Michigan Savings Account Rates and Money Market Account Rates

We searched our savings rate tables and money market rate tables to find the best savings account yields and money market account yields in the state of Michigan. Sallie Mae Bank still has the highest savings account rate on our interest rate lists Detroit, Grand Rapids and every other city in Michigan. The bank's current high yield online savings account rate is 1.39 percent with a savings yield of 1.40 percent. The minimum opening savings account balance is $1

Discover Bank's Online Savings Account and Capital One Bank have the second highest savings account yield on our rate table for MI. Both bank’s are currently offering their savings account rate at 1.34 percent with  a yield 1.35 percent.




American Express Bank has the third highest savings rate and savings account yield. American Express is current offering their High Yield Savings account rate at 1.29 percent with an APY of 1.30 percent. There isn't a minimum balance to open American Express Savings Account.  

Michigan Savings Account Rates and Savings Account Yields



  • Discover Bank 1.35% APY Min $500 

  • Capital One Direct Banking 1.35% APY Min $1000 

  • American Express Bank FSB 1.30% APY Min $ 0 

  • EverBank 1.26% APY Min $ 1 

  • Ally Bank 1.24% APY Min $ 1 

  • Giantbank.com 1.16% APY Min $1000 

  • Nationwide Bank 1.15% APY Min $2000 

  • Zions Bank 1.11% APY Min $2500 

  • ING DIRECT 1.10% APY Min $ 1 

  • HSBC Advance 1.10% APY Min $ 1 

  • Salem Five Direct 1.10% APY Min $ 1 

  • FNBO Direct 1.10% APY Min $ 1 

  • Flagstar Bank 1.06% APY Min $ 1 

  • First Internet Bank of IN 1.00% APY Min $100 

  • EmigrantDirect.com 1.00% APY Min $ 1 

  • National City of the Midwest 1.00% APY Min $

 
Author: Savings Account Rates
October 8th, 2010
Posted in: Savings Accounts