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Personal Savings
Savings that Fits...You!
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.
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, then $1 per transaction |
6 free, then $1 per transaction |
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 available collected 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.
† 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
- $1.00 for each withdrawal and external transfer in excess of 6 per month.
Kids Club
Piggy Bank Getting a Little Too Heavy?
Let's face it guys, as a so-called "kid" today, you've got lots of responsibilities. Schoolwork, social life, sports, chores – it adds up! That's why MidWestOne Bank created Kids Club. It's just for YOU! Because even though you're young, you know the importance of a hard-earned buck...and piggy banks are so yesterday! Join today!
Independence is So Sweet!
When you're a member of MidWestOne Kids Club, you'll qualify for your own checking account and ATM card as soon as you turn 16!
It's Easy!
Are you 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.
