In this article, I will discuss the best banks in Michigan, highlighting the top financial institutions that offer a range of services to meet your needs.
- How We Select Banks In Michigan?
- Key Points & Best Banks In Michigan List
- 10 Best Banks In Michigan
- 1.Ally Bank
- Overview of Ally Bank
- 2.Fifth Third Bank
- Overview of Fifth Third Bank
- 3.Flagstar Bank
- Overview of Flagstar Bank
- 4.Bank of Ann Arbor
- Overview of Bank of Ann Arbor
- 5.Comerica Bank
- Overview of Comerica Bank
- 6.PNC Bank
- Overview of PNC Bank
- 7.Chase Bank
- Overview of Chase Bank
- 8.Citizens Bank
- Overview of Citizens Bank
- 9.Bank of America
- Overview of Bank of America
- 10.Huntington Bank
- Overview of Huntington Bank
- Conclusion
Whether you’re looking for competitive rates, excellent customer service, or convenient digital banking options, Michigan has a variety of reliable banks to choose from, each providing unique benefits to its customers.
How We Select Banks In Michigan?
Customer Service: A bank’s customer service reputation, such as responsiveness, availability, and responsiveness to inquiries, is a critical aspect. Banks that are known for their friendly and helpful customer support rank higher.
Account Options: Banks that provide different types of accounts, such as checking and savings accounts, certificates of deposits (CDs), etc, with reasonable terms and lower fees, are more favorable.
Interest Rates: Numerous clients take into account how competitive banks’ interest rates are for savings accounts, as well as loans and credit cards.
Convenience: Further factors that increase a bank’s popularity among clients are the number of branches and ATMs, as well as wealth of online and mobile banking options.
Technology: A bank that provides its clients with a mobile application or an online account for easier accessibility, is usually considered the best choice.
Fees: A bank with straightforward fee policies, such as minimum-to-zero monthly service fees and reasonable expenses for other services offered is more appealing.
Financial Products: A bank’s capacity to meet different requirements is evaluated on the basis of the numerous and qualitative financial products, which include loans, mortgages, and investment services, that banks offer.
Key Points & Best Banks In Michigan List
| Bank | Customer Service | Account Options | Interest Rates | Fees | Reputation | Digital Services |
|---|---|---|---|---|---|---|
| Ally Bank | Primarily online with strong support | High-yield savings, checking, CDs, loans | Excellent rates on savings & CDs | No fees or minimums | Highly trusted in fintech | Excellent mobile app & online banking |
| Fifth Third Bank | In-person and phone support | Checking, savings, mortgages, loans, CDs | Competitive loan rates | Fees for certain accounts, but avoidable | Solid reputation in Midwest | Robust online banking and mobile app |
| Flagstar Bank | Good customer service, both online and in-branch | Checking, savings, mortgages, business accounts | Competitive savings rates | Low fees on many services | Trusted regional presence | Functional mobile app & online banking |
| Bank of Ann Arbor | Personal service with a local focus | Checking, savings, mortgages, business banking | Decent rates for savings & loans | Low fees on most accounts | Strong regional reputation | Online banking available |
| Comerica Bank | Strong in-branch and phone support | Checking, savings, mortgages, business services | Competitive rates on loans and savings | Fees on certain services, but waivable | Well-established regional bank | Mobile app & online banking available |
| PNC Bank | Excellent customer service, both in-branch and online | Checking, savings, loans, credit cards | Competitive rates for savings & credit cards | Fees on some accounts, but avoidable | Large national presence | Advanced mobile app & online services |
| Chase Bank | High-quality customer service, large branch network | Wide range of checking, savings, loans, credit cards | Competitive rates on loans and savings | Monthly fees, waived with requirements | Trusted, established bank | Highly rated mobile app and online banking |
| Citizens Bank | Good in-branch and phone support | Checking, savings, mortgages, credit cards, loans | Competitive interest rates | Fees on accounts, avoidable with conditions | Well-regarded, especially in the Northeast | Convenient mobile app and online banking |
| Bank of America | Well-established customer service | Wide range of checking, savings, credit cards, loans | Competitive rates on savings & loans | Monthly fees for many accounts | One of the largest banks in the U.S. | Excellent mobile app & online banking |
| Huntington Bank | Friendly service in-branch and online | Checking, savings, business accounts, loans | Competitive rates on savings & loans | Fees can be waived with certain conditions | Trusted regional bank | Solid mobile app and online services |
10 Best Banks In Michigan
1.Ally Bank
Ally Bank ranks among the best Michigan banks because of its diversified offerings such as high yield saving, checking accounts, and CDs. With no physical branch, the online-only bank has very low fees, competitive rates, and provides excellent digital banking services through a user-friendly mobile app.
