Make your money grow even faster.
Earn our highest dividends by using digital banking tools.
Earn more on your deposits
Save time and energy with direct deposit
Free online and mobile banking
Take a big step toward building your savings
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. It's an easy way to put more money in your pocket, just for banking online.
- Earn higher dividends when you make $400 or more in monthly direct deposits and meet other criteria3
- Free Mastercard® debit/ATM card
- Access to over 30,000 surcharge-free ATMs (over 1,600 in Michigan)
- Free online and mobile banking
- 24/7 member service through our 365 Live Call Center
- Receive electronic e-statements
- Pay bills electronically (must have a savings account as well)
- No monthly fee*
- Provide Overdraft Coverage for your checking account
- Must be 18 or older to open an account. Ages 13-17 can open an account with a parent or guardian
*A $100 aggregate balance must be maintained across all Michigan First accounts after the first three months of membership in order to avoid a monthly minimum balance fee. View our fee schedule.
SavingsPlus Account Dividends
| APY1 | Dividend Rate3 | Daily Balance |
|---|---|---|
| 1.00% | 1.00% | $1 to $4,999 |
| 3.04% | 3.00% | $5,000 to $99,999 |
| 3.56% | 3.50% | $100,000+ |
1APY = Annual Percentage Yield. Minimum balances listed is to open an account and to earn the advertised APY. All dividends and APYs are accurate as of today, and subject to change at any time. Fees may reduce earnings on accounts. For current dividends , please contact us.
3 In order to qualify for the SavingsPlus dividends you must fulfill all the conditions below:
(a) Receive your monthly statements electronically. (b) Maintain a Michigan First Premier Checking Account. (c) Perform no more than 2 “in-person” and/or “mail-in” transactions a month. (d) Maintain a minimum of $400 deposited through Direct Deposit in any Michigan First account. (e) Use your Michigan First Debit Card 10 or more times a month for signature based or PIN-based purchases (transactions made online and over the phone as well as those for which you choose credit and sign the receipt are considered signature-based transactions). Debit transactions have to post within the month authorized in order to qualify for the SavingsPlus dividends. If you do not meet these conditions, you will receive the dividends shown under “Savings Plus (without bonus dividends)”
SavingsPlus Account Dividends (Without Bonus Dividends)
| APY1 | Dividend Rate | Daily Balance |
|---|---|---|
| 0.15% | 0.15% | $1 to $4,999 |
| 0.25% | 0.25% | $5,000 and up |
1APY = Annual Percentage Yield. Minimum balances listed is to open an account and to earn the advertised APY. All dividends and APYs are accurate as of today, and subject to change at any time. Fees may reduce earnings on accounts. For current dividends, 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.
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.
