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A Safe Investment Option

Whether you choose a short-term or a long-term CD, you'll be guaranteed a rate of return without having to worry about fluctuating rates or lost funds. 

CD Details

  • $500 minimum deposit
  • 1 week - 60 months +CD term length options
  • $0 service charge
  • Automatic Renewal Options Access your funds at maturity or renew your CD for continuous growth.
woman looking at computer with her dog

Key Features & Benefits

Guaranteed Rate and Return

Experience peace of mind with a fixed interest rate and predictable returns, ensuring steady growth of your savings over time.

Safety

CDs are insured by the FDIC up to the maximum amount allowed, ensuring your investment is protected.

Flexible Terms

Our terms can range from 1 week to 60 months or even longer depending on the amount of time you want to leave your money in the account.

Higher Interest Rates

Typically offers higher interest rates compared to regular savings accounts.

Low Risk

A secure and stable way to grow your savings with minimal risk.

Convenient Account Opening

You can choose from an in-person account opening process, or you can open a 6 or 12 month CD online.

Compare Savings Accounts

Savings AccountMoney Market AccountCertificate of Deposit
Interest RateLowerModerate to High High
Opening Deposit$50$2,500 $500
ATM Access   
Check Writing   
Early Withdrawal Penalty   
FDIC Insurance   
Additional BenefitsSimple and easy to useCheck Writing and debit cardGuaranteed rate and return
Savings Account
Interest RateLower
Opening Deposit$50
ATM Access 
Check Writing 
Early Withdrawal Penalty 
FDIC Insurance 
Additional BenefitsSimple and easy to use
Money Market Account
Interest RateModerate to High
Opening Deposit$2,500
ATM Access 
Check Writing 
Early Withdrawal Penalty 
FDIC Insurance 
Additional BenefitsCheck Writing and debit card
Certificate of Deposit
Interest RateHigh
Opening Deposit$500
ATM Access 
Check Writing 
Early Withdrawal Penalty 
FDIC Insurance 
Additional BenefitsGuaranteed rate and return

Get Started on Your Financial Goals

1. Open Your CD Open your account online now, or visit your local branch to open your new CD.  
2. Brighter Experiences Await Feel confident with your safe and flexible investment choice! 

Frequently Asked Questions

How is a CD different from a savings account?

With a savings account, you'll be able to earn some interest and always have access to your funds. With a CD investment, you'll invest your money for a specific amount of time and then receive that amount plus interest once the term is up. A CD locks your money for a fixed term, with penalties for early withdrawal, but typically provides higher interest rates than a savings account.

Is opening a CD at a bank safe?

Yes, CDs are insured by the FDIC up to the maximum amount allowed and are a low-risk investment option. 

Can you withdraw funds from a CD early?

Yes, you can withdraw funds from a CD early, but there will be early withdrawal penalties. If you need more access to your money, you may be interested in a regular savings account or a Money Market Account. 

How much do you need to open a CD?

At Midland States Bank, our CDs require a minimum of $500 to get started. 

Not available to businesses, Public Funds, or other Financial Institutions. Offer subject to change without notice. Some restrictions may apply. Member FDIC.

Prefer Personal Assistance?

Our team of dedicated professionals are here to support you.