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 of 105 results in Michigan
- First National Bank of AmericaHigh Yield Savings PromotionSavings · $1,000 min · 3.86%–4.20% by balance
Bank · 3 branches
4.20%APY$420 a year on $10,000intro rateRequirements
Product: Promotional rate available to new accounts only for the first 6 months from date of account opening on new money (funds deposited from external source not held at FNBA within the last 30 days). Tiered variable-rate account. After promotion period ends, Platinum HYSA rates apply. Entire balance earns the applicable tier rate.
Offer: Promotional rate applies to all balances for the first 6 months when bringing new money to FNBA.
Promotional rate · 4.12% interest rate · Effective Oct 9, 2026
Rate by balance
Rate by balance for High Yield Savings Promotion Balance APY Any balanceYour amount 4.20% Over $250,000 3.86% 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 - 3.60%APY$360 a year on $10,000intro rate
Requirements
Product: Promotional rate available to new accounts only for the first 6 months from date of account opening on new money (funds deposited from external source not held at FNBA within the last 30 days). Tiered variable-rate account. After promotion period ends, Platinum HYSA rates apply. Entire balance earns the applicable tier rate.
Offer: Promotional rate tier for balances $250,000 or Less. Entire balance earns the applicable tier rate.
Promotional rate · 3.54% interest rate · Balance cap $250,000 · Effective Oct 9, 2026
Rate checked
More details - 3.50%APY$350 a year on $10,000
Requirements
Product: Only available in Florida ZIP Codes.
Offer: Available to Florida Residents only. Rates may change at any time after account is opened. Account fees may reduce earnings.
3.56% interest rate · Effective Oct 8, 2026
Rate checked
More details - Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.06%–3.25% by balance
Bank · 287 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 30, 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 30, 2026
Rate checked
More details - Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.02%–3.15% by balance
Bank · 287 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 30, 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 National Bank of AmericaPlatinum High Yield SavingsSavings · $1,000 min · 3.00%–3.51% by balance
Bank · 3 branches
3.00%APY$300 a year on $10,000Requirements
Product: Tiered, variable-rate savings account available to new FNBA customers with a minimum opening deposit of $1,000. Existing FNBA customers can convert their standard HYSA to Platinum HYSA by depositing a one-time lump sum of $20,000 of new money by December 31, 2026. Entire balance earns tier rate. $10 monthly service fee assessed if a minimum balance of $1,000 is not maintained.
Offer: Rate for account balances up to $250,000. Entire balance earns tier rate. $10 monthly service fee if balance falls below $1,000.
$10 monthly fee · Effective Oct 9, 2026
Rate by balance
Rate by balance for Platinum High Yield Savings Balance APY Up to $250,000Your amount 3.00% Over $250,000 3.51% 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 30, 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 - West Shore BankShoreline Companion SavingsSavings · $50 min · 0.50%–3.00% by balance
Bank · 9 branches
3.00%APY$300 a year on $10,000with conditionsRequirements
Product: Must be linked to a Shoreline High Yield Checking or Shoreline Cash Back Checking account in the name of the same customer. Limit of 1 account per social security number.
Offer: Earned when Monthly Qualification Cycle requirements are met in linked Shoreline High Yield or Cash Back Checking (at least 12 debit card purchases, at least 1 ACH credit or payment transaction, and enrolled in eStatements).
Qualified rate · No monthly fee · Effective Feb 24, 2026
Rate by balance
Rate by balance for Shoreline Companion Savings Balance APY Up to $100,000Your amount 3.00% $100,000 and up 0.50% Rate checked
More details - 2.50%APY$250 a year on $10,000with conditions
Requirements
Product: Paired with Real Cash Back Checking. Subject to credit approval. Qualification requirements shared from qualification cycle.
Offer: When qualifications are met on Real Cash Back Checking account during a Monthly Qualification Cycle. Rate paid on portion of daily balances below $15,000.01.
