Best Credit Union 3 Year CD Rates in Michigan, MI

You are viewing rates from credit unions across Michigan

Below are three year CD Rates from credit unions 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 23, 2024

3 Year CD National Average : 0.75% ^?

Credit Unions	APY	MIN	MILES ^?
Michigan State University Restrictions	4.55% 4.05%	$100,000 $500	-	Learn More Add Review
American 1 Restrictions	4.35%	$500	-	Learn More Add Review
Covantage Restrictions	4.25%	$1,000	-	Learn More Add Review
First United Restrictions	4.10% 4.00%	$50,000 $500	-	Learn More Add Review
Dow Restrictions	4.00%	$500	-	Learn More Add Review
Rate History: 4.81% → 4.45% → 4.00% → 4.35% → 4.00%
Genisys Restrictions	3.85% 3.80%	$100,000 $500	-	Learn More Add Review
Rate History: 4.03% → 4.09% → 3.85%
Lake Michigan Restrictions	3.50%	$500	-	Learn More Add Review
Rate History: 3.25% → 3.50%
Farmers Insurance Group Restrictions	3.40% 3.25%	$100,000 $1,000	-	Learn More Add Review
Rate History: 3.15% → 3.65% → 3.40%
Unify Financial Restrictions	3.00% 2.85% 2.70%	$100,000 $40,000 $1,000	-	Learn More
dapatton@pacbell.net \| May 12, 2016 19 what, years or months Read More Reviews (1)
United Restrictions	2.65%	$500	-	Learn More Add Review
Everwise Restrictions	2.65%	$500	-	Learn More Add Review
Kenowa Community Restrictions	2.37%	$500	-	Learn More Add Review
Rate History: 2.22% → 2.37%
Wings Financial Restrictions	2.32% 2.27% 2.22% 2.17%	$250,000 $100,000 $10,000 $500	-	Learn More Add Review
New England Restrictions	2.27%	$500	-	Learn More Add Review
Dfcu Financial Restrictions	2.20% 2.00% 1.75%	$100,000 $25,000 $1,000	-	Learn More
Melvin Markwardt \| Oct 7, 2023 Have a problem that ICan not find an answer to in DFCU Financial. Trying to change info from USMail to Internet. They ask for my account number and the only thing I can find is onPurshing note. It is, H25... Read More Reviews (1)
Wildfire Restrictions	1.40%	$100,000	-	Learn More Add Review
West Michigan Restrictions	1.36%	$100,000	-	Learn More Add Review
Jolt	1.36%	$10,000	-	Learn More Add Review
Dort Financial	1.35%	$100,000	-	Learn More Add Review
Elga Restrictions	1.30%	$100,000	-	Learn More Add Review
Country Heritage	1.26%	$10,000	-	Learn More Add Review
Settlers	1.21%	$500	-	Learn More Add Review
Team One Restrictions	1.20%	$10,000	-	Learn More Add Review
Health Advantage Restrictions	1.20%	$10,000	-	Learn More Add Review
Credit Union Advantage Restrictions	1.16%	$100,000	-	Learn More Add Review
Baraga County Restrictions	1.16%	$10,000	-	Learn More Add Review
Wildfire Restrictions	1.15%	$10,000	-	Learn More Add Review
Adventure Restrictions	1.15%	$10,000	-	Learn More Add Review
Zeal Restrictions	1.15%	$100,000	-	Learn More Add Review
Our Restrictions	1.15%	$10,000	-	Learn More Add Review
Bloom Restrictions	1.11%	$100,000	-	Learn More Add Review
Peninsula Restrictions	1.10%	$10,000	-	Learn More Add Review
St. Francis X Restrictions	1.10%	$100,000	-	Learn More Add Review
Alpena-alcona Area Restrictions	1.10%	$10,000	-	Learn More Add Review
Safe Harbor Restrictions	1.10%	$100,000	-	Learn More Add Review
Elga Restrictions	1.10%	$10,000	-	Learn More Add Review
Filer Restrictions	1.06%	$100,000	-	Learn More Add Review
Credit Union Advantage Restrictions	1.06%	$10,000	-	Learn More Add Review
Consumers Professional Restrictions	1.05%	$100,000	-	Learn More Add Review
Tri-county Restrictions	1.05%	$100,000	-	Learn More Add Review
Great Lakes	1.05%	$10,000	-	Learn More Add Review
