What are the current interest rates at Midland Federal S&L?

Current rates for Midland Federal S&L include: 12-Month CD: 0.50%, 18-Month CD: 0.55%, 24-Month CD: 0.65%, 36-Month CD: 0.75%, 48-Month CD: 1.01%, 60-Month CD: 1.26%, MMA: 0.05%

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Midland Federal S&L Rates & Review September 2026

Q: How many branches does Midland Federal S&L operate?

Midland Federal S&L currently maintains approximately 4 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Midland Federal S&L does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Midland Federal S&L provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 7, 2026

Midland Federal S&L's 60-Months 60-Month Certificate rates are at 1.26%, 48-Months 48-Month Certificate rates are at 1.01%, 36-Months 36-Month Certificate rates are at 0.75%, 30-Months 30-Month Certificate rates are at 0.70%, 24-Months 24-Month Certificate rates are at 0.65%. Midland Federal S&L's money market rates are at 0.05%. MonitorBankRates evaluates the financial stability of Midland Federal S&L with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.17%. Rates last updated and verified on 09/07/2026.

Midland Federal S&L money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Midland Federal S&L? Share your experience about Midland Federal S&L by leaving a review below, or read customer reviews before you decide to use Midland Federal S&L.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.17%

Excellent Lower than avg

Health Trend

Improving 12 quarters

Full history ›

Midland Federal S&L

8929 S Harlem Ave
Bridgeview, IL 60455

https://www.midlandfederal.com/

Midland Federal S&L CD Rates

Product	Rate	APY	Term
60 Month Certificate	1.25%	1.26%	60 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
48 Month Certificate	1.00%	1.01%	48 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
36 Month Certificate	0.75%	0.75%	36 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
30 Month Certificate	0.70%	0.70%	30 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
24 Month Certificate	0.65%	0.65%	24 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
18 Month Certificate	0.55%	0.55%	18 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
12 Month Certificate	0.50%	0.50%	12 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
6 Month Certificate	0.40%	0.40%	6 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
3 Month Certificate	0.25%	0.25%	3 Months
Min Balance $1,000 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%

Midland Federal S&L Savings Rates

Product	Rate	APY
Christmas Club	0.10%	0.10%
Min Deposit $5 Min Balance $0 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
Club Plus	0.10%	0.10%
Min Deposit $100 Min Balance $250 Details Balances of $250.00 and over Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%

Midland Federal S&L Money Market Rates

Product	Rate	APY
Money Market Accounts	0.10%	0.10%
Min Deposit $2,500 Min Balance $500 Details $2,500.00 and over Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
Money Market Accounts	0.05%	0.05%
Min Deposit $2,500 Min Balance $500 Details $500 - $2,499.99 Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%

Midland Federal S&L Home Equity & HELOC

Product	Rate	Points	APR	Term
Fixed Rate Home Equity Loan / Home Improvement Loans	9.25%	-	9.54%	120 Months
No additional details. Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%
Fixed Rate Home Equity Loan / Home Improvement Loans	9.50%	-	9.72%	180 Months
No additional details. Last Updated 09/07/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.17%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Midland Federal S&L’s Texas Ratio fell from 6.74% in Q3 2023 to 5.17% in Q2 2026, so its financial health has improved over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A to A+. Lower Texas Ratios are healthier; the amber line marks the 15% level a bank must stay under to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy threshold

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$111M	5.17%	5.0	A+
March 31, 2026	$116M	5.66%	5.0	A+
December 31, 2025	$117M	4.70%	5.0	A+
September 30, 2025	$120M	4.78%	5.0	A+
June 30, 2025	$122M	4.41%	5.0	A+
March 31, 2025	$121M	5.07%	5.0	A+
December 31, 2024	$120M	5.52%	5.0	A+
September 30, 2024	$115M	6.60%	5.0	A
June 30, 2024	$115M	7.02%	5.0	A
March 31, 2024	$116M	6.43%	5.0	A
December 31, 2023	$117M	6.53%	5.0	A
September 30, 2023	$118M	6.74%	5.0	A

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Midland Federal S&L is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Midland Federal S&L rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Midland Federal S&L's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Midland Federal S&L

Bank Holding Company MIDLAND CAPITAL HOLDINGS CORP

Address 8929 S Harlem Ave, Bridgeview, IL 60455 · Cook

Website https://www.midlandfederal.com/

FDIC Certificate # 29980

Established 19140101

FDIC Insurance Date 19890809

Domestic Offices 4

Total Branches 4

Regulator OCC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 97/100

5.0

Exceptional Out of 5.0 Stars

5.17%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) -3.9607%

Return on Equity (ROE) -45.1300%

Non-Performing Loans (NPL) 0.45%

Total Assets $111,234,000

Total Deposits $100,060,000

Equity Capital $9,663,000

Net Income $-2,272,000

Headquarters Bridgeview

Total Branches and Offices 4

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

Midland Federal S&L earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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       width="160" height="160">
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Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Frequently Asked Questions About Midland Federal S&L

How many branches does Midland Federal S&L operate?

Midland Federal S&L currently maintains approximately 4 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Midland Federal S&L does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Midland Federal S&L provides members with tools to manage their accounts and build a solid financial history.

Does Midland Federal S&L offer online and mobile banking?

Most modern institutions like Midland Federal S&L provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.midlandfederal.com/.