Savings Accounts 
  
 

We offer a variety of savings accounts to meet the needs of anyone who wishes to save for a designated purpose or for the future. From simple savings accounts to accounts that offer higher yields and check writing ability, you’ll find an account just for you.
 
All of these products can be accessed with Online Banking, Cell Phone/PDA Banking, and Telephone Banking. 

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Regulation D Transaction Limitations -Federal regulations require banks to limit the way withdrawals and transfers may be made from a savings or money market account. Click here for additional information on restricted transactions and applicable fees.

Product Detail Compare Products
Value Savings
Value Savings

Customers who want the flexibility to deposit and withdraw at any time and wish to maintain smaller balances

Premium Choice Savings
Premium Choice Savings

Customer who seek a high-yield savings account, free of limits or restrictions

Money Market
Money Market

Customers who maintain higher balances to earn attractive rates and wish to write a few checks each month

Premium Money Market
Premium Money Market

Customers who are rate sensitive and wish to deposit money into a liquid account that is available when they need it

Holiday Savings
Holiday Savings

Customers who want to save money with a specific goal in mind, such as holidays or vacations

Health Savings Account (HSA)
Health Savings Account (HSA)

Customers who have a high-deductible health plan and want tax-free withdrawals for qualified medical expenses

Kids Club Savings
Kids Club Savings

Kids who are 13 and younger to help them learn the importance of saving money.


Value Savings
Minimum to obtain APYRateAPYCompounded
$50.00 +0.15%0.15%Quarterly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
Premium Choice Savings
Minimum to obtain APYRateAPYCompounded
$0.00-9,999.990.05%0.05%Monthly
$10,000.00 - $24,999.990.10%0.10%Monthly
$25,000.00 - $49,999.990.10%0.10%Monthly
$50,000.00 - $99,999.990.25%0.25%Monthly
$100,000.00 - $249,999.990.25%0.25%Monthly
$250,000.00 +0.35%0.35%Monthly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
Money Market
Minimum to obtain APYRateAPYCompounded
$1,000.00 - $9,999.990.05%0.05%Monthly
$10,000.00 - $24,999.990.05%0.05%Monthly
$25,000.00 - $49,999.990.10%0.10%Monthly
$50,000.00 - $99,999.990.25%0.25%Monthly
$100,000.00 - $249,999.990.25%0.25%Monthly
$250,000.00 +0.35%0.35%Monthly
*APY is Annual Percentage Yield. Rates are as 09/02/10 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
Premium Money Market
Minimum to obtain APYRateAPYCompounded
$0.00 - $2,499.990.00%0.00%Monthly
$2,500.00 - $9,999.990.05%0.05%Monthly
$10,000.00 - $24,999.990.05%0.05%Monthly
$25,000.00 - $49,999.990.10%0.10%Monthly
$50,000.00 - $99,999.990.25%0.25%Monthly
$100,000.00 +0.25%0.25%Monthly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
Holiday Savings
Minimum to obtain APYRateAPYCompounded
$0.00 +0.15%0.15%Quarterly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
Health Savings Account (HSA)
Minimum to obtain APYRateAPYCompounded
$0.00 - $999.990.05%0.05%Monthly
$1,000.00 - $4,999.990.10%0.10%Monthly
$5,000.00 - $14,999.990.10%0.10%Monthly
$15,000.00 +0.25%0.25%Monthly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.
Kids Club Savings
Minimum to obtain APYRateAPYCompounded
$0.00 +0.15%0.15%Quarterly
*APY is Annual Percentage Yield. Rates are as of 09/02/10 and are subject to change. Fees could reduce earnings on the account and the rate may change after account opening.

 

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