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 31–45 results in Detroit, MI metro
- Michigan First Credit UnionMoney Market AccountMoney Market Account · $1 min · 0.00%–2.53% by balance
Credit union · 21 branches
1.06%APY$106 a year on $10,000Requirements
Product: Members must be 18 years old to open this account. Minimum account aggregate balance of $100 required to avoid additional fee of $3/month.
Offer: Minimum balance to open account and earn advertised APY. Minimum account aggregate balance of $100 required to avoid $3/month fee.
0.00% interest rate · $3 monthly fee
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $2,499 0.00% $2,500 – $4,999 1.06% $5,000 – $24,999Your amount 1.06% $25,000 – $99,000 1.71% $100,000 – $199,999 2.22% $200,000 – $499,999 2.53% $500,000 and up 2.53% Rate checked
More details - University of Michigan Credit UnionMoney Market Savings AccountMoney Market Savings Account · $2,000 min · 0.55%–1.16% by balance
Credit union · 2 branches
1.06%APY$106 a year on $10,000Requirements
Product: Variable rate account. Rate may change after account is opened. Minimum balance of $500.00 required to avoid a $5.00 monthly maintenance fee. Third-party transfers limited to six per month.
Offer: Monthly maintenance fee of $5.00 waived if minimum daily balance of $500 is maintained. Earns monthly interest on balances of $2,000 or more.
0.55% interest rate · $5 monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Savings Account Balance APY $2,000 – $5,000 0.55% $5,000 – $10,000 0.75% $10,000 – $25,000Your amount 1.06% $25,000 and up 1.16% Rate checked
More details - Oxford BankMoney Market AccountMoney Market Account · $1,000 min · 1.05%–2.48% by balance
Bank · 6 branches
1.05%APY$105 a year on $10,000Requirements
Product: Avoid the $10 monthly service fee by maintaining a minimum daily balance of $2,000 or more.
Offer: Balance < $100,000 schedule. Monthly fee waived with $2,000 minimum daily balance.
1.04% interest rate · $10 monthly fee · Effective Feb 11, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $50,000Your amount 1.05% $50,000 – $100,000Tier Low 1.04% Tier High 1.66% APY. 2.28%* $100,000 – $250,000Balance < $500,000 schedule. 1.51% $250,000 – $500,000Tier Low 1.26% Tier High 1.56% APY. Balance < $3,500,000 schedule. 1.87%* $500,000 and up 2.48% Rate checked
More details - 1.03%APY$103 a year on $10,000
Requirements
Product: Only available for new customers or deposits of new funds not currently held with F&M Bank. Limit 1 Direct Savings account per household. $3.00 monthly service charge waived if a $300.00 minimum balance is maintained each day during the month.
Offer: Schedule table rate for balance $0 - $99,999.99. $3.00 monthly service charge waived if $300.00 minimum balance maintained each day.
1.02% interest rate · $3 monthly fee · Effective Sep 1, 2026
Rate by balance
Rate by balance for Direct Savings Balance APY Up to $100,000Your amount 1.03% $100,000 – $250,000 1.13% $250,000 – $500,000 1.34% $500,000 and up 1.46% Rate checked
More details - Lake Michigan Credit UnionMax Money MarketMax Money Market · $0 min · 1.00%–3.90% by balance
Credit union · 8 branches
1.00%APY$100 a year on $10,000Requirements
Product: A member savings account with a $5 minimum balance is required to establish and maintain membership. No minimum deposit and no monthly fees. Includes check-writing access. Interest is accrued daily and paid monthly. Variable rates subject to change after account opening.
1.00% interest rate · No monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Max Money Market Balance APY Up to $2,500 1.00% $2,500 – $10,000 1.00% $10,000 – $25,000Your amount 1.00% $25,000 – $50,000 2.00% $50,000 – $100,000 2.00% $100,000 – $250,000 2.90% $250,000 – $1,000,000 3.15% $1,000,000 and up 3.90% Rate checked
More details - 1.00%APY$100 a year on $10,000with conditions
Requirements
Product: Linked Kasasa Cash or Kasasa Cash Back checking account required. Limit 1 account per Social Security number.
Offer: When qualifications are met on linked Kasasa Cash or Kasasa Cash Back account (at least 12 debit card purchases post and settle, receive eStatements, and log into online banking each monthly qualification cycle).
Qualified rate · 0.99% interest rate · No monthly fee · Effective Oct 1, 2026
Rate checked
More details - 1.00%APY$100 a year on $10,000
Requirements
Product: Deposits can be made by payroll deductions or automatic transfer with the exception of initial deposit. Withdrawals can only be made during the months of May, June, July, and August. Funds will be transferred automatically to your MSUFCU checking or savings account.
Offer: Withdrawals restricted to May, June, July, and August.
