Banking Rates & News

Detroit Metro Area

Including Detroit, Ann Arbor, Sterling Heights, Troy, Warren, Dearborn, Livonia, Southfield, Clinton Township, Shelby Township, and 169 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

2.75% 17 Month CD Special In Parts Of Michigan, Ohio And Indiana
Chemical Bank has another Fall CD special 2.75% APY 17 Month Minimum Deposit: $100.00 Maximum Deposit per household: $1,500,000.00 No online or US Mail accounts accepted https://www.chemicalbank.com/CD-Special
CIBC Bank Boosts Rate of Agility Savings Account To 2.10% APY
Deal Summary: Agility Savings, 2.10% APY, $1k min/$250k max opening deposit Availability: Nationwide CIBC Bank USA (CIBC) has increased the rate of its Agility Savings account by 20 bps to
Main Street Bank (MI) Has SLASHED Their Interest Rates According To Webpage
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%
Main Street Bank Ups Nationally Available 36-Month CD
Deal Summary: 36-month CD (3.00% APY), 48-month CD (3.15% APY), $500 minimum deposit Availability: Nationwide It’s been more than 2½ years since I last wrote about Michigan-based Main Street Bank.
2.60% APY 18-Month Featured CD For Florida - Fifth Third
18-month CD promo 2.60% APY, 2.57% Rate Minimum Deposit $5,000 https://www.53.com/product/rates/cd Enter your zip code to see this. Haven’t seen any FL zip codes where this doesn’t apply. Not sure
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