Ally’s efficient customer service, in combination with a robust online platform, makes it a preferred choice in Michigan, even though the bank has no physical branches.
Overview of Ally Bank
| Feature | Details |
|---|---|
| Type | Online-only bank |
| Key Services | High-yield savings, checking, CDs, personal loans, investment products |
| Interest Rates | Competitive rates, especially on savings accounts and CDs |
| Fees | No monthly maintenance fees or minimum balance requirements |
| Mobile App | User-friendly app for managing accounts, transferring funds, and making Zelle transactions |
| Customer Service | Accessible online support with strong customer ratings |
| Accessibility | 24/7 online access, with a well-regarded mobile platform |
| Reputation | Trusted for its high rates, low fees, and digital-first banking approach |
2.Fifth Third Bank
Fifth Third Bank is one of the best banks in Michigan and offers checking and saving accounts, mortgages, and investment products. The bank has over 1,100 locations throughout the Midwest giving customers the convenience of a large bank, with the personalized service of a local bank.
Fifth Third is well known for having solid reputations and competitive rates, the bank also provides easy to use digital banking tools and dependable services which makes the bank a go to for residents of Michigan who want local support and great service.
Overview of Fifth Third Bank
| Feature | Details |
|---|---|
| Type | Regional Bank |
| Key Services | Checking, savings, mortgages, personal loans, business accounts, investment products |
| Interest Rates | Competitive rates on savings, loans, and mortgages |
| Fees | Monthly fees for some accounts, but waivable with balance requirements |
| Mobile App | Full-featured app for account management, bill pay, transfers, and mobile deposits |
| Customer Service | Known for high-quality customer service and strong in-branch support |
| Accessibility | Branches and ATMs nationwide, along with a solid online platform |
| Reputation | Well-regarded for strong community ties and reliable financial solutions |
3.Flagstar Bank
Flagstar Bank has a wide range of financial services such as checking, savings, mortgages, and business accounts. It is one of the best banks in Michigan. Known for its expertise in mortgages, Flagstar has earned strong customer ratings, particularly in home loans and refinancing.
The bank serves a Michigan area and regionally, but provides excellent customer service both in-branch and online. With competitive rates and a solid digital platform, Flagstar Bank is a great choice for Michigan residents looking for reliable and flexible banking solutions.
Overview of Flagstar Bank
| Feature | Details |
|---|---|
| Type | Regional Bank |
| Key Services | Checking, savings, mortgages, personal loans, business accounts |
| Interest Rates | Competitive rates, particularly for mortgages and home refinancing |
| Fees | Low fees on many services, with options to avoid charges |
| Mobile App | Functional app for managing accounts, transferring funds, and making payments |
| Customer Service | Known for strong customer service, especially in mortgage lending |
| Accessibility | Branches in Michigan, Indiana, and other states, plus robust online banking options |
| Reputation | Trusted for its mortgage expertise and local community involvement |
4.Bank of Ann Arbor
A leading option on the list of best banks in Michigan, Bank of Ann Arbor, provides checking accounts, savings accounts, mortgages, and business banking services. Bank of Ann Arbor is known for its community relations and local knowledge, and it distinguishes itself with the personalized customer service it offers.
