Alger, Michigan CD Rates Today - Compare Best APYs for July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current Alger, Michigan CD rates include Diversified Members Credit UnionDiversified Members Credit UnionA+5.0 ★Texas Ratio: 5.38%Real return: +2.35%APY minus CPI (February 2026) offering 12 Months at 5.15% APY, United Financial Credit UnionUnited Financial Credit UnionA+5.0 ★Texas Ratio: 3.57%Real return: +2.25%APY minus CPI (February 2026) offering 6 month - 4H or FFA CD at 5.05% APY, OMNI Community Credit UnionOMNI Community Credit UnionA+5.0 ★Texas Ratio: 3.29%Real return: +2.20%APY minus CPI (February 2026) offering 12 Month Youth Special at 5.00% APY, Best Financial Credit UnionBest Financial Credit UnionA+5.0 ★Texas Ratio: 3.41%Real return: +2.20%APY minus CPI (February 2026) offering 12 Month Super Kids at 5.00% APY, and Gerber Federal Credit UnionGerber Federal Credit UnionA+5.0 ★Texas Ratio: 3.31%Real return: +1.70%APY minus CPI (February 2026) offering Share Certificate 48 Month at 4.50% APY. CD rates as of July 16, 2026 according to verified data from MonitorBankRates.
Alger is a smaller community with no bank or credit union branches currently in our database. 739 institutions serving the Michigan area are available to Alger residents, with CD rates as high as 5.15% APY from Diversified Members Credit Union. Rates are continually updated — we recommend checking back frequently.
The Annual Percentage Yields (APYs) displayed reflect actual verified offers from top-rated institutions. Rates are subject to change at the institution's discretion without notice and may depend on your initial funding amount. A substantial penalty may be imposed for early withdrawal, which could reduce earnings on the account. CD Rates Last Updated and Verified: July 16, 2026
Compare Best CD Rates in Alger, Michigan & the Surrounding Area
Alger 3 Month CD Rates
Interest Period Compounded & Credited: Quarterly
Interest Period Compounded & Credited: Quarterly
You are solely responsible for complying with any requirements including transaction limitations and penalties for early withdrawal under the Internal Revenue Code or other applicable Federal or State law governing any IRA or other Credit Union accounts.
Regular Term Share Certificates require a minimum balance of $50 to open. Regular term CDs allow additional add on deposits.
Dividends Paid: At Maturity. Penalty: 90 days*
Minimum balance $250,000.00
Minimum balance $150,000.00
Minimum balance $100,000.00
Minimum balance $500.00
Alger 6 Month CD Rates
Maximum investment $5,000
Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
APY= Annual Percentage Yield. Effective 3/1/26: Annual Percentage Yield for for all CDs and IRA CDs includes a .25% bonus for Meijer Team members, Meijer retirees and current MCU members. Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
Quarterly Dividend Transfers, Non-Automatic Renewal, Simple Interest, Paid Quarterly! NEW MONEY ONLY!!! *APY - Annual Percentage Yield. Rates are accurate as of 01/01/2026 and are subject to change without notice
APY*/**; ***
Interest Period Compounded & Credited: Quarterly
Interest Period Compounded & Credited: Quarterly
CD Specials! Limited time offer. Rates subject to change. A penalty may be imposed for early withdrawal. $5.00 Savings Account required. Fees could reduce earnings. Jumbo CD ($100,000 plus) rate bumps available, though not on CD Specials. APY is Annual Percentage Yield. Corresponding 3.69% APR.
Youth Certificates ($200 min. $1000 max). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
$1000 minimum deposit
CDs above $100,000 earn a .10 bonus, excluding CD Specials.
APY will vary depending on the initial certificate deposit amount. There is a penalty for early withdrawal.
Certificates of deposit are a great way to earn better interest on your money. With a minimum deposit of $500.00 to open, you will be reaching your savings goals in no time!
Online Only.
Jumbo Certificates ($25,000 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
APY as high as 3.730%
Penalty may apply for early withdrawal
Alger 12 Month CD Rates
Early Withdrawal Penalty: 90 days interest
Interest Period Compounded & Credited: Quarterly
Interest Period Compounded & Credited: Quarterly
Youth Certificates ($200 min. $1000 max). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Youth CDs are available for members 18 years and under. Certificate must be opened under youth's name and SSN. The CD must have the same joint member as the savings account it is tied to.
Online Only.
NEW MONEY
Additional deposits of $10 or more up to the max limit allowed per day. Youth Flex Certificate is only for members from ages 0-21. One time option to change the rate offered on the same product. One time option to withdraw up to 25% of principal with no penalty.
