Deposit Rates Grand Rapids

Time Certificate of Deposit***

CD Term Interest RateAPY*
1-5 Months2.28%2.30%
6-11 Months3.02%3.05%
12-23 Months5.05%5.15%
24-35 Months4.72%4.80%
36-47 Months4.57%4.65%
48-59 Months4.47%4.55%
60 Months4.47%4.55%
72 Months4.28%4.35%
84 Months4.23%4.30%

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Money Market Checking**

Money Market
Checking Term
Interest RateAPY*
Less than $49,9993.45%3.50%
$50,000 to $99,9993.45%3.50%
$100,000 to $249,9993.69%3.75%
$250,000 to $999,9993.69%3.75%
Over $1,000,0003.69%3.75%


Statement SavingsInterest RateAPY*
Statement Savings.25%.25%

*Interest rates and Annual Percentage Yields (APY) are accurate as of 01/18/2024 and are subject to change without notice. Fees could reduce earnings on the account. A withdrawal will reduce earnings. 

**First National Bank of America will match or beat any money market savings rate from an FDIC insured bank in East Lansing, Grand Rapids, or Traverse City, Michigan based upon where you reside. “Match or Beat” rates will be determined monthly and changed accordingly – rate specials lasting 6 months or less and rates with additional deposit or loan requirements are excluded. Not available for businesses.

***$1,000 minimum balance to obtain the APY. The same CD rates are also available on Roth and Traditional IRA CD’s for terms from 12 months through 60 months. The APY on all certificates assumes that principal and interest will remain on deposit until maturity. A penalty may be imposed for early withdrawal. 

HomeTowne Money Market Checking: $1,000 minimum balance to open an account. The interest rate may vary after the account is opened. Not available for businesses.

Statement Savings: Minimum opening deposit of $100. The interest rate may vary after the account is opened.