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 |
1APY = Annual Percentage Yield. Minimum balances listed is to open an account and to earn the advertised APY. All rates and APYs are accurate as of today, and subject to change at any time. Fees may reduce earnings on accounts. A penalty will be imposed for early withdrawal from Certificates of Deposit. For current rates, please contact us.
Michigan First is a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.
