What are the current interest rates at Bank Michigan?

Current rates for Bank Michigan include: 12-Month CD: 4.50%

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Bank Michigan Rates & Review May 2026

Q: How many branches does Bank Michigan operate?

Bank Michigan currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Bank Michigan does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Bank Michigan provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 5, 2026

Bank Michigan's 13-month certificate of deposit rates are at 4.50%. MonitorBankRates evaluates the financial stability of Bank Michigan with a 5.0 Star Rating, an B- Overall Health Grade, and a Texas Ratio of 35.89%. Rates were last updated on 05/05/2026.

Bank Michigan money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Bank Michigan? Share your experience about Bank Michigan by leaving a review below, or read customer reviews before you decide to use Bank Michigan.

Overall Health & Safety Grade

B-

Adequate Health Score: 82/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

35.89%

Fair Higher than avg

Bank Michigan

417 S Main St
Brooklyn, MI 49230

https://www.bankmichigan.bank

Bank Michigan CD Rates

Product	Rate	APY	Term	View More
13-month certificate of deposit	-	4.50%	13
No additional details. Last Updated 05/05/2026 Institution Ratings 3.3 Star Rating D Health Grade ◈ Texas Ratio: 35.89%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Bank Michigan is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Bank Michigan rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Bank Michigan's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Bank Michigan

Bank Holding Company BANK MICHIGAN FINANCIAL CORP

Address 417 S Main St, Brooklyn, MI 49230 · Jackson

Website https://www.bankmichigan.bank

FDIC Certificate # 1008

Established 10/01/1907

FDIC Insurance Date 01/01/1934

Domestic Offices 3

Total Branches 3

Regulator FED

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

B-

Overall Health Grade Score: 82/100

5.0

Exceptional Out of 5.0 Stars

35.89%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) -1.5224%

Return on Equity (ROE) -17.5500%

Non-Performing Loans (NPL) 2.08%

Total Assets $153,545,000

Total Deposits $126,761,000

Equity Capital $18,941,000

Net Income $7,188,000

Headquarters Brooklyn

Total Offices 3

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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Frequently Asked Questions About Bank Michigan

Is Bank Michigan a safe place to deposit money?

Yes, Bank Michigan is considered a safe financial institution. With a Texas Ratio of 35.893117772538%, the institution's financial health is rated as stable. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Bank Michigan operate?

Bank Michigan currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Bank Michigan does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Bank Michigan provides members with tools to manage their accounts and build a solid financial history.

Does Bank Michigan offer online and mobile banking?

Most modern institutions like Bank Michigan provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.bankmichigan.bank.