Featured Savings Rates
Featured Accounts

Main Street Bank (MI)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.25%Reward CheckingKasasa Cash
1.25%1-year CD12 Month CD
1.00%Reward SavingsKasasa Saver

Overview / Commentary
248-645-8888
31780 Telegraph Road
Bingham Farms, MI 48025

Main Street Bank (MI) is headquartered in Bingham Farms and is the 55th largest bank in the state of Michigan. It is also the 2,695th largest bank in the nation. It was established in 2005 and as of December of 2017, it had grown to 99 employees at 2 locations. Main Street Bank (MI)'s savings rates are 44% higher than the national average, and it has an A health rating.

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Statement Cycle

Posted by: elarh | Sep 8, 2017

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

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.

Promises, Promises...But No Interest!

Posted by: hm789 | Apr 25, 2018

This bank will find any technicality to avoid paying Kasasa interest. It's a huge hassle to open and fund an account, only to learn you earned almost NOTHING in INTEREST! You get .01%,the bank earns 10%-18% on YOUR money!
Customer service is a lot to be desired..
Best Advice, Take your Money and your Business ELSEWHERE.

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Health

Health Grade Components

Overall
FDIC Certificate #57878
Year Established2005
Employees99
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5.63%
Annual Interest Income$10.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$227.7MM$217.8MM
LoansQ4 2017vs Q4 2016$207.0MM$197.5MM
DepositsQ4 2017vs Q4 2016$196.7MM$194.2MM
Equity CapitalQ4 2017vs Q4 2016$21.9MM$19.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.3MM$1.3MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$370.00K$780.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Saver
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Money Market Account
OTHER TIERS: 0.10% $2,500 - $25k | 0.30% $25k - $50k
0.50%*$50k*-Business Money Market Account
OTHER TIERS: 0.10% $2,500 - $25k | 0.30% $25k - $50k

Main Street Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$25kKasasa Cash
OTHER TIERS: 0.25% $25k+

Main Street Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month CD
1.90%$500-48 Month CD
1.70%$500-36 Month CD
1.50%$500-24 Month CD
1.35%$500-18 Month CD
1.25%$500-6 Month CD
1.25%$500-12 Month CD
Locations


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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