Banking Rates & News

Detroit Metro Area

Including Detroit, Ann Arbor, Sterling Heights, Warren, Troy, Dearborn, Livonia, Southfield, Novi, Clinton Township, and 170 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

Michigan State Univ FCU Raises 5-year Jumbo CD Rate
Deal Summary: 5-year Jumbo Certificate, 2.38% APY, $100k minimum deposit. Availability: Easy membership requirement by joining the Michigan United Conservation Clubs; relationship with Michigan State University or Oakland University; more
Crestmark Bank Has Top-Rate, Nationally Available CDs
Deal Summary: 6-month CD (1.50% APY), 9-month CD (1.55% APY),12-month CD (1.70% APY), 18-month CD (1.75% APY), $25k minimum/$250k maximum deposit. Availability: Nationwide Michigan-based Crestmark Bank (Crestmark) is currently offering
ELGA CU (MI) Adds Kasasa Saver, 1.35% APY Up To $100k
Deal Summary: Kasasa Cash, 2.02% APY, up to $15k; Kasasa Saver, 1.35% APY, up to $100k. Availability: Six mid-Michigan counties; several SEGs including State of Michigan government agencies ELGA Credit
30-Month CD Special In Southeastern Michigan
Oakland County Credit Union promotion: 30-month certificate special 1.76% apy $250,000 and above 1.71% apy $100,000 to $249,999 1.66% apy $500 to $99,999 https://www.oaklandcountycu.com/Rates_226.html
Chemical Bank (MI/OH/IN) Marks 100 Years With 15-Month CD Special
Deal Summary: 15-month CD Special (1.50% APY), $100 min/$1.5 million max, new money. Availability: Market area includes Michigan’s Lower Peninsula, northeast and central Ohio, and northern Indiana. In celebration of
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