Birmingham, Michigan Savings Rates - September 2026
Brian McKay
Brian McKay
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The best savings rates for Birmingham, Michigan and the surrounding area include Flagstar Bank, National AssociationFlagstar Bank, National Association35238 Woodward Ave, Birmingham, MI 48009D3.1 ★Texas Ratio: 37.37%Real return: +0.95%APY minus 2.8% CPI (February 2026) Flagstar Ready Savings at 3.75% APY, The Huntington National BankThe Huntington National Bank1040 E Maple Rd, Birmingham, MI 48009A5.0 ★Texas Ratio: 6.08%Real return: +0.45%APY minus 2.8% CPI (February 2026) Relationship Savings Account at 3.25% APY, Bank of Ann ArborBank of Ann Arbor33583 Woodward Ave, Birmingham, MI 48009A+5.0 ★Texas Ratio: 1.88%Real return: +0.45%APY minus 2.8% CPI (February 2026) Health Savings Account at 3.25% APY, Dfcu Financial Credit UnionDfcu Financial Credit Union2483 W Maple Rd, Birmingham, MI 48009 1543A+5.0 ★Texas Ratio: 1.10%Real return: +0.20%APY minus 2.8% CPI (February 2026) Business Savings at 3.00% APY, and Farmers & Merchants State Bank Archbold, OHFarmers & Merchants State Bank Archbold, OH220 Park Street, Birmingham, MI 48009A+5.0 ★Texas Ratio: 1.84%Real return: -1.34%APY minus 2.8% CPI (February 2026) DIRECT SAVINGS at 1.46% APY.
Birmingham has 45 local institutions in our database, with savings rates as high as 3.75% APY from Flagstar Bank, National Association at 35238 Woodward Ave, Birmingham, MI 48009. Use the table below to compare all available offers, including options from institutions serving the broader Michigan area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Birmingham, Michigan and the surrounding area. Last Updated and Verified: September 22, 2026
Compare the Best Savings Rates in Birmingham, Michigan & Surrounding Communities
Promotional APY for first 180 days. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s). Variable rate. New personal savings client required. New money required. Account must remain open for the full 180-day promotional period. Offer subject to change or cancellation.
Balance: $5,000.00 to $2,000,000.99; With Huntington Perks Checking**
Balance: $10,000 or more. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Balance: $5,000.00 to $2,000,000.99
Balance: $500,000 and up
Balance: $250,000 to $499,999
Balance: $100,000 to $249,999
Published APY range: 2.40%-4.00%; Published rate range: 2.40%-4.00%. Rates based on zip code. Get your variable rate after opening a Huntington Relationship Savings Account when you maintain deposits of $5,000.00 - $2,000,000.99. Balances $2,000,001.00 and above will earn 0.01% (0.01% APY). Balances below $5,000.00 will earn 0.01% (0.01% APY). Avoid a monthly maintenance fee when you have an average daily balance of $2,500 or have an Asterisk-Free Checking , Huntington Perks Checking or Huntington Platinum Perks Checking account; otherwise $10. Initial minimum opening deposit to earn the higher interest rate on the HRSA is $5,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).
Published APY range: 2.40%-4.00%; Published rate range: 2.38%-3.94%. Annual percentage yield (APY) and interest rates are accurate as of May 5, 2026. The special interest rate for the Huntington Relationship Savings Account (HRSA) with balances between $5,000.00 to $2,000,000.99 is between 2.38%-3.94% with an APY between 2.40%-4.00% based on your zip code. The interest rate is variable and subject to change at any time. Balances $2,000,001.00 and above will earn 0.01% (0.01% APY). Balances below $5,000.00 will earn 0.01% (0.01% APY). Balances below $2,500 may be subject to a $10.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. For instance, if your balance reaches $2,000,001.00 or more, your entire balance would currently earn 0.01% APY Offer is limited to one per household. We also reserve the right to limit acceptance of deposits greater than
Balance: $50,000 to $99,999
Balance: $25,000 to $49,999
Balance: $500,000.00 and over
Balance: $1,000,000 - 2,999,999. $500 minimum to open Personal Money Market Savings account. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Rate is variable and may change after the account is opened. Fees may reduce earnings. Excludes Commercial Money Market Savings accounts.
Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank. Interest will be paid on your daily account balance as follows: If your daily balance is $500,000.00 or greater, the interest rate paid on the entire balance will be 1.35% with an APY of 1.36%. Interest will be compounded every day. Interest will be credited to your account every quarter. A $3.00 monthly service charge will be charged if a $300.00 minimum balance is not maintained each day during the month. This fee will be assessed on the last business day of the month. Fees may reduce earnings. Limit one (1) Direct Savings account per household. Rev. 9/26
Balance: $250,000.00 - $499,999.99
Balance: $500,000 - 999,999. $500 minimum to open Personal Money Market Savings account. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Rate is variable and may change after the account is opened. Fees may reduce earnings. Excludes Commercial Money Market Savings accounts.
Balance: $5,000 - 9,999. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank. Interest will be paid on your daily account balance as follows: If your daily balance is $250,000.00-$499,999.99, the interest rate paid on the entire balance will be 1.23% with an APY of 1.24%. Interest will be compounded every day. Interest will be credited to your account every quarter. A $3.00 monthly service charge will be charged if a $300.00 minimum balance is not maintained each day during the month. This fee will be assessed on the last business day of the month. Fees may reduce earnings. Limit one (1) Direct Savings account per household. Rev. 9/26
Balance: $100,000 - 499,999. $500 minimum to open Personal Money Market Savings account. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Rate is variable and may change after the account is opened. Fees may reduce earnings. Excludes Commercial Money Market Savings accounts.
Balance: $100,000.00 - $249,999.99
Balance: $0 - $99,999.99
Rate is variable and may change after the account is opened. Fees may reduce earnings.
Account must have $100 or more to earn interest. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Balance: $25,000 - 99,999. $500 minimum to open Personal Money Market Savings account. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Rate is variable and may change after the account is opened. Fees may reduce earnings. Excludes Commercial Money Market Savings accounts.
Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank. Interest will be compounded every day. Interest will be credited to your account every quarter. A $3.00 monthly service charge will be charged if a $300.00 minimum balance is not maintained each day during the month. This fee will be assessed on the last business day of the month. Fees may reduce earnings. Limit one (1) Direct Savings account per household. Rev. 9/26
Balance: $5,000 - 24,999. $5,000 minimum to open Commercial Money Market Savings account. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Rate is variable and may change after the account is opened. Fees may reduce earnings. Excludes Commercial Money Market Savings accounts.
Balance: $1,000 - 4,999. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Balance: $2,500 to $24,999
Balance: $1 - 4,999*. $500 minimum to open Personal Money Market Savings account. Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 09/14/2026 - 09/20/2026.
Rate is variable and may change after the account is opened. Fees may reduce earnings. Excludes Commercial Money Market Savings accounts.
Balance: $0 to $2,499
10.00% APY on your first $1,000!
Balances of $1,000.01 and above earn an APY of 0.10%. Fees could reduce earnings. Federally insured by the NCUA.
Age: 0-21; Balances above $2,500.00 are paid the standard share savings rate.
Balance: $0 - $2,500
Balance: $0 - $999.99
Balance: $500.00 - $999.99
Balances $1,000.01 and over will earn a lower, standard savings dividend rate than the first $1,000 on deposit in A$pire and AngelSavers accounts. View fee schedule . All annual percentage yields (APY) are based on the assumption that the money is left on deposit during the dividend period. Dividend rates on share accounts will be declared monthly by the Board of Directors and posted on the last day of every month. All rates subject to change at any time without notice. Fees could reduce the earning of these accounts. For more information, please refer to our Account Agreements and Disclosures. View fee schedule .
APY* footnote applies.
Balance: $0-$1,000.00
Balance: $0.00 - $499.99
Terms and Conditions apply.
