Compare Bank & Credit Union Rates
Best high-yield savings rates
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 1–15 results in Detroit, MI metro
- Ignite Credit UnionAmped Savings AccountSavings · $0 min · 0.01%–5.00% by balance
Credit union · 1 branch
5.00%APY$500 a year on $10,000with conditionsRequirements
Product: Requires an active Amped Checking account meeting monthly requirements and an active loan in good standing. If criteria for Amped Checking are not met, account earns 0.01% APY.
Offer: Variable rate. Compounded and credited monthly. Calculated using average daily balance method.
Qualified rate · 4.89% interest rate · No monthly fee · Effective Jul 3, 2026
Rate by balance
Rate by balance for Amped Savings Account Balance APY Up to $25,000Your amount 5.00% Over $25,000 0.01% Rate checked
More details - 4.00%APY$400 a year on $10,000intro rate
Requirements
Product: Personal accounts only. $5 monthly maintenance charge waived with at least a $300 average daily collected balance, or by maintaining a Flagstar personal checking relationship, or if the primary account owner is 24 years of age or younger.
Offer: Standard non-promotional rate applies to balances under $10,000 ($0.01 or greater). $5 monthly maintenance fee waived if average daily collected balance is at least $300, or with an owner relationship on a Flagstar personal checking account with a balance of at least $0.01, or if primary account owner is 24 or younger.
Promotional rate · $5 monthly fee · Effective Oct 17, 2026
Rate by balance
Rate by balance for Flagstar Ready Savings Balance APY Up to $10,000 0.05% $10,000 and upYour amountMust be a new personal savings client and deposit new money. $1 minimum opening deposit. Reverts to standard non-promotional rate after 180 days. Early account closure fee may apply if closed within 180 days. 4.00% Rate checked
More details - 3.75%APY$375 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: Requires account activity to meet Advantage Plus Rewards qualifications and a daily balance of $10,000 or above.
Qualified rate · No monthly fee · Effective Oct 1, 2026
Rate checked
More details - 3.75%APY$375 a year on $10,000
Requirements
Product: No fee with balances over $1,000.
Offer: Earn up to 3.75% APY. No fee with balances over $1,000.
Rate checked
More details - 3.75%APY$375 a year on $10,000
Requirements
Product: Applicants must have a current U.S. home address (excluding U.S. territories, with the exception of Puerto Rico), a U.S. SSN, a valid U.S. driver's license or state ID, and be 18 years of age or older. Individual and joint ownership offered. Max deposit limit of $1,000,000.
Offer: Variable rate; interest compounded and credited monthly. Must maintain a minimum balance of $0.01 each day to obtain disclosed APY. Initial deposit must be between $1,000 and $250,000 made via internal transfer or external ACH debit.
3.69% interest rate · Balance cap $1,000,000 · No monthly fee · Effective Sep 22, 2026
Rate checked
More details - Chief Financial Credit UnionMoney Market AccountMoney Market Account · $500 min
Credit union · 4 branches
3.65%APY$365 a year on $10,000intro rateRequirements
Product: Membership eligibility is required to open an account. Compounded monthly.
Offer: Variable-rate account; rate may change at any time after account opening. Minimum daily balance of $500 required to obtain stated APY. Members forfeit dividends if account is closed before accrued dividends post.
Promotional rate · 3.59% interest rate · Compounded monthly · Effective Oct 1, 2026
Rate checked
More details - 3.30%APY$330 a year on $10,000intro rate
Requirements
Product: A $1,000.00 minimum daily balance required to earn APY. Accounts that remain at a zero balance for 90 consecutive days will be automatically closed out (no fee for zero balance closure).
Offer: Promotional rate on new money only (funds not currently held on deposit at Credit Union ONE; transfers from existing Credit Union ONE accounts do not qualify). Applied for the first seven months after account opening, after which rate adjusts to current applicable variable APY.
Promotional rate · 3.25% interest rate · Balance cap $250,000 · Effective Sep 1, 2026
Rate checked
More details - Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.06%–3.25% by balance
Bank · 108 branches
3.25%APY$325 a year on $10,000with conditionsRequirements
Product: Monthly maintenance fee of $10 waived with an average daily balance of $2,500 or when you also own a Huntington personal checking account. Minimum opening deposit is $100. Higher relationship rates available when linked with qualifying checking accounts. Rates are specific to ZIP code 43215.
Offer: Promotional Rate with open Private Client Account; requires new money to Huntington. Rate applies to ZIP code 43215.
Qualified rate · 0.06% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Huntington Relationship Savings Balance APY Up to $5,000 0.06% $5,000 – $2,000,001Your amountPromotional Rate with open Huntington Perks Checking account; 3.25% $2,000,001 – $100,000,000,000Bank reserves the right to limit acceptance of deposits greater than $2,000,000.00. 0.06% Rate checked
More details - 3.25%APY$325 a year on $10,000with conditions
Requirements
Product: The minimum aggregate deposit amount for the Promontory Interfinancial Network is $250,000. Rate may change after opening.
Offer: No minimum deposit required to open an ICS account. Minimum aggregate deposit amount for Promontory Interfinancial Network is $250,000.
