Best Money Market Rates in Michigan - July 2026
Brian McKay
Brian McKay
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Current Michigan money market deposit account rates include EastRise Credit UnionEastRise Credit Union500 E Lafayette Blvd, Detroit, MI 48226A+5.0 ★Texas Ratio: 4.41% Essential Money Market Account at 4.50% APY, Community West Credit UnionCommunity West Credit Union3089 44th St SW, Grandville, MI 49418 2501A+5.0 ★Texas Ratio: 2.81% Quest Money Market at 4.25% APY, Community Choice Credit UnionCommunity Choice Credit Union31155 Northwestern Hwy, Farmington Hills, MI 48334 2502A5.0 ★Texas Ratio: 6.60% Business Money Market at 4.10% APY, Dort Financial Credit UnionDort Financial Credit Union9048 HOLLY RD, GRAND BLANC, MI 48439A+5.0 ★Texas Ratio: 5.35% Public Funds Money Market at 4.00% APY, and United Federal Credit UnionUnited Federal Credit Union808 E Front St, Buchanan, MI 49107 1444A+5.0 ★Texas Ratio: 3.13% Money Market Special at 4.00% APY. Money market rates as of July 25, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Michigan side-by-side. Michigan money market rates currently reach as high as 4.50% APY from EastRise Credit Union at 500 E Lafayette Blvd, Detroit, MI 48226. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Michigan and surrounding area. Last Updated and Verified: July 25, 2026
Compare the Best Money Market Rates Today in Michigan
As Low As; Rates accurate as of July 15, 2026
The special rate of up to 4.00% APY is available only on new Money Market Special accounts opened on or after 7/1/2026 and applies for the first 6 months following account opening. After 6 months, the account will automatically convert to a standard Elevate Money Market account and earn standard Elevate Money Market rates thereafter. A minimum opening balance of $15,000 is required. Members who currently have, or previously had in the last 12 months, any opened money market account at United are not eligible for this offer. Fees may reduce earnings. Rates may change after account is opened.
Dividends are determined based on a tiered rate method. This means that the interest rate paid on the entire balance in your money market account will be determined by the tier in which your current balance resides. Dividends are calculated by the daily balance method and credited on the last day of each month. Rates are variable and may change after the account is opened.
Special rate.
Learn More Now
Rates based on zip code and with a minimum of $25,000 not currently deposited at Huntington. Variable rate. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest. Offer is limited to one per household. Not valid with any other offer.
Rates are based on zip code. The interest rate is variable and subject to change at any time. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs). Offer is limited to one per household. We also reserve the right to limit acceptance of deposits greater than $2,000,000.00. Not valid with any other offer.
Earn up to 3.65% APY*
Save more with rates up to 3.50% APY and still have flexible access to your money.
Preferred rates; Requires a Citizens Quest® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
Preferred rates; Must have a Citizens Private Client® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
$1,000 minimum opening balance.
As Low As
Rate may change after account is opened. Fees could reduce the earnings on the account. See fee schedule .
Earn More, Effortlessly
New money required to qualify for this rate. Only new funds transferred from external sources to the credit union qualify for this promotion. Rates are variable and may change at any time. Fees may reduce earnings. Membership and eligibility requirements apply. Federally insured by NCUA.
$1,000 minimum opening balance.
Rate may change after account is opened. Fees could reduce the earnings on the account. See fee schedule .
Rate may change after account is opened. Fees could reduce the earnings on the account. Fees could reduce the earnings on the account. See fee schedule for more details.
Rate may change after account is opened. Fees could reduce the earnings on the account. Fees could reduce the earnings on the account. See fee schedule for more details.
Rates Effective as of: ; APY = Annual Percentage Yield.; New money required to qualify for this rate. Only new funds transferred from external sources to the credit union qualify for this promotion.; Rates are variable and may change at any time. Fees may reduce earnings.; Membership and eligibility requirements apply. Federally insured by NCUA.
Tier 5: $1,000,000.00 +
$1,000,000.00 +
Tier 4: $500,000.00 -$999,999.99
$500,000.00 -$999,999.99
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Michigan Money Market Rate Trends
Compare local Michigan money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Michigan high-yield MMA rates currently average 3.650% APY.
Michigan standard MMA rates rose 0.009 points over the past 7 days to 0.439% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Michigan money market 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 Money Market Rate Data: We aggregate money market deposit account rates for Michigan directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed 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 Michigan. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in MI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Michigan
What is a Money Market Account (MMA)?
Are Money Market accounts in Michigan safe?
How often do MMA rates change in Michigan?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Michigan?
Best Money Market Rates in Michigan
- EastRise Credit Union
Essential Money Market Account — 4.50% APY - Community West Credit Union
Quest Money Market — 4.25% APY - Community Choice Credit Union
Business Money Market — 4.10% APY - Dort Financial Credit Union
Public Funds Money Market — 4.00% APY - United Federal Credit Union
Money Market Special — 4.00% APY
Cities in Michigan
