Midland States Bank (IL/MO) Offers 30-month CD Special, 3.00% APY


Deal Summary: 30-month Special Rate CD, 3.00% APY, $2.5k minimum deposit.

Availability: Market area includes 23 Illinois counties, three Missouri counties (St. Louis metro area), and the City of St. Louis.

Illinois-based Midland States Bank (Midland) has added a trio of Special Rate CDs, with the 30-month (3.00% APY) being the most competitive of the three. The minimum opening deposit is $2.5k, with no stated balance cap.

While the fine print on the landing page reads, “Available at participating Midland locations,” CSR stated that the Special Rate CDs can be opened at any Midland branch. The wording was left over from an earlier promotion only available the Rockford (IL) branches, following the acquisition of the Alpine Bank and Trust Company.

According to CSR, the Early Withdrawal Penalty for the 30-month CD is one year’s interest, but only early closures are permitted – no partial withdrawals.


Headquartered in Effingham, Illinois, Midland States Bank has a market area that covers 23 Illinois counties, three Missouri counties (St. Louis metro area), and the city of St. Louis.

The Illinois counties include Bond, Boone, Bureau, Champaign, Clinton, DeKalb, Effingham, Fayette, Grundy, Jefferson, Kankakee, Kendall, LaSalle, Lee, Livingston, Marion, Monroe, St. Clair, Stephenson, Washington, Whiteside, Will, and Winnebago.

Opening a Special Rate CD can be done at any of the 59 Illinois branches or the eleven Missouri branches, which are located in Arnold, Jennings, O’Fallon, St. Charles, St. Louis (6), and St. Clair.

Bank Overview

Mid States Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.82% (excellent), based on December 31, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $886.89 million, an excellent annual growth rate of 29.84%. Please refer to our financial overview of Midland States Bank (FDIC Certificate # 1040) for more details.

Established in 1881 as the one-branch Effingham State Bank, Midland States Bank is currently the ninth largest bank headquartered in Illinois, with assets in excess of $5.6 billion and more than 190,000 customer accounts. Between 1999 and 2018, the Bank acquired seven Illinois and three Missouri banks, greatly expanding its market area.

How the Special Rate CD Compares

When compared to 274 similar length-of-term CDs which are available within the Bank’s market area and require a minimum deposit between $500 and $10k, Midland States Bank’s 30-month Special Rate CD APY currently ranks fourth.

The above rates are accurate as of 4/29/2019.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Chicago CD rates, St. Louis CD rates, Rockford CD rates, Champaign CD rates, Peoria CD rates, Davenport CD rates, 5-year CD rates

5.50% 12-Month / 5.50% 17-Month CD at a Missouri Bank (WestBridge)
WestBridge Bank and Trust is offering a 5.50% APY certificate of deposit with a term from 12 to 17 months. The minimum deposit is $1,000, and the early withdrawal penalty is 90 days of interest.

My last report on this bank was in October when they were offering a 6% CD. At that time I was told by the banking rep that they do accept out-of-state deposits and will open the CD by mail. For more info on opening the CD by mail, please see my October post.

The bank is located...

Continue Reading
6% 6-Month to 12-Month CD Available to All at WestBridge Bank and Trust.
I had reported on WestBridge Bank and Trust's 6.00% CD special last week. Since then, I've confirmed that they do accept out of state deposits and they will open the CD by mail. The special is shown on their home page. You can choose a 6.00% APY certificate of deposit with a term between 6 and 12 months. The minimum deposit is $10K, and the early withdrawal penalty is 3 months of interest.

The bank can send you by email the application and instructions to open the CD by mail. In...

Continue Reading
6% 6-Month / 6% 12-Month CD at a Missouri Bank (WestBridge)
WestBridge Bank and Trust is having a special certificate of deposit offer. It's a 6.00% APY CD with a term of 6 to 12 months. The minimum deposit is $10k. The early withdrawal penalty is 90 days of interest. The offer is also available for an IRA.

The bank is located in Chesterfield, Missouri which is in the western suburbs of St. Louis. It's not clear if the bank requires a branch visit to open an account. I've sent the bank an email to see if they accept applications by mail.


Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.