Today’s Savings Account Interest Rates in Michigan
April 26, 2011
If one of your goals this year is to save money, why not start with where you deposit your money? A good savings account rate can help you earn a little bit of interest every day, which after time can amount to big savings. Savings account rates change all the time, so let’s take a look at what rates are currently available within your state.
Current Michigan Savings Rates
Michigan Banking Rates collects up-to-date rates information from banks and credit unions within the entire state. Savings rates in Michigan are apt to fluctuate from month to month, so it’s a good idea to check rates information frequently.Number of Savings Accounts Availabe in Michigan
As of April 25, 2011, Michigan Banking Rates records a total of 6 savings accounts available in Michigan.
Highest Michigan Savings Rate
Now, let’s look at the best rates available in your area. Out of these accounts, the highest possible rate in our database you can obtain is 1% APY.
Lowest Rate for Savings Accounts
Just to do a little comparison, let’s look at what the lowest savings rate is in Michigan. We’ve found that the lowest savings rate available to date is 0.05% APY.
Average Savings Interest Rate in Michigan
Let’s say you wanted to compare these numbers to what savings rates a year ago. That would mean you’d have to look at the average in Michigan. 0.2% APY is the average as of today.
The Best Michigan Savings Interest Rates
Now for the best part. Let’s take a look at who’ s offering the very best savings account rates in Michigan.
- Michigan Coastal Credit Union: 1%
- Northwest Consumers Credit Union: 0.75%
- Thunder Bay Area Credit Union: 0.55%
Please note the above rates are accurate as of the publish date, but are subject to change at any time at the discretion of the financial institutions.
