Compare Bank & Credit Union Rates
Best savings rates in Michigan
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 211–225 results in Michigan
- Farmers Insurance Federal Credit UnionMoney Market with Direct DepositMoney Market with Direct Deposit · $1,000 min · 0.30%–0.50% by balance
Credit union · 1 branch
0.35%APY$35 a year on $10,000with conditionsRequirements
Product: Requires direct deposit in the amount of $1,000.00 or more monthly into FIGFCU Checking Account (either High Yield or CashBack), or bi-monthly deposits of $500 each. If qualifying DDEP cannot be verified while active, first succeeding DDEP must be received within a maximum of 60 days from account opening. If DDEP is cancelled or falls below qualifying threshold, bonus rate is reduced by 0.25%. Check-writing abilities; unlimited in-person transactions; all withdrawals must be at least $250. Membership eligibility required.
Offer: Tier 1: Up to $9,999.99. Includes 0.25% direct deposit rate bonus.
Qualified rate · Effective Sep 18, 2025
Rate by balance
Rate by balance for Money Market with Direct Deposit Balance APY Up to $10,000 0.30% $10,000 – $25,000Your amount 0.35% $25,000 – $50,000 0.40% $50,000 – $100,000 0.45% $100,000 and up 0.50% Rate checked
More details - Directions Credit UnionMoney Management AccountSavings · $2,500 min · 0.30%–0.85% by balance
Credit union · 3 branches
0.30%APY$30 a year on $10,000Requirements
Product: Variable rate; designed for higher dividends while maintaining liquidity. Minimum opening deposit: $5. Monthly service fee: $0. Minimum balance to receive dividends: $2,500. Dividends compounded monthly.
Offer: Minimum balance to receive dividends: $2,500
0.30% interest rate · Compounded monthly · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Management Account Balance APY $2,500 – $25,000Your amount 0.30% $25,000 – $50,000 0.35% $50,000 – $75,000 0.40% $75,000 – $100,000 0.65% $100,000 and up 0.85% Rate checked
More details - West Michigan Credit UnionMoney Market AccountMoney Market Account · $2,500 min · 0.10%–1.00% by balance
Credit union · 12 branches
0.30%APY$30 a year on $10,000Requirements
Product: Tiered rate account. Once a tier is met, the Interest Rate and APY for that tier apply to the full balance on your account. Dividends compounded and credited monthly. Minimum balance required to open is $2,500. Dividends calculated by average daily balance method.
Offer: Once tier is met, rate applies to the full balance.
0.10% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $2,499 0.10% $2,500 – $9,999 0.20% $10,000 – $24,999Your amount 0.30% $25,000 – $49,999 0.40% $50,000 – $149,999 0.50% $150,000 – $299,999 0.75% $300,000 and up 1.00% Rate checked
More details - 0.30%APY$30 a year on $10,000
Requirements
Product: A minimum of $5.00 is required to maintain the share account. No monthly maintenance fees. Dividends are declared quarterly.
Offer: Minimum deposit required to open the account and to obtain the stated APY is $5.00.
0.30% interest rate · No monthly fee · Effective Sep 30, 2026
Rate checked
More details - 0.30%APY$30 a year on $10,000
Requirements
Product: Maintain a $200.00 minimum daily balance to earn interest and avoid fees. A flat $5.00 quarterly service fee applies if the average daily balance is not attained; fee waived for minors under age 18 and customers age 60 and over. Interest compounded and paid quarterly. Variable rate subject to change after opening.
Offer: Must maintain a minimum daily balance of $200.00 to earn interest and avoid fees. $5.00 quarterly service fee if average daily balance is not attained (waived for minors under 18 and customers 60 and over).
0.30% interest rate · Effective Oct 1, 2026
Rate checked
More details - Zeal Credit UnionMoney MarketMoney Market · $5,000 min · 0.30%–0.70% by balance
Credit union · 18 branches
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 - CommunityAmerica Credit UnionMoney MarketMoney Market · $1,000 min · 0.25%–0.60% by balance
Credit union · 2 branches
0.30%APY$30 a year on $10,000Requirements
Product: Variable rate. Compounded daily and credited monthly. Requires maintaining the minimum daily balance required to obtain the applicable APY.
Offer: Subject to a $10 monthly fee if balance falls below $1,000 at any time.
0.25% interest rate · Compounded daily · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Money Market Balance APY Up to $10,000 0.25% $10,000 – $25,000Your amount 0.30% $25,000 – $50,000 0.35% $50,000 – $100,000 0.40% $100,000 – $150,000 0.45% $150,000 – $250,000 0.50% $250,000 – $500,000 0.55% $500,000 and up 0.60% Rate checked
More details - CommunityAmerica Credit UnionPremier Money MarketPremier Money Market · $1,000 min · 0.25%–3.45% by balance
Credit union · 2 branches
0.30%APY$30 a year on $10,000Requirements
Product: Variable rate. Compounded daily and credited monthly. Requires maintaining the minimum daily balance required to obtain the applicable APY.
