Deposit Account rates.
Compare current rates for Michigan First checking, savings, money market, certificate, and IRA accounts.
Your deposits can do more than sit in an account. Michigan First checking and savings products may earn dividends based on your balance, account type, and applicable qualifications.
Review current APYs and dividend rates below to compare your options and find the account that fits your savings goals.
Dividends effective 7/1/2026.
Savings and SavingsPlus Accounts
|
APY1
|
Dividend Rate3
|
Daily Balance2
|
|---|---|---|
|
Savings Account
|
||
| 0.15% | 0.15% | $1 to $999 |
| 0.15% | 0.15% | $1,000 to $4,999 |
| 0.20% | 0.20% | $5,000 to $24,999 |
| 0.25% | 0.25% | $25,000 and up |
|
SavingsPlus Account
|
||
| 10.47% | 10.00% | $1 to $4,999 |
| 2.27% | 2.25% | $5,000 to $99,999 |
| 3.04% | 3.00% | $100,000+ |
|
SavingsPlus Account (No bonus dividends)
|
||
| 0.15% | 0.15% | $1 to $4,999 |
| 0.25% | 0.25% | $5,000 and up |
Premier Checking Accounts
|
APY1
|
Dividend Rate
|
Daily Balance
|
|---|---|---|
| 0.00% | 0.00% | $1 to $10,000 |
| 0.25% | 0.25% | $10,000.01 and up |
First Gear Checking Accounts
|
APY
|
Dividend Rate
|
Daily Balance
|
|---|---|---|
| 0.00% | 0.00% | $1 to $10,000 |
| 0.25% | 0.25% | $10,000.01 and up |
Youth Checking and Saving Accounts
|
Product
|
APY
|
Dividend Rate
|
Daily Balance
|
|---|---|---|---|
| Savings | 2.02% | 2.00% | All Balances |
| Checking | 0.50% | 0.50% | All Balances |
Money Market Account
|
APY1
|
Dividend Rate
|
Daily Balance
|
|---|---|---|
| 0.00% | 0.00% | $1 to $2,499 |
| 1.06% | 1.05% | $2,500 to $4,999 |
| 1.06% | 1.05% | $5,000 to $24,999 |
| 1.71% | 1.70% | $25,000 to $99,000 |
| 2.22% | 2.20% | $100,000 to $199,999 |
| 2.53% | 2.50% | $200,000 to $499,999 |
| 2.53% | 2.50% | $500,000 and up |
IRA Variable
|
APY1
|
Dividend Rate
|
Daily Balance
|
|---|---|---|
| 0.20% | 0.20% | $1 to $2,499 |
| 0.35% | 0.35% | $2,500 – $9,999 |
| 0.50% | 0.50% | $10,000 – $24,999 |
| 0.55% | 0.55% | $25,000 and up |
IRA Certificate
|
Product
|
APY1
|
Dividend Rate
|
Daily Balance
|
|---|---|---|---|
| 12 Month IRA Certificate | 2.02% | 2.00% | $1,000 to $9,999 |
| 3.20% | 3.15% | $10,000 to $49,999 | |
| 3.30% | 3.25% | $50,000 to $99,999 | |
| 3.40% | 3.35% | $100,000 to $499,999 | |
| 3.61% | 3.45% | $500,000 and up | |
| 24 Month IRA Certificate | 1.51% | 1.50% | $1,000 to $9,999 |
| 2.99% | 2.95% | $10,000 to $49,999 | |
| 3.09% | 3.05% | $50,000 to $99,999 | |
| 3.20% | 3.15% | $100,000 to $499,999 | |
| 3.51% | 3.45% | $500,000 and up | |
| 36 Month IRA Certificate | 1.61% | 1.60% | $1,000 to $9,999 |
| 2.89% | 2.85% | $10,000 to $49,999 | |
| 2.99% | 2.95% | $50,000 to $99,999 | |
| 3.09% | 3.05% | $100,000 to $499,999 | |
| 3.25% | 3.20% | $500,000 and up | |
| 48 Month IRA Certificate | 1.66% | 1.65% | $1,000 to $9,999 |
| 2.89% | 2.85% | $10,000 to $49,999 | |
| 2.99% | 2.95% | $50,000 to $99,999 | |
| 3.09% | 3.05% | $100,000 to $499,999 | |
| 3.25% | 3.20% | $500,000 and up | |
| 60 Month IRA Certificate | 1.76% | 1.75% | $1,000 to $9,999 |
| 3.35% | 3.30% | $10,000 to $49,999 | |
| 3.45% | 3.40% | $50,000 to $99,999 | |
| 3.56% | 3.50% | $100,000 to $499,999 | |
| 3.71% | 3.65% | $500,000 and up |
Certificate Accounts
|
Product
|
APY1
|
Dividend Rate
|
Daily Balance
|
|---|---|---|---|
| 6 Month Certificate Account | 0.80% | 0.80% | $1,000 to $9,999 |
| 3.30% | 3.25% | $10,000 to $49,999 | |
| 3.30% | 3.25% | $50,000 to $99,999 | |