Promotional Rate. Rates may vary by zip code. APY (Annual Percentage Yield) effective 6/30/2026 for a limited time. See Details.
All Jumbo Certificates require a $100,000.00 minimum deposit.
Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
APY= Annual Percentage Yield. Effective 3/1/26: Annual Percentage Yield for for all CDs and IRA CDs includes a .25% bonus for Meijer Team members, Meijer retirees and current MCU members. Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
APY* is subject to change at any time. Penalty for early withdrawal.
Jumbo Certificates ($25,000 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
APY as high as 3.750%
APY as high as 3.800%
Penalty may apply for early withdrawal
APY as high as 3.950%
Interest paid monthly; Interest paid quarterly
APY will vary depending on the initial certificate deposit amount. There is a penalty for early withdrawal.
Alger 18 Month CD Rates
Featured rate. Online Only.
At maturity, the CD will be renewed into a 24-month CD.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Interest Period Compounded & Credited: Quarterly
Interest Period Compounded & Credited: Quarterly
Interest paid monthly; Interest paid quarterly
The interest rate and APY may change after account opening
Dividends Paid: Monthly. Penalties: 180 days*
Penalty may apply for early withdrawal
APY*. Rates are valid as of 7/14/2026 and subject to change without notice. Fees or penalties could reduce earnings. Early withdrawal penalty on 12-month term or longer is 180-days loss of interest.
Dividends Paid: Monthly. Penalty: 180 days*
VIP Bonus Rate: 3.590%, VIP Bonus APY: 3.65%
1
minimum $50,000
minimum $100,000; Dividends Paid: annually
minimum $250,000; Dividends Paid: annually
VIP Bonus Rate: 3.445%, VIP Bonus APY: 3.50%
Alger 24 Month CD Rates
Youth CDs are available for members 18 years and under. Certificate must be opened under youth's name and SSN. The CD must have the same joint member as the savings account it is tied to.
APY* is subject to change at any time. Penalty for early withdrawal.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
APY= Annual Percentage Yield. Effective 3/1/26: Annual Percentage Yield for for all CDs and IRA CDs includes a .25% bonus for Meijer Team members, Meijer retirees and current MCU members. Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
Interest paid monthly; Interest paid quarterly
Compounding
I.R.A Certificates ($250 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Early Withdrawal Penalty: 180 days interest
Early Withdrawal Penalty: 180 days interest
Youth Certificates ($200 min. $1000 max). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Alger 36 Month CD Rates
APY* is subject to change at any time. Penalty for early withdrawal.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Youth CDs are available for members 18 years and under. Certificate must be opened under youth's name and SSN. The CD must have the same joint member as the savings account it is tied to.
Interest paid monthly; Interest paid quarterly
Early Withdrawal Penalty: 180 days interest
Early Withdrawal Penalty: 180 days interest
I.R.A Certificates ($250 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
minimum $250,000; Dividends Paid: annually
VIP Bonus Rate: 3.687%, VIP Bonus APY: 3.75%
APY= Annual Percentage Yield. Effective 3/1/26: Annual Percentage Yield for for all CDs and IRA CDs includes a .25% bonus for Meijer Team members, Meijer retirees and current MCU members. Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
minimum $100,000; Dividends Paid: annually
minimum $50,000
Alger 48 Month CD Rates
APY* is subject to change at any time. Penalty for early withdrawal.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
minimum $250,000; Dividends Paid: annually
VIP Bonus Rate: 3.832%, VIP Bonus APY: 3.90%
minimum $50,000
minimum $100,000; Dividends Paid: annually
I.R.A Certificates ($250 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Early Withdrawal Penalty: 180 days interest
VIP Bonus Rate: 3.687%, VIP Bonus APY: 3.75%
APY= Annual Percentage Yield. Effective 3/1/26: Annual Percentage Yield for for all CDs and IRA CDs includes a .25% bonus for Meijer Team members, Meijer retirees and current MCU members. Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
Early Withdrawal Penalty: 180 days interest
IRA
Jumbo Certificates ($25,000 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
IRA
Alger 60 Month CD Rates
APY* is subject to change at any time. Penalty for early withdrawal.
Dividends are compounded & credited monthly. There is a penalty for early withdrawal. Rates are subject to change without notice.
Dividends are compounded & credited monthly. There is a penalty for early withdrawal. Rates are subject to change without notice.
Dividends are compounded & credited monthly. There is a penalty for early withdrawal. Rates are subject to change without notice.
