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
|FNB of America||5-year||1.80%|
|FNB of America||1-year||0.80%|
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