Deal Summary

24-month CD, 0.25% APY, minimum deposit $500, dividends paid upon maturity

Independent Bank’s Top CD Rates

Independent Bank’s top CD rate is 0.25% APY. This rate is offered on the credit union’s 24-month CD with a minimum deposit of $500. The dividends earned on this CD are paid upon maturity.

The 12-month CD is a great alternative. The account offers an 0.15% APY with a $500 minimum deposit. This account also pays you your dividends upon maturity. There is also another option that is called the 8-month CD special and offers a 0.19% APY but with a $1,000 minimum deposit.

For short-term investors the credit union offers a 6-month CD. This CD offers an annual percentage yield of 0.15%. This CD is also obtainable with a $500 minimum deposit. Like with the rest of the CD accounts, this account is payable upon maturity.

Independent Bank offers four CDs. Each of these CDs can be opened with a $500 minimum deposit, except for the 8-month CD special which requires a minimum deposit of $1,000. You are always welcome to invest more, but you don’t have to. These CD terms vary from 6 to 24-months. The APY starts at 0.15% and builds to 0.25%. Each Independent Bank’s CD accounts is subject to early withdrawal penalties.


You don’t have to be a member of Independent Bank in order to open a CD rate with them. However doing so will make it much easier to bank with them as all your infromation will be kept safe in one place.

Branches in Michigan

Ann Arbor, Auburn, Bad Axe, Bay City, Belding, Bellevue, Beverly Hills, Big Rapids, Bloomfield Hills, Brighton, Cadillac, Caro, Carson City, Caseville, Cass City, Cedar Springs, Charlotte, Clio, Dearborn, East Lansing, Eaton Rapids, Essexville, Farmington Hills, Grand Rapids, Howard City, Ionia, Kalamazoo, Lapeer, Leslie, Livonia, Marlette, Mason, Mt. Pleasant, Muskegon, Newaygo, North Branch, Okemos, Pinconning, Pleasant Lake, Portland, Rockford, Saginaw, Sand Lake, Saranac, Sebewaing, Shelby Township, Sparta, Standish, Suttons Bay, Traverse City, Troy, White Cloud, and Williamston.

Branches in Ohio

Akron and Columbus.

Bank Overview

For the last 150 years, Independent Bank has dedicated themselves to providing all of the banking needs of their community. These days, they do so by participating in raising money to help fight cancer, giving financial literacy courses, being involved in community boards and much more.

Independent Bank’s own employees are also members of the community who are just as dedicated to helping as their employer is. In fact, every Columbus Day Independent Bank closes to allow their employees to volunteer at a non-profit organization of their choosing. This can include things like animal shelters, homeless shelters, soup kitchens, nursing homes and more. Most recently, Independent Bank announced that they would be helping to fund the development of affordable housing in Michigan which will help create affordable housing for those in need. Along with other organizations, $16 million has been raised in total to build the brand new housing units.