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  First Midwest Bank Premier Money Market

First Midwest Bank Premier Money Market

in Money Market Accounts from First Midwest Bank

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First Midwest Bank Premier Money Market

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in Money Market Accounts from First Midwest Bank

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Highlights
Highlights
APY 0.03% - 0.08%

First Midwest Bank Premier 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 Premier Money Market is right for you, read on.

Is First Midwest Bank Premier Money Market insured by the FDIC?

FDIC insured. First Midwest Bank Premier 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 Premier Money Market rates?

First Midwest Bank Premier Money Market offers an APY starting at 0.03% and ranging up to 0.08% (APY stands for annual percentage yield, rates may change).

First Midwest Bank Premier Money Market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.03% - 0.08%

What are the First Midwest Bank Premier Money Market fees?

First Midwest Bank Premier Money Market does not charge a monthly maintenance fee. This account charges a monthly maintenance fee of up to $25. You can avoid this fee by maintaining a balance of $2,500.

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 Premier Money Market Fees
Fees Amount
Monthly Fee up to $25
Paper Statement Fee N/A
Excess Transaction Fee $15

What is the minimum balance for First Midwest Bank Premier 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 $2,500. You can avoid the monthly fee if you keep a minimum balance $2,500.

What features and perks does First Midwest Bank Premier Money Market offer?

This account includes the following features:

  • Mobile Banking Services - First Midwest Bank Premier 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.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 4 states
  • Illinois
  • Indiana
  • Iowa
  • Wisconsin

Feature Breakdown

Minimum Initial Deposit $100
Minimum Balance to Avoid Monthly Fee $2,500
Monthly Fee $0 - $25
NSF Fee $37
Bank Account Features
  • Branch Access
  • Interest Bearing Account
  • Mobile Banking
APY 0.03% - 0.08%
Dividend Rate 0.03% - 0.08%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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First Midwest Bank Money Market Accounts

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APY

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First Midwest Bank Money Market

First Midwest Bank Money Market

Be the first to rate

APY 0.03% APY
  • Member FDIC