APY = Annual Percentage Yield. Rates effective as of 05/01/2022. Fees may reduce earnings.

Certificates of Deposit (CDs) ~++ Learn More

Term Minimum Opening Deposit Minimum Balance to Obtain APY Interest Rate APY
91 Day* $1,000 $1,000** 0.25% 0.25%
182 Day* $1,000 $1,000** 0.30% 0.30%
12 Month* $1,000 $1,000** 0.35% 0.35%
24 Month* $1,000 $1,000** 0.45% 0.45%
30 Month* $1,000 $1,000** 0.50% 0.50%
36 Month* $1,000 $1,000** 0.55% 0.55%
48 Month* $1,000 $1,000** 0.65% 0.65%
60 Month* $1,000 $1,000** 0.65% 0.65%
12 Month ($25,000 or more)* $25,000 $25,000** 0.50% 0.50%
24 Month ($25,000 or more)* $25,000 $25,000** 0.60% 0.60%
36 Month ($25,000 or more)* $25,000 $25,000** 0.70% 0.70%
48 Month ($25,000 or more)* $25,000 $25,000** 0.80% 0.80%
60 Month ($25,000 or more)* $25,000 $25,000** 0.80% 0.80%
30 Month Adjust-A-Rate*++ $5,000 $5,000** 0.45% 0.45%
17 Month "Special"* $5,000 $5,000** 0.55% 0.55%
54 Month "Special"* $5,000 $5,000** 0.85% 0.85%

 

~ Fees could reduce the earnings on the account.

*   A penalty may be imposed for early withdrawal.

** Daily balance. The amount of principal in the account each day.

++The interest rate and APY may change after account opening.

Midwest Rewards Checking++ Learn More

Balance Minimum Opening Deposit Minimum Balance to Obtain APY Interest Rate APY
If requirements are met, interest paid on balances up to $25,000 $100 $0.01** 1.50% 1.51%
If requirements are met, interest paid on portion of balance above $25,000 $100 $0.01** 0.20% 0.20%^
All balances if qualifications NOT met $100 $0.01** 0.10% 0.10%

Rewards Checking Requirements per Monthly Qualification Cycle:
Have at least one posted direct deposit; be enrolled to receive electronic statements; Have a minimum of 10 posted debit card purchases. 

^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% interest rate on the portion of balance of $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. 

**Daily balance. The amount of principal in the account each day

++ The interest rate and annual percentage yield may change after account opening.

Midwest Interest Checking~++ Learn More

Daily Balance Minimum to Open Minimum Balance to Obtain APY Interest Rate APY
$0.01 - $9,999.99 $500 $0.01** 0.05% 0.05%
$10,000 - $49,999.99 $500 $0.01** 0.05% 0.05%
$50,000 - $99,999.99 $500 $0.01** 0.10% 0.10%
$100,000+  $500 $0.01** 0.15% 0.15%

~Fees could reduce earnings on the account

**Daily balance. The amount of principal in the account each day.

++The interest rate and annual percentage yield may change after account opening. 

Midwest Commercial Checking with Interest~++ Learn More

Daily Balance Minimum to Open Minimum Balance to Obtain APY Interest Rate APY
$0.01 - $9,999.99 $100 $0.01** 0.05% 0.05%
$10,000 - $49,999.99 $100 $0.01** 0.05% 0.05%
$50,000 - $99,999.99 $100 $0.01** 0.10% 0.10%
$100,000+  $100 $0.01** 0.15% 0.15%

~Fees could reduce earnings on the account

**Daily balance. The amount of principal in the account each day.

++The interest rate and annual percentage yield may change after account opening. 

Checking Accounts~++

Account Minimum to Open Minimum Balance to Obtain APY Interest Rate APY
Midwest Advantage Checking $100 $500** 0.05% 0.05%
Midwest Advantage Plus Checking $100 $500** 0.05% 0.05%
Midwest HSA Checking $100 $0.01** 0.10% 0.10%

~Fees could reduce earnings on the account

**Daily balance. The amount of principal in the account each day.

++ The interest rate and annual percentage yield may change after account opening

 

Money Market Savings~++ Learn More

Daily Balance Minimum to Open Minimum Balance to Obtain APY Interest Rate APY
$0.01 - $9,999.99 $1,000 $0.01** 0.15% 0.15%
$10,000 - $49,999.99 $1,000 $0.01** 0.15% 0.15%
$50,000 - $99,999.99 $1,000 $0.01** 0.20% 0.20%
$100,000 - $249,999.99 $1,000 $0.01** 0.25% 0.25%
$250,000 - $499,999.99 $1,000 $0.01** 0.40% 0.40%
$500,000 - $999,999.99 $1,000 $0.01** 0.40% 0.40%
$1,000,000+ $1,000 $0.01** 0.40% 0.40%

 

~Fees could reduce earnings on the account

**Daily balance. The amount of principal in the account each day.

++The interest rate and annual percentage yield may change after account opening. 

Midwest Business Money Market ~++ Learn More

Daily Balance Minimum to Open Minimum Balance to Obtain APY Interest Rate APY
$0.01 - $9,999.99 $1,000 $0.01** 0.15% 0.15%
$10,000 - $49,999.99 $1,000 $0.01** 0.15% 0.15%
$50,000 - $99,999.99 $1,000 $0.01** 0.20% 0.20%
$100,000 - $249,999.99 $1,000 $0.01** 0.25% 0.25%
$250,000 - $499,999.99 $1,000 $0.01** 0.40% 0.40%
$500,000 - $999,999.99 $1,000 $0.01** 0.40% 0.40%
$1,000,000+ $1,000 $0.01** 0.40% 0.40%

~Fees could reduce earnings on the account

**Daily balance. The amount of principal in the account each day.

++The interest rate and annual percentage yield may change after account opening. 

Savings Accounts~++

Account Minimum Deposit to Open Minimum Balance to Obtain APY Interest Rate APY
Midwest Savings~ $100 $0.01** 0.10% 0.10%
Midwest Business Savings~ $100 $0.01**  0.10% 0.10%
Midwest Young Savers $0 $0.01**  0.10% 0.10%
Midwest IRA Savings $100 $0.01**  0.50% 0.50%

~ Fees could reduce earnings on the account.

**Daily balance. The amount of principal in the account each day.

++The interest rate and annual percentage yield may change after account opening.

Individual Retirement Accounts (IRAs) ~ Learn More

Term Minimum Opening Deposit Minimum Balance to Obtain APY Interest Rate APY
12 Month IRA CD* $1,000 $1,000** 0.35% 0.35%
24 Month* $1,000 $1,000** 0.45% 0.45%
36 Month* $1,000 $1,000** 0.55% 0.55%
48 Month* $1,000 $1,000** 0.65% 0.65%
60 Month* $1,000 $1,000** 0.65% 0.65%

~Fees could reduce the earnings on the account.

*A penalty may be imposed for early withdrawal.

**Daily balance. The amount of principal in the account each day.

 

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