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Independent Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.independentbank.com
616-363-1207
4200 E. Beltline Avenue Ne
Grand Rapids, MI 49525

Independent Bank is headquartered in GRAND RAPIDS and is the 4th largest bank in the state of Michigan. It is also the 274th largest bank in the nation. It was established in 1890 and as of March of 2025, it had grown to 779 employees at 59 locations. Independent Bank's money market rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27811
Year Established1890
Employees779
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD13.54%
Annual Interest Income$66.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$5.32B$5.23B
LoansQ1 2025vs Q1 2024$4.02B$3.79B
DepositsQ1 2025vs Q1 2024$4.7B$4.65B
Equity CapitalQ1 2025vs Q1 2024$487.4MM$441.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$60MM$56.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$7.1MM$3.7MM
Real Estate OwnedQ1 2025vs Q1 2024$403K$1MM
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Independent Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$250k*-Eagle Savings
OTHER TIERS: 0.01% → $0 - $10k | 0.07% → $10k - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k | 0.45% → $100k - $250k
0.80%*$250k*-Swift Savings
OTHER TIERS: 0.01% → $0 - $10k | 0.07% → $10k - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k | 0.45% → $100k - $250k
0.03%*$2.5k*-Health Savings Account
OTHER TIERS: 0.01% → $0 - $2.5k

Independent Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%*$250k*-Relationship Money Market w/ Checking
OTHER TIERS: 0.06% → $0 - $10k | 0.12% → $10k - $25k | 0.60% → $25k - $50k | 1.31% → $50k - $100k | 1.87% → $100k - $250k
2.38%*$250k*-Relationship Money Market w/o Checking
OTHER TIERS: 0.01% → $0 - $10k | 0.07% → $10k - $25k | 0.55% → $25k - $50k | 1.26% → $50k - $100k | 1.81% → $100k - $250k

Independent Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$10kONE Account 46+ Transactions
OTHER TIERS: 0.10% → $10k+
1.51%*$0$10kONE Account 31-45 Transactions
OTHER TIERS: 0.10% → $10k+
0.75%*$0$10kONE Account 21-30 Transactions
OTHER TIERS: 0.10% → $10k+
0.25%*$0$10kONE Account 11-20 Transactions
OTHER TIERS: 0.10% → $10k+
0.10%*$10k*-ONE Account 0-10 Transactions
OTHER TIERS: 0.01% → $0 - $10k

Independent Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.07%$1k-3 Month CD Special w/ Checking
4.00%$10k-3 Month New Customer CD Special
3.92%$1k-7 Month CD Special w/ Checking
3.71%$1k-13 Month CD Special w/ Checking
1.97%$500-24 Month CD
1.92%$500-12 Month CD
1.87%$500-6 Month CD
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