Birmingham, Michigan Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Birmingham, Michigan savings account rates range from 0.01% to 10.00% APY, verified by MonitorBankRates as of October 23, 2026. The best savings rates for Birmingham, Michigan and the surrounding area include Flagstar Bank, National AssociationFlagstar Bank, National Association35238 Woodward Ave, Birmingham, MI 48009D3.3 ★Texas Ratio: 35.11%Real return: +0.30%APY minus 3.7% CPIRate verified Oct 22, 2026 Flagstar Ready Savings at 4.00% APY, Bank of Ann ArborBank of Ann Arbor33583 Woodward Ave, Birmingham, MI 48009A+5.0 ★Texas Ratio: 1.88%Real return: -0.20%APY minus 3.7% CPIRate verified Oct 20, 2026 Health Savings Account at 3.50% APY, Wells FargoWells Fargo1901 6th Ave N, Birmingham, AL 35203A+5.0 ★Texas Ratio: 5.36%Real return: -0.45%APY minus 3.7% CPIRate verified Oct 20, 2026 Platinum Savings - New Savings Customers at 3.25% APY, The Huntington National BankThe Huntington National Bank1040 E Maple Rd, Birmingham, MI 48009A+5.0 ★Texas Ratio: 3.66%Real return: -0.45%APY minus 3.7% CPIRate verified Oct 20, 2026 Relationship Savings Account - With Huntington Perks Checking at 3.25% APY, and Dfcu Financial Credit UnionDfcu Financial Credit Union2483 W Maple Rd, Birmingham, MI 48009 1543A+5.0 ★Texas Ratio: 1.86%Real return: -0.70%APY minus 3.7% CPIRate verified Oct 19, 2026 Business Savings at 3.00% APY.
Birmingham has 49 local institutions in our database, with savings rates as high as 4.00% APY from Flagstar Bank, National Association at 35238 Woodward Ave, Birmingham, MI 48009. Use the table below to compare all available offers, including options from institutions serving the broader Michigan area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Birmingham, Michigan and the surrounding area. Last Updated and Verified: October 23, 2026
Compare the Best Savings Rates in Birmingham, Michigan & Surrounding Communities
Promotional APY for the first 180 days on balances greater than or equal to $10,000; balances at or below $9,999.99 earn the non-promotional rate; new money required; personal accounts only; early account closure fee may apply within 180 days
- Oct 14, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Balance: $10,000 or more; Rate is variable and may change after the account is opened; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20263.50%▲ from 3.25%
- Sep 18, 20263.25%first recorded
Balance: $25,000 or more; Rate for new savings customers only; requires $25,000 within 30 days; Bay Area CA counties only
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Platinum Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $500,000 and up
Balance: $0.01 - $4,999.99; variable APY subject to change daily after account opening; APY accurate as of 07/17/2026
Balance: $250,000 to $499,999
Balance: $100,000 to $249,999
Balance: $5,000.00 - $2,000,000.99; Huntington Relationship Savings Account; APY range 2.40%-4.00% and rate range 2.38%-3.94% based on zip code; variable rate; minimum $5,000 new money to open
Balance: $50,000 to $99,999
Balance: $1,000,000 - 2,999,999; $500 minimum to open Personal; $5,000 minimum to open Commercial; Rate is variable; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20261.65%▲ from 1.40%
- Sep 18, 20261.40%first recorded
Balance: $500,000 - 999,999; $500 minimum to open Personal; $5,000 minimum to open Commercial; Rate is variable; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20261.55%▲ from 1.30%
- Sep 18, 20261.30%first recorded
Balance: $5,000 - 9,999; Rate is variable and may change after the account is opened; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20261.50%▲ from 1.25%
- Sep 18, 20261.25%first recorded
Balance: $25,000 to $49,999
Balance: $500,000.00 and over; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one (1) Direct Savings account per household
Balance: $100,000 - 499,999; $500 minimum to open Personal; $5,000 minimum to open Commercial; Rate is variable; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20261.45%▲ from 1.20%
- Sep 18, 20261.20%first recorded
Balance: $500,000.00 and over; Available to new customers or new funds only; Limit one per household; $3.00 monthly service charge if $300 minimum balance not maintained; APY effective as of September 1, 2026
Balance: $250,000.00 - $499,999.99; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one (1) Direct Savings account per household
Balance: $250,000.00 - $499,999.99; Available to new customers or new funds only; Limit one per household; $3.00 monthly service charge if $300 minimum balance not maintained; APY effective as of September 1, 2026
Balance: $100 or more; Account must have $100 or more to earn interest; Rate is variable and may change after the account is opened; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20261.15%▲ from 1.00%
- Sep 27, 20261.00%first recorded
Balance: $0 or more; Rate is variable and may change after the account is opened; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20261.15%▲ from 1.00%
