Banking Rates & News

Detroit Metro Area

Including Akron, Algonac, Allen Park, Almont, Ann Arbor, Applegate, Armada, Attica, Auburn Hills, Belleville, and 166 other towns.

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Banking in the Detroit Area

For residents of Detroit and the surrounding suburbs, there are many banks that can help you reach your financial goals. Whether you are looking to purchase your first home or to open a college savings account for your newborn child, the financial institutions in the Detroit area will help you seamlessly realize your vision for the future.

There currently are approximately 35 banks and 105 credit unions that have established their headquarters in the Detroit area. Some of the prominent institutions include Genisys Credit Union, Flagstar Direct, DFCU Financial, Lake Trust Credit Union, and Talmer Bank and Trust. In the Detroit area, nearly 1,900 branches from over 65 banks and 135 credit unions do business daily. The oldest active institution in the area Comerica Bank, which was established in 1849 as the Detroit Savings Fund Institute.

In addition to its banking institutions, Detroit offers a variety of attractions for its residents. Art and cultural institutions include the Detroit Institute of Art (DIA) and Motown Record Museum. Several professional sports teams have franchises in the Detroit area, including the Detroit Tigers (Major League Baseball), the Detroit Pistons (National Basketball Association), the Detroit Lions (National Football League), as well as the Detroit Red Wings (National Hockey League).

Originally founded by the French explorer Antoine de la Mothe Cadillac in 1701, the city became the center of the expanding automobile industry in the United States during the early-to-mid 20th century. Today, the city is experiencing a renaissance as it develop new industries to build upon its automotive heritage.

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Local Deals & News

Security Credit Union (MI) Adds 29-Month CD, 2.75% APY
Deal Summary: Rainy Day Share Certificate Specials – 29-month (2.75% APY), 17-month (2.55% APY), 5-month (1.90% APY), $1k minimum deposit, new money. Availability: Michigan residents Security Credit Union (Security CU)
Move Your Money 12-Month CD, 6.00% APY
Offer valid on money not currently on deposit at ELGA Credit Union. One account per social security number. CD value is $1,000.00 only. CD must be opened at the Linden
As Rates Fall, the Appeal of High-Yield Reward Checking Grows
After yesterday’s Fed rate cut (the third since July), I’m afraid savers should expect more rate cuts on their online savings accounts. As those rates fall, high-yield reward checking accounts
American 1 Credit Union Offers Competitive 2-Year and 3-Year CDs
Deal Summary: 2-year CD (2.50% APY), 3-year CD (2.75% APY), $500 minimum deposit. 5-year IRA Certificate (3.03% APY), $50 minimum deposit. Availability: Easy membership requirement. Two of the CDs offered
Dort Federal Credit Union Offers Add-On CDs, From 3 To 60 Months
Deal Summary: AMP Certificates – $100 min/ $50k max deposit, additional deposits allowed up to $50k, 3- to 60-month terms, APYs from 2.05% to 2.85%. Availability: Residents of Michigan counties
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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.