Preferred Restrictions	1.05%	$10,000	-	Learn More Add Review
Dort Financial	1.05%	$10,000	-	Learn More Add Review
Lafcu Restrictions	1.05%	$100,000	-	Learn More Add Review
Omni Community Restrictions	1.05%	$100,000	-	Learn More Add Review
Kellogg Community Restrictions	1.05%	$100,000	-	Learn More
Betha \| Oct 18, 2021 Disappointed with a car loan I got there. I asked if there was a penalty for prepayment and the loan officer assured me there wasn’t. He didn’t tell me that I was getting a pre-calculated loan ( Rule o... Read More Reviews (1)
Zeal Restrictions	1.05%	$10,000	-	Learn More Add Review
Vibe Restrictions	1.05%	$100,000	-	Learn More Add Review
Christian Financial Restrictions	1.05%	$10,000	-	Learn More Add Review
Delta County Restrictions	1.01%	$10,000	-	Learn More Add Review
Cp Restrictions	1.01%	$10,000	-	Learn More Add Review
Circle Restrictions	1.01%	$10,000	-	Learn More Add Review
4front Restrictions	1.00%	$100,000	-	Learn More Add Review
Embers Restrictions	1.00%	$10,000	-	Learn More Add Review
U.p. State	1.00%	$10,000	-	Learn More Add Review
Iron Mountain Kingsford Community Restrictions	1.00%	$10,000	-	Learn More Add Review
Great Lakes First Restrictions	1.00%	$10,000	-	Learn More Add Review
St. Francis X Restrictions	1.00%	$10,000	-	Learn More Add Review
Northland Area Restrictions	1.00%	$10,000	-	Learn More Add Review
Wexford Community Restrictions	1.00%	$10,000	-	Learn More Add Review
Safe Harbor Restrictions	1.00%	$10,000	-	Learn More Add Review
Community First	1.00%	$10,000	-	Learn More Add Review
Muskegon Co Op Restrictions	1.00%	$10,000	-	Learn More Add Review
Bloom Restrictions	1.00%	$10,000	-	Learn More Add Review
Community West Restrictions	1.00%	$10,000	-	Learn More Add Review
Rivertown Community Restrictions	1.00%	$10,000	-	Learn More Add Review
Michigan First Restrictions	1.00%	$100,000	-	Learn More Add Review
United Financial Restrictions	1.00%	$100,000	-	Learn More Add Review
Security Restrictions	1.00%	$10,000	-	Learn More Add Review
Lenco Restrictions	1.00%	$10,000	-	Learn More Add Review
Vibe Restrictions	1.00%	$10,000	-	Learn More Add Review
Diversified Members Restrictions	1.00%	$10,000	-	Learn More Add Review
Consumers Professional Restrictions	0.95%	$10,000	-	Learn More Add Review
Filer Restrictions	0.95%	$10,000	-	Learn More Add Review
Frankenmuth Restrictions	0.95%	$100,000	-	Learn More Add Review
Financial Plus Restrictions	0.95%	$10,000	-	Learn More Add Review
Lafcu Restrictions	0.95%	$10,000	-	Learn More Add Review
Case Restrictions	0.95%	$10,000	-	Learn More Add Review
Cornerstone Community Financial Restrictions	0.95%	$100,000	-	Learn More Add Review
Integra First Restrictions	0.91%	$500	-	Learn More Add Review
Calcite Restrictions	0.90%	$10,000	-	Learn More Add Review
North Central Area Restrictions	0.90%	$10,000	-	Learn More Add Review
Members First Restrictions	0.90%	$10,000	-	Learn More Add Review
Gerber Restrictions	0.90%	$10,000	-	Learn More Add Review
Frankenmuth Restrictions	0.90%	$10,000	-	Learn More Add Review
Isabella Community Restrictions	0.90%	$10,000	-	Learn More Add Review
River Valley	0.90%	$10,000	-	Learn More Add Review
First General Restrictions	0.90%	$10,000	-	Learn More Add Review
Port City Restrictions	0.90%	$10,000	-	Learn More Add Review
United Financial Restrictions	0.90%	$10,000	-	Learn More Add Review
Family First Restrictions	0.90%	$10,000	-	Learn More Add Review
Pfcu	0.90%	$10,000	-	Learn More Add Review
