Image Courtesy: pixabay.com
Image Courtesy: pixabay.com
You are viewing rates from banks across Michigan
Below are three-year CD Rates from banks in Michigan. Three-years is an intermediate term for CDs and as the term increases the yield will generally go up as well. Three year CDs are a popular component of many CD ladders and usually offer a good tradeoff between yield and how long you must keep the money locked in.
MI - December 24, 2024
3 Year CD National Average : 0.75% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.25% 3.50% |
$2,500 $2,501 |
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Rate History: 3.70% → 3.40% → 3.75% → 4.00% → 4.25% |
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Jim Doe | Oct 12, 2022 Service has always been satisfactory. They have my complete trust and endorsement. Great bank in my opinion. Read More |
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3.90% |
$1,000 |
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Rate History: 4.85% → 4.75% → 4.65% → 4.36% → 3.90% |
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VINCEMUNIZ@Q.COM | Oct 16, 2020 HAVE BEEN CALLING YOUR MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR RETURN MY PHONE CALLS. WHAT IS HAPPEN? PLEASE ADVISE. THANK YOU, Read More |
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3.76% |
$1,000 |
- |
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Rate History: 3.72% → 3.77% → 3.83% → 3.82% → 3.76% |
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3.65% |
$500 |
- |
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Rate History: 2.50% → 4.00% → 3.65% |
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3.60% |
$0 |
- |
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Rate History: 4.10% → 4.00% → 3.75% → 3.60% |
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highstream | Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More |
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3.60% |
$0 |
- |
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Rate History: 3.25% → 3.60% |
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lrcbob | Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More |
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3.36% |
$1,000 |
- |
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3.10% |
$500 |
- |
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JohnC | Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More |
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3.00% |
$1,000 |
- |
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2.85% |
$5,000 |
- |
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Rate History: 3.10% → 2.85% |
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Dana E. | Mar 20, 2016 Good solid bank. Read More |
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2.50% |
$1,000 |
- |
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Rate History: 4.30% → 0.55% → 5.10% → 0.55% → 2.50% |
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Dkplan | Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More |
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2.00% |
$1,000 |
- |
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pagehelen2@gmail.com | Mar 10, 2021 Northpointe -- my most favorite bank -- held their rate when others dropped -- nice people to deal with -- and -- COURAGE + INTEGRITY. Read More |
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2.00% |
$0 |
- |
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Azoic | Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More |
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2.00% |
$10,000 |
- |
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Rate History: 3.00% → 2.50% → 2.00% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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1.70% |
$1,000 |
- |
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1.55% |
$1,000 |
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Rate History: 2.75% → 2.55% → 1.55% |
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RYAN S | Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More |
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1.51% |
$100,000 |
- |
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1.20% |
$10,000 |
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1.20% |
$500 |
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samcasino | Jan 30, 2021 Sterling hasn't offered a 1% rate for over a year. Best one can do now is .20%. The rates shown on this site are grossly outdated. Read More |
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1.15% |
$10,000 |
- |
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1.11% |
$10,000 |
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1.10% |
$1,000 |
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1.10% |
$10,000 |
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Braden | Feb 1, 2023 Absolutely most horrible experience in my life I opened a large CD when I was living in Dearborn and let the interest accrue for about 6 years I knew how much the interest rate was and how much was in the ... Read More |
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1.05% |
$10,000 |
- |
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1.00% |
$1,000 |
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blueangel | Jan 6, 2020 Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they woul... Read More |
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1.00% |
$10,000 |
- |
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0.90% |
$100,000 |
- |
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0.90% |
$10,000 |
- |
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0.85% |
$1,000 |
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0.85% |
$100,000 |
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0.85% |
$10,000 |
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0.85% |
$10,000 |
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0.80% |
$10,000 |
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0.80% |
$10,000 |
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0.80% |
$10,000 |
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0.80% |
$10,000 |
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0.80% |
$100 |
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0.80% |
$10,000 |
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0.80% |
$10,000 |
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0.80% |
$10,000 |
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0.75% |
$1,000 |
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0.75% |
$10,000 |
- |
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0.70% |
$10,000 |
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0.70% |
$10,000 |
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0.70% |
$10,000 |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.70% |
$10,000 |
- |
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0.67% |
$10,000 |
- |
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0.65% |
$100,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
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0.60% |
$100,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$10,000 |
- |
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0.55% |
$10,000 |
- |
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0.55% |
