How To Open First Midwest Bank Savings Account

How to save money for many expected future expenses is a hot debate, always. People use different tactics and procedures to save money. However, one of the best ways to save money is to open a bank savings account. You can find many banks around offering savings accounts and the First Midwest Bank is also one of them. If you need to save with a savings account, then you can choose from the several savings accounts offered by the bank. The best thing is that you can apply for the account online from wherever you are if you fulfill the eligibility requirements. In this guide, you will learn how to open a savings account on the bank’s website. But before that, let’s discuss the available options.

Available First Midwest Bank Savings Accounts

For the convenience of its customers, the bank offers different interest-bearing accounts. Any option that you pick would add momentum to your budget. Whether you want to save for a specific future goal, or need to gear up today for the emergency fund, you should open a savings account. Whatever savings account type you select, it will come with the following common features:

• Competitive interest rates (credited monthly)
• Free Mobile and Online banking
• Free eStatements
• Deposit funds using Debit Card, in-person, automatic transfer, or with the employee-offered Direct Deposit
• Round-the-clock funds accessibility
• Combined statements (with your other accounts in the same bank)

You can see the savings rates on their website. Now, let’s take a look at the exclusive features of all available savings accounts. This will help you make an informed decision.

1. Diamond Savings

If you are already a Diamond Checking customer of the First Midwest Bank, then this savings account is exclusively for you. They have combined the highest rates with the full liquidity of the conventional savings account. If you maintain a $100 minimum daily balance in your account, then the monthly maintenance fee will be waived. Or, you can also avoid the monthly maintenance charge by maintaining a $50 monthly Systematic Savings Plan from a Diamond Checking account.

2. Investor Reserve Savings

This savings account is a perfect combination of the return and security. It offers you the accessibility of the conventional savings accounts and provides greater returns with the tiered rates. If you open this savings account, then your balance will increase as your interest grows.

3. Statement Savings

The third option is called the Statement Savings. This is the simplest way to set yourself on the way to the healthy future, in terms of your financial needs. You can easily deposit funds, in the branch, in your FDIC insured account. You can use the telephone and online banking, direct deposit, or ATM to transfer funds between your Savings and Checking accounts. Whenever you need to withdraw funds, you can visit the nearest bank branch or ATM location. The monthly maintenance charge is waived as an exclusive benefit for the select clients. If you are over 65 years of age or less than 18, then the monthly maintenance fee will be waived regardless of what account balance you have.

Online Banking

After opening any type of savings account with the bank, you can register for the online banking service on their website. Registering for the online banking service will unlock the new doors of convenience and resources for you. With online banking, you can pay your bills online from wherever you are, anytime. You can keep track of your transaction history and transfer balances between two accounts using online banking services. Download eStatements, apply for loans and other services from a single place using this great online service.

To perk up the online banking fun and convenience, you can also download the official mobile app of the bank in your smart device and log in using this app. The mobile app is available for both iOS and Android users and it is absolutely free to download and install.

Instructions To Open A First Midwest Bank Savings Account

If you have decided to open a particular savings account with the bank, then you should power on your internet-connected PC and perform the following steps. But before that, you should be aware that you need to provide the information, like your social security number, driver’s license number, and home address in order to complete the application.

1. Launch the internet browser that you normally use. Access the official First Midwest Bank Savings Account Website where you are supposed to apply for a savings account online.
2. When the website opens, you should move the mouse to the “Products & Services” tab in the website menu. After that, new options will appear on the computer screen. Here, click the “Savings Accounts” option that is available under “Save” category in the second row. Now, you will be directed to a new page where all savings accounts will be available.
3. Now, go through all three savings accounts. Every account type will have its own “Open Now” button that you need to click to start the account opening process online. For instance, click this button on Diamond Savings, if you want to apply for this savings account.
4. Now, read the important information, select account ownership type, and other such options. Click the “Continue” button after that. Enter your personal information, email address, ID information, and employment information in the required fields and click “Continue” button once again.
5. After that, select options, review your information, review disclosures, make an opening deposit, and finally submit the application.

This is how you can submit a First Midwest Bank savings account opening application online. If you have questions related to their products or services, then you should dial their customer service number that is 800-322-3623.