Long List of 5 Year CDs in Michigan Well Above National Average

There’s quite a large number of local banks and credit unions in the state of Michigan with 5 year CD rates that are beating even the top 5 year online CD rates by quite a significant margin.

So far in 2012, the top 5 year CD rates from online banks have peaked out at 1.80%, however, the top rates in Michigan for this particular term have sat comfortably Read more…

Top CD Rates found at local Michigan Credit Union

Although many of you wont be able to take advantage of this offer, for those of you who live in Michigan, below are some phenomenal CD rates being offered from Settlers Federal Credit Union. Thanks to Tammy (from MI) for forwarding us these rates!

This Michigan based credit union is offering both 6 month CDs and 12 month CDs with APY’s that nearly double the current national average.

Settlers Federal Credit Union History Read more…

Detroit Metropolitan Credit Union offering top savings rate

We were just forwarded an exceptional savings account rate this memorial day weekend. Currently, Detroit Metropolitan Credit Union has a regular savings account with an unheard of APY of 1.51% with a minimum deposit of just $10.00 required. Considering the national average for money market account rates rests between 0.60% and 0.85% APY (depending on your deposit and balance amount) renders this deal from Detroit Metropolitan Credit Union as an extremely Read more…

13 month CD Rate promotion available in Michigan: 1.65% APY

Over the weekend we were forwarded a sweet CD rate promotion available to residents in Michigan (or any member of First General Credit Union). Currently with a minimum deposit of just $1,000 you can open a 13 month CD with a promotional rate of 1.65% APY. To put this offer in perspective the current national average for 12 month CDs sits at just 1.00% APY.

When banks offer promotional CD rates (certificates Read more…

Best CD Rates in Detroit, MI area: Top 3

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Detroit, MI. The institutions we will cover all include the following cities in Michigan: Bloomfield Hills, Auburn Hills, Plymouth, West Bloomfield, Warren, Farmington, Birmingham, Brighton, Pontiac and Macomb. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Detroit as well as the state of Michigan, Read more…