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CD & Money Markets

Looking for a secure investment to boost your savings? CDs are a well-established tool for capturing a higher rate of interest. The average time of investment ranges from one to 60 months.

Flex CD

A flexible term, variable rate CD requires a $100 minimum deposit. The rate is determined by the time invested. The interest rate can change in your account at any time. You may add to the principal of the certificate at any time. Interest will be compounded on the calendar quarter.

Terms available for 12, 18 and 24 months.

Certificate of Deposit Account Registry Service (CDARS)

If you’re searching for a way to keep large deposits safe, CDARS is for you. That’s because, with CDARS, you can receive up to $50 million in FDIC protection.

How it works:

When you deposit a large amount at MidWestOne Bank, we place your funds into CDs issued by CDARS network members. This gives us the ability to provide you with access to up to $50 million in FDIC insurance.

For more information or to enroll in CDARS, check out this link or contact us.

Money Markets

With the MidWestOne Money Market, enjoy the flexibility of limited check writing, with a higher rate.

  • $1,000 minimum balance to open
  • $8 monthly service charge, waived with $1,000 minimum daily balance
  • Check writing
  • Build your balance with automatic transfers from a checking account or with Bank Your Change
  • Earns interest at a tiered rate (link to deposit rates)
  • Online Banking
  • Mobile Banking
  • Tie to a checking account for overdraft services