Best Money Market Rates in Dearborn, Michigan (MI) - May 2026
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The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
Current Dearborn, Michigan and the surrounding area money market deposit account rates include The Huntington National BankThe Huntington National Bank22290 Michigan Ave, Dearborn, MI 48124A+5.0 ★Texas Ratio: 4.60% High-Yield Money Market at 3.82% APY, Citizens BankCitizens Bank12850 Michigan Ave, Dearborn, MI 48126A5.0 ★Texas Ratio: 8.28% Citizens Private Client® Money Market at 3.75% APY, Chief Financial Federal Credit UnionChief Financial Federal Credit Union4080 Schaefer Rd, Dearborn, MI 48126 3683A+5.0 ★Texas Ratio: 3.48% Money Market at 3.75% APY, Dfcu Financial Credit UnionDfcu Financial Credit Union400 Town Center Dr, Dearborn, MI 48126A+5.0 ★Texas Ratio: 1.05% Premier Money Market at 3.70% APY, and University of Michigan Credit UnionUniversity of Michigan Credit Union4901 Evergreen Rd, Dearborn, MI 48128A5.0 ★Texas Ratio: 6.02% Money Market Savings Account at 1.06% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Dearborn has 7 local institutions in our database, with money market rates as high as 3.82% APY from The Huntington National Bank at 22290 Michigan Ave, Dearborn, MI 48124. Use the table below to compare all available offers, including options from institutions serving the broader Michigan area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Dearborn, Michigan and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Dearborn, Michigan & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
22290 Michigan Ave, Dearborn, MI 48124
High-Yield Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
22290 Michigan Ave, Dearborn, MI 48124
Huntington Relationship Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Chief Financial Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.48%
4080 Schaefer Rd, Dearborn, MI 48126 3683
Money Market
3.75%
$0
▼
Rate3.68%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Chief Financial Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.48%
4080 Schaefer Rd, Dearborn, MI 48126 3683
Money Market Account
3.75%
$500
▼
Rate3.68%
Min Deposit$500
Min Balance—
UpdatedMay 6, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
12850 Michigan Ave, Dearborn, MI 48126
Citizens Private Client® Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $25,000.00
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
12850 Michigan Ave, Dearborn, MI 48126
Citizens Quest® Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $25,000.00
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Premier Money Market
3.70%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Premier Money Market
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
22290 Michigan Ave, Dearborn, MI 48124
Huntington Relationship Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
22290 Michigan Ave, Dearborn, MI 48124
High-Yield Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Premier Money Market
3.15%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Business Insured Money Market
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Premier Money Market
2.85%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Business Insured Money Market
2.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Business Insured Money Market
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Business Insured Money Market
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Premier Money Market
1.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Business Insured Money Market
1.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Business Money Market Savings Account
1.06%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Money Market Savings Account
1.06%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Money Market Savings
1.06%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Money Market Savings Account
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Business Money Market Savings Account
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Money Market Savings
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
TRUE Community Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.15%
9500 Dix, Dearborn, MI 48120 1514
Super Cash Money Market
0.70%
$0
▼
Rate0.70%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Zeal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.08%
22740 Michigan Ave, Dearborn, MI 48124 2006
Money Market
0.70%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Zeal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.08%
22740 Michigan Ave, Dearborn, MI 48124 2006
Money Market
0.60%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
TRUE Community Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.15%
9500 Dix, Dearborn, MI 48120 1514
Super Cash Money Market
0.60%
$0
▼
Rate0.60%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
TRUE Community Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.15%
9500 Dix, Dearborn, MI 48120 1514
Super Cash Money Market
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Zeal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.08%
22740 Michigan Ave, Dearborn, MI 48124 2006
Money Market
0.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Business Insured Money Market
0.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Money Market Savings Account
0.45%
$0
▼
Rate0.45%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Money Market Savings
0.45%
$0
▼
Rate0.45%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
University of Michigan Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.02%
4901 Evergreen Rd, Dearborn, MI 48128
Business Money Market Savings Account
0.45%
$0
▼
Rate0.45%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Zeal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.08%
22740 Michigan Ave, Dearborn, MI 48124 2006
Money Market
0.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Zeal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.08%
22740 Michigan Ave, Dearborn, MI 48124 2006
Money Market
0.30%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Insured Money Market Account
0.15%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
12850 Michigan Ave, Dearborn, MI 48126
Citizens Private Client® Money Market
0.15%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Insured Money Market Account
0.10%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Insured Money Market Account
0.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
12850 Michigan Ave, Dearborn, MI 48126
Citizens Quest® Money Market
0.03%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Premier Money Market
0.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Insured Money Market Account
0.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dfcu Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.05%
400 Town Center Dr, Dearborn, MI 48126
Business Insured Money Market
0.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
12850 Michigan Ave, Dearborn, MI 48126
Personal Money Market
0.01%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
TRUE Community Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.15%
9500 Dix, Dearborn, MI 48120 1514
Super Cash Money Market
0.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
EastRise Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.53%
Essential Money Market
4.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Community Choice Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.03%
Business Money Market
4.10%
$0
▼
Rate4.03%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
United Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.35%
Money Market Special
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
for the first six months.
