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Despite low national rates, there are still some institutions offering better-than-average yields. Credit unions and online banks, for example, are offering much better deals. Just make sure you shop around thoroughly to find the best CD rates in Detroit, MI, and in other areas of Michigan.
Certificates of deposit are safe investments. Traditional CDs are insured up to $250,000 per depositor. Just keep in mind that you'll be locking up your money for a specific amount of time when you invest in a CD. Use our research to find CD rates in Detroit, MI, today.
CD rates in Detroit, Michigan
Here are the CD rates in Detroit, MI, as of 12:00 p.m.
| Institution | APY | Min Deposit |
| Ally | 1.04% | $0 |
| Charter One Bank | 0.05% | $1,000 |
| PNC Bank, NA | 0.2% | $1,000 |
| Chase Bank | 0.15% | $1,000 |
| Comerica Bank | 0.15% | $1,000 |
| Bank of America | 0.03% | $1,000 |
| Fifth Third Bank | 0.05% | $500 |
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