Compare today's average CD rates in the state of Michigan. Bankrate aggregates CD rates from multiple sources to provide averages for Michigan.

Michigan CD Rates Wednesday, June 20
Term Rate Change Last week
1 year 1.00% 0.03 0.97%
18 months 1.23% 0.01 1.22%
2 year 1.14% 0.07 1.07%
3 year 1.23% -- 0.00 1.23%
4 year 1.34% 0.01 1.33%
5 year 1.70% 0.01 1.69%
5 year jumbo 1.73% 0.00 1.73%
Today's 1-year CD rate:
1.00 %

Current rates in Michigan are 1.00% for a 1-year CD, 1.14% for a 2-year CD, and 1.70% for a 5-year CD.

Compare and lock-in current CD rate quotes in Michigan from multiple lenders. Bankrate provides real-time rates.