Mayville State Bank savings, CD and money market rates
Mayville State Bank advertises 0.02% APY on its Passbook Savings Account. That is 0.35 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #2688 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2608.
Estimate your earnings·What Mayville State Bank actually pays
Mayville State Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.02% · Passbook Savings Account |
| Minimum to open | not stated · Passbook Savings Account |
| Against the national average | 0.35 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.55% · 4 months · CD Special - 4 Month |
| Minimum to open | $1,000 · 4 months CD |
| Against the national average | 2.42 percentage points above the 1.13% FDIC 3-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | Up to 1.50% · Money Market Deposit Account · needs at least $100,000 |
| Minimum to open | $2,500 · Money Market Deposit Account |
| Against the national average | 0.87 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 12899 · Mayville, MI |
|---|---|
| Website | www.mayvillestatebank.com |
| Branches | 2 branches in MI |
| Availability | Available in MI |
Mayville State Bank savings, CD and money market rates
Personal
How the rate applies
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Mayville State Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| not stated | 0.15% | $2,500 | Certificate of Deposit - 7 - 31 Day |
| 1 months | 0.15% | $1,000 | Certificate of Deposit - 32 Day |
| 3-5 months | 0.15% | $1,000 | Certificate of Deposit - 3 - 5 Month |
| 4 months | 3.55% | $1,000 | CD Special - 4 Month |
| 6-11 months | 0.25% | $1,000 | Certificate of Deposit - 6 - 11 Month |
| 7 months | 3.45% | $1,000 | CD Special - 7 Month |
| 12-17 months | 0.40% | $1,000 | Certificate of Deposit - 12 - 17 Month |
| 13 months | 3.30% | $1,000 | CD Special - 13 Month |
| 18-23 months | 0.40% | $1,000 | Certificate of Deposit - 18 - 23 Month |
| 24-29 months | 0.60% | $1,000 | Certificate of Deposit - 24 - 29 Month |
| 30-35 months | 0.60% | $1,000 | Certificate of Deposit - 30 - 35 Month |
| 36-47 months | 0.85% | $1,000 | Certificate of Deposit - 36 - 47 Month |
| 48-59 months | 0.95% | $1,000 | Certificate of Deposit - 48 - 59 Month |
| 60 months | 1.00% | $1,000 | Certificate of Deposit - 60 Month |
| IRA CDs | |||
| 12 months | 1.00% | $100 | IRA Variable Certificate |
Interactive Tool
Calculate Savings for Mayville State Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$37.30(0.3%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,037.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Mayville State Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Mayville State Bank paid a higher average rate on savings and money market deposits than 2% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Mayville State Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Health Savings Account | 0.10% | not stated | $0 | None | not stated | not stated | One rate | |
| Passbook Savings Account | 0.02% | not stated | $0 | None | not stated | not stated | One rate | |
| Statement Savings Account | 0.02% | $50 | $0 | None | not stated | not stated | One rate | |
| Christmas Club Account | 0.01% | $2 | $0 | None | not stated | not stated | One rate | |
| Fine print: The balance is paid out each October, either by deposit to a checking account or by cheque. The bank charges a $20.00 fee for each early withdrawal. | ||||||||
| Money Market Deposit Account | 1.50% | $2,500 | $0 | None | not stated | not stated | Tiered | |
| IRA | ||||||||
| IRA Self-Directed | 0.50% | not stated | $0 | None | not stated | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| Certificate of Deposit - 7 - 31 Day | not stated | 0.15% | $2,500 | not stated | not stated |
| Fine print: The depositor chooses the term, from 7 days to 31 days. | |||||
| Certificate of Deposit - 32 Day | 1 months | 0.15% | $1,000 | not stated | not stated |
| Certificate of Deposit - 3 - 5 Month | 3-5 months | 0.15% | $1,000 | not stated | not stated |
| CD Special - 4 Month | 4 months | 3.55% | $1,000 | not stated | not stated |
| Certificate of Deposit - 6 - 11 Month | 6-11 months | 0.25% | $1,000 | not stated | not stated |
| CD Special - 7 Month | 7 months | 3.45% | $1,000 | not stated | not stated |
| Certificate of Deposit - 12 - 17 Month | 12-17 months | 0.40% | $1,000 | not stated | not stated |
| CD Special - 13 Month | 13 months | 3.30% | $1,000 | not stated | not stated |
| Certificate of Deposit - 18 - 23 Month | 18-23 months | 0.40% | $1,000 | not stated | not stated |
| Certificate of Deposit - 24 - 29 Month | 24-29 months | 0.60% | $1,000 | not stated | not stated |
| Certificate of Deposit - 30 - 35 Month | 30-35 months | 0.60% | $1,000 | not stated | not stated |
| Certificate of Deposit - 36 - 47 Month | 36-47 months | 0.85% | $1,000 | not stated | not stated |
| Certificate of Deposit - 48 - 59 Month | 48-59 months | 0.95% | $1,000 | not stated | not stated |
| Certificate of Deposit - 60 Month | 60 months | 1.00% | $1,000 | not stated | not stated |
| IRA CDs | |||||
| IRA Variable Certificate | 12 months | 1.00% | $100 | not stated | not stated |
| Fine print: Variable rate. The bank guarantees a minimum rate for each calendar year and resets that minimum at the start of the year. | |||||
Opening and using the account
| Availability | Available in MI |
|---|---|
| Footprint | 2 branches in MI |
| Eligibility | not stated |
How Mayville State Bank behaves over time
Every observation of the advertised Passbook Savings Account rate in the last 12 months was 0.02% (observed through Sep 30, 2026). The series includes promotional tiers where one applied.
- Passbook Savings Account
- The same as 7 days ago.
- 4 months CD
- The same as 7 days ago.
- Money Market Deposit Account
- The same as 7 days ago.
- Rate last changed
- Sep 6, 2026(effective date)
$10,000 at the 0.02% APY Mayville State Bank advertises on Passbook Savings Account grows to $10,002 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,673 does today. See how the federal funds rate shapes savings rates.
Mayville State Bank CD rates over time
Who is Mayville State Bank?
| Headquarters | Mayville, MI |
|---|---|
| Founded | 1885 |
| Scale | $95M assets · $85M deposits, $63M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 12899 |
| Charter state | Michigan · one of 72 insured banks chartered there (Q2 2026, FDIC) |
| Size | 3,653rd-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 23% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Mayville State Bank pays on deposits above.
Common questions about Mayville State Bank
Is Mayville State Bank FDIC insured?
Yes. Mayville State Bank is FDIC insured under certificate 12899, so deposits are covered up to $250,000 per depositor, per ownership category.
Does Mayville State Bank have branches?
Yes. Mayville State Bank operates 2 branches according to FDIC branch records, in addition to its website and mobile apps.
Mayville State Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Mayville State Bank | 0.02% | 0.09% | not stated | 2 branches in MI |
| Community Savings Bank | 0.02% | 0.03% | $100 | 2 branches in IL |
| First State Bank | 0.02% | 1.07% | $100 | 8 branches in WI |
| Peoples Bank, Mt. Washington | 0.02% | 0.06% | $100 | 2 branches in KY |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Mayville State Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Michigan, nearest to Mayville State Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.