Choosing the bank that suits your interest requires careful examination and if you are around Michigan, you will be glad to consider the Following banks.<\/p>\n\n\n\n
To help you navigate your way through your choices, we have assessed local and regional bank offerings to find the overall best banks in the state.<\/p>\n\n\n\n
Whether you\u2019re looking for a savings account, a checking account, a bank loan or the best mortgage rates, you\u2019ll find a quality bank among Michigan\u2019s top 10 banks:<\/p>\n\n\n\n
Chemical Bank is the largest in the GOBankingRates list of Michigan\u2019s best banks, with assets approaching $19 billion. <\/p>\n\n\n\n
The bank\u2019s ChemBasic checking account assisted it into the GOBankingRates top 10 based on its lack of service fees or account minimums if you opt for e-statements. <\/p>\n\n\n\n
The account offers free services: Debit card, Voice banking, and e-banking, Unlimited e-bill payments, Chemical bank ATM transactions.<\/p>\n\n\n\n
Chemical Bank offers a diversities of services across its 284 branches. Savings account options include holiday club and premier money market accounts. The bank also gives consumer loans, including mortgages, plus trust services, retirement planning, and private banking options.<\/p>\n\n\n\n
Monroe Bank & Trust serves a basic checking account with a comfortable and flexible reach to your funds. <\/p>\n\n\n\n
In addition to its own PopMoney Service \u2014 which makes you be able to pay anyone, anywhere, using an email address or a mobile phone number \u2014 the bank also offers: Mobile banking and check deposit, Online bill payment, MasterMoney debit card. <\/p>\n\n\n\n
The account charges a $3 monthly fee, but this fee is overlooked when you: Establish a direct deposit, Set up at least two spontaneous payments and make at least 10 or more debit card transactions.<\/p>\n\n\n\n
Monroe Bank & Trust also gives credit cards, auto loans, home mortgages and investment services, including comprehensive investment management, trust administration, and estate settlement.<\/p>\n\n\n\n
Flagstar Bank is a rival to Chemical Bank for the top asset spot but falls slightly short, with just under $16 billion in assets. <\/p>\n\n\n\n
Flagstar offers a free checking account, known as Simply checking, with some nice features such as; Free check writing,, ATM access, Electronic, and mobile banking.<\/p>\n\n\n\n
Opening a Simply checking account entitles you to a 0.50 percent rate reduction on personal loans, home loans, and home equity lines of credit when you have automatic payments debited from the account. But there is a $50 minimum to open the account.<\/p>\n\n\n\n
Flagstar gives numerous varieties of checking accounts for customers hoping to find the best interest rates or additional services, but you might have to pay a fee. The bank also offers auto loans, mortgages, and credit cards.<\/p>\n\n\n\n
Sterling Bank and Trust don\u2019t offer auto loans or credit cards, but its Statement Savings account has an annual percentage yield of 0.40 percent \u2014 the highest on this top 10 list. <\/p>\n\n\n\n
The bank\u2019s Freedom Checking account comes with the following advantages: No fees, No minimum monthly balance, Unlimited check writing, Direct deposit, Free online and mobile banking, free bill pay, and Free MasterMoney debit card.<\/p>\n\n\n\n
Sterling offers a host of business banking, wealth management, and lending services, including both home and commercial loans. Although the bank only has 12 branches, it boasts over $2.4 billion in assets.<\/p>\n\n\n\n
Isabella Bank is one of only two banks in the Michigan top 10 lists to offer banking services across all categories; auto loans, mortgages, credit cards, investment services, and insurance.<\/p>\n\n\n\n
With a minimum deposit of $1, you can open the Free Local Checking account offering free: Debit cards, phone banking, E-statements, Mobile banking, Online banking, and Unlimited transactions.<\/p>\n\n\n\n
No minimum balance is required once you have an open checking account, and Isabella Bank offers a 0.25 percent rate discount on new loans with automatic payments.<\/p>\n\n\n\n
Level one Bank is an extraneous account with no monthly service fees. The account charges a $2 monthly statement charge but only if you choose to receive statements in the mail rather than electronically. <\/p>\n\n\n\n
A free ATM debit card is included with the account, together with the following; Free online banking, free bill pay, and free mobile banking.<\/p>\n\n\n\n
It required a $50 deposit to open the account. Level One pays a 0.10% APY on its savings account and offers credit cards, auto loans, and mortgages.<\/p>\n\n\n\n
First National Bank of America offers a relatively high savings APY of 0.25 percent but doesn\u2019t provide auto loans, insurance, investment services, or credit cards. <\/p>\n\n\n\n
Its free Personal Checking account has the following terms: $100 minimum to open the account, a Minimum maintaining balance of $100, or an average daily balance of $350.<\/p>\n\n\n\n
Independent Bank is one of only two banks on this list with products in all five of the major consumer categories: auto loans, mortgages, credit cards, investment services, and insurance. <\/p>\n\n\n\n
The bank\u2019s services include the following free features: Checking accounts with no minimum balance requirements, Online and mobile banking, Bill pay, and Chip-enabled debit Mastercard.<\/p>\n\n\n\n
The bank also gives high APYs on CDs, such as 1.07% APY for its 5-month CD and a 1.29% APY on its 13-month CD. <\/p>\n\n\n\n
Bank of Ann Arbor is ranked among the top 100 most-liked banks on Facebook and Twitter. The bank\u2019s Basic Checking account requires a $500 minimum deposit to open and charges a $9 monthly maintenance fee, but that fee can be overlooked by meeting any of the following standards; Maintaining a $600 minimum balance, Maintaining an average collected balance of $1,200, Having $5,000 in savings on deposit, Having, $10,000 in certificates of deposit on account, Having a monthly direct deposit.<\/p>\n\n\n\n
No interest is paid on the Basic Checking account, but account holders get the advantage of Statements either electronically or via mail and No activity limits.<\/p>\n\n\n\n
They also offer auto loans, home mortgages, and investment services. The University of Michigan employees can benefit from the bank\u2019s University Employee Services, which assists with maximizing 403(b) retirement funds.<\/p>\n\n\n\n
mBank offers a basic checking account, E-Z Checking, with not-so-basic services, such as Unlimited check writing, Free ATM\/debit card, Free bill pay, Free internet, and phone banking, and Free e-statements.<\/p>\n\n\n\n
After opening the account with the $100 minimum deposit, you can avoid the $7 monthly service charge if you maintain a balance of at least $250 in the account.<\/p>\n\n\n\n
Although mBank does give loan rates as low as 3.625 percent for a 30-year fixed-rate mortgage, you won\u2019t find auto loans, credit cards, investment services, or insurance products here.<\/p>\n\n\n\n