MidFirst Bank CD Rates: Competitive APY Options

MidFirst Bank CD rates are a great option for those looking to earn competitive APYs.

MidFirst Bank offers a variety of CD terms, ranging from 3 months to 5 years.

With a minimum deposit of $1,000, you can start earning interest on your CD.

APYs at MidFirst Bank can be as high as 4.85% for a 5-year term.

You might like: 5 3 Bank Cd Rates

MidFirst Bank CD rates offer a range of options, but their competitiveness varies depending on the term.

The bank's CD rates are available for terms ranging from 3 to 120 months.

You can apply for a MidFirst Bank CD online, and the minimum balance requirement is $1,000.

MidFirst Bank CD rates range from 0.25% to 2.00% APY.

The bank offers special CD rates, including 1.10% APY for an 11-month CD, 1.20% APY for a 15-month CD, and 1.30% APY for a 20-month CD.

Here are the special CD rates offered by MidFirst Bank:

MidFirst Bank has a strong financial foundation, with over $10 billion in assets and over $1 billion in regulatory assets.

MidFirst Bank CD rates vary across different terms, with some being notably competitive and others falling below industry averages.

The bank offers a range of CD terms, from as short as 3 months to as long as 120 months, with corresponding APYs. For instance, the 3-month CD has an APY of 0.25%, while the 120-month CD has an APY of 2.00%.

Some CD terms, such as the 12-month and 18-month Relationship CDs, offer competitive rates, with APYs of 0.55% and 0.75% respectively. However, others, like the 91-day and 24-month CDs, have lower APYs of 0.30% and 0.95% respectively.

Here's a breakdown of the CD terms and rates offered by MidFirst Bank:

CD terms and rates can be complex, but let's break it down. MidFirst Bank offers a range of CD terms, from as short as 3 months to as long as 120 months.

Some of the most competitive rates can be found in the bank's 12-month and 18-month Relationship CDs, which offer APYs of 0.55% and 0.75%, respectively. However, other terms, like the 24-month CD, fall below industry averages with an APY of 0.80%.

Expand your knowledge: Cd in Banking Terms

One thing to note is that MidFirst Bank's CD terms vary in their competitiveness, so it's essential to carefully assess individual terms to align with your specific investment horizon. The bank's commitment to no fees, a reasonable minimum deposit requirement, and FDIC insurance provide a solid foundation.

Here are some of the CD terms and rates offered by MidFirst Bank:

It's worth noting that the bank's 11-month Special CD offers a 1.10% APY, while the 15-month Special CD offers a 1.20% APY. The 20-month Special CD offers a 1.30% APY, and the 25-month Special CD offers a 1.40% APY. However, the 30-month Special CD has a lower APY of 1.00%.

Additional reading: Synchrony Bank Offers Nearly Any Term of Cd

The 91-Day CD is a great option for those who need quick access to their money. It requires a minimum deposit of just $1,000.

With this CD, you'll have access to your money through branches, online, and mobile banking. This is convenient for those who want to keep an eye on their investment.

On a similar theme: First Bank Money Market Rates

The 91-Day CD comes with FDIC insurance, which protects your deposit up to the maximum amount allowed by law. This gives you peace of mind knowing your investment is secure.

One thing to note is that there are no fees associated with this CD. This is a perk for those who want to keep their costs low.

The interest rate on the 91-Day CD is 0.30%, which is a relatively low rate. However, it's suitable for short-term investors who want a quick turnaround on their investment.

Here's a quick summary of the 91-Day CD's pros and cons:

MidFirst Bank CD rates have a mixed competitive landscape.

Certain terms, like the 12-month and 18-month Relationship CDs, offer notably competitive rates.

The bank's commitment to no fees is a big plus for investors.

This means you won't have to worry about extra charges eating into your returns.

However, not all terms are created equal.

The 91-day and 24-month CDs fall below industry averages.

It's essential to assess individual terms to align with your specific investment horizon.

This way, you can choose the term that best fits your needs.

MidFirst Bank's CD offerings have varying levels of competitiveness.

Prospective investors should carefully evaluate each option.