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Bank Michigan

Deposit Rates

Deposit & Money Market Account Rates

At Bank Michigan, we believe the best way to secure your future is to prepare for it. Our variety of deposit accounts can help you do just that. From money markets to IRAs, we offer products and services that can help you meet your goals and take care of life's unexpected surprises. View and compare our competitive rates below. Together, we can grow your money safely.

Savings Account ^**
Minimum Balance to Open - $10.00

Minimum Balance Required to Obtain APY	Interest Rate	APY
$200	0.10%	0.10%

Health Savings Account (HSA) ^**
Minimum Balance to Open - $50.00

Balance Range to Obtain APY	Interest Rate	APY
$1 - $2,499.99 $2,500.00 and up	0.05% 0.10%	0.05% 0.10%

50 or Better Checking ^**
Minimum Balance to Open - $50.00

Balance Range to Obtain APY	Interest Rate	APY
$0.01 and up	0.15%	0.15%

High Interest Platinum Checking ^**
Minimum Balance to Open - $50.00

Balance Range to Obtain APY	Interest Rate	APY
up to $1,499.99 $1,500.00 and up	0.05% 0.25%	0.05% 0.25%

Money Market Investments (MMI) ^**
Minimum Balance to Open - $2,500.00

Balance Range to Obtain APY	Interest Rate	APY
up to $2,499.99 $2,500.00 - $9,999.99 $10,000.00 - $49,999.99 $50,000.00 - $99,999.99 $100,000.00 - $249,999.99 $250,000.00 and up	No Interest 0.10% 1.00% 1.50% 1.50% 1.50%	No Interest 0.10% 1.00% 1.51% 1.51% 1.51%

Premier Money Market Investments (MMI) ^**

Balance Range to Obtain APY	Interest Rate	APY
$25,000.00 - $249,999.99 $250,000.00 - $749,999.99 $750,000.00 - $999,999.99 $1,000,000.00 and up	2.23% 2.72% 3.20% 4.17%	2.25% 2.75% 3.25% 4.25%

Business Money Market Investments (MMI) ^**
Minimum Balance to Open - $10,000.00

Balance Range to Obtain APY	Interest Rate	APY
up to $2,499.99 $2,500.00 - $9,999.99 $10,000.00 - $99,999.99 $100,000.00 - $199,999.99 $200,000.00 - $299,999.99 $300,000.00 and up	No Interest 0.05% 0.50% 1.00% 1.49% 1.98%	No Interest 0.05% 0.50% 1.00% 1.50% 2.00%

Business Interest Checking ^**
Minimum Balance to Open - $50.00

Balance Range to Obtain APY	Interest Rate	APY
up to $1,499.99 $1,500.00 and up	0.10% 0.25%	0.10% 0.25%

Premier Business Checking ^**
Minimum Balance to Open - $100,000.00

Balance Range to Obtain APY	Interest Rate	APY
up to $500,000.00 $500,000.01 - $1,000,000.00 $1,000,000.01 - $5,000,000.00 $5,000,000.01 and up	No Interest 0.25% 0.25% 0.25%	No Interest 0.25% 0.25% 0.25%

Public Funds Money Market Investments (MMI) ^**
Minimum Balance to Open - $50.00

Balance Range to Obtain APY	Interest Rate	APY
up to $9,999.99 $10,000.00 - $49,999.99 $50,000.00 - $99,999.99 $100,000.00 and up	No Interest 0.10% 0.15% 0.25%	No Interest 0.10% 0.15% 0.25%

Public Funds Interest Checking ^**
Minimum Balance to Open - $50.00

Balance Range to Obtain APY	Interest Rate	APY
up to $2,499.99 $2,500.00-9,999.99 $10,000.00 and up	0.05% 0.10% 0.15%	0.05% 0.10% 0.15%

Public Funds Savings ^**
Minimum Balance to Open - $10.00

Balance Range to Obtain APY	Interest Rate	APY
$200	3.45%	3.51%

ICS Public Funds Savings ^**
Minimum Balance to Open - $10.00

Balance Range to Obtain APY	Interest Rate	APY
$200	2.72%	2.75%

^** The interest rate and annual percentage yield may change after account opening. Fee could reduce the earnings on the account.

Interest Rates and Annual Percentage Yields are current as of 12.30.2024. For current rate information call (517) 592-3205.

Are you ready to start saving? Stop by your nearest branch to meet our team. They can explain the features of our investment accounts so you can choose the one that’s best for you. Can’t make it to the bank? Contact us online to learn more.