Following its growth to 17 branches throughout Michigan, it offers in-branch and online banking, making it a go-to bank for customers looking for a community-focused financial institution.
Overview of Bank of Ann Arbor
| Feature | Details |
|---|---|
| Type | Community Bank |
| Key Services | Checking, savings, mortgages, business accounts, personal loans |
| Interest Rates | Competitive rates on savings, mortgages, and loans |
| Fees | Low fees, with options to avoid charges depending on account type |
| Mobile App | Simple and functional app for managing accounts, transfers, and bill payments |
| Customer Service | Highly rated for personalized, in-branch and phone support |
| Accessibility | 17 branches in Michigan, with strong online and mobile banking options |
| Reputation | Well-regarded for local involvement and customer-centric banking |
5.Comerica Bank
When it comes to the best banks in Michigan, Comerica Bank stands out as a top pick because of its variety of services including checking, savings, loans, and other investment products. Comerica services over 400 branches in the Midwestern region and combines personalized customer service with the convenience of a larger bank.
While most people are familiar with Comerica’s reputation for competitve rates, many do not realize that the bank is also a reliable provided for solid financial solutions and advanced digital techonolgy. For Michigan residents, Comerica is an excellent option because of the local support and nationwide accessibility.
Overview of Comerica Bank
| Feature | Details |
|---|---|
| Type | Regional Bank |
| Key Services | Checking, savings, loans, mortgages, business accounts, investment products |
| Interest Rates | Competitive rates for savings, loans, and mortgages |
| Fees | Monthly fees on some accounts, but waivable with balance requirements |
| Mobile App | Robust app for managing accounts, bill payments, transfers, and mobile deposits |
| Customer Service | Excellent in-branch support with a reputation for reliability and accessibility |
| Accessibility | Over 400 branches nationwide and extensive online banking services |
| Reputation | Trusted for its financial expertise, customer service, and community involvement |
6.PNC Bank
If you’re looking for a well-rounded banking institution in Michigan, PNC Bank should definitely be on your list. They offer many services from checking and savings accounts to loans, credit cards, and investment opportunities.
Because of their excellent customer service, residents have great access to their numerous locations throughout the state as well as through their strong online banking services. Their well-known low fees combined with helpful digital tools make PNC a solid option for residents of Michigan who want great customer service and variety in banking services.
Overview of PNC Bank
| Feature | Details |
|---|---|
| Type | Regional Bank |
| Key Services | Checking, savings, credit cards, personal loans, business accounts, investment products |
| Interest Rates | Competitive rates for savings, loans, and mortgages |
| Fees | Monthly maintenance fees on some accounts, waivable with minimum balances |
| Mobile App | Advanced app for account management, bill pay, transfers, and mobile deposits |
| Customer Service | High-quality customer support with both online and in-branch options |
| Accessibility | Extensive branch and ATM network, along with robust online banking services |
| Reputation | Well-regarded for strong customer service, community involvement, and financial products |
7.Chase Bank
Chase Bank is among the leading banks in Michigan as it provides a wide array of financial services including checking, savings, credit cards, loans, and investment services. Alongside these services, they have a comprehensive network of branches and ATMS throughout the state making it easily accessible for customers.
The bank is renowned for its outstanding customer service, competitive pricing, and high user rated mobile application for seamless digital banking. For personal and business banking, Chase serves as a trusted option owing to its positive public image.
