Detroit CD Rates

On our current list of 3 month CD rates in Detroit, Michigan, Tennessee Commerce Bank, Ally Bank and Nationwide Bank are offering the highest CD rate. All three banks are offering 3 month CD interest rates  at 0.60 percent with a CD yield of 0.60 percent. The current national average 3 month CD rate is only 0.27 percent as reported by monitorbankrates.com.  Ally Bank's minimum opening deposit is $1, Tennessee Commerce Bank's minimum opening deposit is $2,500 and Nationwide Bank's minimum opening deposit is $10,000.

Discover Bank has the second best rate on our list in Detroit, MI. Discover’s current 3 month bank CD rate is 0.55 percent with a bank CD yield of 0.55 percent. The minimum opening certificate of deposit balance at Discover Bank is $2,500.




Everbank has the third highest CD rate on our list in Detroit. Everbank is offering 3 month CD rates at 0.51 percent with a yield of 0.51 percent. Everbank's minimum opening balance for a CD account is $1,500.

First Internet Bank of Indiana has the fourth best rate on our list. First Internet Bank of Indiana's current 3 month rate is 0.50 percent with a yield of 0.50 percent. The minimum opening balance is $1,000.

Rounding out the top 5 CD rates at banks is Giantbank.com. The bank’s current 90 day CD rate is 0.45 percent with a yield of 0.45 percent. The minimum opening deposit is $2,500.

CD Rates Detroit, Michigan


Ally Bank 0.60% Yield 0.60% Min $ 1 
Tennessee Commerce Bank 0.60% Yield 0.60% Min $2500 
Nationwide Bank 0.60% Yield 0.60% Min $10,000 
Discover Bank 0.55% Yield 0.55% Min $2500 
EverBank 0.51% Yield 0.51% Min $1500 
First Internet Bank of IN 0.50% Yield 0.50% Min $1000 
Giantbank.com 0.45% Yield 0.45% Min $2500 
Bank of Internet USA 0.35% Yield 0.35% Min $1000 
TCF National Bank 0.35% Yield 0.35% Min $500 
Bank of America 0.28% Yield 0.28% Min $10,000 
E-LOAN.com 0.25% Yield 0.25% Min $10,000 
Allstate Bank 0.20% Yield 0.20% Min $1000 
Ameriprise Bank FSB 0.20% Yield 0.20% Min $10,000 
Peoples State Bank 0.20% Yield 0.20% Min $10,000 
Citizens Bank 0.20% Yield 0.20% Min $10,000
 
Author: Lisa Graham
March 12th, 2011