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Money market account and rates in Detroit, Michigan

By Mitch Strohm · Bankrate.com
Tuesday, August 27, 2013
Posted: 12 pm ET

The average money market account rate is currently at 0.11 percent. That's low, but there are still some better-than-average rates out there. For example, one bank in this survey is currently paying 0.84 percent, nearly three-fourths of a percentage point more than the national average. Use our tools to shop for a money market account and rates in Detroit, MI.

Money market accounts are safe investments. They are insured up to $250,000 per bank. Just make sure to shop around thoroughly in Michigan. Our research can help you find a money market account and rates in Detroit, MI, today.

 

Money market account and rates in Detroit, Michigan

Here are the money market account rates in Detroit, MI, as of 10:00 a.m.

Bank Institutions Intro Rate Intro Months Rate After Intro APY Min Bal Open Min Bal Avoid Fees Monthly Fees
Ally 0% 0 0.84% 0.84% $0 $0 $0
Citizens Community Federal 0% 0 0.25% 0.25% $1,000 $1,000 $10
BestBank 0% 0 0.05% 0.05% $2,400 $500 $10
Dearborn Federal Savings Bank 0% 0 0.05% 0.05% $2,500 $400 $5
Bank of America 0% 0 0.04% 0.04% $25 $2,500 $12

Calculate your money market account rate with our savings calculator.

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