APY = Annual Percentage Yield. Rates effective as of 6/03/2024. Fees may reduce earnings.

CD (Certificate of Deposit) IRA CD's (Individual Retirement Account) and HSA CD's (Health Savings Account) Learn More

Term Minimum Opening Deposit Minimum Balance to Obtain APY Interest Rate APY
91 Day*#~ $500 $500** 3.45% 3.49%
182 Day*#~ $500 $500** 3.45% 3.50%
12 Month*#~ $500 $500** 3.89% 3.95%
24 Month*#~ $500 $500** 3.80% 3.85%
30 Month*#~ $500 $500** 3.80% 3.85%
36 Month*#~ $500 $500** 3.80% 3.85%
48 Month*#~ $500 $500** 3.80% 3.85%
60 Month*#~ $500 $500** 3.80% 3.85%
12 Month ($25,000 or more)*#~ $25,000 $25,000** 4.04% 4.10%
24 Month ($25,000 or more)*#~ $25,000 $25,000** 3.94% 4.00%
36 Month ($25,000 or more)*#~ $25,000 $25,000** 3.94% 4.00%
48 Month ($25,000 or more)*#~ $25,000 $25,000** 3.94% 4.00%
60 Month ($25,000 or more)*#~ $25,000 $25,000** 3.94% 4.00%
11 Month "Special"*#~ $500 $500** 5.00% 5.10%
17 Month "Special"*#~ $500 $500** 4.72% 4.81%
54 Month "Special"*#~ $500 $500** 4.09% 4.15%
30 Month Adjust-A-Rate*++#~ $5,000 $5,000** 3.50% 3.55%

 

*   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.

~ IRA/HSA transfer fee could reduce the earnings on the CD account.

# Total annual contributions for IRA and HSA CD's may not exceed maxiumum allowable by law.

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** 4.00% 4.07%
If requirements are met, interest paid on portion of balance above $25,000 $100 $0.01** 0.30% 0.30%^
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 (log in to online banking a minimum of once every 365 days to maintain an active online banking account); Have a minimum of 10 posted debit card purchases.

^Earn up to 4.07% Annual Percentage Yield (APY) on balances between one penny and $25,000, and balances over $25,000 earn 0.30% interest rate on the portion of balance over $25,000, resulting in a range of 4.07% to 1.23% 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** 0.20% 0.20%
$10,000 - $49,999.99 ~++ $500 $0.01** 0.25% 0.25%
$50,000 - $99,999.99 ~++ $500 $0.01** 0.30% 0.30%
$100,000 - $999,999,999.99 ~++  $500 $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. 

Checking Accounts

Account Minimum to Open Minimum Balance to Obtain APY Interest Rate APY
Midwest HSA Checking~++ $100 $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 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** 0.20% 0.20%
$10,000 - $49,999.99 ~++ $100 $0.01** 0.25% 0.25%
$50,000 - $99,999.99 ~++ $100 $0.01** 0.30% 0.30%
$100,000 - $999,999,999.99 ~++ $100 $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. 

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** 2.28% 2.30%
$10,000 - $49,999.99 ~++ $1,000 $0.01** 2.47% 2.50%
$50,000 - $99,999.99 ~++ $1,000 $0.01** 2.96% 3.00%
$100,000 - $249,999.99 ~++ $1,000 $0.01** 3.20% 3.25%
$250,000 - $499,999.99 ~++ $1,000 $0.01** 3.45% 3.51%
$500,000 - $999,999.99~++ $1,000 $0.01** 3.93% 4.00%
$1,000,000 - $4,999,999.99 ~++ $1,000 $0.01** 3.93% 4.00%
$5,000,000 - $999,999,999.99~++ $1,000 $0.01** 4.17% 4.25%

 

~ Fees could reduce the earnings on the account, including IRA/HSA transfer fees.

**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** 2.28% 2.30%
$10,000 - $49,999.99 ~++ $1,000 $0.01** 2.47% 2.50%
$50,000 - $99,999.99 ~++ $1,000 $0.01** 2.96% 3.00%
$100,000 - $249,999.99 ~++ $1,000 $0.01** 3.20% 3.25%
$250,000 - $499,999.99 ~++ $1,000 $0.01** 3.45% 3.51%
$500,000 - $999,999.99 ~++ $1,000 $0.01** 3.93% 4.00%
$1,000,000 - $4,999,999.99 ~++ $1,000 $0.01** 3.93% 4.00%
$5,000,000 - $999,999,999.99 ~++ $1000 $0.01** 4.17% 4.25%

 

~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** 0.55% 0.55%
Midwest Business Savings~++ $100 $0.01**  0.55% 0.55%
Midwest Young Savers ++ $0 $0.01**  0.55% 0.55%
Midwest IRA Savings~++ $100 $0.01** 3.06% 3.10%

~ 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.

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