Special CD Offer for You or Your Business
Minimum Opening Balance: $500
To open a CD at this special rate, visit any Midland States Bank location.
A CD is a much safer investment option compared to stocks, which can be volatile. Whether you choose a short-term or a long-term CD, you'll be guaranteed a rate of return without having to worry about fluctuating rates or lost funds.
Also, compared to savings or money market accounts, you can typically expect to receive higher interest rates. If you do not need your money for a while, investing it in CDs can provide a better rate of return, making it easier to reach your savings goals.
Open a Certificate of Deposit (CD) account to save for a family vacation or purchase a new home. You can even open a business CD to help with future inventory. Whatever you’re saving for, a CD can help get you there. When you invest savings in a CD, your money will grow at a fixed interest rate for a specific amount of time.
Interested in different terms other than our 18-month special? Other terms can range from 1 week to 60 months or even longer depending on the amount of time you want to leave your money in the account.
During your chosen term, you'll be able to earn high interest rates. You'll also be able to experience peace of mind knowing that you'll receive guaranteed returns once the term is up.
The team at Midland States Bank can help you determine which certificate of deposit option is best for you based on your financial goals. No matter which one you choose, though, you will be able to experience:
With a savings account, you'll be able to earn some interest and always have access to your funds. With a CD investment, you'll invest your money for a specific amount of time and then receive that amount plus interest once the term is up.
Yes, CDs are insured by the FDIC up to the maximum amount allowed and are a low-risk investment option.
At Midland States Bank, our CDs require a minimum of $500 to get started.
Consumers, businesses and corporate clients have been relying on Midland States Bank to reach their financial goals ever since our first branch opened in Effingham, Illinois. Over the years, we've expanded our branches. We now offer a full range of services that you can access anytime, anywhere.
Best Rates and Top National Rates statements based on our top tier of 1.45% APY. Source: S&P Capital IQ Pro; SNL Financial Data. Calculations: FDIC. Monthly rate cap information as of July 18, 2022 showing National Deposit rates at 0.12%. Learn More.
*Annual Percentage Yield (APY) as of 8/3/2022. Minimum opening balance and minimum to obtain disclosed APY is $500. The CD Special term is 18-months. Not available to Public Funds or other Financial Institutions. Withdrawals may reduce earnings and are subject to early withdrawal penalties. Fees may reduce earnings. Offer subject to change without notice. Some restrictions may apply. Each renewal term will be the same as original term. Member FDIC.