Maximizer Savings
Make your interest rise.
With our new Maximizer Savings Account* you can earn much more than the current Passbook or Statement savings account rates. The interest rate on your Maximizer Savings will be based on the total aggregate deposit balance in other qualified personal accounts** at Midwest Bank. Qualified personal accounts may include: Checking, Savings, Money Markets, CDs and IRAs.
As you can see from the chart, your Maximizer Account could earn as much as 0.75% on top of the current Maximizer Savings base rate.
| Aggregated Balances in Qualified Accounts |
Interest Rate Bump |
|---|---|
| $0.00 - $999.99 | N/A |
| $1,000 - $14,999.99 | Base Rate |
| $15,000 - $49,999.99 | Base Rate + 0.40% |
| $50,000 - $99,999.99 | Base Rate + 0.75% |
| $100,000 - $249,999.99 | Base Rate + 0.75% |
| $250,000 - $499,999.99 | Base Rate + 0.75% |
| $500,000 and above | Base Rate + 0.75% |
To start earning more today, stop by your nearest Midwest Bank branch. If you have any questions, please call our Customer Care Center at 1-877-U-Belong (823-5664).
*Available to personal accounts only. $1,000 minimum deposit required to open and obtain the Annual Percentage Yield (APY). The base interest rate on the Maximizer Savings account is variable, and subject to change after your account is opened. Your adjusted interest rate and APY are subject to change based on changes to the base interest rate or the total aggregate balance in qualified deposit accounts. Fees may reduce earnings on this account. Transaction limitations may apply.
**Qualified deposit accounts are based on the account titling of the Maximizer Savings account. Qualified account titling examples include: accounts titled exactly the same as the Maximizer Savings account; or any accounts where the Primary or Joint account holder on the Maximizer Savings is a sole owner, a Primary signer of a joint account or a Trustee of a Formal Trust. Beneficiaries on Payable on Death (POD) accounts are excluded from aggregated balances and therefore do not qualify for interest rate bump.
