Certificates of Deposit
 

 

 

Certificates of Deposit are great savings accounts providing a guaranteed rate of interest, along with the peace of mind of FDIC insurance.

 

All of these products can be accessed with Online Banking, Cell Phone/PDA Banking, and Telephone Banking. 

 
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Term Certificates of Deposit
Term Certificates of Deposit

Consider Certificates of Deposit to invest your money if you do not expect to need it on short notice. They offer higher interest rates in return for a commitment to set aside your money for a specific length of time.

Golden 50 Certificates of Deposit
Golden 50 Certificates of Deposit

Certificates of deposit tailored to our customers 50 years of age or better.


Certificates of Deposit
TypeMinimum to Open and Obtain APYRateAPYCompounded
7-31 Day$1,0000.16%0.16%Maturity
3 Month$1,0000.25%0.25%Maturity
6 Month$1,0000.45%0.45%Maturity
9 Month$1,0000.50%0.50%Maturity
12 Month$5000.75%0.75%Quarterly
18 Month$5000.75%0.75%Quarterly
20 Month$1,0000.75%0.75%Quarterly
24 Month$5001.05%1.05%Quarterly
36 Month$5001.25%1.26%Quarterly
48 Month$5001.50%1.51%Quarterly
60 Month$5001.80%1.81%Quarterly
72 Month$1,0001.90%1.91%Quarterly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Penalty may be imposed for early withdrawal.
Golden 50 CDs
TypeMinimum to Open and Obtain APYRateAPYCompounded
3 Month$5,0000.25%0.25%Maturity
6 Month$5,0000.45%0.45%Maturity
9 Month$5,0000.50%0.50%Maturity
12 Month$5,0000.75%0.75%Quarterly
18 Month$5,0000.75%0.75%Quarterly
24 Month$5,0001.05%1.05%Quarterly
36 Month$5,0001.25%1.26%Quarterly
48 Month$5,0001.50%1.51%Quarterly
60 Month$5,0001.80%1.81%Quarterly
72 Month$5,0001.90%1.91%Quarterly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Penalty may be imposed for early withdrawal.

 

First Michigan Bank is participating in the FDIC Transaction Account Guarantee Program