Michigan Educational Restrictions	0.90%	$10,000	-	Learn More
gdellcdell@aol.com \| Jul 3, 2021 Question, what is the suffix I use when making a deposit? Is it 03? Read More Reviews (1)
Alliance Catholic Restrictions	0.90%	$10,000	-	Learn More Add Review
Cornerstone Community Financial Restrictions	0.90%	$10,000	-	Learn More Add Review
Selfreliance Restrictions	0.90%	$10,000	-	Learn More Add Review
Michigan Schools And Government Restrictions	0.90%	$10,000	-	Learn More
Roger \| Aug 6, 2019 These people are crooks. They make up ways to steal your money through fees. They will short you on your interest. Beware! Read More Reviews (2)
4front Restrictions	0.85%	$1,000	-	Learn More Add Review
Tri-county Restrictions	0.85%	$10,000	-	Learn More Add Review
Soo Co-op Restrictions	0.85%	$10,000	-	Learn More Add Review
West Michigan Restrictions	0.85%	$10,000	-	Learn More Add Review
Family Financial Restrictions	0.85%	$100,000	-	Learn More Add Review
Best Financial Restrictions	0.85%	$10,000	-	Learn More Add Review
Aac Restrictions	0.85%	$10,000	-	Learn More Add Review
Gr Consumers	0.85%	$10,000	-	Learn More Add Review
Michigan First Restrictions	0.85%	$10,000	-	Learn More Add Review
Kent County Restrictions	0.85%	$10,000	-	Learn More Add Review
University Of Michigan Restrictions	0.85%	$100,000	-	Learn More Add Review
Kalsee Restrictions	0.85%	$10,000	-	Learn More Add Review
South Central Restrictions	0.85%	$10,000	-	Learn More Add Review
Intouch Restrictions	0.80%	$1,000	-	Learn More Add Review
Chippewa County Restrictions	0.80%	$10,000	-	Learn More Add Review
Sunrise Family Restrictions	0.80%	$10,000	-	Learn More Add Review
Financialedge Community Restrictions	0.80%	$100,000	-	Learn More Add Review
Harborlight Restrictions	0.80%	$100,000	-	Learn More Add Review
Service 1 Restrictions	0.80%	$10,000	-	Learn More Add Review
Parda Restrictions	0.80%	$10,000	-	Learn More
Renee G \| Mar 3, 2021 I have had a few on line issues over the past 2 days one gets corrected to have another creep up. I have talked to Nicole lots of times over the past few years, Tiffany yesterday and Yvette today. All 3 ... Read More Reviews (1)
Omni Community Restrictions	0.80%	$10,000	-	Learn More Add Review
Kellogg Community Restrictions	0.80%	$10,000	-	Learn More
Betha \| Oct 18, 2021 Disappointed with a car loan I got there. I asked if there was a penalty for prepayment and the loan officer assured me there wasn’t. He didn’t tell me that I was getting a pre-calculated loan ( Rule o... Read More Reviews (1)
Directions Restrictions	0.80%	$10,000	-	Learn More Add Review
Extra Restrictions	0.80%	$10,000	-	Learn More Add Review
Marquette Community Restrictions	0.75%	$10,000	-	Learn More Add Review
Trunorth Restrictions	0.75%	$10,000	-	Learn More Add Review
Traverse Catholic	0.75%	$10,000	-	Learn More Add Review
Credit Union One Restrictions	0.75%	$100,000	-	Learn More Add Review
Forest Area Restrictions	0.75%	$10,000	-	Learn More Add Review
Compass	0.75%	$10,000	-	Learn More Add Review
Family Financial Restrictions	0.75%	$10,000	-	Learn More Add Review
Copoco Community Restrictions	0.75%	$10,000	-	Learn More Add Review
Wanigas Restrictions	0.75%	$10,000	-	Learn More Add Review
Harborlight Restrictions	0.75%	$10,000	-	Learn More Add Review
Muskegon Restrictions	0.75%	$10,000	-	Learn More Add Review
Community Choice Restrictions	0.75%	$10,000	-	Learn More Add Review
First Area Restrictions	0.75%	$10,000	-	Learn More Add Review
