Michigan CD Rates – Updated MI Bank Rates

July 5th, 2007

[UPDATE 4/6/09: This is an old post. The original rate of 6.00% is no longer available. (And hasn’t been for quite some time.)]

[UPDATE 3/30/12:I still see lots of folks visiting this post, so I figured I would provide some updated information. The credit union that was offering that rate is now offering a 1.00% for 5-years. Not so good.]

Here some Other bank and credit union CD rates available in Michigan

Institution Term APY
FNB of America 5-year 1.80%
FNB of America 1-year 0.80%
Citizens Bank 5-year 1.00%
Brokered Rates* 54-month 1.00%
Direct Bank* 4-year 0.90%
Direct Bank* 3-year 0.70%
Direct Bank* 2-year 0.50%

There have been quite a few banks in MI offering brokered CD Rates. That tells me there is some growth going on there which is good. I haven’t found any super great rates available through any of the local banks, so if you know of one, let me know and I will feature it. First National Bank of America had competitive rates. If you are in their area, you may want to drop in and ask about their certificates of deposit.

Our service is tailored to larger portfolios. Mention this post and we’ll give you a special 9 Basis Point Fee. Call Jumbo CD Investments for details at 800-234-4605.

Or visit Best CD Rates for more details about our company.

*These are available through JCDI’s placement services. They underlying banks did not want their CD Rates out in the public realm. Brokered rates are primarily for institutional investors.

-- By +Chris Duncan

7 Responses to “Michigan CD Rates – Updated MI Bank Rates”

  1. Jumbo CD Investments - CD Rates Blog » Best CD Rate Says:

    […] Other posts of interest: IndyMac Bank Michigan CD Rate, 6.00%, 61-Month Golden1 CU […]

  2. Robert Guthrie Says:

    I am looking to invest some money into a long term CD. I am looking to invest 100,000.00 and want the monthly interest directly deposited into my checking account at my Credit Union. What is the best 5 year or 6 year interest at this time??

    Thanks
    Bob Guthrie

  3. ken Says:

    pls; provide jumbo cd rates

  4. ken Says:

    pls; provide me jumbo cd rates

  5. Alexander James Says:

    Thanks for the info even if the rates aren’t available anymore.

  6. Jumbo CA CD Rates Says:

    Alex — You are welcome. I wish rates were even half that. :O)

  7. RC Thompson Says:

    Oh the good ‘ol days. Ha, CDs, eh…well, they’re good for something I guess.

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