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Do you have a small amount of capital that you're looking to invest in the Motor City? You may want to consider looking for CD rates in Detroit, MI. Many large national and online banks are posting yields well above the national average to attract depositors. As a low-risk investment, a 6-month CD can be a good choice for the careful investor in Arizona.
Short-term yields allow you to take advantage of higher CD rates that may pop up down the line. Penalties for early withdrawal can be quite stiff, so make sure you shop around to find CD rates in Detroit, MI, that fit your budget. Bankrate.com can help you locate the best CD rates across the nation.
CD rates in Detroit, MI
Here are the 6-month CD rates as of 2:00 p.m. on Friday in Detroit, MI.
| Institution | APY | Min Deposit |
| Ally | 1% | $0 |
| BestBank | 0.30% | $1,000 |
| First Place Bank | 0.25% | $2,500 |
| Chase Bank | 0.20% | $1,000 |
| Comerica Bank | 0.20% | $1,000 |
| Dearborn Savings Bank | 0.20% | $500 |
| PNC Bank, NA | 0.20% | $1,000 |
| Northern Trust Bank | 0.10% | $10,000 |
| Bank of America | 0.05% | $1,000 |
| Fifth Third Bank | 0.05% | $500 |
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