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Qualifying: $0.01 - $100,000.00; Balance: $0.01 - $100,000.00
Ages: 17 & Younger;
Liquid Savings Account
Can Add Funds At Anytime
Can Withdraw Funds At Anytime
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.
Birmingham, MI Savings Rate Trends
Compare local Birmingham, MI savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Michigan high-yield savings rates rose 0.091 points over the past 7 days to 1.973% APY, up from 1.882%.
Michigan standard savings rates fell 0.005 points over the past 7 days to 0.805% APY, down from 0.810%.
Birmingham, Michigan Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current MI high-yield average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current MI high-yield savings average of 1.973% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Birmingham, Michigan.
Savings Account Earnings in Birmingham, Michigan
Annual interest earnings at current MI average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.973% APY) | Monthly Earnings | Standard Savings (0.805% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.64 / year | $8.22 | $40.27 / year | $3.36 |
| $10,000 | $197.28 / year | $16.44 | $80.54 / year | $6.71 |
| $25,000 | $493.20 / year | $41.10 | $201.35 / year | $16.78 |
| $50,000 | $986.40 / year | $82.20 | $402.70 / year | $33.56 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Birmingham, Michigan savings rate averages as of September 23, 2026. | ||||
About Our Birmingham, Michigan Savings Rate Database
MonitorBankRates found 6 institutions with branches in Birmingham (4 banks, 2 credit unions), plus 13 additional state-chartered and national online institutions available to Birmingham residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Flagstar Bank, National Association offers a savings account at 3.75% APY with a minimum deposit of $1. Use the rate table above to compare all current offers in Birmingham, Michigan.
How to Find the Best Savings Rates in Birmingham, Michigan
What to compare when shopping for a savings account in Birmingham, Michigan
To find the best savings APYs in Birmingham, Michigan, start with credit unions and online-only banks: Birmingham, Michigan has 15 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current MI high-yield savings average is 1.973% but top local institutions are offering as high as 3.75%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. Birmingham, Michigan high-yield savings rates currently average 1.973% APY, far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Birmingham, Michigan institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 19 institutions in Birmingham, Michigan report savings rates to our database.
- You’re among Birmingham, Michigan’s 18.2% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Birmingham, Michigan CD rates
- You want check-writing flexibility → Birmingham, Michigan money market rates
- You need daily transaction access → Birmingham, Michigan checking rates
Birmingham, Michigan Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.2% of residents are 65 or older, in line with the national average of 17.3%. At today’s MI high-yield savings average of 1.973%, saving 10% of the local median salary ($8,454/year) would earn an additional $167 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Birmingham, Michigan Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Birmingham, Michigan.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MI Avg APY | 1.973% | 0.805% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Birmingham, Michigan averages tracked in our database as of September 23, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Birmingham, Michigan
At MI’s top rate of 3.75% from Flagstar Bank, National Association, a $10,000 deposit earns $375 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Birmingham, Michigan earner is roughly $21,100. At 1.973% APY, saving $1,760/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMichigan’s high-yield savings average is 1.973% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Birmingham, Michigan earner makes $84,541/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.973% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.973% APY grows to roughly $36,951 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Birmingham, Michigan savings 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 Savings Rate Data: We aggregate savings account rates for Birmingham, 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 savings 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 Birmingham, Michigan. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Birmingham, Michigan
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Birmingham, Michigan safe?
How often do savings rates change in Birmingham, Michigan?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Birmingham, Michigan?
How do I open a savings account in Birmingham, Michigan?
Best Savings Rates in Birmingham, Michigan
- Flagstar Bank, National Association
Flagstar Ready Savings: 3.75% APY - The Huntington National Bank
Relationship Savings Account: 3.25% APY - Bank of Ann Arbor
Health Savings Account: 3.25% APY - Dfcu Financial Credit Union
Business Savings: 3.00% APY - Farmers & Merchants State Bank Archbold, OH
DIRECT SAVINGS: 1.46% APY
Birmingham, Michigan Rates & Resources
