Bank of Ann Arbor

Overview / Commentary
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 389th largest bank in the nation. It was established in 1996 and as of December of 2023, it had grown to 331 employees at 18 locations. Bank of Ann Arbor's CD rates are 5X the national average, and it has an A health rating.

Reviews (4)

Bank Of Ann Arbor - More Than Just Great Billboards

Living in Ann Arbor Mi offers one a lot of options with respect to your personal banking. I'll admit, I chose Bank of Ann Arbor for their clever billboard commercials. They also have even funnier radio spots, but I didn't know that until after I had been banking there for awhile. (FYI, the spots are very ingrown. You wouldn't get them unless you've lived here awhile. But they're basically anti-big chain, impersonal bank.) Anyway, despite not having the most locations in town, I liked banking here. Nice lobby. Decent hours. Solid ATM game. It's really a shame there aren't more local banks like this anymore. Very knowledgeable about the city as well as committed to the city as evidenced by how many varied events they sponsor. Overall, the experience was very good. Professional and personable tellers as well!

High Fees And Problematic Web Banking

Posted by: |

While I try to support small local businesses, and like the locations and a lot of the feel of dealing with the Bank of Ann Arbor - I am seriously looking at changing. Been a customer for over a decade.

$9.00/ month service fees and problematic website makes it very difficult to justify why I have been as tolerant as long as I have. I am often away on business out of the Country and need a Bank that has a problem-free website for electronic banking.

Friendly but Limited Service

Posted by: |

Working with a small local bank can seem really appealing. It's comforting to know that you would be dealing with local people in your community instead of having to deal with a large institution instead of just being a number in a database. While local banks can seem inviting for being more personable, don't let that fool you.
The Bank of Ann Arbor is a good example of this. They have a warm and friendly outside, but at the end of it, they just want to manage your money while doing the least amount of work as possible. You're much better off looking elsewhere because there simply isn't much you can do with an account there. Out of state and need money without fees? Too bad, that's not what you would get from Bank of Ann Arbor.

High Fees And No Interest Rate Guarantee


While the 2.8% rate is good as of 8.22.13, it is a drop from a higher rate as of February according to the official in charge of HSA policy at the bank. He did assure that it wasn't likely to drop drastically but he was honest about the fact that the trend is toward lowered rates over time. I'm disappointed by the high fees, $4 a month, and $12 to open the account. There is no fee to transfer out the HSA to another institution. The checks cost $3 for a book of 20 checks, but the debit card is free. 




Health Grade Components

FDIC Certificate #34120
Year Established1996
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.57%
Return on Equity - YTD12.75%
Annual Interest Income$152.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$3.09B$3.02B
LoansQ4 2023vs Q4 2022$2.39B$2.21B
DepositsQ4 2023vs Q4 2022$2.56B$2.57B
Equity CapitalQ4 2023vs Q4 2022$398MM$359.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$24.9MM$35.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$6.6MM$7.2MM
Real Estate OwnedQ4 2023vs Q4 2022$344K$386K
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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

3.50%*$10k*-Health Savings Accounts
OTHER TIERS: 0.20% Up to $1k | 0.50% $1k - $5k | 1.25% $5k - $10k
1.20%--Youth Savings Account
1.20%--Passbook Savings
1.20%--Statement Savings

Bank of Ann Arbor Money Market Rates

1.85%*$1m*-Money Market Savings
OTHER TIERS: 0.35% $1 - $5k | 0.60% $5k - $25k | 0.95% $25k - $100k | 1.30% $100k - $500k | 1.60% $500k - $1m
1.75%*$1m*-Commercial Money Market Checking
OTHER TIERS: 0.55% $1 - $100k | 1.20% $100k - $1m
0.95%*$10k*-Personal Money Market Checking
OTHER TIERS: 0.15% $1 - $10k

Bank of Ann Arbor Checking Account Rates

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

Bank of Ann Arbor CD Rates

4.85%$100k-180 - 269 Day Jumbo CD
4.75%$1k$100k6 Month Retail CD
4.65%$100k-270 - 365 Day Jumbo CD
4.55%$1k$100k12 Month Retail 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
1.80%$100k-120 - 179 Day Jumbo CD
1.60%$100k-90 - 119 Day Jumbo CD
1.55%$1k$100k3 Month Retail CD
1.40%$100k-30 - 89 Day Jumbo CD
1.10%$100k-7 - 29 Day Jumbo CD


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