective date. Fees may reduce earnings on the account.
Offer: $2,500 minimum average daily balance required to earn dividends.
Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Savings Balance APY $2,500 – $24,999Your amount 0.85% $25,000 – $49,999 1.15% $50,000 – $99,999 1.45% $100,000 – $249,999 1.70% $250,000 – $499,999 1.95% $500,000 – $999,999 2.45% $1,000,000 and up 2.95% Rate checked
More details - 0.65%APY$65 a year on $10,000
Requirements
Product: Dividends calculated on daily balance and declared/paid monthly. Excluded from High Yield Rewards Checking bonus dividend.
0.40% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for FU$E MMA Balance APY Up to $500 0.40% $500 – $2,500 0.50% $2,500 and upYour amount 0.65% Rate checked
More details - Vibe Credit UnionMoney Market AccountMoney Market Account · $0 min · 0.35%–1.51% by balance
Credit union · 1 branch
0.60%APY$60 a year on $10,000with conditionsRequirements
Product: No minimum balance required to open, but must carry a balance to earn dividends. No monthly maintenance fees. Tiered rate structure; dividends calculated on daily balance and paid monthly. Six free electronic withdrawals per month.
Qualified rate · 0.35% interest rate · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $5,000 0.35% $5,000 – $50,000Your amount 0.60% $50,000 – $100,000 0.65% $100,000 – $250,000 1.01% $250,000 – $500,000 1.26% $500,000 and up 1.51% Rate checked
More details - Michigan First Credit UnionSavings AccountSavings · $10 min · 0.15%–0.25% by balance
Credit union · 1 branch
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 - 0.10%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
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 Novi, MI
44 accounts at 12 banks and credit unions · checked Oct 5–22
- Typical
- 0.05%
- Top 10% from
- 1.85%
- 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