Dividends are compounded & credited monthly. There is a penalty for early withdrawal. Rates are subject to change without notice.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
VIP Bonus Rate: 4.073%, VIP Bonus APY: 4.15%
minimum $50,000
minimum $100,000; Dividends Paid: annually
minimum $250,000; Dividends Paid: annually
VIP Bonus Rate: 3.928%, VIP Bonus APY: 4.00%
I.R.A Certificates ($250 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Dividends are compounded & credited monthly. There is a penalty for early withdrawal. Rates are subject to change without notice.
Dividends are compounded & credited monthly. There is a penalty for early withdrawal. Rates are subject to change without notice.
Dividends are compounded & credited monthly. There is a penalty for early withdrawal. Rates are subject to change without notice.
Early Withdrawal Penalty: 180 days interest
APY= Annual Percentage Yield. Effective 3/1/26: Annual Percentage Yield for for all CDs and IRA CDs includes a .25% bonus for Meijer Team members, Meijer retirees and current MCU members. Rate is subject to change without notice. Early withdraw penalties may apply, and may reduce earning.
Compounding
IRA
Early Withdrawal Penalty: 180 days interest
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Alger, MI CD Rate Trends
Compare local Alger, MI CD rate quotes against the statewide average
Daily CD rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Michigan 12-month CD rates rose 0.188 points over the past 7 days to 3.134% APY.
Michigan 6-month CD rates fell 0.020 points over the past 7 days to 2.841% APY.
MI CD Rate Forecast — Next 12 Months
Where are Michigan CD rates headed through July 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
What Your Savings Earn at MI CD Rates Today
Annual interest earnings at today’s Michigan average APYs. State average used where available; national average as fallback.
| CD Term | MI Avg APY | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|
| 3-Month CD | 2.328% | $116.40 | $232.80 | $582.00 | $1,164.00 |
| 6-Month CD | 2.841% | $142.06 | $284.12 | $710.30 | $1,420.60 |
| 12-Month CD | 3.134% | $156.71 | $313.42 | $783.55 | $1,567.10 |
| 18-Month CD | 2.990% | $149.51 | $299.01 | $747.53 | $1,495.05 |
| 24-Month CD | 2.961% | $148.05 | $296.10 | $740.25 | $1,480.50 |
| 36-Month CD | 3.004% | $150.19 | $300.37 | $750.93 | $1,501.85 |
| 48-Month CD | 2.928% | $146.41 | $292.81 | $732.03 | $1,464.05 |
| 60-Month CD | 2.995% | $149.74 | $299.47 | $748.68 | $1,497.35 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of July 16, 2026. | |||||
Sample CD Ladder for Alger, Michigan Savers
$25,000 split equally across 5 terms using today’s Michigan average rates. As each CD matures, reinvest at the 36-month rung.
| Rung | Term | Deposit | MI Avg APY | Annual Earnings |
|---|---|---|---|---|
| 1 | 3-Month CD | $5,000 | 2.328% | $116.40 |
| 2 | 6-Month CD | $5,000 | 2.841% | $142.06 |
| 3 | 12-Month CD | $5,000 | 3.134% | $156.71 |
| 4 | 24-Month CD | $5,000 | 2.961% | $148.05 |
| 5 | 36-Month CD | $5,000 | 3.004% | $150.19 |
| Total ($25,000 invested) | $25,000 | 2.854% blended | $713.41/yr | |
Ladder example uses equal $5,000 rungs and Michigan average APYs. Actual earnings depend on the specific institution and product chosen. Use the calculator above to model your exact deposit amounts.
Tracked in Alger, Michigan
About Our Alger, Michigan CD Rate Database
MonitorBankRates tracks 660 CD rates from 18 banks and 85 credit unions with locations in Alger, Michigan, plus national online institutions available to Michigan residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Diversified Members Credit Union offers a CD at 5.15% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Alger, Michigan.
How to Find the Best CD Rates in Alger, Michigan
What to compare when shopping for a CD in Alger, Michigan
To find the best APYs in Alger, Michigan, start with credit unions and online-only banks — Alger, Michigan has 85 credit unions in our database, and they consistently offer some of the highest yields because they have lower overhead than traditional banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn.
Also compare the early withdrawal penalty. Common penalties range from 30 to 180 days of interest depending on the term. If you’re unsure whether you’ll need the funds early, a no-penalty CD or a high-yield savings account may be a better fit.
When a CD Makes Sense in Alger, Michigan
- You have a planned expense coming up and want your savings to earn while you wait
- You expect rates to fall and want to lock in today’s rate
- You want FDIC or NCUA protection with a guaranteed fixed return
- You prefer banking with an institution that has a local branch in Alger, Michigan — 103 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Alger, Michigan savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Alger, Michigan money market rates
Michigan Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024 (state-level data shown — city data not available)
18.6% of residents are 65 or older, in line with the national average of 17.3%. At today’s MI 12-month CD average of 3.134%, saving 10% of the local median salary ($4,293/year) and putting it in a CD would earn an additional $135 annually in interest.
