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 331–345 results in Michigan
- 0.10%APY$10 a year on $10,000
Requirements
Product: The minimum to open is $100. A minimum monthly balance of $300 is required to avoid fees (waived for minors). APY is based on a $2,500 balance for 12 months. Current rates are subject to change. Fees could reduce earnings.
Offer: APY is based on a $2,500 balance for 12 months. Minimum monthly balance of $300 required to avoid fees (waived for minors).
0.10% interest rate · Effective Oct 1, 2026
Rate checked
More details - orsa credit unionHigh Yield SavingsSavings · $5 min · 0.10%–10.00% by balance
Credit union · 13 branches
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 23, 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: Deposit accounts must maintain a $2,500.00 balance to receive a monthly dividend. Assessed fees could affect annual yield. Overdraft transfer fee of $4.00 applies. Overdrawn accounts assessed $35.00 NSF fee. $25.00 monthly service fee if overdrawn more than 30 days.
Offer: Deposit accounts must maintain a $2,500.00 balance to receive a monthly dividend. Required investment of $2,500.
Effective Oct 22, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Offer: Effective 2026-10-22; Requires $2,500 balance to receive monthly dividend (lines 5, 21).
Effective Oct 22, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: $5.00 deposit to open account. Earns a monthly dividend. Free Gerber FCU/Co-Op ATM use with ATM Cash Card.
0.10% interest rate
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Earn interest on accounts over $50. No monthly fees when you select eStatements.
Offer: $25 minimum opening deposit. Interest earned on accounts over $50. No monthly fees with eStatements.
0.10% interest rate · Effective Oct 23, 2026
Rate checked
More details - United Bay Community Credit UnionMoney Manager AccountSavings · 0.02%–1.21% by balance
Credit union · 6 branches
0.10%APY$10 a year on $10,000Requirements
Product: Tiered-rate structure based on average daily balance. Dividends are compounded daily and paid monthly.
Offer: Dividends are compounded daily and paid monthly. Balance tier: Less than $1,000.
0.02% interest rate · Compounded daily
Rate by balance
Rate by balance for Money Manager Account Balance APY Up to $1,000 0.02% $1,000 – $9,999 0.05% $10,000 – $24,999Your amount 0.10% $25,000 – $49,999 0.25% $50,000 – $99,999 0.35% $100,000 – $249,999 0.60% $250,000 and up 1.21% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of quarterly compounding for a 365-day period, and expressed as a percentage. Fees may reduce earnings. APY is accurate as of the last quarter. Rates subject to change without prior notification.
0.10% interest rate · Effective Oct 22, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: A $5 deposit into a Basic Savings is required for AAC Credit Union membership. If you choose only a Savings Account relationship, a $100 minimum balance applies. Consider an AAC Checking, Loan or Visa Platinum to waive monthly fees.
$5 monthly fee
Rate checked
More details - Flagstar BankFlagstar Performance SavingsSavings · $1 min · 0.10%–3.20% by balance
Bank · 101 branches
0.10%APY$10 a year on $10,000Requirements
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 - 0.10%APY$10 a year on $10,000
Requirements
Product: Basic savings account included with credit union membership. Minimum balance required to open account is $5. Dividends are paid quarterly.
Offer: Minimum balance to earn interest is $0.01. Dividends are paid quarterly.
0.10% interest rate · Effective Nov 3, 2025
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: May be opened for budgeting purposes or special purchases.
Effective Oct 15, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: KCCU membership requires a regular savings account with a minimum deposit of $5.00, equal to one share in the credit union.
Effective Oct 15, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Dividends are calculated on daily balance and paid quarterly. No low-balance fees. Basic savings account set up at starting point of becoming a member.
No monthly fee · Effective Oct 15, 2026
Rate by balance
Rate by balance for Savings Account Balance APY Up to $25 0.00% $25 and upYour amount 0.10% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Maintained as a condition of membership ($5.00 minimum balance required to be eligible for other products or services).
Offer: Fees may reduce earnings. Rates are subject to change without notice.
Effective Oct 15, 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 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