Savings

Find a Savings Option That Fits Your Goals

Maybe you're building an emergency fund, saving automatically each month, planning ahead for the holidays, or looking for more earning potential on a larger balance. Whatever you're working toward, First Bank Midwest offers five Save Accounts with different ways to help you get there.

Everyday Savings

A simple place to start saving.

Everyday Savings gives you a separate place to set money aside without automatic transfer or combined account requirements. Use it for an emergency fund, a future purchase, or simply to keep money separate from everyday spending.

This account may be a good fit if you:

  • Want a straightforward way to save
  • Prefer an account without automatic transfer requirements
  • Want to keep savings separate from everyday spending

Account Details

  • $100 minimum to open
  • Earns a flat interest rate
  • $6 quarterly maintenance fee
  • No paper statement fee for consumer accounts

Build Savings

Make saving part of your monthly routine.

Choose an amount to transfer automatically from your First Bank Midwest Spend Account each month. There's no minimum transfer amount, so you can choose an amount that works for your budget.

Meet the account requirements and you'll also earn a higher interest rate on the first $10,000.

This account may be a good fit if you:

  • Want to save automatically each month
  • Have a First Bank Midwest Spend Account
  • Want flexibility in how much you save
  • Want the opportunity to earn a higher rate

Account Details

  • No minimum balance requirement
  • Must be combined on a statement with a Spend Account
  • Automatic monthly transfer from your Spend Account required
  • No minimum automatic transfer amount
  • Higher interest rate on the first $10,000 when requirements are met
  • Balances above $10,000 earn the applicable flat rate, resulting in a blended APY
  • Lower flat rate applies when requirements aren't met
  • $4.95 monthly fee if combined statement and automatic transfer requirements aren't established
  • Paper statement fee applies

Plus Money Market

Earn tiered interest while keeping your money accessible.

Plus Money Market is designed for customers who maintain at least $2,500 and want to earn interest based on their balance while keeping their money available when needed.

This account may be a good fit if you:

  • Have at least $2,500 to deposit
  • Want to earn tiered interest
  • Want to keep your money accessible

Account Details

  • $2,500 minimum to open
  • Tiered interest rates
  • $10 monthly maintenance fee if the balance falls below $2,500
  • $5 excess transaction fee
  • No paper statement fee for consumer accounts

Premier Money Market

A higher-balance option for new funds.

Premier Money Market is designed for customers bringing at least $25,000 in new funds to First Bank Midwest. Maintain the required balance to avoid the monthly maintenance fee while earning the applicable interest rate.

This account may be a good fit if you:

  • Have at least $25,000 in new funds to deposit
  • Expect to maintain a balance of $25,000 or more
  • Want to keep your money accessible rather than commit it to a CD term

Account Details

  • $25,000 minimum to open
  • New funds only
  • $15 monthly maintenance fee
  • Fee waived by maintaining a $25,000 minimum balance
  • $10 excess transaction fee for transactions exceeding six per statement cycle
  • $2.95 paper statement fee per statement cycle
  • Paper statement fee waived with e-Statements

Holiday Club Savings

Plan ahead for holiday expenses.

Holiday Club Savings gives you a dedicated place to set money aside throughout the year for holiday shopping and other seasonal expenses. Open with just $1, earn interest on what you save, and pay no service fees.

This account may be a good fit if you:

  • Want to save throughout the year for holiday expenses
  • Prefer to keep holiday money separate from other savings
  • Want to start with as little as $1
  • Want an account with no service fees

Account Details

  • $1 minimum to open
  • Earns simple interest
  • No service fees

Not Sure Which Account Fits?

Choosing an account doesn't have to be complicated. Think about how you use your money today, what you're working toward, and which features matter most to you.