Personal Savings First Midwest offers personal savings accounts to help you reach your goals of any size.

Statement Savings

A simple savings account that earns interest quarterly.

  • Open with $100
  • $100 minimum daily balance* to avoid $3 monthly service charge
  • Interest compounded and credited quarterly
  • Up to 6 transfers per month
  • $1 additional fee for each transfer in excess of 9 per quarter

Money Market

A limited transaction savings account that earns interest monthly.

  • Open with $1000
  • $1000 minimum daily balance* to avoid $8 monthly service charge
  • Interest compounded and credited monthly
  • Up to 6 transfers per month (includes checks written)
  • $2 additional fee for each transfer in excess of 6

Tiered Money Market

A limited transaction savings account that earns variable monthly interest according to the account balance.

  • Open with $1000
  • $1000 minimum daily balance* to avoid $10 monthly service charge
  • Interest compounded and credited monthly
  • Up to 6 transfers per month (includes checks written)
  • $2 additional fee for each transfer in excess of 6

Traditional Certificates of Deposit

Save for the future with a term that fits your needs at a guaranteed rate.

  • Open with a minimum of $1,000
  • Available in one month to five year maturities
  • Competitive interest rates (call (573) 785-8461 or visit for more details)

Early withdrawals may be assessed a penalty, which may reduce earnings. Penalties will be applied as disclosed within documents at date of issue. See a Customer Service Representative for current penalty information.

Christmas Club Savings

A short-term savings account to save for Christmas or any special need.

  • Open with $5
  • $5 minimum balance required
  • Interest credited upon maturity
  • No withdrawals allowed
  • Account funds mailed by check at the end of the club account period, by October 31

Kids Club Savings

An interest-bearing account for kids from birth to age 12.

  • Open with $5
  • No minimum balance required
  • Interest compounded and credited quarterly
  • Up to 6 transfers per month

Early Closing

Accounts closed within 60 days of opening may be charged an early closing fee of $5.

Transfer Allowance

Transactions included as transfers:

  • Check (applies to Money Market accounts only)
  • Draft or similar order (applies to Money Market accounts only)
  • Transfers to other accounts, unless in person
  • Transfers to third parties by preauthorization
  • Automatic withdrawal agreements
  • Telephone transfers
  • Online banking transfers

Disclosure Statements

*Daily balance means the ending ledger balance in the account each day. You must maintain the minimum daily balance every day of the monthly/quarterly cycle.

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. Please see a customer service representative for current rates. We reserve the right to change the rate on any account at any time at our discretion.

Interest begins to accrue on the business day you make a deposit regardless of whether it is cash or non-cash (checks). You will not receive interest for the days your balance falls below the minimum balance. This may affect the Annual Percentage Yield on your account. In the event you close your account before the interest is credited, you will not receive your accrued interest. You must maintain the minimum balance indicated during the statement cycle in order to avoid a service charge. If your balance falls below the minimum balance one day during the cycle month, you will be charged the service charge indicated. We reserve the right to require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time-deposit, or from any other savings account as defined by Regulation D.

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