Best Money Market Rates in Traverse City, Michigan - June 2026
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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.
Current Traverse City, Michigan and the surrounding area money market deposit account rates include LMCU Lake Michigan Credit UnionLMCU Lake Michigan Credit Union310 W Front St, Traverse City, MI 49684 2279A+5.0 ★Texas Ratio: 2.33% Max Money Market at 4.00% APY, Michigan State University Federal Credit UnionMichigan State University Federal Credit Union3752 N US Highway 31 S, Traverse City, MI 49684 4443A5.0 ★Texas Ratio: 8.72% Business IMMA - Tier 8 at 3.35% APY, The Huntington National BankThe Huntington National Bank1227 E Front St, Traverse City, MI 49686A+5.0 ★Texas Ratio: 4.60% High-Yield Money Market at 3.20% APY, Team One Credit UnionTeam One Credit Union1202 Veterans Dr, Traverse City, MI 49684 4449A+5.0 ★Texas Ratio: 4.99% Money Market at 2.50% APY, and TBA Credit UnionTBA Credit Union2900 W South Airport Rd, Traverse City, MI 49684 4611A+5.0 ★Texas Ratio: 4.92% Money Market Account at 2.02% APY. Money market rates as of June 1, 2026 according to verified data from MonitorBankRates.
Traverse City has 8 local institutions in our database, with money market rates as high as 4.00% APY from LMCU Lake Michigan Credit Union at 310 W Front St, Traverse City, MI 49684 2279. Use the table below to compare all available offers, including options from institutions serving the broader Michigan area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Traverse City, Michigan and surrounding area. Last Updated and Verified: June 1, 2026
Compare the Best Money Market Rates Today in Traverse City, Michigan & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
LMCU Lake Michigan Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.33%
310 W Front St, Traverse City, MI 49684 2279
Max Money Market
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
$1,000,000 +
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 7
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 9
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 8
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
LMCU Lake Michigan Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.33%
310 W Front St, Traverse City, MI 49684 2279
Max Money Market
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
$250,000 - $999,999
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 9
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 9
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
1227 E Front St, Traverse City, MI 49686
High-Yield Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 21, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
LMCU Lake Michigan Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.33%
310 W Front St, Traverse City, MI 49684 2279
Max Money Market
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
$100,000 - $249,999
Team One Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.99%
1202 Veterans Dr, Traverse City, MI 49684 4449
Money Market
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 6
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Team One Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.99%
1202 Veterans Dr, Traverse City, MI 49684 4449
Money Market
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
TBA Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.92%
2900 W South Airport Rd, Traverse City, MI 49684 4611
Money Market Account
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 5
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 6
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 6
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 5
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 5
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
LMCU Lake Michigan Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.33%
310 W Front St, Traverse City, MI 49684 2279
Max Money Market
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
$25,000 - $49,999
Independent Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.85%
333 W Grandview Pkwy, Traverse City, MI 49684
Money Market Accounts
1.97%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
up to
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Money Market Business Checking - Tier 3
1.80%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Team One Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.99%
1202 Veterans Dr, Traverse City, MI 49684 4449
Money Market
1.75%
$0
▼
Rate1.74%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Money Market Checking - Tier 4
1.70%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 4
1.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 4
1.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 4
1.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Money Market Checking - Tier 3
1.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Money Market Business Checking - Tier 2
1.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 3
1.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 3
1.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 3
1.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Money Market Business Checking - Tier 1
1.20%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Traverse Catholic Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.31%
3797 Veterans Dr, Traverse City, MI 49684 4516
MONEY MARKET
1.01%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMay 29, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 2
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Money Market Checking - Tier 2
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Money Market Checking - Tier 1
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 1
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 1
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 2
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 1
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
LMCU Lake Michigan Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.33%
310 W Front St, Traverse City, MI 49684 2279
Max Money Market
1.00%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Less than $2,500
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
Currently earning
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 2
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
TBA Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.92%
2900 W South Airport Rd, Traverse City, MI 49684 4611
Money Market Account
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Team One Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.99%
1202 Veterans Dr, Traverse City, MI 49684 4449
Money Market
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Traverse Catholic Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.31%
3797 Veterans Dr, Traverse City, MI 49684 4516
MONEY MARKET
0.53%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 29, 2026
Details
TBA Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.92%
2900 W South Airport Rd, Traverse City, MI 49684 4611
Money Market Account
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
4Front Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.23%
3745 N US Highway 31 S, Traverse City, MI 49684 4442
Business Money Market
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedJun 1, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
Citizens Quest® Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Qualifying balance up to $1,000.00
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
Citizens Private Client® Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Qualifying balance up to $1,000.00
Lake-Osceola State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.18%
Money Market Account (Tiered Rate)
3.56%
$0
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMay 28, 2026
Details
Premier Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.27%
Money Market Special
3.50%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 21, 2026
Details
With a minimum of $25k new money
First State Bank (MI)
Institution Rating:
A+5.0 ★ Texas Ratio: 1.41%
Business Money Market
3.50%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
WesBanco Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.63%
Money Market Special
3.50%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 29, 2026
Details
With a minimum of $25k new money
Rate—
Min Deposit$20,000
Min Balance—
UpdatedMay 21, 2026
Details
Earn a competitive rate when you open a Market Monitor account with a minimum $20,000 in new money.
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Personal Money Market Tier 5
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Business Money Market
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
First State Bank (MI)
Institution Rating:
A+5.0 ★ Texas Ratio: 1.41%
Business Money Market
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Lake-Osceola State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.18%
Money Market Account (Tiered Rate)
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 28, 2026
Details
First State Bank (MI)
Institution Rating:
A+5.0 ★ Texas Ratio: 1.41%
Business Money Market
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Business Money Market
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Personal Money Market Tier 4
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Traverse City, Michigan and the surrounding area.
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.
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.
Traverse City, MI Money Market Rate Trends
Compare local Traverse City, MI 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.
High-Yield MMA — MI Avg
3.319%
▼ 0.014 vs 7 days ago
Michigan high-yield MMA rates fell 0.014 points over the past 7 days to 3.319% APY.
Standard MMA — MI Avg
0.829%
▲ 0.006 vs 7 days ago
Michigan standard MMA rates rose 0.006 points over the past 7 days to 0.829% APY.
As of Jun 3, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Traverse City, 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 Traverse City, 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 Traverse City, 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 Traverse City, Michigan
What is a Money Market Account (MMA)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Michigan.
Are Money Market accounts in Traverse City, Michigan safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Michigan up to $250,000 per depositor, per institution.
How often do MMA rates change in Traverse City, Michigan?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Michigan rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Traverse City, Michigan?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Traverse City, Michigan require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Traverse City, Michigan
Here are some of the highest money market account APYs currently available in Traverse City, Michigan and the surrounding area:
- LMCU Lake Michigan Credit Union
Max Money Market — 4.00% APY - Michigan State University Federal Credit Union
Business IMMA - Tier 8 — 3.35% APY - The Huntington National Bank
High-Yield Money Market — 3.20% APY - Team One Credit Union
Money Market — 2.50% APY - TBA Credit Union
Money Market Account — 2.02% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Traverse City, Michigan. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: June 1, 2026
Traverse City, Michigan Rates & Resources
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