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 46–60 results in Michigan
- 2.00%APY$200 a year on $10,000
Requirements
Product: Every $25 deposited gives a chance to win cash prizes.
Effective Oct 15, 2026
Rate checked
More details - 2.00%APY$200 a year on $10,000with conditions
Requirements
Product: No minimum balance to open. One High Yield Savings per member. Base rate applies up to $50,000; to earn 3.50% APY, must pair with an active FreePlus Checking account meeting monthly requirements (direct deposit of $500+, 10 posted debit transactions, estatements, and log into online banking at least once per month).
Offer: Base rate on balances up to $50,000 if monthly FreePlus Checking requirements are not met.
Qualified rate · Balance cap $50,000 · Effective Jun 10, 2026
Rate checked
More details - Community First Federal Credit UnionKasasa Saver w/CBSavings · $0 min · 0.05%–2.00% by balance
Credit union · 5 branches
2.00%APY$200 a year on $10,000with conditionsRequirements
Product: Linked to Kasasa Cash Back checking account.
Offer: Base rate if qualifications are not met.
Qualified rate · Effective Oct 1, 2025
Rate by balance
Rate by balance for Kasasa Saver w/CB Balance APY Any balance 0.05% Up to $100,000Your amount 2.00% Over $100,000 0.50% Rate checked
More details - Community First Federal Credit UnionKasasa Saver w/CashSavings · $0 min · 0.05%–2.00% by balance
Credit union · 5 branches
2.00%APY$200 a year on $10,000with conditionsRequirements
Product: Linked to Kasasa Cash checking account.
Offer: Base rate if qualifications are not met.
Qualified rate · Effective Oct 1, 2025
Rate by balance
Rate by balance for Kasasa Saver w/Cash Balance APY Any balance 0.05% Up to $100,000Your amount 2.00% Over $100,000 0.50% Rate checked
More details - 2.00%APY$200 a year on $10,000with conditions
Requirements
Product: Links to Kasasa Cash, Kasasa Cash Back, or Kasasa Tunes checking account. Qualifications during Monthly Qualification Cycle: at least 12 debit card purchases, enrolled in and agree to receive e-Statements, and enrolled in and log into online banking.
Offer: When qualifications in linked checking account are met during Monthly Qualification Cycle.
Qualified rate · Balance cap $100,000 · No monthly fee · Effective Mar 1, 2023
Rate checked
More details - 2.00%APY$200 a year on $10,000intro rate
Requirements
Product: No monthly maintenance fees and no minimum deposit to open.
Offer: Must be New Money and deposited into the High Yield Savings Account. \u201cNew Money\u201d is defined as money not on deposit with Credit Union 1 within the last 12 months and transferred in from a different financial institution (no Credit Union 1 to Credit Union 1 balance transfers allowed at any time). Money removed from Credit Union 1, then redeposited within a 12-month period from the withdrawal, will not be eligible for the High Yield Savings Account Rate. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends ($1) and compounded monthly.
Promotional rate · 1.98% interest rate · Compounded monthly · No monthly fee · Effective Oct 1, 2026
Rate checked
More details - 2.00%APY$200 a year on $10,000with conditions
Requirements
Product: Links to Kasasa Cash or Kasasa Cash Back checking account to auto-transfer rewards. No monthly maintenance fee. Limit of 1 account per social security number.
Offer: When qualifications in Kasasa Cash or Kasasa Cash Back are met (at least 12 debit card purchases, enrolled in and agree to receive eStatements, and enrolled in and log into online banking during each Monthly Qualification Cycle).
Qualified rate · 1.98% interest rate · Balance cap $25,000 · No monthly fee
Rate checked
More details - 2.00%APY$200 a year on $10,000with conditions
Requirements
Product: Must be paired with either a Free Kasasa Cash Checking account or a Free Kasasa Cash Back account.
Offer: Qualifying criteria met in linked Kasasa Cash or Kasasa Cash Back account during Monthly Qualification Cycle: at least 12 debit card purchases, enrolled in eStatements, and log in to online banking at least once.
Qualified rate · 1.98% interest rate · No monthly fee
Rate checked
More details - 2.00%APY$200 a year on $10,000with conditions
Requirements
Product: Must have a linked Thrive Rewards Checking or Thrive Cash Back Checking account. Limit of 1 account per primary Social Security Number.