Offer: Subject to a $20 monthly fee if balance falls below $25,000 at any time.
0.25% interest rate · Compounded daily · $20 monthly fee
Rate by balance
Rate by balance for Premier Money Market Balance APY Up to $10,000 0.25% $10,000 – $25,000Your amount 0.30% $25,000 – $50,000 3.20% $50,000 – $100,000 3.25% $100,000 – $150,000 3.30% $150,000 – $250,000 3.35% $250,000 – $500,000 3.40% $500,000 and up 3.45% Rate checked
More details - Dort Financial Credit UnionPlatinum Money MarketPlatinum Money Market · $0 min · 0.30%–3.50% by balance
Credit union · 13 branches
0.30%APY$30 a year on $10,000Requirements
Product: No monthly account fees or minimum balance. High-yield variable rates; dividend rates are subject to change. Dividends are credited quarterly and forfeited if account is closed before credit date.
Offer: Tier 1 balance 0 to $49,999. Variable rate subject to change.
0.30% interest rate · No monthly fee
Rate by balance
Rate by balance for Platinum Money Market Balance APY Up to $49,999Your amount 0.30% $50,000 – $99,999 1.25% $100,000 – $249,999 1.75% $250,000 – $499,999 1.90% $500,000 and up 3.50% Rate checked
More details - 0.30%APY$30 a year on $10,000
Requirements
Product: Minimum required to open is the purchase of a $5.00 par value share in the credit union, plus a 25¢ membership fee.
Offer: Must maintain a minimum balance of $100.00 to obtain disclosed APY. Dividends compounded and credited quarterly.
Effective Dec 1, 2025
Rate checked
More details - 0.30%APY$30 a year on $10,000
Effective Jul 1, 2024
Rate checked
More details - 0.30%APY$30 a year on $10,000
Effective Jul 1, 2024
Rate checked
More details - THE LOCAL Credit UnionFlexible Money FundFlexible Money Fund · $1,000 min · 0.00%–0.50% by balance
Credit union · 1 branch
0.30%APY$30 a year on $10,000Requirements
Product: Must maintain a daily balance of $1,000 to earn dividends. Direct check writing with 6 free transactions per month by pre-authorized automatic, telephone, checks, drafts, debit cards, or other similar order.
0.00% interest rate · No monthly fee · Effective Nov 3, 2025
Rate by balance
Rate by balance for Flexible Money Fund Balance APY Up to $1,000 0.00% $1,000 – $2,500 0.20% $2,500 – $20,000Your amount 0.30% $20,000 – $50,000 0.40% $50,000 – $100,000 0.40% $100,000 and up 0.50% Rate checked
More details - 0.30%APY$30 a year on $10,000
Requirements
Product: We only accept deposits from customers with either a primary or secondary residence located within local communities. Interest is compounded and paid quarterly to the account. Interest begins to accrue on the business day you deposit. Limited to six (6) preauthorized debits per month.
Offer: Quarterly APY. Interest compounded and paid quarterly. No fees.
0.30% interest rate · No monthly fee · Effective Aug 11, 2025
Rate checked
More details - IncredibleBankInFocus Personal Money MarketInFocus Personal Money Market · $25 min · 0.25%–2.53% by balance
Bank · 6 branches
0.25%APY$25 a year on $10,000Requirements
Product: Keep a daily balance of $2,500 to waive the $10 monthly account balance maintenance fee. At bank discretion, rates may change at any time after account is opened.
Offer: Keep a daily balance of $2,500 to waive the $10 monthly account balance maintenance fee. Rates may change at any time after account is opened.
0.25% interest rate · $10 monthly fee
Rate by balance
Rate by balance for InFocus Personal Money Market Balance APY Up to $25,000Your amount 0.25% $25,000 – $50,000 1.51% $50,000 – $100,000 1.77% $100,000 – $250,000 2.02% $250,000 – $500,000 2.28% $500,000 and up 2.53% 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 Michigan
617 accounts at 212 banks and credit unions · checked Oct 16–23
- Typical
- 0.15%
- Top 10% from
- 1.75%
- Banks, typical
- 0.20%
- Credit unions, typical
- 0.15%
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Michigan
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Settlers Federal Credit UnionCredit union · 2 branches
- Meijer Credit UnionCredit union · 3 branches
- Dow Credit UnionCredit union · 2 branches