SuperMoney
  First Mid Bank & Trust Retail Savings

First Mid Bank & Trust Retail Savings

in Savings Accounts from First Mid Bank & Trust · fdic

Unaffiliated

First Mid Bank & Trust Retail Savings

Unaffiliated

in Savings Accounts from First Mid Bank & Trust · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend First Mid Bank & Trust Retail Savings to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Monthly Fee $0 - $1
APY (Annual Percentage Yield) 0.03% - 0.07%
APY Minimum Balance N/A

First Mid Bank & Trust Retail Savings Review

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

Key Takeaways
  • Higher than average APY. First Mid Bank & Trust Retail Savings has an annual percentage yield of up to .07%, which is higher than the national average interest rate on savings accounts.
  • Charges a monthly fee. This account charges a monthly service fee of up to $1, but the fee is waived if you keep a minimum balance of $100.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
First Mid Bank & Trust Retail Savings Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in 2 states.
  • Monthly service charge.
First Mid Bank & Trust Retail Savings 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 Retail Savings doesn't offer a signup bonus.

What is the minimum initial deposit for First Mid Bank & Trust Retail Savings?

The minimum deposit to open a First Mid Bank & Trust Retail Savings is $100.
First Mid Bank & Trust Retail Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $100
Minimum Opening Deposit Starting at $100

What APY does First Mid Bank & Trust offer?

First Mid Bank & Trust Retail Savings offers an APY starting at .03% and ranging up to .07% (APY stands for annual percentage yield, rates may change).

What fees does First Mid Bank & Trust Retail Savings charge?

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

However, you can waive the monthly fees if you have a minimum daily balance of $100.

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

This savings account includes the following features:

  • Fraud monitoring - First Mid Bank & Trust Retail Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - First Mid Bank & Trust Retail Savings allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to First Mid Bank & Trust Retail Savings?

In most cases, the answer is yes. 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 Retail Savings?

The customer support email for First Mid Bank & Trust Retail Savings 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.

Availability

  Available in 2 states
  • Illinois
  • Missouri

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $100
Minimum Opening Deposit Starting at $100
Bank Teller Fee $0
Monthly Fee $0 - $1
Account Features
  • Member FDIC
  • Branch Access
  • Automatic Transfers
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
APY (Annual Percentage Yield) 0.03% - 0.07%

Be the first to rate

 

Would you recommend First Mid Bank & Trust Retail Savings to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Savings Accounts

First Mid Bank & Trust Savings Accounts

Loading...