University Of Michigan Restrictions	0.75%	$10,000	-	Learn More Add Review
Astera Restrictions	0.75%	$10,000	-	Learn More Add Review
Tlc Community Restrictions	0.75%	$10,000	-	Learn More
Deborah y \| Jun 9, 2019 Vacation funds for Read More Reviews (2)
Consumers Restrictions	0.74%	$100,000	-	Learn More Add Review
Loc Restrictions	0.70%	$500	-	Learn More Add Review
Financialedge Community Restrictions	0.70%	$10,000	-	Learn More Add Review
Lake Trust Restrictions	0.70%	$10,000	-	Learn More Add Review
Arbor Financial Restrictions	0.70%	$100,000	-	Learn More Add Review
Lake Huron Restrictions	0.70%	$10,000	-	Learn More Add Review
Marshall Community Restrictions	0.70%	$100,000	-	Learn More Add Review
Consumers Restrictions	0.69%	$10,000	-	Learn More Add Review
Honor Restrictions	0.65%	$10,000	-	Learn More Add Review
Awakon Restrictions	0.65%	$10,000	-	Learn More Add Review
United Bay Community Restrictions	0.65%	$10,000	-	Learn More Add Review
Straits Area Restrictions	0.60%	$10,000	-	Learn More Add Review
Credit Union One Restrictions	0.60%	$10,000	-	Learn More Add Review
Blueox Restrictions	0.60%	$10,000	-	Learn More Add Review
Marshall Community Restrictions	0.60%	$10,000	-	Learn More Add Review
Tba Restrictions	0.55%	$10,000	-	Learn More Add Review
Greenstate Restrictions	0.50%	$500	-	Learn More
Slynyrd \| Nov 11, 2022 It would be great to hear back from someone regarding my bump-up rate currently available, BEFORE 18 days has passed. Still waiting. Read More Reviews (2)
Public Service Restrictions	0.48%	$100,000	-	Learn More Add Review
Michigan One Community Restrictions	0.45%	$10,000	-	Learn More Add Review
People Driven Restrictions	0.45%	$100,000	-	Learn More Add Review
Catholic Vantage Financial	0.45%	$10,000	-	Learn More Add Review
Public Service Restrictions	0.44%	$10,000	-	Learn More Add Review
Arbor Financial Restrictions	0.40%	$10,000	-	Learn More Add Review
People Driven Restrictions	0.40%	$10,000	-	Learn More Add Review
Advia Restrictions	0.35%	$10,000	-	Learn More
justjan711 \| Dec 9, 2018 I have been a member of this credit union for more than 40 years. Over time it has had many changes but the worst one they did was to hire the man that is the manager of the Cranston Road Branch. He is c... Read More Reviews (2)
Aeroquip Restrictions	0.30%	$1,000	-	Learn More Add Review
Meijer Restrictions	0.30%	$500	-	Learn More
Akoetje \| Jan 24, 2020 It is not available online. Simply call the main branch at 616.784.4822 and they will send one in the mail or over email. Cutoff time for domestic wire is 4pm and international is 11am. Flat $25 fee Read More Reviews (8)
Edu Restrictions	0.25%	$500	-	Learn More Add Review
Lake Superior	0.25%	$10,000	-	Learn More Add Review
Dowagiac Area	0.25%	$10,000	-	Learn More Add Review
Community Financial Restrictions	0.10%	$10,000	-	Learn More Add Review

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

See rates for Online Banks →

See rates for Local Banks →

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2024

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties.

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your money over time.

SAVINGS & CD CALCULATOR

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Credit Union CD Rates – 3-Year – Michigan

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2024

NCUA Insurance

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

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