First State Bank (MI)

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

4.30%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

fsb.bank

586-775-5000

24300 Little Mack
St. Clair Shores, MI 48080

First State Bank (MI) is headquartered in EASTPOINTE and is the 11^th largest bank in the state of Michigan. It is also the 824^th largest bank in the nation. It was established in 1917 and as of March of 2025, it had grown to 184 employees at 11 locations. First State Bank (MI)'s money market rates are 9X the national average, and it has an A health rating.

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	15032
Year Established	1917
Employees	184
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.06%
Return on Equity - YTD	12.36%
Annual Interest Income	$16.6MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.32B$1.28B
Loans	Q1 2025vs Q1 2024	$816.6MM$694.4MM
Deposits	Q1 2025vs Q1 2024	$1.21B$1.03B
Equity Capital	Q1 2025vs Q1 2024	$113.1MM$97.6MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$13.3MM$13.4MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$3.2MM$1.2MM
Real Estate Owned	Q1 2025vs Q1 2024	$583K$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

4.30%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First State Bank (MI) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$0	$2k	Holiday Savings Club Account
OTHER TIERS: 0.01% → $2k+
0.05%	$0	-	Health Savings Account
0.01%	$0	-	Minor Savings Account
0.01%	$0	-	Statement Savings Account
0.01%	$0	-	Premium Savings Account
0.01%	$0	-	Business Savings Account

First State Bank (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%^*	$75k^*	-	Business Money Market Account
OTHER TIERS: 0.05% → $0 - $20k \| 3.00% → $20k - $40k \| 3.50% → $40k - $75k
4.00%^*	$25k^*	-	Purpose Money Market
OTHER TIERS: 0.01% → $0 - $1k \| 3.00% → $1k - $5k \| 3.50% → $5k - $25k

First State Bank (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$0	-	Business Interest Checking Account
0.05%	$0	-	Interest on Lawyer Trust Accounts
0.05%	$0	-	Public Funds Interest Checking
0.01%	$0	-	Premium Checking Account
0.01%	$500	-	Classic Checking Account

First State Bank (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$1k	-	6 Month Fixed Rate CD
3.80%	$1k	-	12 Month Fixed Rate CD
0.05%	$1k	-	6 Month $250 Easy CD
0.05%	$1k	-	30 Day Fixed Rate CD
0.05%	$1k	-	91 Day Fixed Rate CD
0.05%	$1k	-	18 Month Fixed Rate CD
0.05%	$1k	-	24 Month Fixed Rate CD
0.05%	$1k	-	30 Month Fixed Rate CD
0.05%	$1k	-	36 Month Fixed Rate CD
0.05%	$1k	-	48 Month Fixed Rate CD
0.05%	$1k	-	60 Month Fixed Rate CD

Locations

Availability

Detroit Area

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