CD rates in Grand Rapids, Michigan

Daily Mortgage blog

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CD rates are low throughout the country. In fact, average rates on CDs just dropped, according to our most recent survey. The average one-year CD rate is now at 0.29 percent. Fortunately, several institutions are still offering better deals. Check our survey to find the best CD rates in Grand Rapids, MI, and in other areas of Michigan.

Certificates of deposit are insured up to $250,000 per depositor. Just keep in mind that you’re putting your money away for a specific amount of time when you invest in a CD. Most institutions have stiff penalties for withdrawing your money before the maturity date. Use our survey to find CD rates in Grand Rapids, MI.

CD rates in Grand Rapids, Michigan

Here are the one-year CD rates in Grand Rapids, MI, as of 10:00 a.m.

Institution APY Min Deposit
Ally 1.04% $0
Chase Bank 0.15% $1,000
Fifth Third Bank 0.05% $500
Wells Fargo Bank 0.05% $2,500