South Haven, Michigan CD Rates Today - Compare Best APYs for June 2026
Brian McKay
Brian McKay
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Current South Haven, Michigan CD rates include Honor Credit UnionHonor Credit Union72133 County Road 388, South Haven, MI 49090A+5.0 ★Texas Ratio: 5.50%Real return: -0.65%APY minus CPI (February 2026) offering 60 months at 2.15% APY, Southeast Michigan State Employees Federal Credit UnionSoutheast Michigan State Employees Federal Credit UnionA+5.0 ★Texas Ratio: 2.01%Real return: +3.95%APY minus CPI (February 2026) offering 6 Month Certificate at 6.75% APY, 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, and 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. CD rates as of June 16, 2026 according to verified data from MonitorBankRates.
South Haven has 9 local institutions in our database, with CD rates as high as 2.15% APY from Honor Credit Union at 72133 County Road 388, South Haven, MI 49090. 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 — 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: June 16, 2026
Compare Best CD Rates in South Haven, Michigan & the Surrounding Area
South Haven 3 Month CD Rates
Interest Paid: Maturity
South Haven 6 Month CD Rates
Max $5,000
NEW MONEY ONLY!!! *APY - Annual Percentage Yield. Rates are accurate as of 01/01/2026 and are subject to change without notice
FEATURED RATE
Limited time offer. Rates subject to change. A penalty may be imposed for early withdrawal. $5.00 Savings Account required. Offer available for a limited time. Fees could reduce earnings. Jumbo CD ($100,000 plus) rate bumps available, though not on CD Specials. 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
$500; Direct Deposit
APY will vary depending on the initial certificate deposit amount. There is a penalty for early withdrawal.
Jumbo Certificates ($25,000 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
$500
Certificate rates remain fixed for the term of the certificate.
South Haven 12 Month CD Rates
Youth Special
Early Withdrawal Penalty: 90 days interest
Certificate rates remain fixed for the term of the certificate.
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.
Jumbo Certificates ($25,000 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Certificate rates remain fixed for the term of the certificate.
APY as high as: 3.750%
APY as high as: 3.800%
APY as high as 3.950%. Rates may increase .2% when a member qualifies for our loyalty benefits. Ask us for more details.
Interest paid monthly; Interest paid quarterly; APY (Interest paid & compounded quarterly): 3.78%
APY will vary depending on the initial certificate deposit amount. There is a penalty for early withdrawal.
$500; Direct Deposit
IRA
Roth IRA
IRA
Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
South Haven 18 Month CD Rates
Featured rate
At maturity, the CD will be renewed into a 24-month CD.
Minimum balance to earn APY: $100,000
Interest paid monthly; Interest paid quarterly; APY (Interest paid & compounded quarterly): 3.80%
Certificate rates remain fixed for the term of the certificate.
The interest rate and APY may change after account opening
Penalty for early withdrawal.
Penalty for early withdrawal.
Dividends Paid: Monthly. Penalties: 180 days*
Max: $10,000
Rates are valid as of 6/7/2026 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.
See disclosure on specific details on individual accounts. Rates and Terms are subject to change at any time.
minimum $250,000
VIP Bonus Rate: 3.445%, VIP Bonus APY: 3.50%
VIP Bonus Rate: 3.445%, VIP Bonus APY: 3.50%
South Haven 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.
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Interest paid monthly; Interest paid quarterly; APY (Interest paid & compounded quarterly): 3.80%
Penalty for early withdrawal.
Penalty for early withdrawal.
Dividends are paid and compounded quarterly. Penalty may be imposed for early withdrawal.
I.R.A Certificates ($250 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Certificate rates remain fixed for the term of the certificate.
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
$500; Direct Deposit
Early Withdrawal Penalty: 180 days interest
Minimum balance to earn APY: $100,000
South Haven 36 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.
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Minimum balance to earn APY: $100,000
Penalty for early withdrawal.
Penalty for early withdrawal.
Dividends are paid and compounded quarterly. Penalty may be imposed for early withdrawal.
Early Withdrawal Penalty: 180 days interest
Early Withdrawal Penalty: 180 days interest
Interest paid monthly; Interest paid quarterly; APY (Interest paid & compounded quarterly): 3.80%
I.R.A Certificates ($250 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Certificate rates remain fixed for the term of the certificate.
$500; Direct Deposit
minimum $250,000
Minimum balance to earn APY: $100,000
South Haven 48 Month CD Rates
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Penalty for early withdrawal.
Penalty for early withdrawal.
minimum $250,000
$500; Direct Deposit
Certificate rates remain fixed for the term of the certificate.
I.R.A Certificates ($250 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
Minimum balance to earn APY: $100,000
Early Withdrawal Penalty: 180 days interest
Early Withdrawal Penalty: 180 days interest
VIP Bonus Rate: 3.687%, VIP Bonus APY: 3.75%
VIP Bonus Rate: 3.687%, VIP Bonus APY: 3.75%
See disclosure on specific details on individual accounts. Rates and Terms are subject to change at any time.
