Best Michigan Savings Account Rates: May 2011
If your goal is to get the highest savings rate in Michigan possible, you’ll need to regularly do research into where the top rates can be found. Since interest rates change regularly, sometimes on a daily basis, it’s important to check rates often and not just when you open your account.
Current Savings Interest Rates in Michigan
In order to better understand current savings rate trends in your area, here’s a breakdown of interest rates presently available:
Number of Accounts: 6
Highest Rate: 1% APY
Lowest Rate: 0.05% APY
Where to Find the Highest Michigan Savings Account Rates
The following are the local Michigan banks and credit unions that are currently offering the highest interest rates on savings accounts:
- Michigan Coastal Credit Union: 1%
- Northwest Consumers Credit Union: 0.75%
- Thunder Bay Area Credit Union: 0.55%
- Communications Family Credit Union: 0.5%
- First General Credit Union - Michigan: 0.5%
The above rates are accurate as of 5/5/11 but are subject to change at any time. Please check with individual financial institutions to verify rates are current before opening an account.
