First Mid Bank & Trust Retail Money Market Review

First Mid Bank & Trust Retail Money Market is offered by First Mid Bank & Trust, a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Retail Money Market is available in 2 states across the USA.

Are money market accounts from First Mid Bank & Trust federally insured?

Yes, your First Mid Bank & Trust money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #3705). 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 are the First Mid Bank & Trust Retail Money Market rates?

First Mid Bank & Trust Retail Money Market offers an APY starting at .05% and ranging up to .65% (APY stands for annual percentage yield, rates may change).

What are the First Mid Bank & Trust Retail Money Market fees?

What is the minimum balance for First Mid Bank & Trust Retail Money Market?

Minimum initial deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance minimum balance of $1,000. You can avoid the monthly fee if you keep a minimum balance $1,000.

What features and perks does First Mid Bank & Trust Retail Money Market offer?

This account includes the following features:

• Fraud monitoring - First Mid Bank & Trust monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - First Mid Bank & Trust Retail Money Market allows you to manage your money online.

How to open an account with First Mid Bank & Trust

• Visit the First Mid Bank & Trust website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.