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Michigan residents have a wide range of online and in-person savings accounts to choose from. We can help you find an account that is best suited for your needs and preferences.
A high-yield savings account can help you to increase your savings faster than a standard account. It usually has a higher annual percentage yield (APY), which is many more times higher than the national average of 0.05%. While the APY is an important feature, other factors need to be considered as well.
A key aspect during the selection process is the account service charge. High account charges significantly reduce net earnings. Look for a combination of high APY and low service charges. Also, consider the minimum requirements, security, and ease of access.
Finding an account best suited for your needs can be time-consuming and challenging. WalletBrain is here to help you make the right choice. Use our comprehensive review of some of the best savings accounts in Michigan and make an informed choice today.
UFB Direct Rewards Savings comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.
This savings account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.
Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.
This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.
First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.