bank rates

Detroit Deal: 1.50% On 18-Month CDs

Savers throughout metropolitan Detroit can earn a top 2-year yield in just 18 months with TCF Bank.

Although TCF operates almost 400 branches in eight states, only Michigan customers are being offered its 18-month CD paying 1.50% APY.

That’s virtually the same as the best nationally available 24-month return from the banks on our CD Rates Leaderboard.

In addition, TCF is offering Michigan customers a 12-month option paying 1.35% APY, which matches the top 1-year certificate on our Leaderboard.

Both require a minimum deposit of $500 in new money, or funds not already on deposit at TCF.

Although any Michigan resident is eligible to buy these certificates of deposit, all accounts must be opened at one of the bank’s more than 50 Detroit-area branches.

Searching Bankrate’s extensive database of the best CD rates across the country is always prudent. If you can find a better deal than this you’ll know it’s a winner.

For dozens of additional local and regional deals, visit our constantly updated roundup of the top-paying CDs from credit unions and community banks around the country.

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