Data: U.S. Census Bureau, American Community Survey 5-Year Estimates 2024. Median earnings from ACS 2023 place-level estimates.
CD Rates vs. Other Savings Options in Alger, Michigan
What to compare when choosing between a CD and other deposit accounts
| Feature | CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked for term | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (months of interest) | None | None | Penalty (90–180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known savings goal, CD ladder | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
How Certificates of Deposit Work in Alger, Michigan
A certificate of deposit (CD) is a deposit account that holds a fixed sum of money for a fixed term, commonly three months to five years, in exchange for a guaranteed interest rate. In return for leaving the money untouched until the term ends, a saver in Alger, Michigan typically earns a higher rate than a standard savings account pays. CDs from banks are insured by the FDIC and those from credit unions by the NCUA, in Alger, Michigan as everywhere in the U.S.
Choosing a CD Term in Alger, Michigan
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Alger, Michigan savers easier access to their funds. For example, United Financial Credit Union is offering its 6 month - 4H or FFA CD at 5.05% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, Gerber Federal Credit Union is offering its Share Certificate 60 Month at 4.50% APY. When a CD matures, the depositor can withdraw the principal and interest or roll the balance into a new term, so it helps to match the term to when the money will actually be needed.
CD Risk and Safety for Alger, Michigan Savers
CDs are among the lowest-risk savings products available because the rate is fixed for the full term and the balance is federally insured up to $250,000 per depositor, per institution, per ownership category. For a Alger, Michigan saver, the main trade-off is liquidity: withdrawing funds before maturity usually triggers an early-withdrawal penalty, often 30 to 180 days of interest depending on the term.
How CD Interest Is Paid in Alger, Michigan
Interest on a CD is calculated using the annual percentage yield (APY), which reflects the effect of compounding over a year. Depending on the institution, interest may be credited monthly, quarterly, or at maturity, and can be paid out to a linked account or added back to the CD to compound. When comparing the Alger, Michigan CDs listed above, a saver gets the truest picture of total earnings by looking at APY rather than the nominal rate.
Fixed vs. Variable CD Rates in Alger, Michigan
Most CDs carry a fixed rate that is locked for the entire term, protecting a Alger, Michigan depositor if market rates fall after the account is opened. Some institutions offer variable-rate or bump-up CDs whose rate can change during the term; these may start lower but allow the rate to rise if conditions improve. Which is better depends on the direction a saver expects rates to move.
Frequently Asked Questions about CD Rates in Alger, Michigan
Are CD rates in Alger, Michigan FDIC insured?
Do I have to pay state taxes on CD interest in Alger, Michigan?
Can I withdraw my money early from a CD?
What is the difference between a Jumbo CD and a regular CD?
Are fixed-rate CDs better than variable-rate CDs?
What is a CD ladder?
Best CD rates in Alger, Michigan?
- Diversified Members Credit Union: 5.15% APY (12 Months)
- United Financial Credit Union: 5.05% APY (6 month - 4H or FFA CD)
- OMNI Community Credit Union: 5.00% APY (12 Month Youth Special)
- Best Financial Credit Union: 5.00% APY (12 Month Super Kids)
- Gerber Federal Credit Union: 4.50% APY (Share Certificate 48 Month)
- People Driven Credit Union: 4.50% APY (1 Year Youth)
- Wolverine State Credit Union: 4.34% APY (1 YEAR YOUTH CD)
- Public Service Credit Union: 4.32% APY (Jumbo CD 3 Months)
- Christian Financial Credit Union: 4.20% APY (24 Month Certificate)
- CIBC: 4.15% APY (18-month CD)
CD Calculators for Alger, Michigan
At today’s MI top rate of 5.15% APY, a $10,000 deposit earns $515 in the first year. Enter your amount to see your exact return.
Alger, Michigan CD LadderMI CD rates currently range from 2.328% (3-month) to 3.004% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Alger, Michigan CD at 5.15% APY, know your exit cost. Most institutions charge 90–180 days of interest — calculate your real net return if you need early access.
CD vs. High-Yield SavingsMichigan’s average 12-month CD is 3.134% APY. Compare locking in that rate against a flexible high-yield savings account to see which earns more for your deposit and timeline.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Alger, Michigan CD rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified CD Rate Data: We aggregate certificate of deposit (CD) rates for Alger, Michigan directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions' own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Alger, Michigan. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions available to savers in MI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly, every CD product listed features its own specific “last updated” date for full transparency.
