Dart Bank (MI) Offers Competitive 13-Month Jumbo CD Statewide

Availability and Account Opening

Headquartered in Mason, Michigan, Dart Bank’s market area has expanded from three central Michigan counties to include all 83 Michigan counties.

Opening a Jumbo CD/CD Special can be done online or at any of four full-service Michigan branches, which are located in Delhi Township, Grand Ledge, Lansing, and Mason. Current Dart Bank customers can also open a Jumbo CD/CD Special using Dart Bank’s Online Banking platform.

Funding and Other Details

The following information is from a conversation with a very helpful CSR.

Funding – ACH (online or in-branch) or check (in-branch).
Interest – Compounded/credited quarterly but cannot be withdrawn.
Maturing Funds – Cashier’s check to address on file or internal transfer.
Beneficiaries – Unlimited with percentages assigned; Social Security numbers are preferrable but not required.
Grace Period – 10 calendar days before automatic renewal.
Credit Check – ChexSystems.

Bank Overview

Dart Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 1.62% (excellent) based on June 30, 2022 data. Dart Bank has an excellent capitalization level (11.12%), the result of holding $754.25 million in assets with $83.84 million in equity. Please refer to our financial overview of Dart Bank (FDIC Certificate # 5033) for more details.

The Dart Bank is currently the 22^nd largest bank headquartered in Michigan, with deposits in excess of $619 million and more than 13,000 customer accounts. Founded in 1925 as The Dart National Bank of Mason, the Bank bears the name of its founder, Rollin Charles Dart. Prior to 1925, it operated as R. C. Dart & Company, Bankers, a private bank. The Dart Bank re-brand occurred in 1998, although the Bank is frequently associated with the color pink.

There is something you need to know about this building into which we moved in 1937. At the time of moving, Lovicia Dart, wife of Rollin C. Dart, asked her husband if she could select the paint for the new headquarters. Rollin told her she could. Her favorite color was a soft buff. The paint was chosen and carefully applied, but for one reason or another, the paint, when applied, became what could be aptly called an “ice cream pink,” or “candy pink.” The color was much commented upon and that same shade of pink was maintained from then on, until the bank moved to the new building on Park Street, in 1969.

The constant associations of the Dart Bank with the color pink multiplied with the passing years. People living in other parts of the country who were not familiar with the bank’s name recalled “the pink bank on the courthouse square” from their travels. For whatever value the association with pink might or might not have, it became obvious that it was with us for keeps. The bank’s President, (Rollin B. Dart) therefore, launched the slogan, “Think Pink, Think Dart National” in the late 1950s. It is still in use, as “Think Pink, Think Dart Bank.”

How the 13-Month Jumbo CD Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available statewide in Michigan, only one credit union has a higher rate than currently offered on the Dart Bank 13-Month Jumbo CD Special, regardless of minimum deposit requirements. The following table compares the 13-Month Jumbo CD Special to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 1/19/2023.

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