Frankenmuth Credit Union (MI) Offers Competitive Jumbo CD Rates


Deal Summary: Jumbo CDs, $100k minimum – 12-month (2.08% APY), 18-month (2.15% APY), 2-year (2.36% APY), 3-year (2.50% APY), and 4-year (2.60% APY).

Availability: All Michigan residents.

Frankenmuth Credit Union (FCU) is currently offering very competitive rates on most of its Jumbo CDs ($100k+). These Jumbo CDs are also available as IRAs, earning the same APYs and with the same funding requirements.

2.60*%$100k-Frankenmuth Credit Union4 Year CD
OTHER TIERS: 1.65% $500 - $100k
2.50*%$100k-Frankenmuth Credit Union3 Year CD
OTHER TIERS: 1.21% $500 - $100k
2.36*%$100k-Frankenmuth Credit Union2 Year CD
OTHER TIERS: 1.15% $500 - $100k
2.15*%$100k-Frankenmuth Credit Union18 Month CD
OTHER TIERS: 1.10% $500 - $100k
2.08*%$100k-Frankenmuth Credit Union12 Month CD
OTHER TIERS: 1.08% $500 - $100k
Rates as of April 26, 2018.

I find it interesting that the difference between the Jumbo CD APYs and the regular CD APYs (less than $100k) is large, ranging between 100 and 129 bps. And I’m a bit surprised that FCU has three CD Specials (13-month, 1.65% APY; 21-month, 1.75% APY; and 37-month, 1.86% APY) that offer rates well below the Jumbo CD rates.

In a Live Chat, CSR stated that the Early Withdrawal Penalty is a substantial "1/2 of the original term’s projected dividends whether earned or not. Balance or principal may be invaded."

Kasasa Cash and Kasasa Saver

In March 2016, I wrote about FCU’s Kasasa Cash (2.50% APY, now up to $15k) and Kasasa Saver (1.25% APY, up to $100k); those rates are still in effect. Complete details about these two Kasasa products can be found in my March 2016 blog post.


Headquartered in Frankenmuth, Michigan, Frankenmuth Credit Union’s field of membership includes “Anyone that lives, works, worships or is educated in the state of Michigan.”

In addition, relatives of a current FCU member also qualify for membership.

Joining FCU and/or opening a Jumbo CD at can be done online or at any of 18 full-service Michigan branches, located in Bay City, Birch Run (2), Caro, Cass City, Elkton, Essexville, Frankenmuth (2), Freeland, Millington, Otisville, Reese, Rockford, Saginaw (2), and Vassar (2).

In addition to the full-service branches, this community-oriented credit union sponsors "Baby" Credit Unions in four local high schools, with services specifically for students and school staff.

FCU has joined the CO-OP network, which gives members access to more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide.

Credit Union Overview

Frankenmuth Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 12.66% (above average) based on September 30, 2017 data. In the past year, FCU has increased its total non-brokered deposits by $51.86 million, an excellent annual growth rate of 13.82%. Please refer to our financial overview of Frankenmuth Credit Union (NCUA Charter # 61755) for more details.

Frankenmuth Credit Union was founded in 1964 by employees of Carling Brewery, with only the brewers and millers of Carling Brewery, Zeilinger Beverage, Geyer's Brewery, and Star of the West Milling, eligible for membership.

It wasn't uncommon in those early days when someone wanted a loan, if the credit union didn't have enough in savings, for staff from the credit union to walk around the brewery asking for additional deposits. People helping people!

With its change to a community charter in 1969, FCU began to grow and today is Michigan’s 23rd largest credit union, with more than 40,600 members and assets in excess of $541 million.

How the Jumbo CDs Compare

When compared to the similar length-of-term CDs tracked by that are available to Michigan residents, Frankenmuth Credit Union’s 12-month Jumbo CD APY currently ranks second.

When compared to the similar length-of-term CDs tracked by that are available to Michigan residents, Frankenmuth Credit Union’s 2-year Jumbo CD APY currently shares the top spot with VIrtualBank’s 24-month eCD APY.

When compared to the similar length-of-term CDs tracked by that are available to Michigan residents, Frankenmuth Credit Union’s 3-year Jumbo CD APY currently ranks first.

When compared to the similar length-of-term CDs tracked by that are available to Michigan residents, Frankenmuth Credit Union’s 4-year Jumbo CD APY currently ranks first.

The above rates are accurate as of 2/8/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Flint CD rates, Grand Rapids CD rates, 1-year CD rates, 5-year CD rates

Frankenmuth CU (MI) Features 13-Month CD Special
Deal Summary: 13-month CD Special, 1.60% APY, $500 minimum deposit, new money, limited time offer.

Availability: All Michigan residents.

For the past few years, Frankenmuth Credit Union (FCU) has run a series of summer CD Specials. This year is no different, with three “Summer Sizzler” CD Specials being offered, but only the 13-month CD Special (1.60% APY) has sizzle; the other two (21-month, 1.35% APY and 37-month, 1.50% APY) are more fizzle than sizzle.

The limited-time 13-month CD Special requires new money, simply defined...

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Frankenmuth CU Offers Competitive Kasasa Cash Account
Availability: Residents of Michigan and anyone who was educated in Michigan, regardless of current residency.

After a brief rate drop of about two weeks, Frankenmuth Credit Union's (Frankenmuth CU) Kasasa Cash (2.50% APY on qualifying balances up to $10k) and Kasasa Savings (1.25% APY on qualifying balances up to $100k) accounts have returned to their previous competitive levels.

Kasasa Cash

Frankenmuth CU's Kasasa Cash account currently earns 2.50% APY on qualifying balances up to $10k; balances over $10k earn 0.14% APY, with any non-qualifying balances earning 0.01% APY....

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Frankenmuth CU Offers Michigan's Top Rate 21- Month and 37-Month CDs

UPDATE 3/19/15: 13-month CD Special is no longer available, and rates have been lowered on 21-month CD Special (1.25% APY) and 37-month CD Special (1.65% APY).

Availability: Residents of Saginaw, Tuscola, Bay and Genessee Counties, Michigan.

As part of the "Summer 2014 Dollars & Sense" promotion, Frankenmuth Credit Union (Frankenmuth CU) offered three CD Specials and those competitive rates lasted until the fall months.

Good News: They’re back!

With the hope of spring soon approaching, Frankenmuth CU has raised the rates once again: 37-month CD Special (2.00%...

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Frankenmuth Credit Union's "Summer 2014 Dollars & Sense" CD Specials

UPDATE 10/28/2014: 37-month CD Special is now 1.65% APY.

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...

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5.00% 24-Month CD at Frankenmuth Credit Union in Michigan
Frankenmuth Credit Union is offering a special 5.00% APY 24-month Premier CD. Minimum deposit is $500, and money must be new to the credit union. It requires a Premier Checking Account. The credit is also offering a 20-month CD with an APY of 4.25%. This only requires a minimum deposit of $5,000. These rates are listed in the credit union's rate table as of 12/14/08.

Membership is open to anyone who lives, works, worships or is educated in Saginaw, Tuscola, Bay or Genesee County, Michigan. Please refer to the credit union's...

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