Compare the Best Local Rates

What Are Detroit CD Rates Paying You?

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Detroit CD Rates

CD Rates in Detroit are lower than the national average. According to data collected by Detroit Banking Rates, the national average for 24, 12 and 6-month CDs is .89%, while the average for the same terms is .67% in Detroit.

While this seems low, an investor can still make a return on their investment. For instance, you can earn $210 with a $100,000 investment in a 6-month CD, a $331 on a 12-month CD and $1,898 on a 24-month CD. Moreover, a CD is a safe investment with limited risk, something many Americans are looking for in times of economic uncertainty.

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