Michigan CD Rate Trends
Track current and weekly average certificate of deposit APYs across all products in Michigan, view interactive rate trend charts, and compare MI APYs against the national average.
Current Michigan CD Rate Trends
CD APYs in Michigan fell by -0.088 this week, bringing the current 12-Month CD average APY down to 2.796%. Savers in MI are seeing slightly reduced yields compared to last week, when the average stood at 2.884%.
At 2.796%, Michigan's 12-Month CD APY sits -0.021 below the current national average of 2.817%. Savers in MI may find better yields by comparing online offerings or considering national institutions.
The 6-Month CD APY in Michigan currently averages 2.778%, compared to 2.857% last week. Savers weighing a shorter term should note that 6-Month CDs typically offer lower APYs than 12-Month CDs but provide more flexibility to access funds sooner.
The Michigan certificate of deposit rate averages displayed on this page are calculated from 1,570 verified CD rate quotes collected across 132 banks and credit unions actively operating in Michigan. Our proprietary systems collect and verify deposit rates daily — tracking what real licensed institutions are actually offering to depositors, not promotional teaser rates.
Unlike comparison sites that show only a handful of institutions, MonitorBankRates maintains a continuously updated certificate of deposit rate database spanning community banks, regional lenders, national institutions, and credit unions across Michigan. This scale allows us to calculate averages that reflect the full deposit landscape — not just the most aggressive advertisers — giving savers, journalists, and financial professionals a more accurate benchmark for what APYs actually look like in MI.
Data reflects average APYs offered by licensed institutions operating in MI. Last Updated: April 22, 2026
Michigan CD Rate Trends
Weekly average APYs across all CD terms. Hover over the chart to see exact APYs for each week.
Michigan CD rate averages compiled from 1,570 current CD rates across 132 banks and credit unions operating in MI — updated daily.
As of Apr 22, 2026 • Data provided by MonitorBankRates.com
For Media, Researchers & Real Estate Professionals
Journalists covering Michigan financial markets, personal finance professionals advising clients on deposit strategy, and academic researchers studying regional banking patterns are welcome to cite and reference this data. All historical MI cd rate data is free to use for editorial, research, and educational purposes.
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