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

Michigan CD Specials - 1.75% 27 Month
Community Alliance Credit Union special CDs 1.75% APY 27 months 2.10% APY 57 months Minimum $500 Must be new money
TCF Bank Adds Promo CDs and Elite Savings Account
Deal Summary: Promotional CDs – 26-month (2.00% APY), 13-month (1.50% APY), $500 minimum deposit, new money, in-branch opening only. Elite Savings, 1.30% APY ($10k-$999,999), $10k minimum deposit, new money, rate
Key Bank Is Offering A Promotional 39 Month CD With APY Of 2.05%
Key Bank is offering a 39 Months CD. Minimum Deposit of $10,000.00 is required. The stated APY is 2.05%. Offer may be withdrawn at any time.
Michigan Schools & Government CU Ups 18-month CD Rate
Deal Summary: 18-month CD, 1.70% APY, $500 minimum deposit. Availability: Residents of Michigan’s Lower Peninsula. Yesterday, Michigan Schools and Government Credit Union (MSGCU) raised the rate on its 18-month CD
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
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