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Certificates of Deposit

Trust our local experts to put your money to work for your business while keeping it safe and sound with tailored and secure deposit solutions.

Protect & Plan Ahead with CDs

At First National Bank of Michigan, we have a variety of innovative investment services designed to leverage the power of your commercial balances through Certificates of Deposits (CDs).

These useful services provide a number of advantages, including:

  • Security — In terms of investment, CDs are considered a safe option. Additionally, the Federal Deposit Insurance Corporation (FDIC) currently insures customers’ CDs at member banks including First National Bank of Michigan to the maximum allowed by law.
  • Future Planning — CDs offer you fixed interest rates. What’s more, you’ll be able to anticipate the rate at which your money grows, making planning and preparing for the future easier.
  • Higher Yields — Since CDs earn steady interest at a higher rate than an average savings account, they’re a great way to diversify your investments. In addition to or as an alternative to the traditional savings account you already have, the choice is all yours!

Find Your Local Commercial Banker

Senior Vice President, Market President
Market President
Vice President, Commercial Banking
Senior Vice President and Commercial Relationship Manager
Executive Vice President & Senior Lender
Market President
Vice President, Commercial Banking
Vice President, Commercial Banking
Vice President, Commercial Banking
Assistant Vice President, Commercial Banking
Vice President, Commercial Banking
Senior Vice President & Commercial Banking Group Manager
Vice President, Commercial Banking
Vice President, Commercial Banking
Vice President, Commercial Banking
Senior Vice President, Treasury Management and Deposit Operations Manager
Vice President, Commercial Banking
Vice President, Commercial Banking
Vice President, Commercial Banking

Current Rates

Rising Rate Certificate of Deposit

Interest is compounded daily. The minimum deposit is $10,000. A 10-day option to withdraw is available at the end of each six-month term. A penalty for early withdrawals applies at other times. No brokered deposits.
Rising Rate Certificate of Deposit Current Rates
Terms Interest Rate APY *
First 6-month term 3.00% N/A
Second 6-month term 3.50% N/A
Third 6-month term 4.00% N/A
Blended APY* N/A% 3.50%
*APY = Annual Percentage Yield. Current rates are subject to change; terms assume all funds remain on deposit for the full term.
Last updated on 11/17/2022.

Certificate of Deposit

The minimum to open is $2,500. A penalty may be imposed for early withdrawal.
Current Commercial Certificate of Deposit Rates
Balance $0 - $99,999 $100,000 - $249,999 $250,000 - $499,999 $500,000+
Term Interest Rate APY * Interest Rate APY * Interest Rate APY * Interest Rate APY *
30 Day 0.60% 0.60% 0.80% 0.80% 1.00% 1.00% 1.20% 1.20%
60 Day 0.80% 0.80% 1.00% 1.00% 1.20% 1.20% 1.40% 1.40%
90 Day 1.00% 1.00% 1.20%  1.20% 1.40% 1.40% 1.60% 1.60%
6 Month 1.20% 1.20% 1.40% 1.40% 1.60% 1.60% 1.80% 1.80%
9 Month 1.40% 1.40% 1.60% 1.60% 1.80% 1.80% 2.00% 2.00%
1 Year 1.60% 1.60% 1.80% 1.80% 2.00% 2.00% 2.20% 2.20%
18 Month 1.80% 1.80% 2.00% 2.00% 2.20% 2.20% 2.40% 2.40%
2 Year 2.25% 2.25% 2.45% 2.45% 2.65% 2.65% 2.85% 2.85%
3 Year 2.50% 2.50% 2.70% 2.70% 2.90% 2.90% 3.10% 3.10%
4 Year 2.50% 2.50% 2.70% 2.70% 2.90% 2.90% 3.10% 3.10%
5 Year 2.50% 2.50% 2.70% 2.70% 2.90% 2.90% 3.10% 3.10%
*APY = Annual Percentage Yield. APY is based on a $2,500 balance for entire designated CD term. Current rates are subject to change. Fees could reduce earnings.
Last updated on 11/17/2022.

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