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Personal Savings

Take control of your finances by earning one of the nation's top interest rates with a Money Market Account.

Open An Account Today


What is a Money Market Account?

A Money Market Account (MMA) is similar to a savings account, but it offers several additional features. Compared to personal savings accounts, an MMA will typically earn a higher interest rate. While your account grows, you'll still have access to your funds. You can write checks and use your debit card just like you would with a checking account. 

Money Market Account Information


$0 per month when qualifications are met*

Minimum opening balance $2,500

Minimum daily balance to earn interest $0.01

Monthly service charge* $0 or $15


*Knock your monthly service charge down to $0 when you maintain a daily balance of $2,500. Otherwise, $15.

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Features and Benefits of an Online Money Market Account

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Convenient Access

Get unlimited account access when you stop by any Midland States Bank branch or ATM, along with a MasterCard® debit card and limited check writing.


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Tiered Interest

Looking for the potential to grow your funds faster? Tiered rates mean that the more money you have in your account, the higher the interest you’ll earn.

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Once you deposit funds into a money market account, it will be protected up to the federal limit. There's less risk involved with growing your funds this way because you'll still receive the maximum amount insured by the FDIC even if the institution fails.


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Overdraft Protection

Link your Midland Money Market Account to your Midland checking account and protect against overdrafts.


What's the Difference Between a FlexSaver and a Money Market Account?

Our FlexSaver and Money Market Accounts both offer several advantages. The right one for you depends on how you plan to use your funds and what your spending and savings goals are.

The FlexSaver is a traditional savings account, so you won’t have the ability to write checks or have access to a debit card. This will make you less likely to spend your money, but you won't earn as much interest.

Meanwhile, a Money Market Account will require a higher minimum balance — but you'll be earning a higher interest rate on it, helping you reach your financial goals. It also offers quick, easy access to your funds with a debit card and checks.


Open An Account Today

phone with app on itWhy Open a Money Market Account with Midland States Bank? 

Apply today and you'll be able to:

  • Complete your application online in about 10 minutes.
  • Work with an industry-specific team that will help you reach your savings goals.
  • Experience world-class banking services.
  • Bank anywhere, anytime with digital services ranging from e-statements to smart watch banking.
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pre-approval iconWhat are the requirements for opening a money market account?

To open an account, you'll need to be 18 years old and provide:

• Your personal and contact information.

• Your U.S. address.

• Your social security number or employer identification number.

• An MMA also requires a minimum opening balance of $2,500.


woman smiling while sitting on ground with computerWith a Midland Money Market, You Can Always Expect...

  • FDIC insured up to the maximum coverage allowed.
  • Free online, mobile and touch-tone phone banking.
  • Secure online statements.
  • Faster access to your money with direct deposit.
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About Midland States Bank

Ever since we opened our first branch in Effingham, Illinois, we've built a history of helping our clients grow their funds and reach their financial goals. With multiple branches and a full range of financial services to choose from, we make banking easy.

orange logo with cursor on it and white cubes floating around itOpen a Money Market Account and Start Saving

Achieving your saving goals just got easier. Ready to get started? Reach out today and learn more about how to open a money market account or schedule an appointment to open a MMA in person.

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Money Markets are paid with interest beginning to accrue no later than the business day we receive credit for the deposit of the noncash items (for example, checks.) Minimum balance to open a Money Market Account is $2,500 and the the minimum daily balance to earn interest is $0.01. Fees could reduce earnings. Your interest rate may change at any time and without notice.