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 3. Money Market Accounts
 4. First Mid Bank & Trust Retail Money Market

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FIRST MID BANK & TRUST RETAIL MONEY MARKET

Unaffiliated



in Money Market Accounts from First Mid Bank & Trust

Member FDIC

No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

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HIGHLIGHTS

APY (Annual Percentage Yield)

4.60%(Verified 07/22/2024)

Disclaimer popup with additional information



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Minimum Balance to Earn APY

N/A

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Minimum Opening Deposit

Starting at $1000

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FIRST MID BANK & TRUST RETAIL MONEY MARKET REVIEW

First Mid Bank & Trust Retail Money Market is offered by First Mid Bank & Trust,
a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Retail
Money Market are available in 2 states.


KEY TAKEAWAYS

 * Very high annual percentage yield (APY). This account offers an annual
   percentage yield of up to 4.60%, which is much higher than the national
   average for a money market account.
 * Charges a monthly fee. This account charges a monthly service fee of up to $5
   , but the fee may be waived if you keep a minimum balance of $1,000 .
 * $1,000 minimum deposit. This is a typical minimum initial deposit, but there
   are accounts that require a smaller initial deposit.


PROS & CONS OF FIRST MID BANK & TRUST RETAIL MONEY MARKET

ProsCons
 * High-interest yield.
 * Does not offer mobile check deposits.
 * Access to physical branches.

 * Does not provide a debit card.
 * Only available in 2 states.
 * Monthly service charge.


FIRST MID BANK & TRUST RETAIL MONEY MARKET FAQ


ARE MONEY MARKET ACCOUNTS FROM FIRST MID BANK & TRUST FEDERALLY INSURED?

Yes, your deposits are insured 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.


WHAT ARE THE INTEREST RATES FOR FIRST MID BANK & TRUST RETAIL MONEY MARKET
RATES?

First Mid Bank & Trust Retail Money Market Rates and TermsRatesAmountAPY4.60%

First Mid Bank & Trust Retail Money Market offers an APY of up to 4.60% (APY
stands for annual percentage yield, rates may change).However, to earn interest
you must keep a balance of $. This is higher than the typical APY for
online-only checking accounts, which is around 1% APY.


WHAT ARE THE FEES FOR FIRST MID BANK & TRUST RETAIL MONEY MARKET?

First Mid Bank & Trust Retail Money Market FeesDescriptionMonthly Maintenance
Fee$0 - $5


WHAT IS THE MINIMUM BALANCE FOR FIRST MID BANK & TRUST RETAIL MONEY MARKET?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000
to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a
balance of $1,000.


WHAT FEATURES AND PERKS DOES FIRST MID BANK & TRUST RETAIL MONEY MARKET OFFER?

This account includes the following features:
 * Fraud monitoring - First Mid Bank & Trust monitors transactions for
   potentially fraudulent activity.
 * Mobile Banking Services - First Mid Bank & Trust Retail Money Market allows
   you to manage your money through online banking and a dedicated mobile app.


WHAT IS THE CUSTOMER SERVICE PHONE NUMBER?

The customer service number for this account is .


WHAT IS THE SUPPORT CONTACT EMAIL?

The support contact email for this business credit card is
socialmedia@firstmid.com.


HOW TO OPEN AN ACCOUNT WITH FIRST MID BANK & TRUST

 * Visit the First Mid Bank & Trust website.
 * Fill in the application form. You will typically need to provide general
   financial information, such as your name, Social Security Number and address.
 * Check the information is accurate and submit your application.


FEATURE BREAKDOWN

MinimumsFeesFeaturesRates & Terms

--------------------------------------------------------------------------------

Minimum Opening Deposit

Starting at $1000

--------------------------------------------------------------------------------

Minimum Average Balance to Avoid Monthly Fee

Starting at $1000

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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.


CONTACT

Headquarters

1515 Charleston Ave
Mattoon, IL 61938

Visit Site

Email Support


HOURS OF OPERATION

Time ZoneCentral Time
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


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AVAILABILITY

Available in 2 states.

 * Illinois
 * Missouri


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FIRST MID BANK & TRUST RETAIL MONEY MARKET COMMUNITY REVIEWS

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

Yes, I recommendMaybeNo, I don't recommend

SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

0



-100

0

+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score
of +100 means every customer recommends the provider, while -100 means none of
them do. These scores are based entirely on community member votes and are not
influenced by partner compensation. SuperMoney removes fake reviews when
detected.

There are currently no reviews.


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