Farmington Hills, Michigan Best CD Rates November 2026
Brian McKay
Brian McKay
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Farmington Hills, Michigan CD rates range from 0.01% to 5.25% APY, verified by MonitorBankRates as of November 12, 2026. Current Farmington Hills, Michigan CD rates include Flagstar Bank, National AssociationFlagstar Bank, National Association28177 Orchard Lake Rd, Farmington Hills, MI 48334D3.3 ★Texas Ratio: 35.11%Real return: +0.60%APY minus CPIRate verified Nov 9, 2026 offering 12-Month Business CD at 4.30% APY, First Merchants BankFirst Merchants Bank30095 Northwestern Hwy, Farmington Hills, MI 48334A+5.0 ★Texas Ratio: 4.12%Real return: +0.55%APY minus CPIRate verified Nov 11, 2026 offering 24 Month CD/IRA Promotional Rate at 4.25% APY, LMCU Lake Michigan Credit UnionLMCU Lake Michigan Credit Union34391 W 12 Mile Rd, Farmington HIlls, MI 48331A+5.0 ★Texas Ratio: 2.31%Real return: +0.45%APY minus CPIRate verified Nov 8, 2026 offering 60 Month IRA/HSA CD - VIP Bonus at 4.15% APY, Independent BankIndependent Bank32900 Middlebelt Rd, Farmington Hills, MI 48334A5.0 ★Texas Ratio: 6.46%Real return: +0.01%APY minus CPIRate verified Nov 11, 2026 offering 3-Month CD Special at 3.71% APY, and Alliance Catholic Credit UnionAlliance Catholic Credit Union28800 Orchard Lake Rd, Farmington Hills, MI 48334A+5.0 ★Texas Ratio: 1.86%Real return: -0.20%APY minus CPIRate verified Nov 8, 2026 offering Share Certificate - 6 Months at 3.50% APY. CD rates as of November 12, 2026 according to verified data from MonitorBankRates.
Farmington Hills has 101 local institutions in our database, with CD rates as high as 4.30% APY from Flagstar Bank, National Association at 28177 Orchard Lake Rd, Farmington Hills, MI 48334. Use the tables below to compare all available CD terms and offers, including options from institutions serving the broader Michigan area. Rates are continually updated, so 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: November 12, 2026
Compare Best CD Rates in Farmington Hills, Michigan & the Surrounding Area
Farmington Hills 3 Month CD Rates
Interest Tier: $1,000 minimum; Effective November 4, 2026
- Nov 5, 20263.71%▼ from 3.76%
- Oct 2, 20263.76%▲ from 3.66%
- Sep 24, 20263.66%▲ from 3.56%
- Sep 18, 20263.56%first recorded
VIP Relationship Reward Bonus
VIP Relationship Reward Bonus rate
Effective October 1, 2026.
Balance: $1,000.00 and above
Balance: $1.00 - $999.99
Starting minimum deposit of $500; not eligible for Member Saver Reward
Dividends: Quarterly; Max: $6,000,000
Balance: $1,000 to $24,999
Rates current as of October 20, 2026
Dividends: Quarterly; Max: $6,000,000
Deposit Tier: Certificate $500 minimum deposit
Savings Accounts featured card
Farmington Hills 6 Month CD Rates
APY accurate as of 11/8/2026; Maximum deposit is $10 million; Not available for public units; Limited-time offer; Must present offer at account opening
Maximum deposit is $10 million; not available for public units or Business CDs
- Oct 10, 20264.10%▲ from 3.70%
- Sep 14, 20263.70%first recorded
VIP Relationship Reward Bonus
Compounding: Monthly
VIP Relationship Reward Bonus rate
Interest Tier: $500 minimum; Effective November 4, 2026
- Oct 31, 20262.48%▲ from 2.43%
- Oct 14, 20262.43%▲ from 2.38%
- Oct 2, 20262.38%▲ from 2.27%
- Sep 24, 20262.27%▲ from 2.17%
$250 Minimum Average Daily Balance Required; automatically renews at maturity; 10-day grace period after maturity to withdraw without early withdrawal penalty
Effective October 1, 2026.
