MonitorBankRates
☰
  1. Home›
  2. Banks›
  3. First Independence Bank Detroit, MI
iAdvertiser Disclosure
Advertiser Disclosure Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.

First Independence Bank Detroit, MI Rates & Review August 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Founder & Data Architect
Expertise
  • Automated Online Rate Data Aggregation
  • Location-Based Rate Tables
  • Bank & Credit Union Health Safety Ratings
  • Bank & Credit Union Star Ratings
  • Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
| iEditorial Disclosure
Editorial Disclosure The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Rates Last Updated and Verified: August 30, 2026

First Independence Bank Detroit, MI rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month CD rates are currently at 2.92%, 6-month CD rates at 2.77% and 3-month CD rates at 2.55%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not First Independence Bank Detroit, MI, and you can see how they compare in the First Independence Bank Detroit, MI rate tables below. MonitorBankRates evaluates the financial stability of First Independence Bank Detroit, MI with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.15%. Database rates last updated and verified on 08/30/2026.

First Independence Bank Detroit, MI money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Independence Bank Detroit, MI? Share your experience about First Independence Bank Detroit, MI by leaving a review below, or read customer reviews before you decide to use First Independence Bank Detroit, MI.

Overall Health & Safety Grade ?
A+
Exceptional Health Score: 99/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
2.15%
Excellent Lower than avg
First Independence Bank
7310 Woodward Ave
Detroit, MI 48202
https://www.firstindependence.com
Member FDIC

Current Rate Availability

We're not currently displaying rates for First Independence Bank Detroit, MI, but our database is updated constantly — check back soon for the latest offers.

Are you with First Independence Bank Detroit, MI? We'd love to add your institution's rates. Contact us to get your institution's rates listed on MonitorBankRates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for First Independence Bank Detroit, MI is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather First Independence Bank Detroit, MI rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with First Independence Bank Detroit, MI's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name First Independence Bank Detroit, MI
Bank Holding Company FIRST INDEPENDENCE CORP
Address 7310 Woodward Ave, Detroit, MI 48202  ·  Wayne
Website https://www.firstindependence.com
FDIC Certificate # 20179
Established 05/14/1970
FDIC Insurance Date 05/14/1970
Domestic Offices 4
Total Branches 5
Regulator FDIC
FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+
Overall Health Grade Score: 99/100
5.0
Exceptional Out of 5.0 Stars
2.15%
Texas Ratio Nat'l avg: 5.85%
Return on Assets (ROA) 0.3097%
Return on Equity (ROE) 4.2600%
Non-Performing Loans (NPL) 0.18%
Total Assets $696,917,000
Total Deposits $532,613,000
Equity Capital $64,135,000
Net Income $5,832,000
Headquarters Detroit
Total Branches and Offices 4
Source: FDIC  |  Last Updated 12/31/2025

Customer Reviews

There are no reviews for First Independence Bank Detroit, MI yet. Feel free to create one below.
Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.
Average Rating
☆☆☆☆☆
Total Reviews
0
Add Your Rating and Review for First Independence Bank Detroit, MI
Your Name:
Your Rating:

Frequently Asked Questions About First Independence Bank Detroit, MI

How many branches does First Independence Bank Detroit, MI operate?

First Independence Bank Detroit, MI currently maintains approximately 5 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, First Independence Bank Detroit, MI does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Independence Bank Detroit, MI provides members with tools to manage their accounts and build a solid financial history.

Does First Independence Bank Detroit, MI offer online and mobile banking?

Most modern institutions like First Independence Bank Detroit, MI provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firstindependence.com.

Compare to Other Banks

Timberland Bank Pan American B&T CIBC National Trust Company Opportunity Bank of Montana Commercial National Bank of Texarkana First Pryority Bank NobleBank & Trust Global Bank Somerset Trust Company American Commerce Bank, N.A. Community Bank and Trust The Hometown Savings Bank Regional Missouri Bank Wanda State Bank Custer Federal State Bank Primebank Southern Bancorp Bank Grand Marais SB F&M Bank Miamisburg, OH Orrstown Bank Citizens Deposit Bank of Arlington, Inc.