Independent Bank


Overview / Commentary
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

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
Rates
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Always verify rates and promotions with the bank or credit union. We are not Independent Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
Locations

Availability



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