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Money market accounts aren't paying much right now. The average MMA rate is currently at 0.11 percent. But there are still some better-than-average yields out there. Our research can help you find a decent money market account and rates in Detroit, MI.
These accounts are insured up to $250,000 per depositor by the FDIC at banks. If you're banking at a credit union, the NCUA insures your account up to the same amount. Use our research to find the best money market account and rates in Detroit, MI, and in other areas of Michigan.
Money market account and rates in Detroit, Michigan
Here are the money market account rates in Detroit, MI, as of 5:30 p.m. on Friday.
| Bank Institutions | Intro Rate | Intro Months | Rate After Intro | APY | Min Bal Open | Min Bal Avoid Fees | Monthly Fees |
| Ally | 0% | 0 | 0.95% | 0.95% | $0 | $0 | $0 |
| Citizens Community Federal | 0% | 0 | 0.25% | 0.25% | $1,000 | $1,000 | $10 |
| BestBank | 0% | 0 | 0.1% | 0.1% | $2,400 | $500 | $10 |
| Dearborn Savings Bank | 0% | 0 | 0.05% | 0.05% | $2,500 | $400 | $5 |
| Bank of America | 0% | 0 | 0.03% | 0.03% | $25 | $2,500 | $12 |
Calculate your money market account rate with our savings calculator.
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