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Browse through the stories below to view current deals for Michigan banks or select an item from the menu bar above to view current rates in Michigan.

Competitive CD Rate Specials at Fifth Third Bank in Several States
Fifth Third Bank (OH)

Another large regional bank has come out with new CD specials. Fifth Third Bank has improved the CD specials that it started to offer in January. Its two best CD specials are a 2.00% APY 5-year CD and a 1.50% APY 44-month CD. There’s also a 28-month CD with a 1.00% APY. Minimum deposit is $5,000, and a new or existing checking account is required. These rates are listed in Fifth Third’s CD promotional page as of 7/8/2014.

It’s important to note that the early withdrawal penalty for CD terms...

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Flagstar Bank Improves Savings Account Promotion - Michigan Only - 1.15%
Flagstar Bank

Flagstar Bank has made a nice change to its savings account promotion. The new promotion now guarantees a 1.15% APY for the first 12 months on its SimplySavings savings account. The old promo had only guaranteed a 1.05% rate for the first 6 months. Like the old promo, there’s no maximum balance, and no checking account is required. New money is required. This offer is listed at Flagstar’s SimplySavings promo page as of 6/11/2014.

Below is the offer’s small print:

I don’t see any significant issue in the small print. You...

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Competitive Reward Checking Account at Citizens Community Federal in MN, WI and MI
Citizens Community Federal

Citizens Community Federal has a competitive high-yield reward checking account that can be a good deal for many residents of Minnesota, Wisconsin and Michigan. The bank calls the account Freedom Rewards Checking. The bank also has a savings account that links to this checking account, but the savings account rate is disappointing as compared to internet savings accounts. Below is a summary of these two accounts as of 5/8/2014:

The following are the Freedom Rewards Checking account rates and ATM fee refund policy if certain monthly requirements are met:

  • 2.00% APY...
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PNC’s New Account Bonuses of up to $400 in Several States

PNC Bank has some new promotions for its Virtual Wallet accounts. If you live in one of the qualifying states, you can earn up to $400 in bonuses. This is a big increase from its past promotions. You still have to be careful to avoid monthly service charges.

Here’s the link to PNC’s $400 promotion page. The offer is scheduled to end on 8/29/2014 5/31/2014. You can open the account online or choose to have them email you a coupon to take to a branch. There are three levels of bonuses....

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Another Michigan Savings Account Promotion at Flagstar Bank
Flagstar Bank

Flagstar Bank is again offering a nice savings account promotion for Michigan residents. Flagstar is guaranteeing a 1.05% rate for the first six months on its SuperSmart Savings Account. There’s no maximum balance, and no checking account is required. New money is required. This rate is listed at Flagstar’s SuperSmart promo page as of 4/4/2014. Note, this page shows a 1.05% 6-mo interest rate and a 0.65% APY. That’s due to the APY being based on the average rate during the first year. After the first six months, a standard...

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Special 14-Month CD at Cornerstone Community Financial in MI and OH
Cornerstone Community Financial Credit Union

Cornerstone Community Financial Credit Union is offering a competitive special 14-month CD with a 1.14% APY. Minimum deposit is $1,000, and the maximum is $250,000. It’s only for new deposits that are not already on deposit at the credit union. This special is listed at the top of the credit union’s CD rate table as of 3/19/1024.

Membership at Cornerstone Community Financial Credit Union is open to all those who live, work, worship, regularly do business in, or attend school in any of the following Michigan and Ohio counties: Genesee, Jackson,...

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KeyBank $200 Checking Account Bonus in Some States
KeyBank

Update: This promotion has been extended to May 30, 2014. The new promo code is ONFT0514.

KeyBank has another checking account promotion. Last month it was giving away a Kindle Fire HD. That has been replaced with a $200 cash bonus. Like before it's an online-only offer, and it’s only available in certain areas of the country that are in KeyBank’s market area (see below). Here’s the link to KeyBank’s promo page. The offer is scheduled to last until May 2, 2014.

The bonus requires that you open a qualifying KeyBank...

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Kindle Fire HD Checking Account Bonus at KeyBank in Some States
KeyBank

KeyBank has another checking account promotion. Unlike its past ones, this one offers a free 16GB Kindle Fire HD instead of cash.That Kindle model is currently selling on Amazon for $169. Like before it's an online-only offer, and it’s only available in certain areas of the country that are in KeyBank’s market area (see below). Here’s the link to KeyBank’s promo page. The offer is scheduled to last until February 28, 2014.

The bonus requires that you open a qualifying KeyBank checking account online and enter offer code ONFT0114 by February...

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PNC’s $200 Checking Account Bonus in Several States

PNC Bank has started to offer a $200 checking account bonus. This is an upgrade to the bank’s usual $150 bonus. You still have to be careful to avoid monthly service charges. Here’s the link to PNC’s promotion page. The offer is scheduled to end on 2/28/2014. You can open the account online or choose to have them email you a coupon to take to a branch. Here's a summary of the requirements to qualify for the bonus:

  • Open a Virtual Wallet with Performance Spend online or at a branch using...
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Checking and Money Market Promotions at Fifth Third Bank
Fifth Third Bank (OH)

Fifth Third Bank has a new checking account promotion. They’ll give $150 to Stand Up To Cancer and $150 to you when you open a new checking account with direct deposit and make three online bill payments. The account must be opened by March 31, 2014. The direct deposit and the three online bill payments must be completed within 90 days of account opening to qualify for the bonus. Bonus will be deposited into the new checking account within 6 weeks of completing requirements. The full details of this offer...

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Huntington’s Asterisk-Free Checking $150 Bonus in 6 States
Huntington National Bank

Huntington Bank has again come out with a sign-up bonus for its Asterisk-Free Checking. This is one of the rare free checking accounts that still exists at big banks. It has no monthly service fee or minimum balance requirement.

It’s a $150 bonus. Here’s the link to the bank’s promotion page. It’s scheduled to end on 3/14/2014. The bonus is now easier to qualify for. Unlike last year, there’s no debit card usage requirement. This one only requires the following two steps:

  • Open a new personal checking account using the apply...
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Fifth Third Bank’s New CD Rate Specials in Several States
Fifth Third Bank (OH)

Fifth Third Bank has come out with some new CD specials. There are two changes from Fifth Third’s CD promotions from last fall. For most of Fifth Third’s market area, the bank is offering a 1.75% APY 5-year CD. For the Florida market, this long-term CD promotion is a 2.00% APY 6-year CD. The other CD promotions are the same as last fall with a 1.50% APY 4-year CD, a 1.25% APY 38-month CD and a 1.00% APY 28-month CD. Minimum deposit is $5,000, and a new or existing checking...

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