Bank · FDIC insured
First Mid Bank & Trust Carrot Score
A $9.1B bank, the 175th largest of 4,207, headquartered in Mattoon, IL, with 87 branches in 5 states.
First Mid Bank & Trust Carrot Score
62
Carrot Score
Higher than 5% of U.S. banks and credit unions
- CDs65
- Savings66
- Auto loansNot scored
- Credit cardsNot scored
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where First Mid Bank & Trust ranks
By Carrot score, in each area where it has branches
- #75 of 79St. Louis, MO-IL metro18
- #19 of 21Champaign-Urbana, IL metro7
- #22 of 23Rockford, IL metro5
- #4 of 5Fort Madison, IA metro5
- #23 of 27Peoria, IL metro4
- #15 of 15Decatur, IL metro4
And 21 more areas
- #7 of 10Burlington, IA-IL metro4
- #49 of 53Des Moines-West Des Moines, IA metro3
- #16 of 18Janesville-Beloit, WI metro3
- #9 of 9Effingham, IL metro3
- #8 of 8Charleston-Mattoon, IL metro3
- #117 of 124Chicago-Naperville-Elgin, IL-IN metro2
- #13 of 16Columbia, MO metro2
- #13 of 14Jefferson City, MO metro2
- #8 of 9Marion-Herrin, IL metro2
- #6 of 7Carbondale, IL metro2
- #107 of 115Dallas-Fort Worth-Arlington, TX metro1
- #19 of 21Bloomington, IL metro1
- #18 of 21Iowa City, IA metro1
- #9 of 10Galesburg, IL metro1
- #9 of 10Quincy, IL-MO metro1
- #5 of 5Mount Vernon, IL metro1
- #266 of 281Illinois52
- #151 of 160Missouri17
- #132 of 142Iowa14
- #188 of 196Wisconsin3
- #358 of 375Texas1
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
65beats 14% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 0.30% | 5% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 0.40% | 4% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 2.75% | 28% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 2.75% | 36% | 3.05% | 3.65% | 4.07% |
| Qualified | 2.75% | 11% | 3.85% | 4.15% | 4.35% |
Best rates 32.2 · all terms 16.6 → 26.0 → 65
Savings
66beats 17% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.05% | 16% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.10% | 15% | 0.50% | 1.15% | 2.20% |
| $100,000 | 3.44% | 96% | 1.00% | 2.01% | 2.93% |
| Qualified | 0.10% | 12% | 0.60% | 1.31% | 2.43% |
Best rates 13.7 · all balances 30.8 → 20.5 → 66
Auto loans
Not scoredCredit cards
Not scoredWhere the score could improve
- Savings, $10,0001.15%0.10% today, higher than 15% of U.S. institutions. 1.15% would reach the top quarter; 2.20% the top 10%.
- CDs, 9-15 months4.00%0.40% today, higher than 4% of U.S. institutions. 4.00% would reach the top quarter; 4.25% the top 10%.
- Savings, Qualified1.31%0.10% today, higher than 12% of U.S. institutions. 1.31% would reach the top quarter; 2.43% the top 10%.
- To score in the 90sIts savings already have a rate near the best in the country (3.44% at $100,000); its other savings rates need to rank near the top too, so the weaker ones above matter most.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How First Mid Bank & Trust got its score
Its products stand at 26.0 for CDs and 20.5 for savings, out of 100. Together they average 23.3. That puts it ahead of 5% of U.S. banks and credit unions: a Carrot Score of 62.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.