Certificates of Deposits

The longer you invest, the more your money grows.

Choose your savings window and experience strong returns.

Higher earnings
Variety of savings terms
Tiered rate structure

Certificates of Deposit (CDs) guarantee your savings will grow

You've set some ambitious long-term savings goals. Sometimes risky investments aren't the best option. When you need a guaranteed rate of return, a Certificate of Deposit is the safest answer. You can set aside money for six months, five years, or somewhere in between. With guaranteed returns (as long as you don't make an early withdrawal), you will end up with more money than when you started.

  • CDs range from six months to five years
  • Interest rates exceed those of most traditional savings accounts
  • Generally, the longer the CD term, the higher the interest returns
  • Minimum opening deposit of $1,000
  • With our CD rate tiers, larger balances can earn higher returns

Certificate of Deposit (CD) Rates

Product APY1 Dividend Rate Daily Balance
6 Month CD 0.25% 0.25% $1,000 to $9,999
6 Month CD 0.35% 0.35% $10,000 to $49,999
6 Month CD 0.40% 0.40% $50,000 to $99,999
6 Month CD 0.45% 0.45% $100,000 and up
12 Month CD & IRA 0.35% 0.35% $1,000 to $9,999
12 Month CD & IRA 0.45% 0.45% $10,000 to $49,999
12 Month CD & IRA 0.50% 0.50% $50,000 to $99,999
12 Month CD & IRA 0.55% 0.55% $100,000 and up
24 Month CD & IRA 0.50% 0.50% $1,000 to $9,999
24 Month CD & IRA 0.60% 0.60% $10,000 to $49,999
24 Month CD & IRA 0.65% 0.65% $50,000 to $99,999
24 Month CD & IRA 0.70% 0.70% $100,000 and up
36 Month CD & IRA 0.65% 0.65% $1,000 to $9,999
36 Month CD & IRA 0.75% 0.75% $10,000 to $49,999
36 Month CD & IRA 0.80% 0.80% $50,000 to $99,999
36 Month CD & IRA 0.85% 0.85% $100,000 and up
48 Month CD & IRA 0.75% 0.75% $1,000 to $9,999
48 Month CD & IRA 0.80% 0.80% $10,000 to $49,999
48 Month CD & IRA 0.85% 0.85% $50,000 to $99,999
48 Month CD & IRA 0.90% 0.90% $100,000 and up
60 Month CD & IRA 0.85% 0.85% $1,000 to $9,999
60 Month CD & IRA 0.90% 0.90% $10,000 to $49,999
60 Month CD & IRA 0.95% 0.95% $50,000 to $99,999
60 Month CD & IRA 1.00% 1.00% $100,000 and up

Michigan First is a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.