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Independent Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
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
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.20%
Our Rating
3.6  / 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 5/20/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
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
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.36%
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 5/20/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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
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 3rd largest bank in the state of Michigan. It is also the 276th largest bank in the nation. It was established in 1890 and as of December of 2024, it had grown to 788 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 Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27811
Year Established1890
Employees788
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD15.46%
Annual Interest Income$267.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$5.33B$5.26B
LoansQ4 2024vs Q4 2023$3.99B$3.75B
DepositsQ4 2024vs Q4 2023$4.72B$4.68B
Equity CapitalQ4 2024vs Q4 2023$478.2MM$430.4MM
Loan Loss AllowanceQ4 2024vs Q4 2023$59.4MM$54.7MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$6MM$5.2MM
Real Estate OwnedQ4 2024vs Q4 2023$891K$569K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
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
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.20%
Our Rating
3.6  / 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 5/20/2025
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
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.36%
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 5/20/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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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* 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%$1k-3 Month CD Special w/ Checking
3.82%$1k-7 Month CD Special w/ Checking
3.66%$1k-13 Month CD Special w/ Checking
1.97%$500-24 Month CD
1.92%$500-12 Month CD
1.81%$500-6 Month CD
Locations

Availability

Grand Rapids Area

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