First Midwest Bank Investor Reserve Savings Review

First Midwest Bank Investor Reserve Savings is offered by First Midwest Bank, a bank founded in 1933 and based in Chicago, . First Midwest Bank Investor Reserve 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.

Does First Midwest Bank offer a signup bonus?

First Midwest Bank Investor Reserve Savings has a signup bonus of $0.

What is the minimum initial deposit for First Midwest Bank Investor Reserve Savings?

What APY does First Midwest Bank offer?

First Midwest Bank Investor Reserve Savings offers an APY starting at 0.01% and ranging up to 0.03% (APY stands for annual percentage yield, rates may change).

What fees does First Midwest Bank Investor Reserve Savings charge?

First Midwest Bank Investor Reserve 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 $1,000.

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $15 fee.
• Outgoing 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.

What features and perks does First Midwest Bank Investor Reserve Savings 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 Midwest Bank Investor Reserve Savings allows you to manage your money online or with a mobile app.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to First Midwest Bank Investor Reserve 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.