Effective October 1, 2026; $100.00 minimum-no maximum; Penalty for early withdrawal applies; 6 month term subject to a 60 day dividend penalty
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Balance: $1.00 - $999.99; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Farmington Hills 12 Month CD Rates
APY accurate as of 11/8/2026; Maximum deposit is $10 million; Not available for public units; Limited-time offer; Must present offer at account opening
Maximum deposit is $10 million; not available for public units or Business CDs
- Oct 10, 20264.30%▲ from 3.80%
- Sep 14, 20263.80%first recorded
Promotional CD special; Open in Minutes
VIP Relationship Reward Bonus
VIP Relationship Reward Bonus rate
Interest rate 3.20%; interest compounded daily and paid monthly
Compounding: Monthly
Interest Tier: $500 minimum; Effective November 4, 2026
- Nov 5, 20262.63%▼ from 2.78%
- Oct 31, 20262.78%▲ from 2.73%
- Oct 26, 20262.73%▲ from 2.68%
- Oct 14, 20262.68%▲ from 2.58%
$250 Minimum Average Daily Balance Required; automatically renews at maturity; 10-day grace period after maturity to withdraw without early withdrawal penalty
Effective October 1, 2026.
Effective October 1, 2026; $100.00 minimum-no maximum; Penalty for early withdrawal applies; 1 year term subject to a 90 day dividend penalty
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Farmington Hills 18 Month CD Rates
Maximum deposit is $10 million; not available for public units or Business CDs
Open in Minutes
VIP Relationship Reward Bonus
VIP Relationship Reward Bonus rate
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Balance: $1.00 - $999.99; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Military rate; requires Active Duty, Veteran, or Retiree status with full direct deposit of $2,000 or more into checking; military status verification required; At maturity, the CD will be renewed into a 24-month CD
Early withdrawal penalty may apply
Online Only; 30-day penalty if withdrawn before maturity
- Oct 20, 20264.45%▲ from 4.15%
- Sep 24, 20264.15%▲ from 4.00%
- Sep 14, 20264.00%first recorded
Requires $1,000 minimum balance to obtain the APY; APY assumes principal and interest remain on deposit until maturity
Farmington Hills 24 Month CD Rates
APY effective 9/24/2026 for a limited time; Rates may vary by zip code; Substantial penalty for early withdrawal; IRAs are for individuals only; Public funds are not eligible
APY effective 9/24/2026 for a limited time; Rates may vary by zip code; Open in Minutes
Maximum deposit is $10 million; not available for public units or Business CDs
- Oct 10, 20264.25%▲ from 3.70%
- Sep 14, 20263.70%first recorded
VIP Relationship Reward Bonus
VIP Relationship Reward Bonus rate
Interest rate 2.96%; interest compounded daily and paid monthly
Interest Tier: $500 minimum; Effective November 4, 2026
- Nov 5, 20262.84%▼ from 3.09%
- Oct 31, 20263.09%▼ from 3.14%
- Oct 26, 20263.14%▲ from 3.09%
- Oct 14, 20263.09%▲ from 2.89%
$250 Minimum Average Daily Balance Required; automatically renews at maturity; 10-day grace period after maturity to withdraw without early withdrawal penalty
Compounding: Monthly
Effective October 1, 2026.
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Farmington Hills 36 Month CD Rates
VIP Relationship Reward Bonus
VIP Relationship Reward Bonus rate
Interest rate 2.71%; interest compounded daily and paid monthly
Compounding: Monthly
Effective October 1, 2026.
