bank rates

Top 3-, 4-Year CD Rates At Michigan Bank

mBank pays its top rates with a $250 minimum deposit.Michigan savers can score two great deals on CD rates at mBank, including a 48-month certificate of deposit that pays well more than the best 5-year CDs.

With a $250 minimum deposit, mBank pays:

  • 1.75% APY on 36-month CDs.
  • 2.25% APY on 48-month CDs.

The 3-year deal pays two-tenths of a percentage point better than the top nationally available 36-month CD rates on our CD Rates Leaderboard.

And the 48-month deal pays more than a third of a percentage point better than the top 5-year CDs on our Leaderboard.

That’s quite a deal in this low interest-rate environment.

You must be a Michigan resident to purchase these certificates of deposit. And you must also visit a branch in person.

There are 11 branches across the Great Lakes State: one in the northern Detroit suburb of Birmingham; three in Gaylord, Kaleva and Traverse City; and seven in the Upper Peninsula, in Escanaba, Manistique, Marquette, Newberry, Sault Ste. Marie and Stephenson.

For more information, visit mBank’s website at or call 888-343-8147.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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Comments (1)
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One Existing Comment
  1. Mike Cetera said:
    on May 11th at 09:07 am

    mBank has cut its rates. It now pays 1.50% APY on 36-month CDs and 2.00% APY on its 48-month CDs.