Savings Accounts

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Set your sights on a better tomorrow with accounts that match your goals.

What does the future hold? Plenty of exciting opportunities, and possibly a challenge or two. Through personalized advice and a commitment to hearing your story, we'll get you into the right account and tailor a savings plan and financial experience specifically for you.



Savings Accounts

Michigan First Savings Account

A smart savings plan can put your finances on track to reach your goals. With money in the bank, you'll be ready to experience a future full of possibilities and take on the occasional challenge. At Michigan First, we'll provide personalized advice and craft a savings plan tailored for you.
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SavingsPlus Account

Michigan First has turned digital banking into a convenient and profitable experience. If you limit your trips to our branches, do most of your banking online, and sign up for direct deposit, you'll be rewarded with a higher dividend rate on your account. 
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Money Market Account

Life can get expensive, which is why we all look for faster ways to grow our savings. A Money Market Account is a savings account where funds can be accessed any time you need them at an ATM, through online banking, our mobile app or at one of our branches. 
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Health Savings Account

Health care costs continue to rise, putting a strain on family budgets. At Michigan First, we offer Health Savings Accounts (HSAs) that help stretch your medical care dollars by providing tax advantages and competitive dividends. 
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Certificate Accounts

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, you can set aside money in a certificate account for anywhere from six months to five years.

  • Dividends exceed those of most traditional savings accounts
  • Generally, the longer the term, the higher the dividends
  • Minimum opening deposit of $1,000
  • With our Certificate Account tiers, larger balances can earn higher returns

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

Michigan First Credit Union Offers Peace of Mind with $500,000 Coverage!

At Michigan First, we go the extra mile for our members by making sure your money is protected. Deposits at Michigan First Credit Union are federally insured up to $250,000 by the National Credit Union Administration (NCUA). To further protect your deposits, Michigan First provides additional coverage through Excess Share Insurance (ESI), creating a combination of federal and private share deposit insurance that protects your deposits for a total of $500,000 — including savings accounts, checking accounts, money market accounts, and certificate accounts.

This combination of NCUA and ESI coverage ensures that: 

  • All individual savings, checking and certificate accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
  • All joint accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
  • All IRA accounts held by the same person are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.

Both ESI and NCUA offer coverage payable upon failure and liquidation of the credit union. In order to continue providing the expanded protection, Michigan First adheres to strict underwriting criteria and reports monthly to ESI. If you have questions regarding this valuable member benefit, please call 800.664.3828.