Qualified rate · 2.47% interest rate · Effective Jun 1, 2026
Rate by part of balance
Rate by balance for Real Cash Back Savings Balance APY Up to $15,000 2.50% Over $15,000APY ranges from 0.33% to 2.50% depending on balance. 0.01% Each rate is paid on the part of the balance in its range.
Rate checked
More details - 2.50%APY$250 a year on $10,000with conditions
Requirements
Product: Paired with Real Rewards Checking. Requires eStatements, Direct Deposit, and 10 debit transactions posted and cleared per qualification cycle to earn qualified rates. Subject to credit approval.
Offer: When qualifications are met on Real Rewards Checking during qualification cycle (eStatements, Direct Deposit, 10 debit transactions posted and cleared). Rate paid on portion of daily balances below $50,000.01.
Qualified rate · 2.47% interest rate · Effective Jun 1, 2026
Rate by part of balance
Rate by balance for Real Saver Savings Balance APY Up to $50,000 2.50% Over $50,000When qualifications are met on Real Rewards Checking during qualification cycle. APY ranges from 0.84% to 2.50% depending on balance. 0.01% Each rate is paid on the part of the balance in its range.
Rate checked
More details - 2.50%APY$250 a year on $10,000
Requirements
Product: Available to Michigan residents. New money only — new accounts may not be funded with existing Honor Bank funds. Rates variable and subject to change at any time without notice. Tier rate applies to the entire account balance. $100 minimum balance required to avoid a $5.00 monthly maintenance fee.
Offer: New money only. Rate applies to entire account balance. Variable rate. $100 minimum balance required to avoid $5.00 monthly maintenance fee.
$5 monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Little Traverse Savings Balance APY Up to $10,000 0.30% $10,000 – $100,000Your amount 2.50% $100,000 – $250,000 3.50% $250,000 – $1,000,000 3.75% $1,000,000 and up 4.00% Rate checked
More details - First National Bank of AmericaStandard High Yield SavingsSavings · $1,000 min · 2.50%–3.51% by balance
Bank · 3 branches
2.50%APY$250 a year on $10,000Requirements
Product: Tiered, variable-rate account with a minimum opening deposit of $1,000. $10 monthly service fee assessed if a minimum balance of $1,000 is not maintained.
Offer: Balances up to $50,000 earn 2.50% APY.
$10 monthly fee · Effective Nov 6, 2026
Rate by balance
Rate by balance for Standard High Yield Savings Balance APY Up to $50,000Your amount 2.50% $50,000 – $250,000 3.00% Over $250,000 3.51% Rate checked
More details - Honor BankBayfront Money MarketBayfront Money Market · $5,000 min · 0.30%–3.30% by balance
Bank · 8 branches
2.40%APY$240 a year on $10,000intro rateRequirements
Product: $5,000 minimum to open – business or personal new money. $25.00 monthly maintenance fee if balance falls below $5,000 at any point during statement period. Free eStatements, eNotices, Online Banking & Bill Pay and Mobile Banking. $4 monthly paper statement fee waived with enrollment in e-Statements. Limits certain types of withdrawals/transfers to 6 per cycle; $10 fee for each item over first 6 transactions.
Offer: Funded with new money. $25 monthly maintenance fee if balance falls below $5,000 during statement period.
Promotional rate · $25 monthly fee · Effective Dec 12, 2025
Rate by balance
Rate by balance for Bayfront Money Market Balance APY Up to $10,000 0.30% $10,000 – $100,000Your amount 2.40% $100,000 – $250,000 2.80% $250,000 – $1,000,000 3.05% $1,000,000 and up 3.30% 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
106 accounts at 42 banks and credit unions · checked Nov 5–7
- Typical
- 0.25%
- Top 10% from
- 2.50%
- Banks, typical
- 0.25%
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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
- Great Lakes First Federal Credit UnionCredit union · 2 branches
- Dow Credit UnionCredit union · 2 branches