Qualified rate · 3.25% interest rate · Effective Oct 5, 2026
Rate checked
More details - TRUE Community Credit UnionHigh-Yield Savings AccountSavings · $0 min · 0.05%–3.25% by balance
Credit union · 3 branches
3.25%APY$325 a year on $10,000Requirements
Product: Intended for personal savings purposes. One High-Yield Savings Account per SSN. Available to new and current members. Membership eligibility and account approval required. Deposits are insured up to $250,000 by NCUA, with an additional $250,000 insured by ESI for balances over NCUA limits.
Offer: Applies to balances up to $100,000. No monthly maintenance fees. No minimum balance required to open.
3.20% interest rate · No monthly fee
Rate by balance
Rate by balance for High-Yield Savings Account Balance APY Up to $100,000Your amount 3.25% Over $100,000 0.05% Rate checked
More details - People Driven Credit UnionHigh Yield Money Market AccountHigh Yield Money Market Account · $10,000 min
Credit union · 4 branches
3.25%APY$325 a year on $10,000intro rateRequirements
Product: Rates are variable and may change at any time. Only new funds transferred from external sources qualify for this promotional rate. Requires credit union membership ($5 deposit into Membership Share Savings Account) and membership eligibility (living, working, attending school, or worshiping in Michigan, or eligible family/retiree groups). Federally insured by NCUA.
Offer: New money required to qualify for this rate; only new funds transferred from external sources to the credit union qualify for this promotion.
Promotional rate · 3.20% interest rate · No monthly fee
Rate checked
More details - Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.02%–3.15% by balance
Bank · 108 branches
3.15%APY$315 a year on $10,000with conditionsRequirements
Product: Monthly maintenance fee of $10 waived with an average daily balance of $2,500 or when you also own a Huntington personal checking account. Minimum opening deposit is $100. Higher relationship rates available when linked with qualifying checking accounts. Rates are specific to ZIP code 43215.
Offer: Promotional Rate with open Huntington Perks Checking account; requires new money to Huntington. Rate applies to ZIP code 43215.
Qualified rate · 0.02% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Huntington Relationship Savings Balance APY Up to $5,000 0.02% $5,000 – $2,000,001Your amountNon-Relationship Promotional Rate; 3.15% $2,000,001 – $100,000,000,000Bank reserves the right to limit acceptance of deposits greater than $2,000,000.00. 0.02% Rate checked
More details - First State BankPurpose Money Market AccountPurpose Money Market Account · $1,000 min · 0.01%–4.00% by balance
Bank · 11 branches
3.00%APY$300 a year on $10,000intro rateRequirements
Product: Six debits per month included. $10 monthly service charge if the average monthly balance falls below $10,000. Excess Debit is $10 for each excess debit over 6 per month. Variable rates may change at any time.
Offer: Monthly fee waived if average monthly balance is $10,000 or more.
Promotional rate · 0.01% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Purpose Money Market Account Balance APY Up to $999 0.01% $1,000 – $4,999 2.50% $5,000 – $24,999Your amount 3.00% $25,000 and up 3.50% $50,000 and upAnniversary Money Market Special / Promotional offer. Accurate as of 10/01/2026. Limit one account per Tax ID. Minimum of $50,000 to open and earn APY required. Current customers may transfer up to $10,000 from another First State Bank account, with remaining funds new money to First State Bank. Promotional rate fixed for 90 days from account opening; automatically converts to Purpose Money Market standard rates thereafter. Account must be opened by 12/31/2026. Limit one account transfer offer per tax-reported owner. 4.00% Rate checked
More details - 2.75%APY$275 a year on $10,000with conditions
Requirements
Product: High-yield savings account. Earn 2.75% APY when qualifying requirements for Boost Checking are met each month (direct deposit/ACH credit of at least $900 into membership account, enrollment in e-statements, and 25 posted debit/credit card transactions under the same membership number). Pays 0.01% APY when requirements are not met. Limit one Boost Savings account per membership. Business accounts do not qualify.
Offer: When all requirements are met in Boost Checking
Qualified rate · No monthly fee
Rate checked
More details - Michigan First Credit UnionSavingsPlus AccountSavings · $1 min · 0.25%–10.47% by balance
Credit union · 21 branches
2.27%APY$227 a year on $10,000with conditionsRequirements
Product: Must be 18 or older to open an account (ages 13-17 can open with a parent or guardian). A $100 aggregate balance must be maintained across all Michigan First accounts after the first 3 months of membership to avoid a monthly minimum balance fee.
Offer: Bonus dividend rate requires: enrolled in e-statements for both account and credit card statements; maintain a Premier Checking Account; perform no more than 2 in-person and/or mail-in transactions a month; maintain a minimum of $400 monthly direct deposit; and either use Debit Card 10+ times/month for signature/PIN purchases or Rewards Credit Card 12+ times/month for merchant purchases.
Qualified rate · 10.00% interest rate · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for SavingsPlus Account Balance APY Up to $5,000 10.47% $5,000 and upApplies when bonus dividend qualifications are not met. 0.25% $5,001 – $99,999Your amount 2.27% $100,000 and up 3.04% 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 Detroit, MI metro
228 accounts at 80 banks and credit unions · checked Oct 16–22
- Typical
- 0.10%
- Top 10% from
- 1.43%
- Banks, typical
- 0.07%
- Credit unions, typical
- 0.10%
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Detroit, MI metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Chief Financial Credit UnionCredit union · 4 branches
- Extra Credit UnionCredit union · 2 branches
- Christian Financial Credit UnionCredit union · 12 branches