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Independent Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.independentbank.com
616-363-1207
4200 E. Beltline Avenue Ne
Grand Rapids, MI 49525

Independent Bank is headquartered in GRAND RAPIDS and is the 4th largest bank in the state of Michigan. It is also the 278th largest bank in the nation. It was established in 1890 and as of September of 2024, it had grown to 800 employees at 59 locations. Independent Bank's money market rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27811
Year Established1890
Employees800
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD15.14%
Annual Interest Income$200.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$5.25B$5.2B
LoansQ3 2024vs Q3 2023$3.9B$3.7B
DepositsQ3 2024vs Q3 2023$4.69B$4.65B
Equity CapitalQ3 2024vs Q3 2023$476.8MM$401.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$57.4MM$55.5MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$5.1MM$4.4MM
Real Estate OwnedQ3 2024vs Q3 2023$752K$443K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
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Always verify rates and promotions with the bank or credit union. We are not Independent Bank; 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.

Independent Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$250k*-Eagle Savings
OTHER TIERS: 0.01% → $0 - $10k | 0.07% → $10k - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k | 0.45% → $100k - $250k
0.80%*$250k*-Swift Savings
OTHER TIERS: 0.01% → $0 - $10k | 0.07% → $10k - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k | 0.45% → $100k - $250k
0.03%*$2.5k*-Health Savings Account
OTHER TIERS: 0.01% → $0 - $2.5k

Independent Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%*$250k*-Relationship Money Market w/ Checking
OTHER TIERS: 0.06% → $0 - $10k | 0.12% → $10k - $25k | 0.60% → $25k - $50k | 1.31% → $50k - $100k | 1.87% → $100k - $250k
2.38%*$250k*-Relationship Money Market w/o Checking
OTHER TIERS: 0.01% → $0 - $10k | 0.07% → $10k - $25k | 0.55% → $25k - $50k | 1.26% → $50k - $100k | 1.81% → $100k - $250k

Independent Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$10kONE Account 46+ Transactions
OTHER TIERS: 0.10% → $10k+
1.51%*$0$10kONE Account 31-45 Transactions
OTHER TIERS: 0.10% → $10k+
0.75%*$0$10kONE Account 21-30 Transactions
OTHER TIERS: 0.10% → $10k+
0.25%*$0$10kONE Account 11-20 Transactions
OTHER TIERS: 0.10% → $10k+
0.10%*$10k*-ONE Account 0-10 Transactions
OTHER TIERS: 0.01% → $0 - $10k

Independent Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.87%$10k-3 Month CD Special - New Money
3.82%$1k-6 Month CD Special
3.76%$1k-13 Month CD Special
1.92%$500-24 Month CD
1.87%$500-12 Month CD
1.81%$500-6 Month CD

Independent Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.92%$500-24 Month IRA
1.87%$500-12 Month IRA
1.81%$500-6 Month IRA
Locations

Availability

Grand Rapids Area

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