First Midwest Bank Diamond Savings Review

First Midwest Bank Diamond Savings is offered by First Midwest Bank, a bank founded in 1933 and based in Chicago, . First Midwest Bank Diamond Savings is available in 4 states across the USA.

Are savings accounts from First Midwest Bank federally insured?

Yes, your First Midwest Bank savings accounts are insured up to $250,000 per person 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.

What APY does First Midwest Bank offer?

First Midwest Bank Diamond Savings offers an APY starting at 0.03% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).

What features and perks does First Midwest Bank Diamond Savings offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Nationwide ATM network - Withdraw money and check your balance from wherever you are.

What fees does First Midwest Bank Diamond Savings charge?

First Midwest Bank Diamond Savings does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $1,000.

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $15 fee.
• Outoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $15 fee.