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Balance: $1.00 - $999.99; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
- Sep 24, 20265.00%▲ from 3.97%
- Sep 8, 20263.97%first recorded
Interest is compounded monthly; 10-day withdrawal option at end of each one-year term; penalty for early withdrawals applies at other times; no brokered deposits
- Nov 11, 20264.75%▼ from 5.00%
- Sep 24, 20265.00%▲ from 3.97%
- Sep 8, 20263.97%first recorded
IRA - Individual accounts only
- Nov 7, 20264.60%▲ from 4.30%
- Sep 16, 20264.30%first recorded
- Oct 28, 20264.60%▲ from 4.30%
- Oct 23, 20264.30%first recorded
Farmington Hills 48 Month CD Rates
VIP Relationship Reward Bonus
VIP Relationship Reward Bonus rate
Interest rate 2.71%; interest compounded daily and paid monthly
Compounding: Monthly
Effective October 1, 2026.
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Balance: $1.00 - $999.99; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Relationship: Direct Deposit Checking; Minimum $2500 to open
- Nov 5, 20264.55%▼ from 4.70%
- Oct 14, 20264.70%first recorded
Requires $1,000 minimum balance to obtain the APY; APY assumes principal and interest remain on deposit until maturity
East Lansing Rates
- Oct 14, 20264.50%▲ from 4.45%
- Oct 7, 20264.45%first recorded
IRA - Individual accounts only
- Nov 7, 20264.50%▲ from 4.15%
- Sep 16, 20264.15%first recorded
Farmington Hills 60 Month CD Rates
VIP Relationship Reward Bonus
VIP Relationship Reward Bonus rate
IRA certificate; VIP rate
Interest rate 2.71%; interest compounded daily and paid monthly
Online CD; Open online; APY accurate as of 07/28/2026
Compounding: Monthly
Effective October 1, 2026.
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Balance: $1.00 - $999.99; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Minimum $100, maximum $5,000; Minor CD Special
Requires $1,000 minimum balance to obtain the APY; APY assumes principal and interest remain on deposit until maturity
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Farmington Hills, MI CD Rate Trends
Compare local Farmington Hills, 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 0.021 points over the past 7 days to 3.157% APY.
Michigan 6-month CD rates fell 0.001 points over the past 7 days to 2.913% APY.
MI CD Rate Forecast, Next 12 Months
Where are Michigan CD rates headed through November 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 | 2.258% | $112.89 | $225.77 | $564.43 | $1,128.85 |
| 6-Month CD | 2.913% | $145.63 | $291.25 | $728.13 | $1,456.25 |
| 12-Month CD | 3.157% | $157.85 | $315.71 | $789.27 | $1,578.55 |
| 18-Month CD | 3.105% | $155.23 | $310.46 | $776.15 | $1,552.30 |
| 24-Month CD | 3.022% | $151.09 | $302.17 | $755.43 | $1,510.85 |
| 36-Month CD | 2.979% | $148.97 | $297.93 | $744.83 | $1,489.65 |
| 48-Month CD | 3.039% | $151.93 | $303.86 | $759.65 | $1,519.30 |
| 60-Month CD | 3.097% | $154.83 | $309.67 | $774.18 | $1,548.35 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of November 12, 2026. | |||||
Sample CD Ladder for Farmington Hills, 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 | 2.258% | $112.89 |
| 2 | 6-Month CD | $5,000 | 2.913% | $145.63 |
| 3 | 12-Month CD | $5,000 | 3.157% | $157.85 |
| 4 | 24-Month CD | $5,000 | 3.022% | $151.09 |
| 5 | 36-Month CD | $5,000 | 2.979% | $148.97 |
| Total ($25,000 invested) | $25,000 | 2.866% blended | $716.43/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 Farmington Hills, Michigan
About Our Farmington Hills, Michigan CD Rate Database
MonitorBankRates tracks 2,023 CD rates from 27 banks and 103 credit unions with locations in Farmington Hills, 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 to 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: Flagstar Bank, National Association offers a CD at 4.30% APY with a minimum deposit of $500. Use the rate table above to compare all current offers in Farmington Hills, Michigan.
