APY = Annual Percentage Yield. Rates effective as of 10/01/2020. 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** 0.40% 0.40%
182 Day* $1,000 $1,000** 0.50% 0.50%
12 Month* $1,000 $1,000** 0.55% 0.55%
24 Month* $1,000 $1,000** 0.65% 0.65%
30 Month* $1,000 $1,000** 0.70% 0.70%
36 Month* $1,000 $1,000** 0.75% 0.75%
48 Month* $1,000 $1,000** 0.85% 0.85%
60 Month* $1,000 $1,000** 1.00% 1.00%
12 Month ($25,000 or more)* $25,000 $25,000** 0.70% 0.70%
24 Month ($25,000 or more)* $25,000 $25,000** 0.80% 0.80%
36 Month ($25,000 or more)* $25,000 $25,000** 0.90% 0.90%
48 Month ($25,000 or more)* $25,000 $25,000** 1.00% 1.00%
60 Month ($25,000 or more)* $25,000 $25,000** 1.15% 1.15%
30 Month Adjust-A-Rate*++ $5,000 $5,000** 0.65% 0.65%
17 Month "Special"* $5,000 $5,000** 0.90% 0.90%
54 Month "Special"* $5,000 $5,000** 1.19% 1.20%

*   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** 0.10% 0.10%
$50,000 - $99,999.99 $500 $0.01** 0.15% 0.15%
$100,000+  $500 $0.01** 0.20% 0.20%

~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** 0.10% 0.10%
$50,000 - $99,999.99 $100 $0.01** 0.15% 0.15%
$100,000+  $100 $0.01** 0.20% 0.20%

~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** 0.10% 0.10%
Midwest Advantage Plus Checking $100 $500** 0.10% 0.10%
Midwest HSA Checking $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

 

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** 0.30% 0.30%
$50,000 - $99,999.99 $1,000 $0.01** 0.35% 0.35%
$100,000 - $249,999.99 $1,000 $0.01** 0.40% 0.40%
$250,000 - $499,999.99 $1,000 $0.01** 0.45% 0.45%
$500,000 - $999,999.99 $1,000 $0.01** 0.45% 0.45%
$1,000,000+ $1,000 $0.01** 0.45% 0.45%

~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** 0.30% 0.30%
$50,000 - $99,999.99 $1,000 $0.01** 0.35% 0.35%
$100,000 - $249,999.99 $1,000 $0.01** 0.40% 0.40%
$250,000 - $499,999.99 $1,000 $0.01** 0.45% 0.45%
$500,000 - $999,999.99 $1,000 $0.01** 0.45% 0.45%
$1,000,000+ $1,000 $0.01** 0.45% 0.45%

~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**  1.00% 1.00%

~ 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** 0.55% 0.55%
24 Month* $1,000 $1,000** 0.65% 0.65%
36 Month* $1,000 $1,000** 0.75% 0.75%
48 Month* $1,000 $1,000** 0.85% 0.85%
60 Month* $1,000 $1,000** 1.00% 1.00%

*A penalty may be imposed for early withdrawal.

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

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