Keep your finances moving.
With Midwest Bank on your team, ACH and wire services are a fast and reliable way to send your funds to anyone.
Benefits You’ll Love
- Quickly send and receive payments with minimal delays
- Gain more control over your payments
- Streamline your cash flow with recurring payments or transfers
- Eliminate your expense of paper checks
- Make and receive vendor payments electronically
- Ideal for businesses with a high volume of recurring receivables, including:
- Monthly dues
- Payments
- Premiums
- More efficient and accurate processing
- Directly deposit employee payroll
- Streamline recordkeeping
- Eliminates waste and expense of paper checks
- More closely predict your overall cash flow
- Wire funds, hassle-free:
- Easy, same-day, safe movement of funds
- Move money locally, regionally, nationally, or even internationally
- Schedule one-time transfers or create recurring templates for future use
- View ACH & Wire confirmation details
- Receive email notifications to multiple email addresses
- Secure, convenient, and easy to use!
Approval required — Additional fees may apply.
Learn More
Looking for more information on our cash management services? Give this User Guide a look.
Use this calculator to determine your projected earnings from our Midwest Rewards Checking account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
CD (Certificate of Deposit) IRA CD's (Individual Retirement Account) and HSA CD's (Health Savings Account)
| Term | Minimum Opening Deposit | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| 91 Day*#~ | $500 | $500** | 3.45% | 3.49% |
| 182 Day*#~ | $500 | $500** | 3.45% | 3.50% |
| 12 Month*#~ | $500 | $500** | 3.41% | 3.45% |
| 12 Month ($25,000 or more)*#~ | $25,000 | $25,000** | 3.55% | 3.60% |
| 24 Month*#~ | $500 | $500** | 3.31% | 3.35% |
| 24 Month ($25,000 or more)*#~ | $25,000 | $25,000** | 3.45% | 3.50% |
| 30 Month*#~ | $500 | $500** | 3.36% | 3.40% |
| 36 Month*#~ | $500 | $500** | 3.31% | 3.35% |
| 36 Month ($25,000 or more)*#~ | $25,000 | $25,000 | 3.45% | 3.50% |
| 48 Month*#~ | $500 | $500** | 3.36% | 3.40% |
| 48 Month ($25,000 or more)*#~ | $25,000 | $25,000 | 3.50% | 3.55% |
| 60 Month*#~ | $500 | $500** | 3.41% | 3.45% |
| 60 Month ($25,000 or more)*#~ | $25,000 | $25,000 | 3.55% | 3.60% |
| 7 Month "Special"*#~ | $500 | $500** |
3.94% |
4.00% |
| 11 Month "Special"*#~ | $500 | $500** | 3.75% | 3.80% |
| 54 Month "Special"*#~ | $500 | $500** | 3.75% | 3.80% |
* A penalty may be imposed for early withdrawal.
** Daily balance. The amount of principal in the account each day.
++The interest rate and APY may change after account opening.
~ IRA/HSA transfer fee could reduce the earnings on the CD account.
# Total annual contributions for IRA and HSA CD's may not exceed maximum allowable by law.
Checking Accounts
| Account | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| Midwest HSA Checking~++ | $100 | $0.01** | 0.40% | 0.40% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++ The interest rate and annual percentage yield may change after account opening
Midwest Business Checking with Interest
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $100 | $0.01** | 0.20% | 0.20% |
| $10,000 - $49,999.99 ~++ | $100 | $0.01** | 0.25% | 0.25% |
| $50,000 - $99,999.99 ~++ | $100 | $0.01** | 0.30% | 0.30% |
| $100,000 - $999,999,999.99 ~++ | $100 | $0.01** | 0.40% | 0.40% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Midwest Business Money Market
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $1,000 | $0.01** | 1.49% | 1.50% |
| $10,000 - $49,999.99 ~++ | $1,000 | $0.01** | 1.74% | 1.75% |
| $50,000 - $99,999.99 ~++ | $1,000 | $0.01** | 2.23% | 2.25% |
| $100,000 - $249,999.99 ~++ | $1,000 | $0.01** | 2.72% | 2.75% |
| $250,000 - $499,999.99 ~++ | $1,000 | $0.01** | 2.81% | 2.85% |
| $500,000 - $999,999.99 ~++ | $1,000 | $0.01** | 3.11% | 3.15% |
| $1,000,000 - $4,999,999.99 ~++ | $1,000 | $0.01** | 3.20% | 3.25% |
| $5,000,000 - $999,999,999.99 ~++ | $1,000 | $0.01** | 3.20% | 3.25% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Midwest Interest Checking
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $500 | $0.01** | 0.20% | 0.20% |
| $10,000 - $49,999.99 ~++ | $500 | $0.01** | 0.25% | 0.25% |
| $50,000 - $99,999.99 ~++ | $500 | $0.01** | 0.30% | 0.30% |
| $100,000 - $999,999,999.99 ~++ | $500 | $0.01** | 0.40% | 0.40% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Midwest Rewards Checking ++
| Balance | Minimum Opening Deposit | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| If requirements are met, interest paid on balances up to $25,000 | $100 | $0.01** | 4.00% | 4.07% |
| If requirements are met, interest paid on portion of balance above $25,000 | $100 | $0.01** | 0.30% | 0.30%^ |
| All balances if qualifications NOT met | $100 | $0.01** | 0.10% | 0.10% |
Rewards Checking Requirements per Monthly Qualification Cycle:
Have at least one posted direct deposit; Be enrolled to receive electronic statements (log in to online banking a minimum of once every 365 days to maintain an active online banking account); Have a minimum of 10 posted debit card purchases.
^Earn up to 4.07% Annual Percentage Yield (APY) on balances between one penny and $25,000, and balances over $25,000 earn 0.30% interest rate on the portion of balance over $25,000, resulting in a range of 4.07% to 1.23% APY depending on the balance. If you do not meet the requirements per cycle, your account will still function as a free checking account earning 0.10% APY.
**Daily balance. The amount of principal in the account each day
++ The interest rate and annual percentage yield may change after account opening.
Money Market Savings
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $1,000 | $0.01** | 1.49% | 1.50% |
| $10,000 - $49,999.99 ~++ | $1,000 | $0.01** | 1.74% | 1.75% |
| $50,000 - $99,999.99 ~++ | $1,000 | $0.01** | 2.23% | 2.25% |
| $100,000 - $249,999.99 ~++ | $1,000 | $0.01** | 2.72% | 2.75% |
| $250,000 - $499,999.99 ~++ | $1,000 | $0.01** | 2.81% | 2.85% |
| $500,000 - $999,999.99~++ | $1,000 | $0.01** | 3.11% | 3.15% |
| $1,000,000 - $4,999,999.99 ~++ | $1,000 | $0.01** | 3.20% | 3.25% |
| $5,000,000 - $999,999,999.99~++ | $1,000 | $0.01** | 3.20% | 3.25% |
~ Fees could reduce the earnings on the account, including IRA/HSA transfer fees.
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Savings Accounts
| Account | Minimum Deposit to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| Midwest Savings~++ | $100 | $0.01** | 0.50% | 0.50% |
| Midwest Business Savings~++ | $100 | $0.01** | 0.50% | 0.50% |
| Midwest Young Savers ++ | $0 | $0.01** | 0.50% | 0.50% |
| Midwest IRA Savings~++ | $100 | $0.01** | 2.96% | 3.00% |
~ Fees could reduce earnings on the account.
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.