Michigan CD Rates – Updated MI Bank Rates
July 5th, 2007
Updated 3/26/2020
Here some bank CD rates available in Michigan:
| Institution | Term | APY |
|---|---|---|
| FNB of America | 5-year | 1.85% |
| FNB of America | 1-year | 1.55% |
| FNB of Michigan | 18-month | 0.75% |
| Brokered Rates* | 1-year | 1.35% |
| Direct Bank* | 5-year | 1.44% |
| Direct Bank* | 2-year | 1.30% |
| Direct Bank* | 1-year | 1.20% |
7/2007
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.
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*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
Thanks for the info even if the rates aren’t available anymore.
Alex — You are welcome. I wish rates were even half that. :O)
Oh the good ‘ol days. Ha, CDs, eh…well, they’re good for something I guess.