Traverse City, Michigan (MI) Savings Rates - March 2026
Content reviewed by
Brian McKay
i
Editorial Disclosure
Brian McKay
Brian McKay
Founder & Data ArchitectExpertise
- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
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 Traverse City, Michigan and the surrounding area include Michigan State University Federal Credit UnionMichigan State University Federal Credit Union3752 N US Highway 31 S, Traverse City, MI 49684 4443A5.0 ★Texas Ratio: 9.68% Savings Builder - Tier 1 at 5.00% APY, Northwest Consumers Federal Credit UnionNorthwest Consumers Federal Credit Union2948 Garfield Rd N, Traverse City, MI 49686 5008A+5.0 ★Texas Ratio: 2.20% Share Pledge Loan at 4.00% APY, The Huntington National BankThe Huntington National Bank1227 E Front St, Traverse City, MI 49686A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 3.55% APY, PNC BankPNC Bank901 S Garfield Ave, Traverse City, MI 49686A5.0 ★Texas Ratio: 6.83% PNC High Yield Savings® at 3.25% APY, and First National Bank of America (FNBA)First National Bank of America (FNBA)315 N Division St, Traverse City, MI 49684A5.0 ★Texas Ratio: 13.60% Business High-Yield Savings at 3.25% APY. Savings rates as of March 27, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Traverse City, 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 Traverse City, Michigan (MI) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Traverse City, Michigan and the surrounding area. Last Updated and Verified: March 27, 2026
Compare the Best Savings Rates in Traverse City, Michigan & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Savings Builder - Tier 1
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Northwest Consumers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.20%
2948 Garfield Rd N, Traverse City, MI 49686 5008
Share Pledge Loan
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
As Low As; Use your money on deposit as security for a great rate
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Savings Builder - Tier 2
3.62%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 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 Savings
3.55%
$5,000
▼
Rate0.00%
Min Deposit$5,000
Min Balance—
UpdatedMar 27, 2026
Details
Minimum of $5,000 not currently deposited at Huntington.
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 9
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 8
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 7
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 9
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 8
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 7
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 9
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
901 S Garfield Ave, Traverse City, MI 49686
PNC High Yield Savings®
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 7
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 8
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
First National Bank of America (FNBA)
Institution Rating:
A5.0 ★Texas Ratio: 13.60%
315 N Division St, Traverse City, MI 49684
Business High-Yield Savings
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Traverse Catholic Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.39%
3797 Veterans Dr, Traverse City, MI 49684 4516
STUDENT SHARES
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
LMCU Lake Michigan Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.47%
310 W Front St, Traverse City, MI 49684 2279
Kids Club Savings
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Qualifying balance up to $1,000
The Huntington National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.60%
1227 E Front St, Traverse City, MI 49686
High-Yield Savings
2.98%
$5,000
▼
Rate0.00%
Min Deposit$5,000
Min Balance—
UpdatedMar 27, 2026
Details
Minimum of $5,000 not currently deposited at Huntington.
Northwest Consumers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.20%
2948 Garfield Rd N, Traverse City, MI 49686 5008
60 MTH CU SHARE CERT
2.53%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 6
2.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Northwest Consumers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.20%
2948 Garfield Rd N, Traverse City, MI 49686 5008
24 MTH CU SHARE CERT
2.02%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedMar 20, 2026
Details
Northwest Consumers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.20%
2948 Garfield Rd N, Traverse City, MI 49686 5008
36 MTH CU SHARE CERT
2.02%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedMar 20, 2026
Details
Northwest Consumers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.20%
2948 Garfield Rd N, Traverse City, MI 49686 5008
48 MTH CU SHARE CERT
2.02%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 5
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA - Tier 6
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 5
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
Business IMMA - Tier 5
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IRA-HSA IMMA - Tier 6
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
3752 N US Highway 31 S, Traverse City, MI 49684 4443
IMMA
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Northwest Consumers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.20%
2948 Garfield Rd N, Traverse City, MI 49686 5008
12 MTH CU SHARE CERT
1.76%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedMar 20, 2026
Details
Northwest Consumers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.20%
2948 Garfield Rd N, Traverse City, MI 49686 5008
15 MTH CU SHARE CERT
1.66%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedMar 20, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
3530 N Country Dr, Traverse City, MI 49684
Junior Savings
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
First National Bank of America (FNBA)
Institution Rating:
A5.0 ★Texas Ratio: 13.60%
315 N Division St, Traverse City, MI 49684
Business Money Market Savings
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
3530 N Country Dr, Traverse City, MI 49684
Health Savings Account (HSA)
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
3530 N Country Dr, Traverse City, MI 49684
Personal Savings
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
3530 N Country Dr, Traverse City, MI 49684
Personal Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Nicolet Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.86%
3530 N Country Dr, Traverse City, MI 49684
Health Savings Account (HSA)
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
901 S Garfield Ave, Traverse City, MI 49686
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%
901 S Garfield Ave, Traverse City, MI 49686
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%
3530 N Country Dr, Traverse City, MI 49684
Health Savings Account (HSA)
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Powered by
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.
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 Savings Rate Trends
Compare local Traverse City, 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
2.720%
▲ 0.821 from last week
Michigan high-yield savings rates rose 0.821 points this week to 2.720% APY, up from 1.899% last week.
Standard Savings — MI Avg
0.670%
▲ 0.527 from last week
Michigan standard savings rates rose 0.527 points this week to 0.670% APY, up from 0.144% last week.
As of Mar 27, 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 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 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 Traverse City, 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 Traverse City, 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 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 savings rates change in Traverse City, 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 Traverse City, 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 Traverse City, Michigan?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Traverse City, Michigan offer in-person customer service, which some customers prefer.
How do I open a savings account in Traverse City, 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 Traverse City, Michigan
Here are recent savings rates observed in Traverse City, Michigan and the surrounding area:
- Michigan State University Federal Credit Union
Savings Builder - Tier 1 — 5.00% APY - Northwest Consumers Federal Credit Union
Share Pledge Loan — 4.00% APY - The Huntington National Bank
High-Yield Savings — 3.55% APY - PNC Bank
PNC High Yield Savings® — 3.25% APY - First National Bank of America (FNBA)
Business High-Yield Savings — 3.25% APY
Savings 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: March 27, 2026
