Independent Bank CD Rates — October 2026
As of October 23, 2026, Independent Bank's highest tracked CD rate is 4.18% APY on a 13-month relationship CD ($1,000 minimum). That is 2.4 times the FDIC national average for 12-month CDs (1.76%). Standard CD rates range from 2.43% to 3.14% APY.
Tracking began .
With $10,000 and no relationship requirement: 3.14% on 24 months
Independent Bank CD rates
Personal CDs require $500; special CDs require $1,000 and an Independent Bank checking account. Early withdrawal penalties may apply.
| Term | Product | APY | vs. Treasury | Source | |
|---|---|---|---|---|---|
| 3 months | 3-Month CD Special Relationship | $1,000 | 3.76%Free rate alert | −0.50% | Verified October 23, 2026 |
| 6 months | 6-Month CD | $500 | 2.43%Free rate alert | −1.91% | Top 77% of tracked 6-month CDs · Verified October 23, 2026 |
| 7 months | 7-Month CD Special Relationship | $1,000 | 3.87%Free rate alert | −0.49% | Verified October 23, 2026 |
| 12 months | 12-Month CD | $500 | 2.73%Free rate alert | −1.73% | Top 76% of tracked 12-month CDs · Verified October 23, 2026 |
| 13 months | 13-Month CD Special Relationship | $1,000 | 4.18%Free rate alert | −0.30% | Verified October 23, 2026 |
| 24 months | 24-Month CD | $500 | 3.14%Free rate alert | −1.56% | Top 58% of tracked 24-month CDs · Verified October 23, 2026 |
APY = annual percentage yield. "vs. Treasury" compares each APY with the Treasury yield for the same term on 2026-10-22 (converted to APY). Treasury interest is exempt from state income tax; see the T-bill vs. CD calculator.
What are Independent Bank's best CD rates by term?
Independent Bank's best rate is 4.18% APY on 13 months, verified October 23, 2026.
- 3 mo3.76%
- 6 mo2.43%
- 7 mo3.87%
- 12 mo2.73%
- 13 mo4.18%
- 24 mo3.14%
How much interest could a Independent Bank CD earn?
Estimated interest at maturity for the displayed institution quotes, before tax or early withdrawal penalties. Each estimate assumes the quoted APY applies to that balance and interest stays deposited. Estimates use known deposit tiers. Upper balance limits and membership, relationship or new-money requirements must be confirmed with the institution; these are conditional estimates, not personalized offers.
$453.12 interest · $10,453.12 at maturity on $10,000.00.
4.18% APY · 13 months · 13-Month CD Special · Relationship · verified October 23, 2026.
Before tax; interest remains deposited. Confirm all product conditions. Estimate one-year purchasing power.
| Term | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|
| 3 months | $46.223.76% APY · 3-Month CD Special · Relationship | $92.453.76% APY · 3-Month CD Special · Relationship | $231.123.76% APY · 3-Month CD Special · Relationship | $462.243.76% APY · 3-Month CD Special · Relationship |
| 6 months | $60.552.43% APY · 6-Month CD · Standard | $121.102.43% APY · 6-Month CD · Standard | $302.762.43% APY · 6-Month CD · Standard | $605.522.43% APY · 6-Month CD · Standard |
| 7 months | $112.033.87% APY · 7-Month CD Special · Relationship | $224.053.87% APY · 7-Month CD Special · Relationship | $560.133.87% APY · 7-Month CD Special · Relationship | $1,120.263.87% APY · 7-Month CD Special · Relationship |
| 12 months | $136.502.73% APY · 12-Month CD · Standard | $273.002.73% APY · 12-Month CD · Standard | $682.502.73% APY · 12-Month CD · Standard | $1,365.002.73% APY · 12-Month CD · Standard |
| 13 months | $226.564.18% APY · 13-Month CD Special · Relationship | $453.124.18% APY · 13-Month CD Special · Relationship | $1,132.814.18% APY · 13-Month CD Special · Relationship | $2,265.624.18% APY · 13-Month CD Special · Relationship |
| 24 months | $318.933.14% APY · 24-Month CD · Standard | $637.863.14% APY · 24-Month CD · Standard | $1,594.653.14% APY · 24-Month CD · Standard | $3,189.303.14% APY · 24-Month CD · Standard |
How Independent Bank compares
Compare the displayed terms, minimums and quote locations. Membership, relationship and new-money conditions may apply. Institution quotes below use the exact 395-day term. Regional peers quote a shared operating state; nationwide best is limited to our tracked sample.