Offer: Applies to daily balances up to and including $100,000 when qualifications in the linked Thrive Rewards Checking or Thrive Cash Back Checking account are met during the Monthly Qualification Cycle (at least 15 debit card transactions of at least $3.00 each, at least 1 direct deposit or ACH transaction, and enrollment in e-statements).
Qualified rate · No monthly fee · Effective Jul 17, 2024
Rate by balance
Rate by balance for Thrive Savings Balance APY Up to $100,000Your amount 2.00% $100,000 and up 0.50%* Rate checked
More details - Tri-County Credit UnionVariable Plus SavingsSavings · $0 min · 1.50%–2.75% by balance
Credit union · 1 branch
2.00%APY$200 a year on $10,000Requirements
Product: Tiered dividend account with multiple levels. Page p15 states $10,000 required to open, while rate schedule sched3 states no minimum balance to open. No below par fee if balance falls below par.
No monthly fee · Effective Jan 2, 2025
Rate by balance
Rate by balance for Variable Plus Savings Balance APY Up to $5,000 1.50% $5,000 – $10,000 1.75% $10,000 – $25,000Your amount 2.00% $25,000 – $50,000 2.25% $50,000 and up 2.75% Rate checked
More details - North Central Area Credit UnionMoney MarketMoney Market · $2,499 min · 0.00%–2.85% by balance
Credit union · 7 branches
1.90%APY$190 a year on $10,000Requirements
Product: Up to 3 free withdrawals or transfers per statement period/month. Must maintain a minimum balance of $1,000 at all times to avoid a $5.00 monthly fee. Rates not available to businesses.
Offer: $5.00 monthly fee if balance falls below $1,000 at any point during the month.
$5 monthly fee · Effective Oct 1, 2024
Rate by balance
Rate by balance for Money Market Balance APY $2,499 and up 0.00% $2,500 and upYour amount 1.90% $25,000 and up 2.15% $50,000 and up 2.40% $100,000 and up 2.60% $250,000 and up 2.85% Rate checked
More details - Route 31Money Market ShareMoney Market Share · $1,000 min · 0.00%–2.20% by balance
Credit union · 2 branches
1.80%APY$180 a year on $10,000Requirements
Product: Minimum $2,500 balance required to earn dividend.
Offer: Minimum $2,500 balance required to earn dividend.
Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Share Balance APY $1,000 – $2,499 0.00% $2,500 – $19,999Your amount 1.80% $20,000 – $49,999 2.00% $50,000 and up 2.20% Rate checked
More details - 1.75%APY$175 a year on $10,000with conditions
Requirements
Product: No branch or call center access with this account. Earn 2.75% APY when you have $1,000+ in monthly Direct Deposit to a FIGFCU Checking account; earn the standard 1.75% APY without the Direct Deposit requirement. No maintenance fees or minimum balance requirement.
Offer: Standard rate without direct deposit requirement.
Qualified rate · No monthly fee
Rate checked
More details - 1.75%APY$175 a year on $10,000with conditions
Requirements
Product: Links to free Kasasa Cash or Kasasa Cash Back checking account.
Qualified rate · Effective Oct 15, 2026
Rate checked
More details - Lake Michigan Credit UnionMax SavingsSavings · $0 min · 0.00%–3.90% by balance
Credit union · 53 branches
1.75%APY$175 a year on $10,000Requirements
Product: Tiered interest rate computed daily and paid quarterly on balances of $100 or more. No minimum balance or deposit required, no monthly fees, and no withdrawal penalties.
0.00% interest rate · No monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Max Savings Balance APY Up to $100 0.00% $100 – $100,000Your amount 1.75% $100,000 – $250,000 2.90% $250,000 – $500,000 3.15% $500,000 – $1,000,000 3.15% $1,000,000 and up 3.90% 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
621 accounts at 213 banks and credit unions · checked Oct 16–22
- Typical
- 0.15%
- Top 10% from
- 1.66%
- 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
- Chief Financial Credit UnionCredit union · 4 branches
- Meijer Credit UnionCredit union · 3 branches