Banking Rates & News

Detroit Metro Area

Including Akron, Algonac, Allen Park, Almont, Ann Arbor, Applegate, Armada, Attica, Auburn Hills, Belleville, and 164 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 Schools & Govt Credit Union 11-Mo CD Has Market-Leading Rate
Deal Summary: 11-month CD Special, 5.40% APY, $500 minimum deposit, at least $10k of new money required if existing funds are also used. Availability: All Michigan counties At the end
Some NYCB Deposits May Be At Risk
Formerly NYCB. Some NYCB deposits may be at risk after Moody’s downgrades bank’s ratings again https://www.cnbc.com/2024/03/04/some-nycb-deposits-may-be-at-risk-after-another-moodys-downgrade.html
CIBC Bank Has Competitive In-Branch 13-Month CD Special
Deal Summary: 13-month CD Special, 5.52% APY, $1k minimum/$1m maximum deposit. Availability: In-branch opening available only in California, Florida, Illinois, Michigan, Missouri, and Wisconsin. On Wednesday, CIBC Bank USA (CIBC)
First State Bank (MI) Offers Competitive 15-Month CD Special
Deal Summary: 15-month CD Special, 5.40% APY, $1k minimum deposit, combination of new money and limited existing funds possible. Availability: Macomb and Oakland Counties, Michigan. Although spring can’t arrive soon
ELGA Credit Union (MI) Offers Top Rate on Kasasa Cash Checking
Deal Summary: Kasasa Cash, 6.17% APY, up to $15k. Kasasa Saver, 1.51% APY, up to $250k. Availability: Easy membership requirement in Michigan. It’s been about three years since I last
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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.