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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:

    • 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

Assistant Vice President, Branch and Consumer Loan Manager
Assistant Vice President, Branch Manager
Vice President, Branch Manager
Vice President, Branch Manager
Vice President, Branch Manager, Treasury Management Officer
Vice President, Branch Manager

Current Rates

Certificate of Deposit Special

A $10,000 minimum deposit is required. Funds currently on deposit with First National Bank of Michigan are not eligible.
Current Certificate of Deposit Rates
Terms Interest Rate APY *
14 Month 3.25% 3.25%
30 Month 4.05% 4.05%
*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 Early withdrawal penalties will apply if funds are withdrawn prior to maturity.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.
Last updated on 11/17/2022.

Rising Rate Certificate of Deposit

Interest is compounded daily. 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.
Current Rising Rate Certificate of Deposit Rates
Terms Interest Rate APY *
6 Month Term 3.00% N/A
6 - 12 Month Term 3.50% N/A
12 - 18 Month Term 4.00% N/A
Blended APY* N/A 3.50%
APY = Annual Percentage Yield. Current rates are subject to change; assumes 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 Certificate of Deposit Rates
Balance $0 - $49,999 $50,000 - $99,999 $100,000+
Term Interest Rate APY * Interest Rate APY * Interest Rate APY *
30 Day 0.60% 0.60% 0.80% 0.80% 1.00% 1.00%
60 Day 0.80% 0.80% 1.00% 1.00% 1.20% 1.20%
90 Day 1.00% 1.00% 1.20% 1.20% 1.40% 1.40%
6 Month 1.20% 1.20% 1.40% 1.40% 1.60% 1.60%
9 Month 1.40% 1.40% 1.60% 1.60% 1.80% 1.80%
1 Year 1.60% 1.60% 1.80% 1.80% 2.00% 2.00%
18 Month 1.80% 1.80% 2.00% 2.00% 2.20% 2.20%
2 Year 2.25% 2.25% 2.45% 2.45% 2.65% 2.65%
3 Year 2.50% 2.50% 2.70% 2.70% 2.90% 2.90%
4 Year 2.50% 2.50% 2.70% 2.70% 2.90% 2.90%
5 Year 2.50% 2.50% 2.70% 2.70% 2.90% 2.90%
*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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