Savings Accounts

1st MidAmerica is here for your financial future.

As a member, you are entitled to certain privileges not offered by other financial institutions. For example, you will receive dividends on both share savings and share draft checking accounts that are among some of the highest available.

You'll have convenient access to your accounts 24/7 with Online banking, Phone banking and your Debit & ATM card.

Choose one of the Savings Accounts below and begin saving today!

• Basic Savings Account
• Certificates
• Youth Velocity Certificates
• Money Market Accounts
• IRAs

Basic Savings Account

The minimum deposit to open a new share account is $5.00 along with a .25 cent membership fee. Our accounts are insured up to $500,000.

Certificate Accounts

Share Certificates offer you a variety of terms and rates. Whether saving for a short term purchase, as little as 6 months, or saving for the long term, up to 60 months, we offer a certificate that will match your needs.

Youth Velocity Certificates

Velocity share certificates are for members under the age of 23, and designed to encourage savings from a young age through the college years. The Velocity share certificate locks your money into a high rate for a one year term. You can open a Velocity certificate with as little as $300, and then add to your certificate through the year, up to $50 once each month. To maximize your savings, you can open up to three Velocity certificates, each with a maximum of $1,000.

Money Market Accounts

Split into tiers and varying rates, money markets allow you easy access to your money while earning a higher interest than our basic checking account.

IRA Accounts

Prepare for retirement with a 1st MidAmerica IRA including Roth IRAs, Traditional IRAs, and Coverdell Savings Accounts. Whether making employer-funded contributions, or individual contributions, we offer competitive dividend rates. And, there are no annual or maintenance fees. We also offer IRA certficates at the same rates as our share certificates.

Our IRAs also insured up to $500,000 per member. The National Credit Union Administration (NCUA), a U.S. government agency, insures your account up to $250,000 per member. When your accounts exceed $250,000, the maximum level of coverage provided through NCUA on IRAs, you are also insured up to an additional $250,000 By ESI, a private insurer.

	Your savings are federally insured to at least $250,000 by the National Credit Union Administration, a U.S. Government Agency. An additional $250,000 privately insured by ESI.

The National Credit Union Administration (NCUA), a U.S. government agency, insures your account up to $250,000 per member. When your accounts exceed $250,000, the maximum level of coverage provided through NCUA, you are also insured up to an additional $250,000. Your board of directors has chosen to provide this exceptional level of insurance through a private company. This supplemental insurance is provided by Excess Share Insurance (ESI) Corporation. ESI is a subsidiary of American Share Insurance, the nation's largest private deposit insurer for credit union's. Excess share insurance is available only to credit unions meeting the company's rigid requirements and standards of performance.

NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a ‘‘noninterest-bearing transaction account’’ are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules. The term ‘‘noninterest-bearing transaction account’’ includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (‘‘NOW’’) account, moneymarket deposit account, and Interest on Lawyers Trust Account (‘‘IOLTA’’), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visitwww.ncua.gov.