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 481–495 results in Michigan
- 0.05%APY$5 a year on $10,000
Requirements
Product: No minimum opening balance requirement. Open up to 99 separate goal accounts. Membership required.
Offer: Rates variable. Balance of $250 and over required to earn stated APY. $0 opening minimum.
0.04% interest rate · Effective Oct 5, 2026
Rate checked
More details - Health Advantage Credit UnionEmergency SavingsSavings · $0 min · 0.05%–5.00% by balance
Credit union · 2 branches
0.05%APY$5 a year on $10,000Requirements
Product: Only one account allowed per primary account owner's social security number. Tiered-rate account: specified rate applies only to the portion of balance within that tier. No monthly fees.
Offer: Split-tier calculation; applies to the portion of balance from $0 up to $5,000.
4.88% interest rate · No monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Emergency Savings Balance APY Up to $5,000 5.00% $5,001 and upYour amountapplies to the portion of balance over $5,000. 0.05% Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Membership required ($5 minimum deposit for par value of one share to open membership). Minimum balance fee of $5/month applies if aggregate balance across Savings, Certificates, and Checking is under $100, waived with 3+ monthly checking/HSA transactions, an active loan/credit card/IRA/ESA, or if under 21 or over 69 years old.
Offer: Rates variable. Balance of $250 and over required to earn stated APY. Opening deposit of $5 required.
0.04% interest rate · $5 monthly fee · Effective Oct 5, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: A $10 deposit represents the member's share and must remain on deposit. A monthly dividend is paid if a balance of $100 or more is maintained. Fees could reduce earnings on the account.
Offer: Monthly dividend paid if a balance of $100 or more is maintained. Fees could reduce earnings.
0.05% interest rate · Effective Oct 5, 2026
Rate checked
More details - Journey Federal Credit UnionLife Share/SavingsSavings · $5 min · 0.00%–0.05% by balance
Credit union · 4 branches
0.05%APY$5 a year on $10,0000.00% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Life Share/Savings Balance APY Up to $100 0.00% $100 and upYour amount 0.05% Rate checked
More details - Journey Federal Credit UnionRegular Share/Savings AccountSavings · $5 min · 0.00%–0.05% by balance
Credit union · 4 branches
0.05%APY$5 a year on $10,000Requirements
Product: A $5.00 minimum balance establishes credit union membership and entitles member to vote in elections.
0.00% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Regular Share/Savings Account Balance APY Up to $100 0.00% $100 and upYour amount 0.05% Rate checked
More details - 0.05%APY$5 a year on $10,000intro rate
Requirements
Product: Required savings account for all members. Minimum balance of $5.00 required to keep account open.
Offer: Valid through 10/31/2026. $5.00 minimum balance required to keep account open.
Promotional rate
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: To open a Regular Membership Savings Account, a one-time $2 fee is required. $199 combined savings balance required to avoid a minimum balance fee. Dividends are paid and compounded quarterly.
Offer: Minimum $5 deposit into the new Regular Membership Savings Account. Dividends compounded and paid quarterly.
Compounded quarterly
Rate checked
More details - Eastern Michigan BankPrestige Money MarketPrestige Money Market · 0.03%–0.20% by balance
Bank · 11 branches
0.05%APY$5 a year on $10,000Requirements
Product: Rates are subject to change without notice. Minimum balance required to earn posted rate. Fees could reduce earnings.
Offer: Below $10,000 balance tier.
0.03% interest rate · Effective Sep 17, 2025
Rate by balance
Rate by balance for Prestige Money Market Balance APY Any balance 0.03% $10,000 – $24,999Your amount 0.05% $25,000 – $49,999 0.05% $50,000 – $99,999 0.10% $100,000 and up 0.20% Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Extra Credit Union membership requires a $5 member share deposit in a regular savings account. $100 minimum balance required to earn dividends.
Offer: $100 minimum balance required to earn dividends.
Effective Oct 1, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Secondary/additional savings account with no minimum opening balance. $100 minimum balance required to earn dividends.
Offer: $100 minimum balance required to earn dividends.
Effective Oct 1, 2026
Rate checked
More details - Compass Credit UnionMoney Market/Premium ShareMoney Market/Premium Share · $1,000 min · 0.05%–1.51% by balance
Credit union · 2 branches
0.05%APY$5 a year on $10,000Requirements
Product: Minimum balance to receive the Money Market rate is $1,000.00. If the account falls below this balance, it will receive the APY for Regular Shares that are in place at that time.
Offer: Minimum balance to receive the Money Market rate is $1,000.00. If the account falls below this balance, it will receive the APY for Regular Shares that are in place at that time.
Effective Sep 18, 2026
Rate by balance
Rate by balance for Money Market/Premium Share Balance APY $1,000 – $20,000Your amount 0.05% $20,000 – $100,000 1.01% $100,000 and up 1.51% Rate checked
More details - Compass Credit UnionMoney MarketMoney Market · $1,000 min · 0.05%–1.51% by balance
Credit union · 2 branches
0.05%APY$5 a year on $10,000Requirements
Product: Minimum balance to receive the Money Market rate is $1,000.00. If the account falls below this balance, it will receive the APY for Regular Shares that are in place at that time.
Offer: Minimum balance to receive the Money Market rate is $1,000.00. If the account falls below this balance, it will receive the APY for Regular Shares that are in place at that time.
Effective Jun 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY $1,000 and upYour amount 0.05% $20,000 and up 1.01% $100,000 and up 1.51% Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Standard savings account providing access to funds at any time. Monthly maintenance fee of $5 applies unless waived.
Offer: Monthly fee of $5 is waived with a checking account, a minimum balance of $50, or a current WWFCU loan and e-statements.
0.05% interest rate · $5 monthly fee · Effective Oct 1, 2026
Rate checked
More details - Downriver Community Federal Credit UnionPrime Share SavingsSavings · $5 min · 0.05%–0.15% by balance
Credit union · 3 branches
0.05%APY$5 a year on $10,000Requirements
Product: Establishes membership with Downriver Community Federal Credit Union. Dividends are paid quarterly.
0.05% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Prime Share Savings Balance APY Up to $24,999Your amount 0.05% $25,000 – $99,999 0.10% $100,000 and up 0.15% 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 23–24
- 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