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Michigan CD Rates & Personal Banking Rates

Maximize your savings with competitive Michigan CD rates and personal deposit accounts from a bank rooted in your community. Since 1934, Union Bank has helped families throughout West and Central Michigan achieve their financial goals with products designed to support both short-term needs and long-term growth.

Whether you're looking for a Certificate of Deposit (CD), savings account, money market account or checking account, you'll find all current personal banking rates in one convenient location.
 
 

Featured CD Rates

182 Day CD
 

3.02% APY

9 Month CD
 

3.77% APY

12 month CD
 

3.96% APY

13 month CD
 

4.16% **APY

Choose a CD Term That Matches Your Savings Goals

We offer flexible CD terms ranging from 3 months to 5 years with a low $500 minimum opening deposit. Choosing the right term comes down to aligning your CD maturity date with your financial timeline. 
 
  • 182-Day CD (3.02% APY): Ideal for short-term savings where you need liquidity in roughly six months without risking your principal.
  • 9-Month CD (3.77% APY): A strong middle-ground option that significantly boosts your yield while keeping your savings commitment under a year.
  • 12-Month CD (3.96% APY): A great choice for customers seeking a predictable return over a traditional one-year savings horizon.
  • 13-Month CD (4.16% **APY): Our highest-yield featured CD, designed for savers looking to maximize earnings while locking in a competitive rate for just over one year. Ideal for longer-term savings goals, planned purchases or building your financial future with confidence.
Need guidance on selecting the right term length? Speak with a local Union Bank team member or contact our Virtual Branch for personalized assistance in choosing the CD that best fits your savings goals.

 

Michigan CD Rates and Personal Deposit Rates 

The following Personal Deposit account rates are effective as of September 29, 2026.

Things you need to know:  All rates are quoted in Annual Percentage Yield (APY) and are applicable as of the effective date. Rates are subject to change without notice. Interest is paid on the full balance for the applicable tier.  The APY may change after the account is opened. Some accounts may require minimum deposits. Fees could reduce earnings on the accounts. 
 
Visit our personal checking and personal savings pages for terms and conditions.
  • Maximize your earnings in time frames that will meet your cash flow requirements.
  • Minimum opening deposit of $500.00 required. Maturity terms range from 91 days to 5 years.
  • Additional deposits not accepted during the term. The certificate may be increased at the time of maturity or renewal.
  • Interest rates determined by Union Bank. Your certificate will renew for the same term, at the interest rate in effect at the time of maturity, if you do not redeem it.
  • Interest earned may be added back to the certificate, paid by check or deposited in a checking or savings account.
  • There is a 10–day grace period after the maturity date in which withdrawals or deposits can be made. Withdrawals made after the 10th day will be assessed a penalty.
  • Certificates of Deposit opened online do not qualify for Class Act Club special interest rate increases. 
*NOTE: Penalty for early withdrawal on Certificates of Deposit. Minimum $500 deposit to open a new account.
 
Duration APY Minimum Opening Balance
91 Day 0.10% $500.00
182 Day 3.02% $500.00
9 Month 3.77% $500.00
12 Month 3.96% $500.00
13 Month** 4.16% $500.00
15 Month 1.00% $500.00
18 Month 1.00% $500.00
24 Month 1.00% $500.00
30 Month 1.00% $500.00
36 Month 1.00% $500.00
45 Month 1.00% $500.00
48 Month 1.00% $500.00
60 Month 1.25% $500.00
**Annual Percentage Yield (APY) accurate as of 9/29/2026. $500 minimum deposit required to open and earn APY. Fees may reduce earnings. A penalty may be imposed for early withdrawal. Interest is compounded and credited quarterly and again at maturity for any interest accrued since the most recent crediting date. At maturity, the 13-Month Special CD will automatically renew as Union Bank's standard 12-Month CD unless funds are withdrawn during the grace period. Promotional offer subject to change or discontinuation at any time without notice.
Balance APY Minimum Opening Balance
Balance of $0 to $24,999.99  1.00% $50.00
Balance $25,000 to $199,999.99  1.51% $50.00
Balance $200,000 to $999,999.99  2.02% $50.00
Balance $1,000,000 and over  2.53% $50.00
Balancing APY Minimum Opening Balance
Balance $0 to $249,999.99 1.51% $100.00
Balance $250,000 to $499,999.99 2.02% $100.00
Balance $500,000 to $999,999.99
 2.53% $100.00
Balance $1,000,000 and above 3.56% $100.00
 
Balance APY Minimum Opening Balance
Christmas Club Coupon Book 0.05 % $1.00
Christmas Club Electronic 0.10% $1.00

Balance APY Minimum Opening Balance
Balance $0 to $24,999.99  0.10% $50.00
Balance $25,000 to $199,999.99  0.15% $50.00
Balance $200,000 to $999,999.99  0.20% $50.00
Balance $1,000,000 and over  0.25% $50.00

Balance APY Minimum Opening Balance
Balance of $0 to $1,999.99 1.00% $5.00
Balance $2,000 to $4,999.99 1.51% $5.00
Balance $5,000 and over 2.02% $5.00



How Certificates of Deposit Help You Plan for the Future

The true strength of a CD lies in total financial certainty. Unlike market investments or variable savings accounts that fluctuate daily, a CD locks in your interest rate for the full term, ensuring guaranteed, predictable growth. It serves as an ideal low-risk foundation, shielding your principal from market volatility while providing a safe anchor within a broader financial strategy.


Why Choose Union Bank for Your Certificate of Deposit?

For nearly a century, Union Bank has helped West Michigan and Grand Rapids families build strong financial futures. When you have questions about your CDs, you’ll speak with local experts who know your community, not a distant call center reading from a script. We take a personal, relationship-first approach to help you choose the right term and fit CDs seamlessly into your overall savings plan.


Open an Account Today

Ready to make your money work harder?

Explore Union Bank's competitive CD rates, savings accounts, money market accounts and checking account options. Whether you prefer to open an account online, speak with our Virtual Branch team, or visit a local branch, we're here to help you find the right solution for your financial goals.

Take the first step toward achieving your financial goals by opening a checking, savings, money market or CD account today.