Last Updated: 04/18/2025
First Mid Bank & Trust Retail Savings
Unaffiliated
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 Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
.03% - .07%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $100
Minimum Balance to Earn APY
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 are available in 2 states.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only .07%.
- Charges a monthly fee. This account charges a monthly fee of up to $1, but the fee may be waived if you keep a minimum balance of$100.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
First Mid Bank & Trust Retail Savings Pros & Cons
| Pros | Cons |
|
|
First Mid Bank & Trust Retail Savings FAQ
Are savings accounts from First Mid Bank & Trust 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.
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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does First Mid Bank & Trust Retail Savings offer?
First Mid Bank & Trust Retail Savings offers a variable 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?
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 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.
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