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 421–435 results in Michigan
- 0.05%APY$5 a year on $10,000
Requirements
Product: Members who meet one of the following will not be assessed a $5 monthly maintenance fee: have a $500 combined average balance in all savings accounts; have a checking or loan product (including an open line of credit); are under 25 or over 64 years of age; or have a savings account established for less than 120 days. Products included for combined balance or checking/loan qualification must have the same primary owner (Tax Reported Owner). Accounts remaining at $0 balance for 90 consecutive days are automatically closed.
Offer: No minimum balance to open account or earn interest. Monthly maintenance fee of $5 waived for qualifying members (products included must share same primary/Tax Reported Owner). APY may change after account is open.
0.05% interest rate · $5 monthly fee · Effective Oct 22, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Automatically opened with every orsa membership. $100 minimum balance to earn dividends. Can be set up as overdraft protection for CloseEnuff checking.
Offer: Minimum balance to earn dividends is $100.
0.05% interest rate · Effective Oct 23, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: No monthly fee. Available once membership is established. Dividends calculated daily and paid monthly.
0.05% interest rate · No monthly fee · Effective Oct 22, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Requires $5 deposit to open membership and must maintain at least $5 while open. Dividends compounded and paid monthly.
0.05% interest rate · Effective Oct 22, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Establishes credit union membership and part-ownership. Allows up to 6 free withdrawals per month.
Offer: Earnings compounded daily, paid monthly.
Compounded daily · No monthly fee
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Establishes credit union membership and allows access to all other credit union services.
Offer: Minimum average daily balance required to obtain the disclosed dividend rate. Dividends figured on average daily balance, paid and compounded quarterly.
0.05% interest rate · Compounded quarterly · Effective Jun 30, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Dividend rates declared quarterly; paid and compounded quarterly. For savers with $100,000.
Offer: Balance less than $100,000. Dividends figured on average daily balance, paid and compounded quarterly.
0.05% interest rate · Compounded quarterly · Effective Jun 30, 2026
Rate by balance
Rate by balance for Platinum Shares Balance APY Up to $100,000Your amount 0.05% $100,000 – $125,000 0.70% $125,000 – $150,000 0.70% $150,000 – $175,000 0.70% $175,000 – $200,000 0.70% $200,000 and up 0.70% Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Special share account for special occasions or large purchases.
Offer: Applies to Suffix 02, 04, 06, 09. Minimum average daily balance required to obtain the disclosed dividend rate. Dividends figured on average daily balance, paid and compounded quarterly.
0.05% interest rate · Compounded quarterly · Effective Jun 30, 2026
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More details - 0.05%APY$5 a year on $10,000
Effective Oct 22, 2026
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More details - 0.05%APY$5 a year on $10,000
Effective Oct 22, 2026
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More details - 0.05%APY$5 a year on $10,000with conditions
Requirements
Product: Minimum $10,000 average daily balance is required to earn dividends. No minimum balance to open.
Offer: Standard rate applied when account activity does not meet Advantage Plus qualifications; requires a minimum $10,000 daily balance to earn dividends.
Qualified rate · No monthly fee · Effective Oct 1, 2026
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More details - 0.05%APY$5 a year on $10,000
Requirements
Product: No minimum opening balance. No monthly maintenance fees. Earns quarterly dividends on balances of $500 or more.
Offer: Earns interest/dividends quarterly on balances of $500 or more.
No monthly fee · Effective Oct 1, 2026
Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Foundational share savings account establishing credit union membership. Earns quarterly dividends on balances of $500 or more.
Offer: Earns quarterly dividends on balances of $500 or more.
Effective Oct 1, 2026
Rate checked
More details - Electrical Workers Local 58 Credit UnionShare AccountsSavings · $100 min · 0.05%–1.00% by balance
Credit union · 1 branch
0.05%APY$5 a year on $10,000Requirements
Product: May be started with as little as $25. Minimum 1 share ($25.00 par value) required for membership. Accounts over $99.99 earn dividends per webpage schedule ($100.00 minimum balance to earn the stated APY per disclosure). Dividends calculated daily (average daily balance method) and paid/credited quarterly. Once a balance tier range is met, the rate applies to the full balance.
Offer: Tier A ($99.99 - $2,499.99). Disclosure lists $100.00 to $2,499.99.
Effective Oct 22, 2026
Rate by balance
Rate by balance for Share Accounts Balance APY Up to $2,500 0.05% $2,500 – $25,000Your amount 0.05% $25,000 – $100,000 0.08% $100,000 – $1,000,000 0.10% $1,000,000 and up 1.00% Rate checked
More details - 0.05%APY$5 a year on $10,000
Requirements
Product: Requires $5.00 minimum balance to maintain membership/remain open. No monthly fee. Sub-accounts available with no minimum balance. Up to 6 withdrawals/transfers per calendar month under Reg D.
Offer: Variable rate account. Rate may change after account is opened. Interest credited monthly. Requires $5.00 minimum balance to open/maintain account.
0.05% interest rate · No monthly fee · Effective Oct 1, 2026
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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