Bring home up to a 1.51%^ APY on top of already-free checking. Plus, get reimbursed for your ATM fees, not just in Minnesota — that's nationwide!* Reward Checking puts more of your cash back where in belongs, where you can spend it. Meet easy monthly qualifications and earn real rewards. It's simple. Check out the Rewards Checking Calculator.

2016 Monthly Qualifications Calendar

2017 Monthly Qualifications Calendar

Midwest Reward Checking Details:

  • 1.51% APY on balances up to $25,000 if requirements are met*
  • 0.20%^ APY paid on balances above $25,000 depending on balance in account. -if requirements are met*
  • 0.10% APY if requirements are not met
  • Minimum balance to obtain APY is $.01
  • Interest compounded monthly and credited monthly
  • Automatically rebated domestic ATM fees up to $4.99 with no receipt required* (must meet Rewards Checking requirements) ATM receipt must be presented for reimbursement of an ATM fee of $5.00
  • No monthly service charges
  • Free Online Banking & Basic Bill Pay; however, fees may apply to Bill Pay overnight check deliveries and Popmoney
  • Free Mobile Banking
  • Monthly itemized statement
  • Free check imaging (upon request)
  • ATM/Debit card
  • Free Midwest Bank checks or $5 discount on other styles
  • ID Theft Resolution (Provided by your local Midwest Bank office)
  • Low $100 minimum deposit to open
  • Limited service area

Easy, Penalty-free Qualifications!

There's never a fee for missing your monthly qualifications. Rather straightforward requirements are your path to a higher rate and unlimited refunds on ATM fees.* To earn your complete rewards, just do the following during each monthly qualification cycle:

  • Have at least one Direct Deposit post and settle
  • Have at least 10 debit card purchases post and settle
  • Be enrolled and receive electronic statements

That's it. Plus, your Rewards Checking account is always free. And you always earn at least our base-rate interest, even if you miss a month. Plus, qualify automatically for your first month of rewards when you open your account today!

Check out our current rates.

^Rate and Limitation Information: Earn up to 1.51% Annual Percentage Yield (APY) on balances between one penny and $25,000, and balances over $25,000 earn 0.20% APY on the portion of balance above $25,000 resulting in a range of 1.51% to 0.53% APY depending on the balance. *If you do not meet the requirements per cycle, your account will still function as a free checking account earning 0.10% APY; however, it will not receive automatic ATM fee refunds for that time period. In this instance you may still receive your ATM fee refunds by bringing your receipts into any Midwest Bank branch. ATM fee refunds up to $5 per item. ATM transactions do not count towards qualifying debit card purchases. Rates as of February 1, 2017. We may change the interest rate and APY at any time after the account is opened. Available to Personal Accounts only. Limit one account per Social Security number. No monthly service charge.