Certificates of Deposit
Trust the local experts at FNBM to put your money to work for you. With Certificates of Deposits (CDs), we keep your funds safe and sound.
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 personal balances through Certificates of Deposits (CDs).
These useful services provide a number of advantages, including:
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- 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 Personal Banker
Current Rates
Certificate of Deposit Special
A $10,000 minimum deposit is required.
*APY = Annual Percentage Yield. Current rates are subject to change. Fees could reduce earnings on accounts. Early withdrawal penalties will apply if funds are withdrawn prior to maturity. This is a limited-time offer. Rates are subject to change. Brokered deposits are not eligible for this offer. Ask your banker about terms and conditions for additional details.
| Terms | Interest Rate | APY * |
|---|---|---|
| 3 Month | 4.17% | 4.25% |
| 7 Month | 3.93% | 4.00% |
Last updated on 11/07/2024.
Rising Rate Certificate of Deposit
Interest is compounded monthly. The minimum deposit is $10,000. There is a 10-day option to withdraw at the end of each six-month term. A penalty for early withdrawals applies at other times. No brokered deposits.
APY = Annual Percentage Yield. Current rates are subject to change; assumes all funds remain on deposit for the full term.
| Terms | Interest Rate | APY * |
|---|---|---|
| 6 Month Term | 3.25% | 3.30% |
| 6 - 12 Month Term | 3.50% | 3.56% |
| 12 - 18 Month Term | 3.75% | 3.82% |
| Blended APY* | 3.50% | 3.56% |
Last updated on 11/07/2024.
Certificate of Deposit
The minimum to open is $2,500. A penalty may be imposed for early withdrawal.
*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.
| Balance | $0 - $49,999 | $50,000 - $99,999 | $100,000+ | |||
|---|---|---|---|---|---|---|
| Term | Interest Rate | APY * | Interest Rate | APY * | Interest Rate | APY * |
| 30 Day | 1.25% | 1.26% | 1.45% | 1.46% | 1.65% | 1.66% |
| 60 Day | 1.50% | 1.51% | 1.70% | 1.71% | 1.90% | 1.92% |
| 90 Day | 1.75% | 1.76% | 1.95% | 1.97% | 2.15% | 2.17% |
| 6 Month | 2.00% | 2.02% | 2.20% | 2.22% | 2.40% | 2.43% |
| 9 Month | 2.25% | 2.27% | 2.45% | 2.48% | 2.65% | 2.68% |
| 1 Year | 2.50% | 2.53% | 2.70% | 2.73% | 2.90% | 2.94% |
| 18 Month | 2.75% | 2.78% | 2.95% | 2.99% | 3.15% | 3.20% |
| 2 Year | 3.00% | 3.04% | 3.20% | 3.25% | 3.40% | 3.45% |
| 3 Year | 2.75% | 2.78% | 2.95% | 2.99% | 3.15% | 3.20% |
| 4 Year | 2.50% | 2.53% | 2.70% | 2.70% | 2.73% | 2.94% |
| 5 Year | 2.50% | 2.53% | 2.70% | 2.73% | 2.90% | 2.94% |
Last updated on 11/04/2024.
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Learn more about why First National Bank of Michigan is right for you.