Bank Information

Bank Information

Savings

	UM Credit Union	Bank One	Dearborn Federal Savings	Comerica Bank	Dearborn Federal Credit Union
Minimum Opening Deposit	$5+$5 membership fee	$100	$25	$50	$5
Minimum Balance	$5	$300	$200	$300	$5
Annual Percentage Yield (APY)	1.00%	1.5%	2.25%	1.00%-2.02%	2.25%
Monthly Fee	$0	$9.00	$5 (Quarterly)	$4.50	$0

Regular Checking (non-interest)

	UM Credit Union	Bank One (Basic)	Dearborn Federal Savings	Comerica Bank	Dearborn Federal Credit Union
Minimum Opening Deposit	$25	$25	$0	$50	$20
Minimum Balance	$0	$0	$0	$0	$0
Combined Account Balances	$0	$0	$0	$0	N/A
Monthly Fee if Under Min. Balance	$0	$3 per teller transaction	$0	$2+$0.25-$0.45 per check or electronic debit	$3

Interest Checking

	UM Credit Union	Bank One	Dearborn Federal Savings	Comerica Bank	Dearborn Federal Credit Union
Minimum Opening Deposit	$50	$25		$50	$20
Minimum Balance	$50	$1500		Tiered 0.25%-0.75%	$20
Annual Percentage Yield (APY)	Tiered, 1.0%-1.2%	Tiered		$1500	1.0%
Monthly Fee if Under Min. Balance	$3	$18		$6.50	$3

Notes

U of M Credit Union ATM cards can be used on campus with no service charge

Dearborn Federal Savings Bank is the only one listed which provides FREE incoming wire transfer service, this can be very handy for international students

Interest rates and fee charges are subject to change, contact the bank before making a decision.