Reach your financial goals and create a safety net with a savings account from Bank Midwest. With as little as $25 to open, you can be on your way to establishing positive savings habits and handling life’s unexpected expenses. Choose one of our solutions based on your goals and needs.
The perfect tiered-interest rate account to help you build up your personal savings, especially if you’re just starting out. Open an account with $25 and there’s no monthly service charge if you maintain a minimum daily balance of $300, or maintain an average daily balance of $600, or make deposits and transfers totaling $25 each month. Service charge is waived if you’re under 25 years of age.1,2
Personal Money Market
Enjoy interest-earning capabilities with the ability to write checks, use your debit card and utilize online or mobile bill pay. Open an account with $100 and there’s no monthly service charge if you maintain a minimum daily balance of $2,500, or maintain an average daily balance of $5,000.1,3
Premium Money Market
Our highest earning account will help you grow your balances faster while still giving you access to many of the great features of our checking accounts. Open an account with $1,000 and avoid the monthly service charge by maintaining a minimum daily balance of $5,000, or maintain an average daily balance of $10,000.1,3
If you have a high-deductible health plan (HDHP), a health savings account (HSA) is a useful way to save for medical expenses and reduce your taxable income. Saving through an HSA is an efficient way to establish peace of mind for your medical future and provides a convenient way to pay qualified medical expenses through a Visa debit card or check. Contact your local banking center to learn more. Learn more about Health Savings accounts.
Education Savings Accounts
Certificates of Deposit
With a minimum balance of $500 and terms as short as 91 days, CDs offer stability and compound interest either yearly or upon maturity. Interest can also be paid electronically to another bank account monthly, quarterly, semi-annually, annually or at maturity. Contact your local banking center to apply today.