First Midwest Bank Statement Savings Review

Where does First Midwest Bank Statement Savings do business?

First Midwest Bank is based in Chicago, . It was founded in 1933 and offers savings accounts in 4 states across the USA.

First Midwest Bank Statement Savings is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails.

What APY does First Midwest Bank offer?

First Midwest Bank Statement Savings offers an APY of 0.02% (APY stands for annual percentage yield, rates may change).

What features and perks does First Midwest Bank Statement 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.
• Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
• Nationwide ATM network - Withdraw money and check your balance from wherever you are.

What fees does First Midwest Bank Statement Savings charge?

First Midwest Bank Statement 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 $200.

• 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.