Overview of Chase Bank
| Feature | Details |
|---|---|
| Type | National Bank |
| Key Services | Checking, savings, credit cards, mortgages, auto loans, business accounts, investment products |
| Interest Rates | Competitive rates on savings, mortgages, and loans |
| Fees | Monthly fees on some accounts, but waivable with direct deposit or balance requirements |
| Mobile App | Highly rated app for account management, bill pay, transfers, and mobile deposits |
| Customer Service | Excellent customer service with in-branch, phone, and online support |
| Accessibility | Extensive branch and ATM network nationwide, along with a top-tier online banking platform |
| Reputation | Trusted for its reliability, financial solutions, and broad customer base |
8.Citizens Bank
Among the best banks in Michigan, Citizens Bank is one of the strongest competitors. It offers checking and savings accounts, mortgages, loans, and credit cards. Citizens Bank offers strong customer service both in-branch and online
And access through a solid digital banking platform. For residents of Michigan, it is a trustworthy choice for personalized banking solutions, especially with its affordable rates and reputation regionally.
Overview of Citizens Bank
| Feature | Details |
|---|---|
| Type | Regional Bank |
| Key Services | Checking, savings, mortgages, personal loans, business accounts, credit cards |
| Interest Rates | Competitive rates for savings, loans, and mortgages |
| Fees | Monthly fees on some accounts, waivable with balance requirements or direct deposit |
| Mobile App | User-friendly app for account management, bill pay, transfers, and mobile deposits |
| Customer Service | Highly rated customer service with both in-branch and online support |
| Accessibility | Branches across Michigan and other states, plus a well-developed online banking platform |
| Reputation | Trusted for excellent customer service, community focus, and comprehensive financial solutions |
9.Bank of America
Among the utmost financial institutions in Michigan, Bank of America stands out for offering checking and savings accounts, credit cards, mortgages, and loans, amongst a plethora of other services.
Bank of America joins the list of banks in Michigan these days and offering its sleek app and advanced online banking system, it can be seen as a welcomed addition.
Bank of America is well known for its top-tier customer service and great deals, making it one of the most trusted options for the people of Michigan who are in search of easy access to quality banking.
Overview of Bank of America
| Feature | Details |
|---|---|
| Type | National Bank |
| Key Services | Checking, savings, credit cards, mortgages, auto loans, investment products, business accounts |
| Interest Rates | Competitive rates for savings, loans, and mortgages |
| Fees | Monthly fees on some accounts, but waivable with direct deposit or balance requirements |
| Mobile App | Highly rated app for managing accounts, making transfers, bill pay, and mobile deposits |
| Customer Service | Strong customer service with support through phone, online chat, and in-branch visits |
| Accessibility | Extensive branch network nationwide, plus a robust online banking platform |
| Reputation | Trusted for its reliability, broad service offerings, and innovation in digital banking |
10.Huntington Bank
Michigan’s finest banks include Huntington Bank, which provides an array of banking options such as checking and savings accounts, credit cards, personal loans, mortgages, and more.
The bank offers digital banking services and provides personalized in-branch assistance, earning them a reputation for outstanding customer service.
Its s strong competitive presence across the state, combined with affordable pricing makes Huntington Bank a go-to bank for most residents of Michigan.
Overview of Huntington Bank
| Feature | Details |
|---|---|
| Type | Regional Bank |
| Key Services | Checking, savings, credit cards, personal loans, mortgages, business accounts |
| Interest Rates | Competitive rates on savings, loans, and mortgages |
| Fees | Monthly fees on some accounts, but waivable with direct deposit or balance requirements |
| Mobile App | Easy-to-use app for managing accounts, transferring funds, bill payments, and mobile deposits |
| Customer Service | Excellent customer service with both in-branch and online support |
| Accessibility | Wide branch and ATM network, plus an intuitive online banking platform |
| Reputation | Known for personalized customer service, strong community ties, and comprehensive financial solutions |
Conclusion
Michigan has some of the best banks suited for different types of financial needs. From community banks like Bank of Ann Arbor which focus on customer service, to larger national banks like Chase and Bank of America, everyone has their preferences.
Whether you are looking for online banking, the lowest costs, or an attentive personal banker, Michigan’s best banks serve the needs of both people and businesses effectively and conveniently.
