Highest Money Market Rates in Michigan
22 Michigan-specific accounts
Top Michigan Rate:3.85% APYFDIC or NCUA Insured
The Michigan market
Michigan accounts
22
Institutions
17
Top Michigan APY
3.85% APY
Nationally: 4.00% APY
FDIC national average
0.63%
As of Sep 2026
22 money market accounts are open only to Michigan residents, from 17 institutions. The highest advertised APY among them is 3.85%.
The highest nationally available rate is 4.00% APY, 15 basis points above the Michigan leader.
18 of the 22 Michigan money market accounts advertise more than the FDIC national average of 0.63% for money market accounts as of Sep 2026.
Michigan-Specific Money Market Accounts
Money market accounts specifically available to Michigan residents.
| Institution | Product / Term | APY |
|---|---|---|
| Old National Bank | Market Monitorneeds at least $20,000 | Up to3.85% |
| Bank Michigan | Premier Money Market Investments (MMI)needs at least $750,000 | 3.75% |
| Lake-Osceola State Bank | Money Market Accountneeds at least $1,000,000 | Up to3.56% |
| Superior National Bank | Personal Money Marketneeds at least $1,000,000 | Up to3.00% |
| Nicolet National Bank | MVP Money Market Account (MVP MMA)needs at least $1,000,000 | Up to2.65% |
| IncredibleBank | InFocus Personal Money Marketneeds at least $500,000 | Up to2.53% |
| Gateway First Bank | Gateway Money Marketneeds at least $25,000 | Up to2.50% |
| Oxford Bank | Money Marketneeds at least $500,000 | Up to2.38% |
| Isabella Bank | Premium Money Marketneeds at least $1,000,000 | 2.29% |
| Huron Valley State Bank | Money Market Savingsneeds at least $25,000 | Up to2.01% |
| Isabella Bank | Money Marketneeds at least $200,000 | Up to1.65% |
| Chelsea State Bank | CSB Combined Money Market Savingsneeds at least $150,000 · needs a linked account at the bank | Up to1.56% |
| Northern Interstate Bank, N. A. | Money Marketneeds at least $250,000 | Up to1.51% |
| Northern Interstate Bank, N. A. | Choice Money Marketneeds at least $250,000 | Up to1.51% |
| Bank Michigan | Money Market Investments (MMI) | 1.50% |
| Mayville State Bank | Money Market Deposit Accountneeds at least $100,000 | Up to1.50% |
| First National Bank of Michigan | First Growth Money Marketneeds at least $250,000 | Up to1.00% |
| Thumb Bank and Trust | Tiered Money Market Accountneeds at least $75,000 | Up to1.00% |
| Chelsea State Bank | CSB Money Market Savingsneeds at least $2,500 | 0.55% |
| The First National Bank of St. Ignace | Money Market Savings Account | 0.25% |
| Eastern Michigan Bank | Prestige Money Marketneeds at least $100,000 | Up to0.20% |
| Nicolet National Bank | Money Market Account (MMA)needs at least $5,000 | 0.20% |
Nationally Available Money Market Accounts
The 8 highest-rate money market accounts available nationwide, including in Michigan.
| Institution | Product / Term | APY |
|---|---|---|
| Bank5 Connect | Money Market Account | 4.00% |
| Climate First Bank | Impact Money Market | 3.96% |
| Prime Alliance Bank | Personal Money Market | 3.90% |
| Quontic Bank | Money Market Account | 3.90% |
| Customers Bank | Ascent Money Market Savings Account | 3.63% |
| Sallie Mae Bank | Money Market Account | 3.60% |
| FNBO Direct | Online Money Market Accountneeds at least $500,000 | Up to3.55% |
| U.S. Bank | Elite Money Marketbalances of $25,000 to $9,999,999,999.99 only | Up to3.40% |