Members First Credit Union Midland, MI
Institution Rating:
A5.0 ★ Texas Ratio: 8.84%
Money Market Account
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Honor Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.80%
Surge Money Market
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Dort Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
Public Funds Money Market
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
LMCU Lake Michigan Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.47%
Max Money Market
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
$1,000,000 +
Dort Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
Public Funds Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
United Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.35%
Elevate Money Market
3.65%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Horizon Bank Michigan City, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
Business Money Market Savings
3.65%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Lake-Osceola State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.18%
Money Market Account (Tiered Rate)
3.56%
$0
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
First Merchants Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
Money Market Special
3.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Promo Rate
Dort Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
Platinum Money Market
3.50%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
WesBanco Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.63%
Money Market Special
3.50%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 5, 2026
Details
With a minimum of $25k new money
People Driven Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
High Yield Money Market Account Rate
3.40%
$0
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
People Driven Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
Money Market
3.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
As High As
Honor Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.80%
Amplify Money Market Rate
3.37%
$0
▼
Rate2.87%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Personal Money Market Tier 5
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Business Money Market Tier 5
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Lake-Osceola State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.18%
Money Market Account (Tiered Rate)
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Business Money Market Tier 4
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Superior National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.54%
Personal Money Market Tier 4
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Lake-Osceola State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.18%
Money Market Account (Tiered Rate)
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Rate1.99%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Huron Valley State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Money Market Savings
2.01%
$0
▼
Rate1.99%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Dearborn, Michigan and the surrounding area.
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.
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.
Dearborn, MI Money Market Rate Trends
Compare local Dearborn, MI 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.
High-Yield MMA — MI Avg
3.520%
Unchanged vs 7 days ago
Michigan high-yield MMA rates currently average 3.520% APY.
Standard MMA — MI Avg
0.678%
Unchanged vs 7 days ago
Michigan standard MMA rates currently average 0.678% APY.
As of May 15, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Dearborn, 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 Dearborn, 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 Dearborn, 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 Dearborn, Michigan
What is a Money Market Account (MMA)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Michigan.
Are Money Market accounts in Dearborn, Michigan safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Michigan up to $250,000 per depositor, per institution.
How often do MMA rates change in Dearborn, Michigan?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Michigan rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Dearborn, Michigan?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Dearborn, Michigan require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Dearborn, Michigan
Here are some of the highest money market account APYs currently available in Dearborn, Michigan and the surrounding area:
- The Huntington National Bank
High-Yield Money Market — 3.82% APY - Citizens Bank
Citizens Private Client® Money Market — 3.75% APY - Chief Financial Federal Credit Union
Money Market — 3.75% APY - Dfcu Financial Credit Union
Premier Money Market — 3.70% APY - University of Michigan Credit Union
Money Market Savings Account — 1.06% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Dearborn, Michigan. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 12, 2026
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