| 3.40% | 3.35% | $100,000 to $499,999 | |
| 3.56% | 3.50% | $500,000 and up | |
| 12 Month Certificate Account | 0.90% | 0.90% | $1,000 to $9,999 |
| 3.30% | 3.25% | $10,000 to $49,999 | |
| 3.51% | 3.45% | $50,000 to $99,999 | |
| 3.61% | 3.55% | $100,000 to $499,999 | |
| 3.71% | 3.65% | $500,000 and up | |
| 16 Month Certificate Account | 4.18% | 4.10% | $1,000+ |
| 24 Month Certificate Account | 1.26% | 1.25% | $1,000 to $9,999 |
| 3.40% | 3.35% | $10,000 to $49,999 | |
| 3.40% | 3.35% | $50,000 to $99,999 | |
| 3.61% | 3.55% | $100,000 to $499,999 | |
| 3.82% | 3.75% | $500,000 and up | |
| 36 Month Certificate Account | 0.90% | 0.90% | $1,000 to $9,999 |
| 3.30% | 3.25% | $10,000 to $49,999 | |
| 3.35% | 3.30% | $50,000 to $99,999 | |
| 3.56% | 3.50% | $100,000 to $499,999 | |
| 3.56% | 3.50% | $500,000 and up | |
| 48 Month Certificate Account | 0.95% | 0.95% | $1,000 to $9,999 |
| 3.35% | 3.30% | $10,000 to $49,999 | |
| 3.45% | 3.40% | $50,000 to $99,999 | |
| 3.56% | 3.50% | $100,000 to $499,999 | |
| 3.66% | 3.60% | $500,000 and up | |
| 60 Month Certificate Account | 1.00% | 1.00% | $1,000 to $9,999 |
| 3.56% | 3.50% | $10,000 to $49,999 | |
| 3.61% | 3.55% | $50,000 to $99,999 | |
| 3.66% | 3.60% | $100,000 to $499,999 | |
| 3.71% | 3.65% | $500,000 and up |
Grow your savings with a certificate.
1 APY = 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. A penalty will be imposed for early withdrawal from Certificate Accounts. For current dividends, please contact us.
2 Minimum balance for Regular Savings Account is $10.00.
3 In order to qualify for the SavingsPlus dividend you must fulfill all the conditions below:
(a) To qualify for bonus dividends, members must be enrolled in e-statements for both account and credit card statements.
(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 into the same account where they have SavingsPlus, Premier Checking, or a Credit Card.
(e) Use your Michigan First Debit Card 10 or more times a month for signature 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); OR use your Michigan First Rewards Credit Card 12 or more times a month for merchant purchase transactions. ATM transactions with either card type do not qualify. In order to qualify for the bonus SavingsPlus dividends rate, Debit transactions have to post within the month authorized;Credit transactions will be counted from the prior month's statement cycle. If you do not meet these conditions, you will receive the dividend shown under “SavingsPlus (without bonus dividends)”
4 In order to qualify for the Centennial Checking $100.00 Bonus Promotion, please refer to the Promotion Terms and Conditions.
5 In order to qualify for the Centennial Certificate $100.00 Bonus Promotion, you must fulfill all the conditions below:
a. You must be a member in good standing;
b. You must open a Certificate Account;
c. Within ten (10) days of opening your Certificate Account, you must deposit "new money" of at least $5,000.00 to your Certificate Account. For purpose of this promotion, "new money" is money that was deposited into any of your other Michigan First accounts from an external source;
d. You must maintain a minimum certificate balance equal or greater to the amount deposited under item (c) above.
If you fulfill all of the conditions above, you will receive a $100.00 bonus, which will be deposited to your Regular Savings Account upon program validation.
There is a limit of one (1) bonus payment per member.