Highest CD Rates in Detroit, Michigan
Yesterday, we looked at the highest CD rates available in San Antonio, Texas. Today, by request, we are looking at the highest CD rates in Detroit, Michigan. Here at Online Banks Blog, we often get questions about various offers or banks and if we can, we try to answer them.
We’ll list offers by terms and rank them by annual percentage yield (APY) and include minimum deposit requirements and other information needed to open the account.
1 Year Term CD Rates in Detroit
For this term, Ally Bank has their national 2.00% APY rate with no minimum deposit required. Citizens First Savings has a 1.72% APY with a low $500 minimum deposit to compete, however. Flagstar has a 1.60% APY with a $500 minimum as well and Dearborn Federal Savings has a 1.10% APY with a $500 minimum deposit requirement.
3 Year Term Highest CD Rates in Detroit
For this term, Flagstar Bank has a 2.75% APY with a $500 minimum deposit requirement and Ally Bank has a 2.70% APY with no minimum deposit required. Citizens First Savings has a 2.52% APY with a $500 minimum and Bank of America has a 2.05% APY with a $1,000 minimum deposit required.
5 Year Term CD Rates in Detroit
Ally Bank has a 3.35% APY for the highest CD rates in this term, with no minimum deposit requirement. Flagstar Bank has a 3.25% APY with a $500 minimum deposit and Citizens First Savings has a 2.96% APY with a $500 minimum as well.
All banks listed are FDIC insured. If any of these highest CD rates in Detroit appeal to you, lock yours in today.
Related Posts:
Comments
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
