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Bank of Ann Arbor


Overview / Commentary
www.bankofannarbor.com
734-662-1600
125 S. 5Th Ave.
Ann Arbor, MI 48104

Bank of Ann Arbor is headquartered in ANN ARBOR and is the 5th largest bank in the state of Michigan. It is also the 387th largest bank in the nation. It was established in 1996 and as of June of 2024, it had grown to 335 employees at 18 locations. Bank of Ann Arbor's CD rates are 4X the national average, and it has an A health rating.

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Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34120
Year Established1996
Employees335
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.61%
Return on Equity - YTD12.33%
Annual Interest Income$81.9MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$3.14B$3.09B
LoansQ2 2024vs Q2 2023$2.52B$2.37B
DepositsQ2 2024vs Q2 2023$2.46B$2.49B
Equity CapitalQ2 2024vs Q2 2023$411.9MM$380.1MM
Loan Loss AllowanceQ2 2024vs Q2 2023$26.9MM$30.1MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$4.7MM$9.7MM
Real Estate OwnedQ2 2024vs Q2 2023$344K$344K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bank of Ann Arbor; 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.

Bank of Ann Arbor Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$10k*-Health Savings Accounts
OTHER TIERS: 0.20% → $0 - $1k | 0.50% → $1k - $5k | 1.25% → $5k - $10k
1.05%$0-Youth Savings Account
1.05%$0-Passbook Savings
1.05%$0-Statement Savings

Bank of Ann Arbor Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*$1m*-Money Market Savings
OTHER TIERS: 0.35% → $1 - $5k | 0.60% → $5k - $25k | 0.95% → $25k - $100k | 1.30% → $100k - $500k | 1.50% → $500k - $1m
1.50%*$1m*-Commercial Money Market Checking
OTHER TIERS: 0.55% → $1 - $100k | 1.20% → $100k - $1m

Bank of Ann Arbor Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*$500k*-Community Interest Checking
OTHER TIERS: 0.15% → $1k - $10k | 0.90% → $10k - $100k | 1.20% → $100k - $500k
1.35%*$500k*-Smart One Account
OTHER TIERS: 0.15% → $1k - $10k | 0.90% → $10k - $100k | 1.20% → $100k - $500k

Bank of Ann Arbor CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$100k-90 - 119 Day Jumbo CD
4.35%$1k$100k3 Month Retail CD
3.90%$100k-120 - 179 Day Jumbo CD
3.75%$1k$100k6 Month Retail CD
3.75%$100k-180 - 269 Day Jumbo CD
3.55%$1k$100k12 Month Retail CD
3.50%$100k-270 - 365 Day Jumbo CD
2.45%$1k$100k18 Month Retail CD
2.20%$1k$100k2 Year Retail CD
2.10%$1k$100k4 Year Retail CD
2.10%$1k$100k5 Year Retail CD
1.40%$100k-30 - 89 Day Jumbo CD
1.10%$100k-7 - 29 Day Jumbo CD
Locations

Availability

Detroit Area

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