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CDs can be useful in the fixed-income portion of your portfolio. But many investors are looking to other investments to make up for low CD rates. Even though yields are low, CDs are insured by the FDIC up to $250,000 per depositor and offer a steady return. CD rates in Grand Rapids, MI, have been heading steadily south, but there are still some decent yields available. Our survey can bring you the best CD rates in your area of Michigan.
Because most institutions have penalties for withdrawing money early, it's important to budget before purchasing a CD. Find CD rates in Grand Rapids, MI, and in other cities throughout the nation.
CD rates in Grand Rapids, Michigan
Here are the CD rates in Grand Rapids, MI, as of 10:00 a.m. on Wednesday.
| Institution | APY | Min Deposit |
| Ally | 1.01% | $0 |
| Mercantile Bk | 0.4% | $500 |
| Chase Bank | 0.2% | $1,000 |
| Huntington Bank | 0.15% | $1,000 |
| Fifth Third Bank | 0.05% | $500 |
| Wells Fargo Bank | 0.05% | $2,500 |
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