Earn a Potential 1.26% Money Market Account Rate With First Midwest Bank of Poplar Bluff

Posted in Banking , Local Banks , Money Market , Rates

Midwesterners are always the first to embrace and support their local communities. Those situated in Poplar Bluff, Mo. can help do so by selecting to bank locally with theĀ First Midwest Bank of Poplar Bluff. Not only will they be doing smart move supporting the town’s infrastructure but depositors will be rewarded with the best money market rates available through the bank.

As a tiered account, the top money market account accounts will go to those depositing the most money. The tiers break down as follows:

  • Tier 1: $1,000 – $9,999 can earn 0.50% APY
  • Tier 2: $10,000 – $24,999 can earn 0.75% APY
  • Tier 3: $25,000 – $49,999 can earn 1.26% APY
  • Tier 4: $50,000 & Over can earn 1.26% APY

Regardless of the tiers, all accounts require a minimum opening balance of $1,000. However to earn the qualified money market account rate minimum deposit amounts are required:

  • Tier 1: requires $1,000 minimum deposit to earn interest
  • Tier 2: requires $10,000 minimum deposit to earn interest
  • Tier 3: requires $25,000 minimum deposit to earn interest
  • Tier 4: requires $50,000 minimum deposit to earn interest

There are also other terms depositors need to be aware of to get their full money market interest rate including:

  • If minimum daily balance of $1,000 is not met, an $8 monthly service fee will apply
  • Interest is compounded and credited on a quarterly cycle
  • A maximum of six monthly account transactions are included
  • A $2 service charge will apply to account transactions exceeding monthly limit
  • Account subject to early closing penalty of $5 if closed within 60 days of opening
  • FDIC insured

First Missouri Bank is a local financial institution located in Missouri. The main bank branch is on Westwood Blvd in Poplar Bluff and there are other locations around town and in Puxico.

>> Money Market Interest Rates

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

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