Illustrative Rates

Grow your money with flexible savings tools

Whether you are building an emergency fund or preparing for a big milestone, these sample First Midwest FCU savings products show how we help members stay on track.

High-Yield Savings

3.15% APY · $0 minimum

Keep your emergency fund liquid while earning a competitive dividend rate.

  • Unlimited transfers to First Midwest accounts
  • Rename goal buckets and track progress visually
  • Monthly insights highlight trends and achievements

Goal Builder CDs

4.25% APY · 12 Month

Lock in a higher rate with flexible maturity options and partial withdrawals for milestones.

  • Deposit as little as $500 to get started
  • Automatic ladder suggestions every renewal
  • Penalty-free access to 20% of balance once per term

Junior Launch Savings

$10 opening deposit

Help younger members build smart habits with allowances, chore tracking, and parent controls.

  • Automatic allowance transfers every week
  • Progress badges for savings milestones
  • Shared visibility with guardians

Plan for what is next

  • 1
    Emergency buffer

    Set an automatic transfer from your paycheck to build three months of expenses without thinking about it.

  • 2
    Dream vacation

    Create a bucket labeled “Summer Road Trip,” track contributions, and enable alerts when you reach each 25% milestone.

  • 3
    Tuition planning

    Pair Goal Builder CDs with automatic deposits to match key semester due dates.

Frequently asked questions

How quickly can I access funds?

Transfers between First Midwest accounts are instant. External transfers typically post within 1–2 business days.

Does the dividend rate change?

Yes, variable rates can change. We notify members via email and highlight updates inside the app.

Can I rename my savings buckets?

Absolutely. Rename each bucket, set a target amount, and assign a photo or icon to stay motivated.