- Sep 18, 20261.00%first recorded
Balance: $100,000.00 - $249,999.99; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one (1) Direct Savings account per household
Balance: $25,000 - 99,999; $500 minimum to open Personal; $5,000 minimum to open Commercial; Rate is variable; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20261.05%▲ from 0.95%
- Sep 18, 20260.95%first recorded
Balance: $0 - $99,999.99; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one (1) Direct Savings account per household
Balance: $0.00 - $99,999.99; Available to new customers or new funds only; Limit one per household; $3.00 monthly service charge if $300 minimum balance not maintained; APY effective as of September 1, 2026
- Oct 14, 20260.92%▼ from 1.03%
- Sep 18, 20261.03%first recorded
Balance: $1,000 - 4,999; Rate is variable and may change after the account is opened; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20260.75%▲ from 0.50%
- Sep 18, 20260.50%first recorded
Balance: $5,000 - 24,999; $500 minimum to open Personal; $5,000 minimum to open Commercial; Rate is variable; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20260.70%▲ from 0.60%
- Sep 18, 20260.60%first recorded
Balance: $2,500 to $24,999
Balance: $0 - 999; Rate is variable and may change after the account is opened; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20260.45%▲ from 0.20%
- Sep 18, 20260.20%first recorded
Balance: $1 - 4,999 (excludes Commercial Money Market Savings); $500 minimum to open Personal; $5,000 minimum to open Commercial; Rate is variable; Rates effective as of 10/19/2026 - 10/25/2026
- Oct 14, 20260.45%▲ from 0.35%
- Sep 18, 20260.35%first recorded
Balance: $0 or more; Relationship rate when linked to Premier Checking or Checking; Bay Area CA counties only
Balance: $0 or more; Relationship rate when linked to Prime Checking or Checking; Bay Area CA counties only
Balance: $0.01 to $4,999.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $0.01 to $4,999.99; Requires open Huntington Platinum Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $0 to $2,499
Savings Account
Rates effective as of 10/18/2026
Savings Account
Balance: $0 or more; Avoid $12 monthly fee with $3,500 minimum daily balance; Bay Area CA counties only
Balance: $0 or more; Bay Area CA counties only
Balance: $1.00 - $499.99
Balance: $0.00 - $4,999.99; Balances below $5,000.00 earn 0.01% APY
Balance: $0.01 to $4,999.99; Non-Relationship Rate; Minimum balance to earn interest is $0.01 and must be new money to Huntington; Rates effective as of Monday, October 19, 2026
Qualifying balance up to $1,000.00
Student defined as child 18 years or younger; only one student share per qualifying SSN; max deposit of $2,500.00
Age: 0-21; No minimum balance; Dividend Credited: Monthly; Balances above $2,500.00 are paid the standard share savings rate
Minimum Balance for Dividend: N/A; Dividends compounded & credited: Quarterly
Promotional rate through May 31, 2027; Balance: up to $5,000; 0.05% APY on balances above $5,000 through May 31, 2027; after promotional period APY reverts to current variable rate; account available only for individuals receiving eligible fair sale proceeds checks; Account must be opened with eligible fair sale proceeds
Balance: $0 - $5,000; Savings and Club Accounts
Balance: $0 - $999.99; Blended rate account, Tier 1 rate applies only to the first $999.99; Valid thru 10/31/2026
Balance: $500.00 - $999.99; No minimum balance is required; Limit 1 per membership; Checking with a debit card required to open account; Not eligible for combination with business or youth savings accounts
Balances $1,000.01 and over earn a lower, standard savings dividend rate than the first $1,000 on deposit
Balance: $0.01 - $1000 at 5.00% APY; Qualifying balance up to $1000; 0.05% APY on balances above $1000 (lower tier ignored); Must be an active Meijer Team Member; APYs accurate as of 10/01/2024
Balance: $0-$1,000.00; Limit one Youth Savings account per member; APY reflects a blended rate; Fees may reduce earnings
Balance: $0.00 - $499.99; No minimum balance is required; Limit 1 per membership; Checking with a debit card required to open account; Not eligible for combination with business or youth savings accounts
Balance: All Balances for first 6 months; Promotional rate for first 6 months
Balance: All Balances for first 6 months; Promotional rate for first 6 months
- Oct 20, 20264.20%▲ from 3.75%
- Sep 24, 20263.75%first recorded
Promotional rate for first 6 months from account opening on all balances; applies to New Money only; new accounts only; after promotion earns Platinum HYSA rates
Terms and Conditions apply; Dividend rate may change after the account is opened
Qualifying; Balance: $0.01 - $100,000.00; Compounded Monthly
Ages 17 & Younger; Liquid Savings Account; Can Add Funds At Anytime; Can Withdraw Funds At Anytime
Balance: $1,000,000 and over
Balance: $100,000 +; *Annual Percentage Yield designated as APY.
