First Midwest Bank
First Midwest Bank is a mid-sized bank headquartered in Itasca, IL. The bank operates 97 branches in 3 states (Iowa, Illinois and Indiana). First Midwest Bank has deposits of $6.0 billion, and was established in February 1933.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: Standard CD, IRA CD, Statement Savings, Investor Reserve Savings, Health Savings, Simply Free Checking, Classic Interest and Total Advantage.
Current First Midwest Bank Rates
| Name | Term | APY | Min Deposit | |
| Standard CD | 3 months | 0.05 % | $1,000 | |
| 3 months | 0.10 % | $50,000 | ||
| 6 months | 0.08 % | $1,000 | ||
| 6 months | 0.14 % | $50,000 | ||
| 9 months | 0.09 % | $1,000 | ||
| 9 months | 0.17 % | $50,000 | ||
| 1 year | 0.10 % | $1,000 | ||
| 1 year | 0.20 % | $50,000 | ||
| 18 months | 0.15 % | $1,000 | ||
| 18 months | 0.25 % | $50,000 | ||
| 2 years | 0.25 % | $1,000 | ||
| 2 years | 0.35 % | $50,000 | ||
| 3 years | 0.45 % | $1,000 | ||
| 3 years | 0.55 % | $50,000 | ||
| 4 years | 0.64 % | $1,000 | ||
| 4 years | 0.75 % | $50,000 | ||
| 5 years | 0.85 % | $1,000 | ||
| 5 years | 0.95 % | $50,000 | ||
| 3 months | 0.08 % | $25,000 | ||
| 3 months | 0.13 % | $100,000 | ||
| 6 months | 0.11 % | $25,000 | ||
| 6 months | 0.17 % | $100,000 | ||
| 9 months | 0.13 % | $25,000 | ||
| 9 months | 0.21 % | $100,000 | ||
| 1 year | 0.15 % | $25,000 | ||
| 1 year | 0.25 % | $100,000 | ||
| 18 months | 0.20 % | $25,000 | ||
| 18 months | 0.30 % | $100,000 | ||
| 2 years | 0.30 % | $25,000 | ||
| 2 years | 0.40 % | $100,000 | ||
| 3 years | 0.50 % | $25,000 | ||
| 3 years | 0.60 % | $100,000 | ||
| 4 years | 0.70 % | $25,000 | ||
| 4 years | 0.80 % | $100,000 | ||
| 5 years | 0.90 % | $25,000 | ||
| 5 years | 1.00 % | $100,000 | ||
| IRA CD | 6 months | 0.08 % | $500 | |
| 6 months | 0.14 % | $50,000 | ||
| 9 months | 0.09 % | $500 | ||
| 9 months | 0.17 % | $50,000 | ||
| 1 year | 0.10 % | $500 | ||
| 1 year | 0.20 % | $50,000 | ||
| 18 months | 0.15 % | $500 | ||
| 18 months | 0.25 % | $50,000 | ||
| 2 years | 0.25 % | $500 | ||
| 2 years | 0.35 % | $50,000 | ||
| 3 years | 0.45 % | $500 | ||
| 3 years | 0.55 % | $50,000 | ||
| 4 years | 0.64 % | $500 | ||
| 4 years | 0.75 % | $50,000 | ||
| 5 years | 0.84 % | $500 | ||
| 5 years | 0.95 % | $50,000 | ||
| 6 months | 0.11 % | $25,000 | ||
| 6 months | 0.17 % | $100,000 | ||
| 9 months | 0.13 % | $25,000 | ||
| 9 months | 0.21 % | $100,000 | ||
| 1 year | 0.15 % | $25,000 | ||
| 1 year | 0.25 % | $100,000 | ||
| 18 months | 0.20 % | $25,000 | ||
| 18 months | 0.30 % | $100,000 | ||
| 2 years | 0.30 % | $25,000 | ||
| 2 years | 0.40 % | $100,000 | ||
| 3 years | 0.50 % | $25,000 | ||
| 3 years | 0.60 % | $100,000 | ||
| 4 years | 0.69 % | $25,000 | ||
| 4 years | 0.80 % | $100,000 | ||
| 5 years | 0.89 % | $25,000 | ||
| 5 years | 1.00 % | $100,000 |
About First Midwest Bank
Commitment. Character. Client focus. Community. That’s First Midwest Bank in a nutshell. In these times, when banking has become ever more impersonal – and many banks encourage customers to transact with their machines instead of their people – you’ll find First Midwest is more than a little different.
We actually encourage our clients to visit their First Midwest Banker, discuss their financial lives, dreams and aspirations, and find solutions that will help them achieve financial success. But we also realize that people have busy, complicated lives, and that’s why we invested so much thought and energy into building the new firstmidwest.com. We want our clients to be able to manage their finances THEIR way, on a schedule that makes sense to them, whether making a deposit at their local branch during business hours, or paying their bills online at 9 o’clock at night.
First Midwest is built on a foundation of “bricks and mortar” banking that has served our local communities from as far back as the 1940s. Since becoming First Midwest Bank in 1983, we have operated under a code of values, rooted in fiscal responsibility, that has enabled us to remain strong and stable no matter the economic climate.
First Midwest Bankers are principled. We’re committed to doing what’s right for our clients. We’re empathetic to your needs and concerns. And we’re determined – with a sense of purpose that drives us to get things done for you, no matter what it takes.
Trust your financial life to professionals who share your values and know your neighborhood. We’ll help all your hard work pay off.