Petoskey, Michigan (MI) Savings Rates - March 2026
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Brian McKay
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Editorial Disclosure
The savings 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.
The best savings rates for Petoskey, Michigan and the surrounding area include PNC BankPNC Bank401 Bay St, Petoskey, MI 49770A5.0 ★Texas Ratio: 6.83% PNC High Yield Savings® at 3.25% APY, The Huntington National BankThe Huntington National Bank406 Bay St, Petoskey, MI 49770A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 2.98% APY, Awakon Federal Credit UnionAwakon Federal Credit Union1201 Lears Rd Spc B, Petoskey, MI 49770 9252A+5.0 ★Texas Ratio: 5.89% IRA SHARES at 1.26% APY, Nicolet BankNicolet Bank318 E Mitchell St, Petoskey, MI 49770A+5.0 ★Texas Ratio: 2.86% Junior Savings at 1.00% APY, and Citizens National Bank of CheboyganCitizens National Bank of Cheboygan324 Michigan Street, Petoskey, MI 49770A+5.0 ★ CNB Savings at 1.00% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Petoskey, Michigan, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Petoskey, Michigan (MI) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Petoskey, Michigan and the surrounding area. Last Updated and Verified: March 25, 2026
Compare the Best Savings Rates in Petoskey, Michigan & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
401 Bay St, Petoskey, MI 49770
PNC High Yield Savings®
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.60%
406 Bay St, Petoskey, MI 49770
High-Yield Savings
2.98%
$5,000
▼
Rate0.00%
Min Deposit$5,000
Min Balance—
UpdatedMar 20, 2026
Details
Minimum of $5,000 not currently deposited at Huntington.
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
IRA SHARES
1.26%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
318 E Mitchell St, Petoskey, MI 49770
Junior Savings
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Citizens National Bank of Cheboygan
Institution Rating:
A+5.0 ★
324 Michigan Street, Petoskey, MI 49770
CNB Savings
1.00%
$10
▼
Rate1.00%
Min Deposit$10
Min Balance—
UpdatedMar 25, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
IRA Share
0.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
BUSINESS/TRUST/SHARE SAVINGS
0.20%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 16, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
Money Market Savings
0.20%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
IRA Share
0.20%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
SUB SHARES
0.20%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
318 E Mitchell St, Petoskey, MI 49770
Health Savings Account (HSA)
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
318 E Mitchell St, Petoskey, MI 49770
Personal Savings
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
SUB SHARES
0.15%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
BUSINESS/TRUST/SHARE SAVINGS
0.15%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 16, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
Share Savings
0.15%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
Money Market Savings
0.15%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
IRA Share
0.15%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
318 E Mitchell St, Petoskey, MI 49770
Personal Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Northland Area Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.92%
979 Spring St, Petoskey, MI 49770
Share Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
SUB SHARES
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
BUSINESS/TRUST/SHARE SAVINGS
0.10%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 16, 2026
Details
4Front Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.13%
2215 E Mitchell Rd, Petoskey, MI 49770
Health Savings Accounts (HSA)
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
Share Savings
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
Money Market Savings
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
BUSINESS/TRUST/SHARE SAVINGS
0.07%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 16, 2026
Details
Awakon Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.89%
1201 Lears Rd Spc B, Petoskey, MI 49770 9252
SUB SHARES
0.07%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
4Front Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.13%
2215 E Mitchell Rd, Petoskey, MI 49770
eShare
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
4Front Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.13%
2215 E Mitchell Rd, Petoskey, MI 49770
Prime Share
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
4Front Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.13%
2215 E Mitchell Rd, Petoskey, MI 49770
Business Prime Share
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
4Front Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.13%
2215 E Mitchell Rd, Petoskey, MI 49770
Business Designated Share
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
St Francis X Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
2140 M 119, Petoskey, MI 49770
Share Savings
0.05%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
318 E Mitchell St, Petoskey, MI 49770
Health Savings Account (HSA)
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
4Front Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.13%
2215 E Mitchell Rd, Petoskey, MI 49770
Designated Share
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
401 Bay St, Petoskey, MI 49770
Standard Savings
0.03%
$0
▼
Rate0.03%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
401 Bay St, Petoskey, MI 49770
Standard Savings
0.02%
$0
▼
Rate0.02%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
318 E Mitchell St, Petoskey, MI 49770
Health Savings Account (HSA)
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Community Financial Credit Union Plymouth, MI
Institution Rating:
A5.0 ★Texas Ratio: 8.20%
500 S HARVEY ST, PLYMOUTH, MI 48170 1759
High Yield Savings
10.00%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $1,000.00
Alpena-Alcona Area Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.81%
1100 S Bagley St, Alpena, MI 49707 8104
Health Savings Account
5.12%
$0
▼
Rate5.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Genisys Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.03%
2100 Executive Hills Dr, Auburn Hills, MI 48326 2947
High Yield Youth Savings
5.12%
$0
▼
Rate5.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Balances above $500.00 are paid the standard share savings rate.
