Midland States Bank: Money Market & Rates

By Aviel Fahl

Updated: Invalid Date

Mission: Banksparency aims to make Midland States Bank's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of Midland States Bank

Our verdict

Midland States Bank offers a money market account paying 3.25% APY with a $2,500 minimum deposit.

At 3.25% APY, Midland States Bank pays 5x the national money market average of 0.63%.

Ideal User Profile

Best for: simple saving without extra requirements.

Important Considerations

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Money Market Overview

Money Market Account

Money Market

3.25% APY

Tiered Range: 1.55% - 3.25%

Min: $2,500 Branch Access

Min. Deposit	$2,500
Min. Balance	N/A
Maintenance Fee	$0

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationEffingham, IL
Deposit InsuranceFDIC Insured(Cert: 1040)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Money Market Accounts Offered by Midland States Bank

Feature	Money Market Account
APY	3.25%Range: 1.55% - 3.25%Verified: 8/19/2026
Min. Deposit	$2,500
Min. Balance	N/A
Monthly Fee	N/A
Direct Deposit	None
In-Branch Access	Yes
Compounding	N/A
FDIC Insured	Yes
Eligibility	United States

Midland States Bank Money Market Rates Over Time

No historical data available.

Alternatives to Midland States Bank

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For a top list of the highest savings rates, see all HYSA top rates

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