Highest Savings Account Interest Rates in Michigan June 2011
Now that it’s a new month, it is a great time to re-examine current savings account rates in Michigan. Rates fluctuate often, so regularly researching rates in your area will ensure you’re still getting the most out of your savings account as possible. Take a look at the following top rates in the state and find out if you’re missing out on a great rate.
Today’s Michigan Savings Rates
In order to better understand current savings rate trends in your area, here’s a breakdown of interest rates presently available:
Currently, there are a total of 50 savings accounts available within Michigan. The best rate we have on record is 0.75% APY, while at the bottom is a savings interest rate of 0.05% APY. All of these accounts average to a rate of 0.25% APY.
Current Best Savings Account Interest Rates in Michigan
The following are the local Michigan banks and credit unions that are currently offering the highest interest rates on savings accounts:
- Northwest Consumers Credit Union: 0.75%
- Michigan Coastal 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 6/3/11 but are subject to change at any time. Please check with individual financial institutions to verify rates are current before opening an account.
