Highest Savings Rates in Michigan
30 Michigan-specific accounts

Eligibility restricted to select states.

Requires a linked Shoreline High Yield or Shoreline Cash Back checking account. Rate applies when the linked account's monthly qualifications are met. Otherwise the account pays a lower base rate.

A Loyalty Rewards Checking or Loyalty Rewards + The Bundler Checking account is required to open this account and must stay open for as long as it is held. The stated APY applies to balances up to $100,000, and the portion of the balance above $100,000 earns a much lower rate. The stated APY is also paid only in a monthly statement cycle in which the account is enrolled in eStatements and all three checking qualifiers are met; in any cycle they are not met, the entire balance earns the lower rate.

A Kasasa Cash or Kasasa Cash Back checking account is required to open this account. The highest rate applies only to the first $50,000 of the balance, and the part above $50,000 earns a lower rate. The highest rate is paid only for a monthly qualification cycle in which the linked checking account posts at least 12 debit card purchases, is enrolled in eStatements, and is logged into online banking. A cycle that misses those qualifications earns the base rate on the whole balance.

The account is open only to new customers, or to deposits of funds not already held at the bank.

A Chelsea State Bank checking account is required. The statement for this account is combined with that checking account.

A monthly service charge applies when the daily balance falls below $250. The charge is waived on request for customers age 55 or older.

Ten pre-authorized, automatic, telephone, electronic or online transfers or withdrawals are permitted per statement cycle. Each debit above ten costs $2. The minimum balance requirement behind the monthly service charge is waived for senior citizens and minors on request.

A $5 service charge is charged each quarter if the balance falls below $100. The charge does not apply while the balance stays at $100 or more.

A $5 monthly service charge applies if the available balance falls below $100.

A monthly fee applies when the balance falls below a $300 monthly minimum. The minimum balance is waived for minors.

A $7 service fee applies each quarter when the average daily balance falls below $100.

The service fee is charged quarterly, and is avoided by keeping a $200 minimum average balance. Withdrawals are unlimited and free. A paper statement fee applies unless electronic statements are chosen.

Closing the account within the first 90 days costs a $25 service charge.

APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc.

APY may improve with a linked PNC account. Terms and conditions apply.