Interest Rates in Michigan Surpass National Deposit Rate Averages, According to releases its latest “Best Interest Rates in Every State” report, a series that investigates state interest rates. This weeks’ report investigates rates in Michigan, where findings reveal that rates are highly competitive.
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* El Segundo - California - US

Jan. 8, 2013 - PRLog -- As part of their weekly “Best Interest Rates in Every State” series,’ explores the condition of interest rates in Michigan, the Great Lakes State. The latest installment evaluates the competitiveness of deposit products, namely certificate of deposits (CD) and savings accounts, Michigan has to offer residents, particularly as compared to national U.S. deposit rate averages.

“Although deposit account interest rates today are incredibly low nationwide, the silver lining for Michigan residents is that all local deposit account rates are high above average national interest rates,” shares Jennifer Calonia, Go Banking Rates’ lead reporter for the study.

The Go Banking Rates’ study shares the average interest rates in Michigan for 6-month, 1-Year and 2-year CDs, as well as for Michigan savings accounts.

Go Banking Rates also identifies the top 10 financial institutions in the state for each banking product in addition to the rate offered at each institution.

Click here to see the full study:

The next installment of Go Banking Rates’ “Best Interest Rates in Every State” series is scheduled to launch on Wednesday, January 9, 2013 on This installment will focus on interest rates in Georgia.

About Go Banking Rates is a national personal finance website dedicated to connecting readers with the best interest rates on bank products nationwide. The Go Banking Rates team manually collects interest rate information from over 4,000 banks and credit unions, making their database the only source of comprehensive and authentic local rate data. is the national flagship site within a network of more than 1,500 banking domains, including local partner site, which generate more than 2 million visits each month. Michigan Banking Rates is a locally-focused website dedicated to connecting Michigan readers with the best interest rates in the state on Certificates of Deposits, Savings Accounts, Auto Loans, Mortgages and more.

For questions or comments, please contact:

Jaime Catmull, Director of Public Relations |
310.297.9233 x261
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Tags:Michigan, Interest Rates, Savings Account, Mortgage Rates
Industry:Business, Banking
Location:El Segundo - California - United States
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Page Updated Last on: Jan 08, 2013
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