|CALCULATORS|BANK LOCATIONS|ATM LOCATIONS|EMPLOYMENT|CUSTOMER SERVICE
Personal Savings
You're the One we want to help save for the future
No matter what your goals may be, MidWestOne Bank has a savings account that makes sense for you. We’ll help you look ahead, plan and save for your future and whatever happens along the way.
The chart below provides an overview of all MidWestOne savings accounts and their features and services. Choose the savings account that's right for you and switch to MidWestOne today!
Savings Comparison Chart
| Services | Consumer Savings | Money Market Account | Kids Club |
|---|---|---|---|
| Minimum Balance Required to Open | $100 |
$1,000 |
$10 |
| Minimum Daily Balance | $100 |
$1,000 |
$0 |
| Monthly Service Fees | $0† |
$8 if account falls below daily minimum balance |
$0 |
| Withdrawal Availability* | 6 free per calendar month, then $10 per statement cycle |
6 free per calendar month, then $10 per statement cycle |
6 per calendar month |
| Interest Earned & Compounded Monthly | Yes |
Yes |
Yes |
| Monthly Statements | Yes |
Yes |
Yes |
| Image Statements | No |
$3 |
Not available |
| Online Banking | FREE |
FREE |
FREE |
| ATM Card | FREE |
Not available |
Not available |
We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
Interest rates are variable and subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please refer to our Deposit Rates Page for current interest rates and annual percentage yields based on designated balance tiers.
MidWestOne Bank will deem your non-transactional account inactive if you do not make any deposits to, or withdrawals from, the account for a 24-month period. An inactive account remains subject to service charges and may be assessed a non-refundable monthly $5 inactivity fee. The statement cycle may also change to semi-annual with June 30 and December 31 statements.
*Transfers from these accounts to another account or to third parties by preauthorized, automatic, online or telephone transfer are limited to six per calendar month. If these transaction limitations are exceeded three times in a 12-month period, the account may be closed or converted to another type of transaction account allowing unlimited third-party transfers.
† There are no monthly maintenance fees or transaction activity fees if any one of the following occur:- You maintain a minimum daily ledger balance of $100 or greater.
- You are age 17 or younger.
If your account status does not meet at least one of the above requirements, you will be assessed the following fees:
- If the minimum daily ledger balance is $100 or less, a $2.00 monthly maintenance fee will be assessed
- There is a $10.00 fee per statement cycle in which an excess of six withdrawals occurs within that calendar month.
Kids Club
MidWestOne is excited to offer your child the opportunity to become a MidWestOne Kids Club member. With a special savings account and other extras, your child can begin building a savings habit that will last a lifetime.
As a Kids Club member your child will qualify for their own checking account and ATM card as soon as they turn 16**
Is your child under the age of 18? ** Then sign up today! Contact us at 1-800-247-4418 for more information.
**Kids Club accounts may require a parent or guardian's signature for joint ownership.
Buck's Fun Zone
