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.
With school starting soon, it's a good time to review your college savings plan options. And if you say, "What college savings plan?", you may want to consider Citizens Bank's "CollegeSaver Account," as a starting point. The CollegeSaver Account pays a $1K bonus at the end of the deposit term. You will owe taxes on the interest, as the CollegeSaver Account is not a 529, but the funds saved and the $1K bonus do NOT have to be spent on educational costs.
To qualify for the...Continue Reading
As part of their "Summer 2014 Dollars & Sense" promotion, Frankenmuth Credit Union (Michigan) is offering a trio of CD Specials with very competitive rates and attractive lengths of term: 37-month CD Special (2.00% APY), 21-Month CD Special (1.51% APY), and 13-month CD Special (1.00% APY). The minimum deposit to open any of the three CDs is $500, with the 13- and 21-Month CDs requiring new money, but the 37-month CD is also available to funds already on deposit with Frankenmuth Credit Union.
Frankenmuth Credit Union...Continue Reading
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...Continue Reading
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...Continue Reading
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:
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....
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...Continue Reading
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,...Continue Reading
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...Continue Reading
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...Continue Reading
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:
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...Continue Reading