What is the interest rate for CDs Michigan banks?

What is the interest rate for CDs Michigan banks?

CD Rates in Michigan

Term	Avg Rate	Last week
1 year	0.52%	0.37%
18 months	0.91%	0.50%
2 year	0.63%	0.43%
3 year	0.70%	0.52%

Where are CD rates Headed 2021?

CD rates should stay low in 2021, but they probably won’t drop as drastically as they did in 2020. Rates could go up if the US economy recovers from the pandemic more quickly than expected. Even with relatively low rates, a CD could be the right savings tool for you, depending on your goals.

What is the minimum deposit at Lake Michigan Credit Union?

Lake Michigan Credit Union serves residents in Michigan and Florida. Its wide selection of certificate of deposit (CD) terms range from three months in length up to five years. All of those terms are available as part of a retirement account. The minimum deposit requirement of $500 also makes the accounts accessible to many customers.

How accurate is Lake Michigan Credit Union’s information on third party sites?

Lake Michigan Credit Union makes no endorsement or claims about the accuracy or content of information contained within the third party site to which you may be going. The security and privacy policies of these sites may be different from Lake Michigan Credit Union.

Where is Lake Michigan Credit Union located?

Lake Michigan Credit Union (LMCU) is based in Grand Rapids, Michigan. It serves residents of Michigan’s lower peninsula. Through acquisitions of other credit unions, LMCU also serves Florida residents in the counties of Charlotte, Collier, Desoto, Glades, Hardee, Hendry, Highlands, Hillsborough, Lee, Manatee, Monroe, Palm Beach, Polk and Sarasota.

What is a credit union CD?

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions.