Michigan Data

1.20% APY
Savings Rates
1.2% APY
National Avg
January 2026
Updated
top rate
4.70
median rent
1150

Nearby States

AlabamaAlaskaArizonaArkansas

Michigan Savings Rates (2026) — How It Compares to Other States

High-yield savings account average rate

Rates by State‹Savings Rates‹Michigan
StateSavings Rates (APY)vs National
→ MichiganRank #30 / 50-NaN%
→ Michigan$1,000-$2,500-NaN%
→ Michigan$175-$275/hr-NaN%
→ Michigan4.05%-19.0%
→ Michigan4.95%-1.0%
→ Michigan1.20% APY-0.0%
→ Michigan$150–$350-NaN%

Frequently Asked Questions

What are Michigan savings rates in 2026?
Michigan savings rates are currently 1.20% APY as of January 2026. The national average is 1.2% APY. Michigan is at or below the national average.
How do Michigan savings rates compare to other states?
Michigan savings rates of 1.20% APY compare to a national average of 1.2% APY. Rates vary by state based on local market conditions, legislation, and economic factors.
Where can I find the best savings rates in Michigan?
Online banks and credit unions in Michigan typically offer rates well above the branch average of 1.20% APY.

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