Best Money Market Rates in Michigan - June 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Michigan money market deposit account rates include Best Financial Credit UnionBest Financial Credit Union1888 E Sherman Blvd, Muskegon, MI 49444 1822A+5.0 ★Texas Ratio: 3.41% Easy Access Money Market at 5.00% APY, EastRise Credit UnionEastRise Credit Union500 E Lafayette Blvd, Detroit, MI 48226A+5.0 ★Texas Ratio: 4.41% Essential Money Market at 4.50% APY, Community West Credit UnionCommunity West Credit Union3089 44th St SW, Grandville, MI 49418 2501A+5.0 ★Texas Ratio: 2.81% Quest Money Market at 4.25% APY, Community Choice Credit UnionCommunity Choice Credit Union31155 Northwestern Hwy, Farmington Hills, MI 48334 2502A5.0 ★Texas Ratio: 6.60% Business Money Market at 4.10% APY, and LMCU Lake Michigan Credit UnionLMCU Lake Michigan Credit Union4866 Alpine Ave NW, Comstock Park, MI 49321 8579A+5.0 ★Texas Ratio: 2.33% Max Money Market at 4.00% APY. Money market rates as of June 23, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Michigan side-by-side. Michigan money market rates currently reach as high as 5.00% APY from Best Financial Credit Union at 1888 E Sherman Blvd, Muskegon, MI 49444 1822. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Michigan and surrounding area. Last Updated and Verified: June 23, 2026
Compare the Best Money Market Rates Today in Michigan
APY = annual percentage yield and reflects the current minimum APY offered. Fees may reduce earnings. Rates may change after account opening. Limit one Essential Money Market account per person. Minimum balance of $1,000 is required to open the account. Essential Money Market accounts are tiered rate accounts. For these accounts, the specified dividend rate for a tier will apply only to the portion of the account balance within that tier. The APYs, which vary depending on the balance in the account, are shown for each tier.
As Low As
APY = annual percentage yield and reflects the current minimum APY offered. Fees may reduce earnings. Rates may change after account opening. Limit one Essential Money Market account per person. Minimum balance of $1,000 is required to open the account. Essential Money Market accounts are tiered rate accounts. For these accounts, the specified dividend rate for a tier will apply only to the portion of the account balance within that tier. The APYs, which vary depending on the balance in the account, are shown for each tier.
The special rate of up to 4.00% APY is available only on new Money Market Special accounts opened on or after 5/1/2026 and applies for the first 6 months following account opening. After 6 months, the account will automatically convert to a standard Elevate Money Market account and earn standard Elevate Money Market rates thereafter. A minimum opening balance of $15,000 is required. Members who currently have, or previously had in the last 12 months, any opened money market account at United are not eligible for this offer. Fees may reduce earnings. Rates may change after account is opened.
New money only - offer only valid for funds not currently on deposit with WesBanco Bank. New funds deposited to a WesBanco deposit account within 30 days of opening the money market may qualify as new money. Must have an active WesBanco checking account. The interest rate is a variable rate and is subject to change without notice after the account is opened. Fees could reduce earnings. Offer is subject to change without notice.
Online & Mobile Banking: Free; eStatements: Free; NCUA Insurance: Up to $250,000
Special rate
Open a Money Market Account and earn up to 3.65% APY*.
Preferred rates require a minimum of $25,000 of new money. Standard rates: 0.15% APY.
Preferred rates require a minimum of $25,000 of new money. Standard rates: 0.03% APY.
As High As; 2 APY = Annual Percentage Yield . APY is a standardized measure of the total interest earned on a deposit account over one year, based on the interest rate and the frequency of compounding. APY assumes that interest remains on deposit until maturity. Early withdrawals and applicable fees may reduce earnings. Rates are effective as of 12/12/2025 and are subject to change at any time without notice.
Rates accurate as of Jun 16, 2026
Balance Tier: $100,000 or more
APY = annual percentage yield and reflects the current minimum APY offered. Fees may reduce earnings. Rates may change after account opening. Limit one Essential Money Market account per person. Minimum balance of $1,000 is required to open the account. Essential Money Market accounts are tiered rate accounts. For these accounts, the specified dividend rate for a tier will apply only to the portion of the account balance within that tier. The APYs, which vary depending on the balance in the account, are shown for each tier.
Earn More, Effortlessly
Earn a competitive rate when you open a Market Monitor account with a minimum $20,000 in new money. If you are unable to meet the minimum opening deposit of $20,000 for this competitive new money rate plan, your account will be repriced at our standard Market Monitor rate plan. Rates and tiers for deposit balances are: 3.21% (3.25% APY) if daily collected balance is $20,000 or more; 0.05% (0.05% APY) if daily collected balance is $19,999.99 or less. Offer available at Old National banking centers located in Iowa, Illinois, Indiana, Michigan, Minnesota, North Dakota, Wisconsin, and the Kentucky counties of Daviess, Henderson, Hopkins, Muhlenberg, and Union.
Variable rate based on zip code. Minimum of $25,000 not currently deposited at Huntington. Get your variable rate after opening a Huntington Relationship Money Market Account when you maintain deposits of $25,000.00 - $2,000,000.99.
Effective Date: Tuesday, June 16th, 2026
2 free withdrawals monthly; Money Market Plus accounts are only available for new money, or funds that have not been on deposit with 1166 Federal Credit Union in the last 30 days.
3
Rate may change after account is opened. Fees could reduce the earnings on the account. Fees could reduce the earnings on the account. See fee schedule for more details.
Rate may change after account is opened. Fees could reduce the earnings on the account. Fees could reduce the earnings on the account. See fee schedule for more details.
$1,000,000.00 +
Tier 5: $1,000,000.00 +
Tier 4: $500,000.00 -$999,999.99
$500,000.00 -$999,999.99
As Low As; up to 1.97%
$100,000.00 -$499,999.99
Tier 3: $100,000.00 -$499,999.99
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Michigan Money Market Rate Trends
Compare local Michigan money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Michigan high-yield MMA rates fell 0.013 points over the past 7 days to 3.270% APY.
Michigan standard MMA rates currently average 0.637% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Michigan money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Michigan directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Michigan. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in MI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Michigan
What is a Money Market Account (MMA)?
Are Money Market accounts in Michigan safe?
How often do MMA rates change in Michigan?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Michigan?
Best Money Market Rates in Michigan
- Best Financial Credit Union
Easy Access Money Market — 5.00% APY - EastRise Credit Union
Essential Money Market — 4.50% APY - Community West Credit Union
Quest Money Market — 4.25% APY - Community Choice Credit Union
Business Money Market — 4.10% APY - LMCU Lake Michigan Credit Union
Max Money Market — 4.00% APY
Cities in Michigan
