Savings Accounts
"Saving for a rainy day" has always been good practice. At Midwest Bank, you’ll find various savings account options, including our Relationship Savings Account, which gives you an interest rate "boost" for maintaining additional related qualified account types.(1)
With low minimum balances, competitive yields, and convenient access to your money, saving makes sense at Midwest Bank.
| Passbook Savings | Statement Savings | Relationship Savings | Minor Savings (Passbook) | Minor Savings (Statement) | |
|---|---|---|---|---|---|
| Minimum balance to open | $200 | $200 | $1,000 | $1.00 | $1.00 |
| Interest Rate and APY(2) | Variable interest rate and APY. Quarterly compounding of interest. | Variable interest rate and APY. Monthly compounding of interest. | Variable interest rate and APY. Interest rate and APY may increase based on additional accounts the customer maintains with the Bank. Monthly compounding of interest. | Variable interest rate and APY. Quarterly compounding of interest. | Variable interest rate and APY. Monthly compounding of interest. |
| Service Charge | $15.00 quarterly service charge if daily balance falls below $200 at any time during the quarter | $5.00 monthly service charge if daily balance falls below $200 at any time during the statement period | $5.00 monthly service charge if daily balance falls below $1,000 at any time during the statement period | None | None |
| Debit fee | $2.00 per withdrawal in excess of 18 per quarter | $2.00 per withdrawal in excess of 6 during the statement period | $2.00 per withdrawal in excess of 6 during the statement period | None | None |
| ATM fees | ATM card is not available | $1.00 fee for each deposit, withdrawal or inquiry at all non-Midwest Bank owned machines outside the Allpoint® STARsf® network | $1.00 fee for each deposit, withdrawal or inquiry at all non-Midwest Bank owned machines outside the Allpoint® STARsf® network | ATM card is not available | $1.00 fee for each deposit, withdrawal or inquiry at all non-Midwest Bank owned machines outside the Allpoint® STARsf® network |
(1)See a Personal Banker for information on qualified account types
(2)Annual Percentage Yield
Midwest Bank serves the five-county Chicagoland area. To better serve our customers, Midwest Bank reserves the right to limit its account (including Certificate of Deposit) offerings to that area and also to solicit loans only in that area.
