First Midwest Bank CD Review

First Midwest Bank CD is offered by First Midwest Bank, a bank founded in 1933 and based in Chicago, . First Midwest Bank CD is available in 4 states across the USA.

Are cd accounts from First Midwest Bank federally insured?

Yes, your First Midwest Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does First Midwest Bank offer?

• IRA
• Traditional

What APY does First Midwest Bank offer on its CDs?

First Midwest Bank CD offers an APY starting at 0.05% and ranging up to 2.40% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with First Midwest Bank?

First Midwest Bank CD requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does First Midwest Bank CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

First Midwest Bank does not charge an early withdrawal fee.