How to Find the Best CD Rates in Farmington Hills, Michigan
What to compare when shopping for a CD in Farmington Hills, Michigan
To find the best APYs in Farmington Hills, Michigan, start with credit unions and online-only banks: Farmington Hills, Michigan has 103 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 Farmington Hills, 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 Farmington Hills, Michigan: 130 institutions here report CD rates
Consider an Alternative If…
- You may need the funds within 30 days. Compare Farmington Hills, Michigan savings rates instead
- Rates are rising and you want to benefit: a variable-rate savings or money market account keeps pace
- You want check-writing access. Compare Farmington Hills, Michigan money market rates
Farmington Hills, Michigan Financial Snapshot
Local demographics and economic context for CD savers. Source: U.S. Census Bureau ACS 2024
21.2% of residents are 65 or older, above the national average of 17.3%, making fixed-rate CDs a particularly relevant savings vehicle in this market. At today’s MI 12-month CD average of 3.157%, saving 10% of the local median salary ($5,989/year) and putting it in a CD would earn an additional $189 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 Farmington Hills, 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 to 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 |
CD Product Information
How CDs Work
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 Farmington Hills, 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 Farmington Hills, Michigan as everywhere in the U.S.
CD Terms
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Farmington Hills, Michigan savers easier access to their funds. For example, Flagstar Bank, National Association is offering its 6-Month Business CD at 4.10% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, LMCU Lake Michigan Credit Union is offering its 60 Month IRA/HSA CD - VIP Bonus at 4.15% 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
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 Farmington Hills, 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
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 Farmington Hills, 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
Most CDs carry a fixed rate that is locked for the entire term, protecting a Farmington Hills, 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 Farmington Hills, Michigan
What are CD rates in Farmington Hills, Michigan today?
Are CD rates in Farmington Hills, Michigan FDIC insured?
Do I have to pay state taxes on CD interest in Farmington Hills, 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 Farmington Hills, Michigan?
- Flagstar Bank, National Association: 4.30% APY (12-Month Business CD)
- First Merchants Bank: 4.25% APY (24 Month CD/IRA Promotional Rate)
- LMCU Lake Michigan Credit Union: 4.15% APY (60 Month IRA/HSA CD - VIP Bonus)
- Independent Bank: 3.71% APY (3-Month CD Special)
- Alliance Catholic Credit Union: 3.50% APY (Share Certificate - 6 Months)
- Citizens Access: 3.25% APY (1 Year Online CD)
- Michigan Schools And Government Credit Union: 2.25% APY (Grow-With-Me CD - 2 Years)
- Community Choice Credit Union: 0.50% APY (5-Year Certificate)
- PNC Bank: 0.02% APY (Fixed Rate Certificate of Deposit (CD) - 12 Months)
- FreeStar Financial Credit Union: 5.25% APY (Certificates of Deposit - 18-Month Special - Military)
Farmington Hills, Michigan CD Calculator
See exactly what a CD will earn by maturity. Enter your deposit, pick a term, and set the APY, or click any current Farmington Hills, Michigan rate on the right to apply that term and rate instantly. CD rates are fixed for the full term.
Assumes the APY is held to maturity with interest compounding and remaining in the CD. Early withdrawals typically forfeit 30 to 180 days of interest. Estimates are for informational purposes only.
CD Calculators for Farmington Hills, Michigan
At today’s MI top rate of 4.30% APY, a $10,000 deposit earns $430 in the first year. Enter your amount to see your exact return.
Farmington Hills, Michigan CD LadderMI CD rates currently range from 2.258% (3-month) to 2.979% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Farmington Hills, Michigan CD at 4.30% APY, know your exit cost. Most institutions charge 90 to 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 3.157% 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 Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, 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.
Farmington Hills, Michigan Rates & Resources
