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Last Updated: 11/25/2025

First Mid Bank & Trust High Yield Savings Account

in Savings Accounts from First Mid Bank & Trust

Last Updated: 11/25/2025

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Highlights

APY (Annual Percentage Yield)

4.03%(Verified 11/25/2025)

Minimum Opening Deposit

Starting at $1

Minimum Balance to Earn APY

First Mid Bank & Trust High Yield Savings Account Review

First Mid Bank & Trust High Yield Savings Account is offered by First Mid Bank & Trust, a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust High Yield Savings Account are available in 50 states and Washington, DC.

Key Takeaways

High yield savings. This account offers an annual percentage yield of up to 4.03%, which is much higher than the average interest rate for a savings account.
No monthly maintenance fees. This account does not charge any monthly account fees.
Small minimum initial deposit. You only need $1 to open an account.
No ATM fees. First Mid Bank & Trust High Yield Savings Account does not charge fees on ATM transactions .

First Mid Bank & Trust High Yield Savings Account Pros & Cons

Pros

Cons

Available in 50 states and Washington, DC.
High yield APY .
Insured by NCUA.
Debit card

Does not offer mobile check deposits.
Does not provide access to a nationwide ATM network.
No signup bonus.

First Mid Bank & Trust High Yield Savings Account FAQ

Are savings accounts from First Mid Bank & Trust federally insured?

Yes, your First Mid Bank & Trust savings 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.

Does First Mid Bank & Trust offer a signup bonus?

First Mid Bank & Trust High Yield Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for First Mid Bank & Trust High Yield Savings Account?

The minimum deposit to open a First Mid Bank & Trust High Yield Savings Account is $1.

First Mid Bank & Trust High Yield Savings Account Minimums

Description

Minimum Balance to Earn APY

Minimum Opening Deposit

Starting at $1

What APY does First Mid Bank & Trust High Yield Savings Account offer?

First Mid Bank & Trust High Yield Savings Account offers an APY of 4.03% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does First Mid Bank & Trust High Yield Savings Account charge?

First Mid Bank & Trust High Yield Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does First Mid Bank & Trust High Yield Savings Account offer?

This savings account includes the following features:

Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - First Mid Bank & Trust High Yield Savings Account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to First Mid Bank & Trust High Yield Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for First Mid Bank & Trust High Yield Savings Account?

The customer support email for First Mid Bank & Trust High Yield Savings Account is socialmedia@firstmid.com.

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

Headquarters

1515 Charleston Ave

Mattoon, IL 61938

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:00AM - 4:00PM

Tuesday

9:00AM - 4:00PM

Wednesday

9:00AM - 4:00PM

Thursday

9:00AM - 4:00PM

Friday

9:00AM - 5:00PM

Saturday

9:00AM - 12:00PM

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SuperMoney Net Recommendation Score

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

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.