and credit of the U.S. Government
Certificates
of Deposit
Earn More, Effortlessly
A certificate of deposit (CD) is a savings account that holds your money for a set term in exchange for a fixed interest rate. Get a guaranteed return to maximize your savings with our certificates of deposit.* Choose the term that fits your needs and keep your money secure and steadily growing.
Great Rates
Earn a competitive fixed rate for the entire term of the CD.
$1,000 to Open
A minimum deposit
of $1,000 is required
to open a CD.
Variety of Terms
CDs are available
in terms from three months
to five years.
Risk-Free Growth
Deposits are FDIC-insured.
Earn More, Effortlessly
A certificate of deposit (CD) is a savings account that holds your money for a set term in exchange for a fixed interest rate. Get a guaranteed return to maximize your savings with our certificates of deposit.* Choose the term that fits your needs and keep your money secure and steadily growing.
Great Rates
Earn a competitive fixed rate for the entire term of the CD.
$1,000 to Open
A minimum deposit
of $1,000 is required
to open a CD.
Variety of Terms
CDs are available in terms from one month to five years.
Risk-Free Growth
Deposits are FDIC-insured.
Safeguard Your Savings With Enhanced Deposit Insurance
Access FDIC insurance coverage on high-dollar CD deposits through First Midwest Bank’s membership in the Certificate of Deposit Account Registry Service (CDARS) network. The CDARS network offers deposit account insurance on balances above FDIC limits, so you can enjoy greater peace of mind with insurance coverage on all your deposits.
Calculate Your Savings
Use our free online savings calculators to estimate how much or how long you need to save to reach your specific goals.Frequently Asked Questions
- Term: CDs require a fixed time commitment (3 months to 5 years), whereas Money Market Accounts and savings accounts do not have fixed maturity dates.
- Liquidity: CDs restrict liquidity through early withdrawal penalties prior to maturity, whereas money market and savings accounts provide flexible ongoing access to funds.
- Balance: A CD requires a minimum deposit of $1,000 to open.
- Rate Structure: CDs lock in a fixed interest rate for the duration of the chosen term, while money market and traditional savings accounts typically feature variable interest rates.
Security
Protect yourself from identity theft and reduce your risk
of fraud with our security education resources. You’ll learn how to:
- Keep your personal information safe
- Access your free credit report
- Avoid common scams
- Report a fraudulent transaction
Current Rates
Please contact your local branch
or call our Customer Service team at
(573) 785-8461 for more information about our rates.
Budgeting Tools
MoneyMap, First Midwest’s free
personal finance tool, can help you
create a personalized budget, monitor your spending trends and track your
debt repayment progress.
Security
Protect yourself from identity theft and reduce your risk
of fraud with our security education resources. You’ll learn how to:
- Keep your personal information safe
- Access your free credit report
- Avoid common scams
- Report a fraudulent transaction
Current Rates
Please contact your local branch
or call our Customer Service team at
(573) 624-3571 for more information about our rates.
Budgeting Tools
MoneyMap, First Midwest’s free
personal finance tool, can help you
create a personalized budget, monitor your spending trends and track your
debt repayment progress.
Better Banking Starts Here
Visit one of our local branches or use our secure online application to open your account in minutes. Need help? Reach out to our friendly team members for assistance.Better Banking Starts Here
Visit one of our local branches or use our secure online application to open your account in minutes. Need help? Reach out to our friendly team members for assistance.Better Banking Starts Here
Visit one of our local branches or use our secure online application to open your account in minutes. Need help? Reach out to our friendly team members for assistance.Explore the Possibilities
Simplify your finances with banking designed to fit your life.
Earn a competitive rate to make the most of your money.
Get the funds you need for big plans and unplanned expenses.
