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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.

Location

Top savings rates

Showing 31–45 results in Michigan

  1. 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 conditions
  2. Top Carrot, Carrot Score 89
    Farmers Insurance Federal Credit UnionOnline SavingsSavings · $0 min

    Credit union · 1 branch

    2.75%APY$275 a year on $10,000with conditions
  3. Top Carrot, Carrot Score 88
    Dort Financial Credit UnionBoost SavingsSavings

    Credit union · 13 branches

    2.75%APY$275 a year on $10,000with conditions
  4. 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 $10,000
  5. Top Carrot, Carrot Score 93
    Directions Credit UnionHigh Yield SavingsSavings · $0 min

    Credit union · 3 branches

    2.43%APY$243 a year on $10,000
  6. Top Carrot, Carrot Score 98
    Dow Credit UnionSimple High Yield DepositSavings · $0 min · 2.42%–3.75% by balance

    Credit union · 2 branches

    2.42%APY$242 a year on $10,000
  7. 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 rate
  8. Top Carrot, Carrot Score 89
    Frankenmuth Credit UnionPlus SavingsSavings · $500 min · 2.34%–2.90% by balance

    Credit union · 32 branches

    2.38%APY$238 a year on $10,000
  9. Michigan First Credit UnionSavingsPlus AccountSavings · $1 min · 0.25%–10.47% by balance

    Credit union · 32 branches

    2.27%APY$227 a year on $10,000with conditions
  10. Top Carrot, Carrot Score 87
    Forest Area Federal Credit UnionMoney MarketMoney Market · $0 min · 0.15%–3.70% by balance

    Credit union · 7 branches

    2.27%APY$227 a year on $10,000
  11. Top Carrot, Carrot Score 89
    Frankenmuth Credit UnionSave to Win Savings AccountSavings · $25 min

    Credit union · 32 branches

    2.25%APY$225 a year on $10,000
  12. Vibe Credit UnionMoney Market AccountMoney Market Account · $0 min · 1.86%–3.02% by balance

    Credit union · 15 branches

    2.11%APY$211 a year on $10,000with conditions
  13. Top Carrot, Carrot Score 89
    Sovita Credit UnionHI-FI AccountSavings · $0 min · 0.05%–2.10% by balance

    Credit union · 5 branches

    2.10%APY$210 a year on $10,000
  14. Top Carrot, Carrot Score 98
    Dow Credit UnionPremium High Yield DepositSavings · $0 min · 2.02%–3.12% by balance

    Credit union · 2 branches

    2.02%APY$202 a year on $10,000
  15. Top Carrot, Carrot Score 87
    Credit Union 1High Yield SavingsSavings · $1 min

    Credit union · 1 branch

    2.00%APY$200 a year on $10,000

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

  1. Settlers Federal Credit UnionCredit union · 2 branches
  2. Chief Financial Credit UnionCredit union · 4 branches
  3. Meijer Credit UnionCredit union · 3 branches
See all ranked institutions

Savings rates by state

Best High-Yield Savings Rates of October 2026 | Carrot Rate