Main Street Bank (MI)

Popular Accounts at this Bank

3.00%Reward Checking
1.75%Reward Savings
3.25%5-year CD
View all Main Street Bank (MI) rates »

Overview / Commentary
31780 Telegraph Road
Bingham Farms, MI 48025

Main Street Bank (MI) is headquartered in Bingham Farms and is the 51st largest bank in the state of Michigan. It is also the 2,475th largest bank in the nation. It was established in 2005 and as of December of 2018, it had grown to 97 employees at 2 locations. Main Street Bank (MI)'s CD rates are 3X the national average, and it has an A health rating.

Related Posts

Main Street Bank Ups Nationally Available Kasasa Cash To 3.00% APY - 3/4/2019

Main Street Bank has raised the rate on its nationally available Kasasa Cash Checking account to 3.00% APY on qualifying balances to $30k. Min opening deposit is $100.

Main Street Bank (MI) Has SLASHED Their Interest Rates According To Webpage - 9/2/2018

APY MIN MAX ACCOUNT DETAILS 2.53% $500 - 60 Month CD down from 3.25% 2.43% $500 - 48 Month CD down from 3.15% 2.23% $500 - 36 Month CD down from 3.00% 2.22% $500 - 24 Month CD down from 2.75% 2.12% $500 - 18 Month CD down from 2.50% 2.02% $500 - 12 Month CD UP from 2.00% 1.26% $500 - 6 Month CD down from 1.75%

Main Street Bank Ups Nationally Available 36-Month CD - 8/20/2018

Main Street Bank (MI) has raised the rates on its nationally available CDs: 36-month (3.00% APY) and 48-month (3.15% APY). Minimum deposit is $500.

View all posts from:

Fantastic Customer Service Bank

This bank goes out of its way to help its cus tomers. I love there Kasasa Cash checking. It is a great checking account with easy requirements to earn a high interest rate. I have worked for 3 banks and I find this bank easy to understand and great interest on all there banking products. If you need help they are a phone call away with live people not recordings. I live in Florida but would not bank daily with any other bank. Love this bank.

Wish They Were Easier

Posted by: crocpa | Apr 11, 2016

This bank has friendly responsible staff and they pick up the phone when you call. I wish they were easier to transact with though. Their mobile deposit has a $1.5K limit. The atm daily limit is $300. I recently called to place a claim for a double charge and was told to go back to the merchant. After requesting the account disclosure and 5 emails later was I referred to the branch supervisor to place a claim. I recommend the bank, just wish they would make it easier.

18 Monthe CD Rate Shown Is Not Correct

The 3% APY for an 18 month CD as shown from your search tool is incorrect and not available. If one clicks the on more detailed listing of rates, or if one goes to the bank's website, the APY available is (only) 2.5% for an 18 month CD

Statement Cycle

Posted by: elarh | Sep 8, 2017

Does the statement cycle coincide with a calendar month? If not, what is the statement date?



Health Grade Components

FDIC Certificate #57878
Year Established2005
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD8.87%
Annual Interest Income$12.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$255.2MM$227.5MM
LoansQ4 2018vs Q4 2017$236.7MM$207.0MM
DepositsQ4 2018vs Q4 2017$221.1MM$196.7MM
Equity CapitalQ4 2018vs Q4 2017$23.2MM$21.9MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.3MM$1.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$620.00K$206.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Main Street Bank (MI); 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.

Main Street Bank (MI) Savings Account Rates

1.75%-$100kFree Kasasa Saver for Kasasa Cash
1.00%*-$50kFree Kasasa Saver for Kasasa Cash Back
OTHER TIERS: 0.50% $50k+
0.75%*$400k*-Main Street Bank Savings Account
OTHER TIERS: 0.15% $100 - $100k | 0.25% $100k - $200k | 0.50% $200k - $400k

Main Street Bank (MI) Money Market Rates

0.50%*$50k*-Money Market Account
OTHER TIERS: 0.10% $2.5k - $25k | 0.30% $25k - $50k
0.50%*$50k*-Business Money Market Account
OTHER TIERS: 0.10% $2.5k - $25k | 0.30% $25k - $50k

Main Street Bank (MI) Checking Account Rates

3.00%-$30kFree Kasasa Cash Checking

Main Street Bank (MI) CD Rates

3.25%$500-60 Month CD
3.15%$500-48 Month CD
3.00%$500-36 Month CD
2.75%$500-24 Month CD
2.50%$500-12 Month CD
2.50%$500-18 Month CD
1.75%$500-6 Month CD

Main Street Bank (MI) Locations
Main Street Bank31780 Telegraph RoadBingham Farms, MI 48025
Troy Branch363 West Big Beaver Road Suite 150Troy, MI 48084

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