5.50% 9-Month / 5.50% 5-Month CD at a Michigan Bank (Bank of Auburn Hills)

Bank of Auburn Hills is offering a special certificate of deposit with a yield of 5.50% APY for terms between 5 and 9 months. The minimum deposit is $5,000, and it requires money new to the bank. The CD is listed on the home page in the featuring area with the animated display.

It's a small bank with one office in Auburn Hills that was established in 2005. It's FDIC insured (FDIC Certificate # 57984).

Tags: Michigan, CD rates