Take control of your finances by earning one of the nation's top interest rates with a Money Market Account.
$25,000+ minimum daily balance
$.01 - $24,999.99 minimum daily balance
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.
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 $1,000 or a $7,500 average monthly balance. Otherwise, $15.
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.
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.
Safety
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.
Overdraft Protection
Link your Midland Money Market Account to your Midland checking account and protect against overdrafts.
Our FlexSaver and Consumer 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 Consumer 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.
Why Open a Money Market Account with Midland States Bank? Apply today and you'll be able to:
What 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.
With a Midland Money Market, You Can Always Expect...
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.
Open 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.
Statement Based on our top tier of 3.55% APY. Source: S&P Capital IQ Pro; SNL Financial Data. Calculations: FDIC. Monthly rate cap information as of January 17, 2023 showing National Deposit rates at 0.44%. Learn More.
*Annual percentage yields (APY) are accurate as of 2/8/2023. Money Market special APYs are 1.76% APY for balances of $.01-$24,999.9 and 3.55% APY for balances of $25,000+. 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 minimum daily balance to obtain the disclosed APY is $2,500. Fees could reduce earnings. Your interest rate may change at any time and without notice. This offer may end at any time and without notice. This special is available for personal accounts only.