$10,000 |
- |
Learn More
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0.50% |
$500 |
- |
Learn More
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0.50% |
$500 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
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0.50% |
$10,000 |
- |
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0.45% |
$500 |
- |
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0.45% |
$10,000 |
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0.45% |
$100,000 |
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0.45% |
$10,000 |
- |
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0.45% |
$100,000 |
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Learn More
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me | Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More |
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0.40% |
$10,000 |
- |
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0.40% |
$10,000 |
- |
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0.40% |
$500 |
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0.40% |
$10,000 |
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Learn More
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Savvy | Jul 17, 2020 Terrible experience trying to get a mortgage. I’ve got great credit, have gotten literally dozens of mortgages over the past 40 years. I completed an online application, waited a week and never heard a... Read More |
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0.40% |
$100,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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Gloria Borchman | Jul 3, 2023 My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More |
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$1,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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me | Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More |
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0.35% |
$500 |
- |
Learn More
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0.35% |
$500 |
- |
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0.35% |
$10,000 |
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0.35% |
$10,000 |
- |
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0.35% |
$10,000 |
- |
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0.30% |
$10,000 |
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0.30% |
$10,000 |
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0.30% |
$10,000 |
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Learn More
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jefflockwoodlaw2288@gmail.com | Jul 18, 2021 I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More |
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$1,000 |
- |
Learn More
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0.30% |
$100,000 |
- |
Learn More
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Gloria Borchman | Jul 3, 2023 My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More |
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0.25% |
$10,000 |
- |
Learn More
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J Geiger | Jun 14, 2022 Compliance officer possibly the rudest person ive every spoken with. Polices changing constantly. One week they do what you need the next week they wont. Complete mess. Not the old Thumb National rude and ... Read More |
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0.25% |
$100,000 |
- |
Learn More
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Squittyrules83 | Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More |
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0.20% |
$10,000 |
- |
Learn More
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0.20% |
$500 |
- |
Learn More
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0.20% |
$10,000 |
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Learn More
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Squittyrules83 | Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More |
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0.20% |
$10,000 |
- |
Learn More
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0.15% |
$1 |
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Learn More
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Cory,Baldwin | Oct 18, 2016 IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More |
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0.15% |
$10,000 |
- |
Learn More
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0.15% |
$10,000 |
- |
Learn More
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Rate History: 3.51% → 1.00% → 3.51% → 1.00% → 0.15% |
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Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
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0.10% |
$500 |
- |
Learn More
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Ugg | Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More |
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0.05% |
$2,500 |
- |
Learn More
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Rate History: 0.02% → 0.05% |
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Seeko | Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More |
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0.03% |
$25,000 |
- |
Learn More
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GAM | May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More |
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0.03% |
$100,000 |
- |
Learn More
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Treasure | Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
A three year CD is an intermediate CD, sandwiched between the popular one and five year CD terms. Three year CD generally offer between .30 and .60 percentage points more than a 1 year CD. Currently, their average yield is comparable to the average yield of an online savings account Online savings accounts allow consumers to withdraw money at any time so consumers should consider whether they want to lock their money into a CD when there is little premium versus an online account.
The top 3 year CD rates, as listed on the rate table above, are significantly higher than online or offline savings account rates.
Another factor to consider when opening a 3 year CD is the rate environment. If interest rates are rising, it may not be advisable to lock money away for three years when rates will soon be higher. If rates are falling, and may do so for some time (as they did from 2008 through 2013), then it may make sense to open a 3, 4 or 5 year CD to lock into a higher rate before it drops. To get a sense of where rates might go, check out the BestCashCow rate analysis page.
While conventional wisdom holds that online banks always offer higher rates than branch-based banks, an analysis conducted by BestCashCow in 2012 showed that with longer term CDs (3 years or longer), small community based banks and credit unions can often be just as competitive or not more so. If you prefer to bank in person, then it is possible to get branch service and a high CD rate if you shop around a bit. The tables at the top of this page can provide you the best rates in your area.
All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
Use or Change these Amounts And Rates