Health Advantage Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.00%
4550 STATE ST, SAGINAW, MI 48603
Emergency Savings
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Qualifying balance up to $2,500.00
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3777 West Rd, East Lansing, MI 48823 8029
Savings Builder - Tier 1
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Sterling Bank and Trust, FSB
Institution Rating:
A+5.0 ★Texas Ratio: 2.04%
1 Towne Sq, Southfield, MI 48076
EverBank Performance Savings
3.90%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
New account APY3; This account is not available to open through our financial centers; it can only be opened online or by calling our client solutions team.
Highpoint Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.97%
435 Arlington St, Middleville, MI 49333
High Yield Savings
3.75%
$0
▼
Rate3.70%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Horizon Bank Michigan City, IN
Institution Rating:
A+5.0 ★Texas Ratio: 2.79%
220 S Main St, Standish, MI 48658
Business Money Market Savings
3.65%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
DOW
Institution Rating:
A+5.0 ★
600 E Lyon Rd, Midland, MI 48640 5396
Simple High Yield Savings
3.51%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
Qualifying balance up to $499,999.99
AAA Federal Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 7.41%
1 Auto Club Dr, Dearborn, MI 48126
Triple Advantage Savings
3.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
First State Bank (MI)
Institution Rating:
A+5.0 ★Texas Ratio: 1.41%
16100 E 9 Mile Rd, Eastpointe, MI 48021
Savings and Checking
3.25%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Bank of Ann Arbor
Institution Rating:
A+5.0 ★Texas Ratio: 4.20%
101 E Grand River Ave, Howell, MI 48843
Health Savings Account
3.25%
$50
▼
Rate3.21%
Min Deposit$50
Min Balance—
UpdatedMar 25, 2026
Details
Rate is variable and may change after the account is opened. Fees may reduce earnings. Rates effective as of 03/23/2026 - 03/29/2026.
First National Bank of America (FNBA)
Institution Rating:
A5.0 ★Texas Ratio: 13.60%
241 E Saginaw St, East Lansing, MI 48823
Business High-Yield Savings
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
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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.
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.
Petoskey, MI Savings Rate Trends
Compare local Petoskey, MI savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — MI Avg
2.721%
▲ 0.508 from last week
Michigan high-yield savings rates rose 0.508 points this week to 2.721% APY, up from 2.214% last week.
Standard Savings — MI Avg
0.667%
▲ 0.514 from last week
Michigan standard savings rates rose 0.514 points this week to 0.667% APY, up from 0.153% last week.
As of Mar 26, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Petoskey, 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 Petoskey, 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 Petoskey, Michigan
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Michigan, help your money grow faster through a higher APY.
Are savings accounts in Petoskey, 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 savings rates change in Petoskey, Michigan?
Savings 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.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Petoskey, Michigan may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Petoskey, Michigan?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Petoskey, Michigan offer in-person customer service, which some customers prefer.
How do I open a savings account in Petoskey, Michigan?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Petoskey, Michigan
Here are recent savings rates observed in Petoskey, Michigan and the surrounding area:
- PNC Bank
PNC High Yield Savings® — 3.25% APY - The Huntington National Bank
High-Yield Savings — 2.98% APY - Awakon Federal Credit Union
IRA SHARES — 1.26% APY - Nicolet Bank
Junior Savings — 1.00% APY - Citizens National Bank of Cheboygan
CNB Savings — 1.00% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Petoskey, Michigan. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 25, 2026
