First Midwest Bank Money Market Review

First Midwest Bank is based in Chicago, . It was founded in 1933 and offers its money market accounts in 4 states across the USA.

If you're considering a money market account and want to know whether First Midwest Bank Money Market is right for you, read on.

Is First Midwest Bank Money Market insured by the FDIC?

FDIC insured. First Midwest Bank Money Market is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in money market accounts up to $250,000 per depositor if a member institution fails.

What are the First Midwest Bank Money Market rates?

First Midwest Bank Money Market Rates and Terms

Rates	Amount
APY	0.03%

First Midwest Bank Money Market offers an APY of up to 0.03% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $.

What are the First Midwest Bank Money Market fees?

First Midwest Bank Money Market does not charge a monthly maintenance fee. This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $1,000.

First Midwest Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

First Midwest Bank will allow you to make up to 6 transactions per month. That is also the maximum set by federal regulations for money market accounts.

First Midwest Bank Money Market Fees

Fees	Amount
Monthly Fee	up to $15
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for First Midwest Bank Money Market?

Minimum initial deposit of $100. You must make an initial deposit of at least $100 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 Midwest Bank Money Market offer?

This account includes the following features:

• Mobile Banking Services - First Midwest Bank Money Market allows you to manage your money online.

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.