Jump to Section

Advertiser Disclosure

Last Updated: 04/18/2025

First Midwest Bank IRA Money Market

in Money Market Accounts from First Midwest Bank

Last Updated: 04/18/2025

No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate

Cast Your Vote

Compare All Money Market Accounts

Filter & compare all your options in one place.

View All Products

Highlights

APY (Annual Percentage Yield)

0.01% - 0.03%(Verified 06/21/2024)

Disclaimer popup with additional information

Minimum Balance to Earn APY

$1,000

Minimum Opening Deposit

Starting at $100

First Midwest Bank IRA Money Market Review

First Midwest Bank IRA Money Market is offered by First Midwest Bank, a bank founded in 1933 and based in Chicago, . First Midwest Bank IRA money market are available in 4 states.

Key Takeaways

Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.03.
Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of First Midwest Bank IRA Money Market

Pros

Cons

Does not offer mobile check deposits.
Access to physical branches.

Does not provide a debit card.
Only available in 4 states.

First Midwest Bank IRA Money Market FAQ

Are money market accounts from First Midwest Bank federally insured?

Yes, your deposits are insured 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 are the interest rates for First Midwest Bank IRA money market rates?

First Midwest Bank IRA money market offers an APY starting at 0.01% and ranging up to 0.03% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

First Midwest Bank IRA money market Rates and Terms

Rates

Amount

APY (Annualized Percentage Yield)

0.01% - 0.03%

What are the fees for First Midwest Bank IRA Money Market?

First Midwest Bank IRA Money Market Fees

Description

NSF Fee

$37

What is the minimum balance for First Midwest Bank IRA money market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does First Midwest Bank IRA money market offer?

This account includes the following features:

Fraud monitoring - First Midwest Bank monitors transactions for potentially fraudulent activity.
Mobile Banking Services - First Midwest Bank IRA money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this account is .

What is the support contact email?

The support contact email for this business credit card is CustomerCare@FirstMidwest.com.

How to open an account with First Midwest Bank

Visit the First Midwest Bank 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Visit Site

Email Support