Tuesday, 24 November 2020

MidFirst Direct Review: Savings and CD Rates

MidFirst Direct Review: Savings and CD Rates
10 Dec
6:51

MidFirst Direct’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

1.25%

Savings

MidFirst Direct High Yield Online Savings

2.00%

American Express National Bank High Yield Savings Account

on American Express National Bank’s secure website

Member FDIC

2.55%

CD Rates

MidFirst Direct 12 Month High Yield Online CD

2.55%

Goldman Sachs Bank USA High-yield 12 Month CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

2.60%

CD Rates

MidFirst Direct 36 Month High Yield Online CD

2.85%

Synchrony Bank 36 Month CD

on Synchrony Bank’s secure website

Member FDIC

3.10%

CD Rates

MidFirst Direct 60 Month High Yield Online CD

3.10%

Goldman Sachs Bank USA High-yield 5 Year CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

MidFirst Direct’s savings account option

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How MidFirst Direct’s savings account compares

You’ll need at least a grand to open a high-yield online savings account at MidFirst Direct, a fairly steep minimum opening requirement compared with a lot of internet savings accounts. MidFirst Direct does pay an interest rate that is well above the national average, but it’s not the top rate in the market.

If your priority is to park some cash in an account where it can earn as much interest as possible, you should choose another account from this list of some of the best online savings account offerings out there.

MidFirst Direct’s CD rates

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How MidFirst Direct’s CD rates compare

MidFirst Direct’s CDs are convenient to open and offer a wide choice of terms ranging from a few months to a decade. They pay guaranteed interest rates that are well above the national average. However, the minimum deposits required are much higher than at other institutions, while the rates offered are not the absolute best. Before you lock your money away, it’s best to research other options for maximizing your earnings among the best CD rates in the market.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Jeanne Lee

Jeanne Lee |

Jeanne Lee is a writer at MagnifyMoney. You can email Jeanne here

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Source: https://www.magnifymoney.com/blog/reviews/midfirst-direct/

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