Goal Setter Account
Smart financial habits that pay off. Stay focused on your goals as you build credit with consistent payments—one step at a time.
Build Your Goals—and Your Credit History.
Building credit doesn’t have to feel out of reach. With the Goal Setter Account, every on-time payment moves you forward—helping you grow your savings, earn interest, and get closer to your goals.
A Loan That Gives Back: How It Works
The Goal Setter Account helps you build credit while growing your savings in five simple steps:
- Apply for Loan—Take out a short-term loan to fund your Certificate of Deposit (CD).
- Set Up Your CD—Your loan proceeds are placed in a CD, keeping your savings safe.
- Pay Month-by-Month—Make consistent, on-time payments toward your loan balance.
- Build Your Credit—Your payment activity is reported to credit bureaus. *
- Enjoy Your Savings— At the end of the loan term, receive the CD funds plus any interest earned.
By following these steps, you’re not just borrowing—you’re actively saving and building stronger credit.
Why Choose a Goal Setter Account?
Financial goals look different for everyone, and we want to help you reach that next milestone. A Goal Setter Account can help you:- Build or repair your credit
- Earn interest while making payments
- Work toward financial goals
- Save for a big purchase or event
- Develop strong financial habits
Ready. Set. Goal.
Ready to take the next step toward stronger financial habits? Stop by your local First Mid branch or contact us to learn how a Goal Setter Account can help.
*Payment history on the Goal Setter loan account will be reported to the credit bureaus. The payment history associated with this account will be reflected on the borrower’s credit report.
Timely payments may demonstrate positive payment behavior, potentially enhancing the borrower’s credit profile. However, late payments or non-payment may result in negative reporting to the credit bureaus, which could adversely affect the borrower’s credit history.