Effective Aug 25, 2026
Rate checked
More details - Ukrainian Selfreliance MI FCUMoney Market AccountMoney Market Account · $2,000 min · 1.00%–3.00% by balance
Credit union · 2 branches
1.00%APY$100 a year on $10,000Requirements
Product: $2,000 minimum balance to earn interest.
Offer: $2,000 minimum balance to earn interest.
1.00% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY $2,000 – $20,000Your amount 1.00% $20,000 – $75,000 1.75% $75,000 – $150,000 2.25% $150,000 and up 3.00% Rate checked
More details - Polish-American FCUMoney Market AccountMoney Market Account · $1 min · 0.10%–3.04% by balance
Credit union · 2 branches
1.00%APY$100 a year on $10,000Requirements
Product: Dividends are calculated on daily balance and paid monthly. Requires a $2,500 minimum balance. Deposit accounts insured up to $500,000 (NCUA + ESI).
Effective Oct 5, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $2,499 0.10% $2,500 – $9,999 0.50% $10,000 – $19,999Your amount 1.00% $20,000 – $49,999 1.76% $50,000 – $99,999 2.02% $100,000 and up 3.04% Rate checked
More details - 1.00%APY$100 a year on $10,000
1.00% interest rate · No monthly fee
Rate checked
More details - 1.00%APY$100 a year on $10,000with conditions
Requirements
Product: Must be linked to Kasasa Cash or Kasasa Cash Back account. Requires $1.00 lifetime membership deposit. Limit 1 account per SSN. Requires at least 1 direct deposit, ACH credit, ACH payment, or bill pay transaction, at least 12 debit card purchases, online banking log in, and e-statements per Monthly Qualification Cycle to earn higher rate tiers.
Offer: When linked Kasasa Cash or Kasasa Cash Back qualifications are not met during Monthly Qualification Cycle; applies to all balances.
Qualified rate · 0.05% interest rate · No monthly fee · Effective Nov 3, 2025
Rate by balance
Rate by balance for Kasasa Saver Balance APY Any balance 0.05% Up to $75,000Your amountWhen linked Kasasa Cash or Kasasa Cash Back qualifications are met during Monthly Qualification Cycle. 1.00% Rate checked
More details - 1.00%APY$100 a year on $10,000with conditions
Requirements
Product: Requires a linked free Kasasa Cash or Kasasa Cash Back checking account. Limit 1 account per Social Security Number / Individual Taxpayer Identification Number.
Offer: Applies to daily balances up to $50,000 when monthly qualification cycle requirements are met on linked Kasasa Cash or Kasasa Cash Back account (at least 12 debit card purchases post and settle, enroll in and log into online banking, enroll in and agree to receive eStatements).
Qualified rate · 1.00% interest rate · No monthly fee · Effective Feb 11, 2026
Rate by balance
Rate by balance for Kasasa Saver Balance APY Up to $50,000Your amount 1.00% $50,000 and up 0.35% Rate checked
More details - 0.97%APY$97 a year on $10,000
Requirements
Product: Only available for new customers or deposits of new funds not currently held with F&M Bank. Limit 1 Direct Savings account per household. $3.00 monthly service charge waived if a $300.00 minimum balance is maintained each day during the month.
Offer: Paid on entire balance for daily balance $99,999.99 or less. $3 monthly fee waived on balances of $300 or more.
0.97% interest rate · $3 monthly fee · Effective Jun 10, 2026
Rate by balance
Rate by balance for Direct Savings Balance APY Up to $100,000Your amount 0.97% $100,000 – $250,000 1.08% $250,000 – $500,000 1.29% $500,000 and up 1.41% Rate checked
More details - Wayne Westland Federal Credit UnionStandard Money Market AccountStandard Money Market Account · $2,500 min
Credit union · 1 branch
0.95%APY$95 a year on $10,000Requirements
Product: Dividends paid monthly. No early withdrawal penalties.
Offer: Dividends paid monthly. No early withdrawal penalties.
0.95% interest rate · Effective Oct 1, 2026
Rate checked
More details - 0.92%APY$92 a year on $10,000
Requirements
Product: Only available for new customers or deposits of new funds not currently held with F&M Bank. Limit 1 Direct Savings account per household. $3.00 monthly service charge waived if a $300.00 minimum balance is maintained each day during the month.
Offer: Footnote prose rate for daily balance $99,999.99 or less. $3.00 monthly service charge waived if $300.00 minimum balance maintained each day.
0.92% interest rate · $3 monthly fee · Effective Sep 1, 2026
Rate by balance
Rate by balance for Direct Savings Balance APY Up to $100,000Your amount 0.92% $100,000 – $250,000 1.03% $250,000 – $500,000 1.24% $500,000 and up 1.36% 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