Balance: $50,000.01 and greater; Must be funded with all new money
Balance: $150,000 - $499,999.99; 3.75% APY rate eligible on Simple High-Yield account balances $150,000 - $499,999.99; Rate effective 09/22/2026; subject to change daily
- Sep 27, 20263.75%▲ from 3.51%
- Sep 14, 20263.51%first recorded
Published APY range: 3.62% to 5.00%. Balance: $1,000 - $1,999.99; Blended rate tier; Valid Thru: 10/31/2026
Valid Thru: 10/25/2026
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.
Birmingham, MI Savings Rate Trends
Compare local Birmingham, MI savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Michigan high-yield savings rates rose 0.024 points over the past 7 days to 2.256% APY, up from 2.232%.
Michigan standard savings rates fell 0.038 points over the past 7 days to 0.425% APY, down from 0.463%.
Birmingham, Michigan Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current MI high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current MI high-yield savings average of 2.256% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Birmingham, Michigan.
Savings Account Earnings in Birmingham, Michigan
Annual interest earnings at current MI average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.256% APY) | Monthly Earnings | Standard Savings (0.425% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $112.80 / year | $9.40 | $21.24 / year | $1.77 |
| $10,000 | $225.59 / year | $18.80 | $42.47 / year | $3.54 |
| $25,000 | $563.98 / year | $47.00 | $106.18 / year | $8.85 |
| $50,000 | $1,127.95 / year | $94.00 | $212.35 / year | $17.70 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Birmingham, Michigan savings rate averages as of October 25, 2026. | ||||
About Our Birmingham, Michigan Savings Rate Database
MonitorBankRates found 9 institutions with branches in Birmingham (7 banks, 2 credit unions), plus 20 additional state-chartered and national online institutions available to Birmingham 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 savings account at 4.00% APY with a minimum deposit of $1. Use the rate table above to compare all current offers in Birmingham, Michigan.
How to Find the Best Savings Rates in Birmingham, Michigan
What to compare when shopping for a savings account in Birmingham, Michigan
To find the best savings APYs in Birmingham, Michigan, start with credit unions and online-only banks: Birmingham, Michigan has 20 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current MI high-yield savings average is 2.256% but top local institutions are offering as high as 4.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Birmingham, Michigan high-yield savings rates currently average 2.256% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Birmingham, Michigan institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 29 institutions in Birmingham, Michigan report savings rates to our database.
- You’re among Birmingham, Michigan’s 18.2% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Birmingham, Michigan CD rates
- You want check-writing flexibility Birmingham, Michigan money market rates
- You need daily transaction access Birmingham, Michigan checking rates
Birmingham, Michigan Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.2% of residents are 65 or older, in line with the national average of 17.3%. At today’s MI high-yield savings average of 2.256%, saving 10% of the local median salary ($8,454/year) would earn an additional $191 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Birmingham, Michigan Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Birmingham, Michigan.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MI Avg APY | 2.256% | 0.425% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Birmingham, Michigan averages tracked in our database as of October 25, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Birmingham, Michigan
At MI’s top rate of 4.00% from Flagstar Bank, National Association, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Birmingham, Michigan earner is roughly $21,100. At 2.256% APY, saving $1,760/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMichigan’s high-yield savings average is 2.256% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Birmingham, Michigan earner makes $84,541/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.256% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.256% APY grows to roughly $39,058 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Birmingham, Michigan savings 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 Savings Rate Data: We aggregate savings account rates for Birmingham, 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 savings 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 Birmingham, Michigan. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Birmingham, Michigan
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Birmingham, Michigan safe?
How often do savings rates change in Birmingham, Michigan?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Birmingham, Michigan?
How do I open a savings account in Birmingham, Michigan?
Best Savings Rates in Birmingham, Michigan
- Flagstar Bank, National Association
Flagstar Ready Savings: 4.00% APY - Bank of Ann Arbor
Health Savings Account: 3.50% APY - Wells Fargo
Platinum Savings - New Savings Customers: 3.25% APY - The Huntington National Bank
Relationship Savings Account - With Huntington Perks Checking: 3.25% APY - Dfcu Financial Credit Union
Business Savings: 3.00% APY
Birmingham, Michigan Rates & Resources
