Midland States Bank money market rates
Midland States Bank advertises up to 3.25% APY on its Relationship Money Market account. The 3.25% needs a balance of at least $25,000. Below that, the account advertises 1.06%.
A checking account at the bank is required. On a $10,000 balance the account earns 1.38% overall, about $138 in a year, which is 1.00 percentage points above the national savings average of 0.38% (FDIC, Aug 2026).
Midland States Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 3.25% · Relationship Money Market · needs at least $25,000 · checking account required |
| Minimum to open | $2,500 · Relationship Money Market |
| Against the national average | 2.87 percentage points above the 0.38% FDIC savings average (Aug 2026) |
| Money market | |
| Top money market APY | Up to 3.25% · Relationship Money Market · needs at least $25,000 · checking account required |
| Minimum to open | $2,500 · Relationship Money Market |
| Against the national average | 2.62 percentage points above the 0.63% FDIC money market average (Aug 2026) |
| FDIC certificate | 1040 · Effingham, IL |
|---|---|
| Website | www.midlandsb.com |
| Branches | 60 branches in IL, MO |
| Availability | Available in IL, MO |
Midland States Bank money market rates
How the rate applies
How the rate applies
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%. Across 93 money market accounts from 83 banks in the Banksparency money market index, the median advertised rate is 1.00%, and one account in ten advertises 3.41% or more. See the highest savings rates.
What Midland States Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced all of its deposits over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 3.25% needs a balance of at least $25,000. Below that, the account advertises 1.06%.
In Q1 2026, Midland States Bank paid a higher average rate than 45% of U.S. banks (all-bank median 2.27%).
- Midland States Bank, avg rate paid
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers every account that earns interest: savings, interest checking, money market accounts, CDs, and personal and business accounts at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older balances at the rates of earlier years, everyday transaction balances, and CDs that were priced in a different rate environment. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Relationship Money Market | 3.25% | $2,500 | $0 | None | not stated | Checking account | Tiered | not enough history |
| Money Market Account | 0.16% | $2,500 | $0 | None | not stated | not stated | Tiered |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Available in IL, MO |
|---|---|
| Footprint | 60 branches in IL, MO |
| Eligibility | not stated |
How Midland States Bank behaves over time
Midland States Bank has not changed its advertised savings rate in the 26 weeks since Banksparency began tracking it.
- Rate last changed
- Sep 4, 2026(effective date)
$10,000 at the 3.25% APY Midland States Bank advertises on Relationship Money Market grows to $10,325 in a year. Prices rose 3.4% in the year to July 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,989 does today. See how the federal funds rate shapes savings rates.
Who is Midland States Bank?
| Headquarters | Effingham, IL |
|---|---|
| Founded | 1881 |
| Scale | $6.5B assets · $5.5B deposits, $4.4B of it interest-bearing (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 1040 |
Financial detail is in What Midland States Bank pays on deposits above.
Common questions about Midland States Bank
Is Midland States Bank FDIC insured?
Yes. Midland States Bank is FDIC insured under certificate 1040, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Midland States Bank?
Midland States Bank requires a minimum deposit of $2,500 to open its Relationship Money Market account, as observed on Sep 4, 2026. Check the bank's current terms before you open an account.
Does the 3.25% apply to my whole balance?
The 3.25% needs a balance of at least $25,000. Below that, the account advertises 1.06%. A checking account at the bank is required. Rates are as observed on Sep 4, 2026.
Does Midland States Bank have branches?
Yes. Midland States Bank operates 60 branches according to FDIC branch records, in addition to its website and mobile apps.
Similar banks and rate hubs
Banks in the same rate band with the same product mix:
Rate hubs: today's highest savings rates, and money market rates.