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.

 

Smart Savings

The perfect 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, or 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

 

Health Savings Accounts

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.

 

Education Savings Accounts

We’re proud to offer the Coverdell Savings account to help you save and pay for qualified elementary, secondary, or post-secondary education expenses.

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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.

 

1Federal law requires that you can make no more than six (6) pre-authorized debits or checks per calendar month from your savings or money market account. Please refer to the Electronic Funds Transfer Agreement and Disclosure for a definition of pre-authorized debits. 2A transaction fee will not be imposed for the first three (3) debits each month. Additional debits are $1.00 each and the fee will be added to the monthly service charge calculation displayed on your periodic statement. 3You will be charged $15 for each pre-authorized debit or check that exceeds the six (6) limit each calendar month. ATM withdrawals and withdrawals made in person at any banking center location do not count towards this limitation.