$500
Jumbo Certificates ($25,000 min.). Dividends are paid monthly and based on the average daily balance. Early withdrawal penalties apply
South Haven 60 Month CD Rates
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
$100,000 and Above
Penalty for early withdrawal.
Penalty for early withdrawal.
Dividends are paid and compounded quarterly. Penalty may be imposed for early withdrawal.
VIP Bonus Rate: 3.928%, VIP Bonus APY: 4.00%
VIP Bonus Rate: 3.928%, VIP Bonus APY: 4.00%
minimum $250,000
$500; Direct Deposit
Certificate rates remain fixed for the term of the certificate.
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.
Early Withdrawal Penalty: 180 days interest
Early Withdrawal Penalty: 180 days interest
Minimum balance to earn APY: $100,000
$500
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
South Haven, MI CD Rate Trends
Compare local South Haven, 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 fell 0.258 points over the past 7 days to 2.727% APY.
Michigan 6-month CD rates fell 0.061 points over the past 7 days to 2.799% APY.
MI CD Rate Forecast — Next 12 Months
Where are Michigan CD rates headed through June 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 | 2.655% | $132.76 | $265.51 | $663.78 | $1,327.55 |
| 6-Month CD | 2.799% | $139.94 | $279.88 | $699.70 | $1,399.40 |
| 12-Month CD | 2.727% | $136.35 | $272.69 | $681.73 | $1,363.45 |
| 18-Month CD | 2.883% | $144.17 | $288.34 | $720.85 | $1,441.70 |
| 24-Month CD | 2.656% | $132.81 | $265.61 | $664.03 | $1,328.05 |
| 36-Month CD | 2.672% | $133.61 | $267.21 | $668.03 | $1,336.05 |
| 48-Month CD | 2.759% | $137.96 | $275.91 | $689.78 | $1,379.55 |
| 60-Month CD | 2.849% | $142.43 | $284.85 | $712.13 | $1,424.25 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of June 16, 2026. | |||||
Sample CD Ladder for South Haven, 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 | 2.655% | $132.76 |
| 2 | 6-Month CD | $5,000 | 2.799% | $139.94 |
| 3 | 12-Month CD | $5,000 | 2.727% | $136.35 |
| 4 | 24-Month CD | $5,000 | 2.656% | $132.81 |
| 5 | 36-Month CD | $5,000 | 2.672% | $133.61 |
| Total ($25,000 invested) | $25,000 | 2.702% blended | $675.47/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 South Haven, Michigan
About Our South Haven, Michigan CD Rate Database
MonitorBankRates tracks 979 CD rates from 21 banks and 82 credit unions with locations in South Haven, 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: Honor Credit Union offers a CD at 2.15% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in South Haven, Michigan.
How to Find the Best CD Rates in South Haven, Michigan
What to compare when shopping for a CD in South Haven, Michigan
To find the best APYs in South Haven, Michigan, start with credit unions and online-only banks — South Haven, Michigan has 82 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 South Haven, 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 South Haven, Michigan — 103 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → South Haven, Michigan savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → South Haven, Michigan money market rates
South Haven, Michigan Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024
41.8% 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; a low unemployment rate of 2.9% reflects a strong local economy. At today’s MI 12-month CD average of 2.727%, saving 10% of the local median salary ($4,092/year) and putting it in a CD would earn an additional $112 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 South Haven, 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 South Haven, 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 South Haven, 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 South Haven, Michigan as everywhere in the U.S.
Choosing a CD Term in South Haven, 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 South Haven, Michigan savers easier access to their funds. For example, Honor Credit Union is offering its 6 months at 1.25% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, Honor Credit Union is offering its 60 months at 2.15% 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 for South Haven, 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 South Haven, 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 South Haven, 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 South Haven, 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 South Haven, Michigan
Most CDs carry a fixed rate that is locked for the entire term, protecting a South Haven, 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 South Haven, Michigan
Are CD rates in South Haven, Michigan FDIC insured?
Do I have to pay state taxes on CD interest in South Haven, 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 South Haven, Michigan?
- Honor Credit Union: 2.15% APY (60 months)
- Southeast Michigan State Employees Federal Credit Union: 6.75% APY (6 Month Certificate)
- 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)
- People Driven Credit Union: 4.50% APY (1 Year Youth)
- Wolverine State Credit Union: 4.34% APY (1 YEAR YOUTH CD)
- Christian Financial Credit Union: 4.20% APY (24 Month Certificate)
- CIBC: 4.15% APY (18-month CD)
CD Calculators for South Haven, Michigan
At today’s MI top rate of 2.15% APY, a $10,000 deposit earns $215 in the first year. Enter your amount to see your exact return.
South Haven, Michigan CD LadderMI CD rates currently range from 2.655% (3-month) to 2.672% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a South Haven, Michigan CD at 2.15% 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 2.727% 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 South Haven, 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 South Haven, 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 South Haven, 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.
South Haven, Michigan Rates & Resources