This quote ranks 32 of 106 tracked institutions with fresh 395-day quotes (ties share a rank). Each other institution contributes its highest APY for that exact term; minimums and eligibility can differ.
| Institution / benchmark | Term | Minimum | Who can open | APY | Verified / source date |
|---|---|---|---|---|---|
| Independent Bank (this institution)13-Month CD Special · Relationship | 13 months | $1,000 | Branches in MI | 4.18% | October 23, 2026 |
| Genisys Credit UnionCertificate Special · Promotional | 13 months | $500 | Membership required · branches in MI, MN | 4.60% | October 22, 2026 |
| CIBC Bank USA (CIBC Agility)CIBC Agility™ Certificate of Deposit (CD) · Standard | 13 months | $1,000 | Available nationwide | 4.50% | October 22, 2026 |
| Dow Credit UnionSimple CD · Promotional | 13 months | $500 | Membership required · branches in MI | 4.50% | October 22, 2026 |
| Del Norte Credit Union (highest tracked APY for this term)Share Certificate - $100,000+ Minimum Balance · Promotional | 13 months | $100,000 | Membership required · branches in NM | 5.23% | October 22, 2026 |
| Treasury (APY-equivalent) | 13 months (term-matched estimate) | Depends on purchase method | Federal; interest exempt from state income tax | 4.48% | 2026-10-22 |
CD rate history
Tracking since October 2026. Each product, term, minimum deposit and location is tracked separately. Charts appear after 30 observed days per quote; missing days are not filled. Showing up to the latest year of observations.
Not enough daily observations yet. A chart will appear automatically once a quote has 30 observed days.
Rate changes
See changes across all tracked institutions
No changes since we started tracking Independent Bank on October 23, 2026.
About Independent Bank
- Legal name
- Independent Bank
- Regulator ID
- FDIC 27811
- Headquarters
- Grand Rapids, MI
- Available in
- MI
- Total assets
- $5.7 billion
- Also known as
- Website
- www.independentbank.com
Source: rates read from https://www.independentbank.com/current-rates. See the page text we read.
Frequently asked questions
What is the highest CD rate at Independent Bank?
Among the rates we track, 4.18% APY on a 13-month relationship CD, as of October 23, 2026.
What is the minimum deposit for a Independent Bank CD?
The lowest minimum we found is $500; jumbo and higher balance tiers start at up to $1,000.
How does Independent Bank's best CD rate compare with Treasury yields?
4.18% APY is −0.30% versus the 13-month Treasury yield of 4.48% (APY-equivalent) on 2026-10-22. Treasury interest is also exempt from state income tax.
Is 4.18% a good CD rate?
It is 2.4 times the FDIC national average for a similar term (1.76% as of 2026-10-19), which is a deposit-weighted average across all U.S. banks and credit unions. Online banks and promotional CDs often pay several times the national average.
Are Independent Bank CDs insured?
Independent Bank is an FDIC-insured bank (FDIC 27811). Deposits are insured up to $250,000 per depositor, per ownership category.
How often is this page updated?
We check Independent Bank's rate page every day. The rates above were last verified on October 23, 2026.
More bank CD rates
Rates are copied from Independent Bank's website and may change at any time. Confirm terms, minimums and eligibility with Independent Bank before opening an account. This page is not financial advice.