Michigan CD Rates – Best Six Month CD Rates, 1 Year CD Rates, 2 Year CD Rates, and 5 Year CD Rates in Michigan | SelectCDRates.com - The Leading Industry Tool to Help You Select and Compare the Best 6 Month, 1 Year, 2 Year, and 5 Year CD Rates, Find rates by individual states, Money Market Account Rates, Savings Account Rates, Money Market Fund Rates, and Tax Exempt Fund Rates

Rates Current as of Friday February 10, 2012

Today's Current Michigan CD Rates
The best Michigan CD rates currently offered. Compare the best Michigan CD rates from the highest CD rates currently being offered.

Today's Current Michigan 6 Month CD Rates. The best Michigan 6 month CD rates. Compare the best Michigan 6 month CD rates.
Bank	APY	Term	Min $ Open
Select Bank www.selectbank.com 616-454-8447	6 Month	1.00%	$1,000.00
Grand River Bank www.grandriverbank.com 888-929-4723	6 Month	1.00%	$1,000.00
Gogebic Range Bank www.gogebicrangebank.com 906-663-4520	6 Month	1.00%	$500.00
Superior National Bank & Trust www.snb-t.com 866-482-0404	6 Month	0.95%	$500.00
Miners State Bank www.msbir.com 877-906-5131	6 Month	0.65%	$1,000.00
First National Bank of Crystal Falls www.bankfnb.com 906-875-4505	6 Month	0.55%	$1,000.00

Today's Current Michigan 1 Year CD Rates. The best Michigan 1 Year CD rates. Compare the best Michigan 1 Year CD rates.
Bank	APY	Term	Min $ Open
Superior National Bank & Trust www.snb-t.com 866-482-0404	15 Month	1.25%	$500.00
Gogebic Range Bank www.gogebicrangebank.com 906-663-4520	1 Year	1.25%	$500.00
Grand River Bank www.grandriverbank.com 888-929-4723	1 Year	1.20%	$1,000.00
Select Bank www.selectbank.com 616-454-8447	1 Year	1.20%	$1,000.00
First National Bank of Crystal Falls www.bankfnb.com 906-875-4505	15 Month	1.15%	$1,000.00
Miners State Bank www.msbir.com 877-906-5131	1 Year	1.05%	$1,000.00

Today's Current Michigan 2 Year CD Rates. The best Michigan 2 Year CD rates. Compare the best Michigan 2 Year CD rates.
Bank	APY	Term	Min $ Open
mBank www.bankmbank.com 888-343-8147	2 Year	1.60%	$250.00
Gogebic Range Bank www.gogebicrangebank.com 906-663-4520	2 Year	1.50%	$500.00
Select Bank www.selectbank.com 616-454-8447	2 Year	1.45%	$1,000.00
Grand River Bank www.grandriverbank.com 888-929-4723	2 Year	1.40%	$1,000.00
Superior National Bank & Trust www.snb-t.com 866-482-0404	25 Month	1.31%	$500.00
Miners State Bank www.msbir.com 877-906-5131	2 Year	1.25%	$1,000.00

Today's Current Michigan 5 Year CD Rates. The best Michigan 5 Year CD rates. Compare the best Michigan 5 Year CD rates.
Bank	APY	Term	Min $ Open
Urban Partnership Bank www.upbnk.com 800-905-7725	5 Year	2.42%	$1,000.00
Eaton Federal Savings Bank www.eatonfed.com 517-543-3880	5 Year	2.32%	$1,000.00
First National Bank of America www.fnba.com 800-968-3626	5 Year	2.30%	$10,000.00
Select Bank www.selectbank.com 616-454-8447	5 Year	2.25%	$1,000.00
Gogebic Range Bank www.gogebicrangebank.com 906-663-4520	5 Year	2.25%	$500.00
mBank www.bankmbank.com 888-343-8147	5 Year	2.25%	$250.00

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Bank Certificate of Deposit Rates June 14, 2010

Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten

CD Interest Rates August 8th, 2011

Bank rates fell…….through the floor this week. Fortunately, the full impact was not absorbed in CD interest rates although, in the coming days bank CD rates are sure to drop further. The European debt crisis not only refused to go away but appears to be bigger than ever. The combination of more problems with European

Annual Percentage Yield (APY)

Annual Percentage Yield (APY) is the term used to express the annual rate of interest on an investment that takes into account the effect of compounding. Normally an investment is sold on the basis of a Nominal Interest Rate, but the nominal rate does not take into account the effect of earning interest

Michigan CD Rate Updates

Michigan CD Rates for the week of June 5, 2009

Midterm CD rates in Michigan, the one year and two year terms, were unchanged for the week while the short term and long term CD rates slumped. The average of the best six month CD rates fell nine basis points or 9/100 of a percent to end the week at 2.04%. The one year CD [...]

The Best Michigan CD Rates for the week of May 29, 2009

The best CD rates in Michigan increased slightly on average with the gains mostly in the bottom of the rate tables with the highest CD rates for each term reaming unchanged. The best six month CD rate was unchanged at 2.30% and is promoted by New Liberty Bank. Peoples State Bank follows with a seven [...]

Michigan CD Rates Updated May 8, 2009

The best Michigan CD rates experienced only slight changes for the week ending May 8, 2009. The five year CD rates gained a little ground while the two year CD rates lost some; these changes were the equivalent of a few basis points or 3/100 of a percent. The best six month CD rate in [...]

Banking & CD FAQs

I just took a job teaching at a university that has a credit union and have been urged to join. What are the benefits for me?

Credit Unions don’t have the full range of services that a bank may have, but that’s a good thing. By having lower costs credit unions are able to charge lower rates for loans and pay higher rates on deposits. If you are thinking of buying a home or a car in your new

What should someone invest his or her short-term savings in?

Short term savings should be liquid, which means they should be easily turned into cash. Short-term savings should be secure and not be subject to the loss of principal. To meet these requirements the best products are FDIC insured bank products such as money market deposit accounts, short term CDS, and savings accounts

If a person is added to someone’s checking account are they both responsible for an overdraft?

Yes both parties will be responsible.

I wrote a check for $250, but the bank posted it as $2,500. The bank told me to get the money from the other party. Is this correct?

No. This appears to be a check posting error. The bank must correct it. You should notify your bank so it can investigate the error. The bank may require you to complete an affidavit. The time period for this prompt notification may vary by bank and State. deposit account agreement specifies

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