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We offer a variety of personal savings accounts designed to help you achieve your financial goals. Whether you’re saving for a rainy day, planning for a major purchase, or building capital for your child, we have the perfect account for you. Our savings accounts come with competitive interest rates, flexible terms, and easy access to your funds, making it simple and rewarding to save.

Statement Savings

Our popular Statement Savings accounts require $100 minimum to open and $100 monthly minimum balance.

Personal Money Market

Enjoy the benefits of higher yield money market rates with the flexibility that allows you to have access to your money.

Certificate of Deposit (CDs)

Midwest BankCentre offers a full range of CDs, which provide a higher interest rate than most Money Market and Statement Savings accounts.

Youth Savings

Our Youth Savings account is the perfect way to teach your children how to save and set them on the path to financial success — with just $5 minimum to open, no monthly service charge, and no minimum balance.

Christmas Club

Christmas Club accounts are a great way to eliminate the worry of credit card bills showing up after the holidays.

Account Product Name

Tiers

Interest Rate 1

APY*

Statement Savings

$0.00 – $9,999,990.30%0.30%
$10,000 and up0.30%0.30%

Christmas Club

Up to $5,200.000.05%0.05%

Youth Savings 2

$0.00 – $1,000.004.90%5.01%
$1,000.01 and up0.10%0.10%

Money Market Tiers

Interest Rate1

APY*

$1,000.00-$9,999.990.25%0.25%
$10,000.00-$24,999.990.50%0.50%
$25,000.00-$49,999.990.90%0.90%
$50,000.00-$99,999.99 1.39%1.40%
$100,000.00 +1.49%1.50%

Rates shown apply to daily balances indicated. The interest rates for Savings and Money Market products may change after account opening. Daily balance refers to the amount of the principal in the account each day.

Youth Savings is a tiered, interest-bearing savings account. The interest rate and corresponding annual percentage yield (APY) are tiered. If the daily balance in the account is $1000.00 or less, the interest rate paid on the entire balance will be 4.90% with an annual percentage yield of 5.01%. An interest rate of 0.10% will be paid only for that portion of your daily balance that is greater than $1000.00. The annual percentage yield for this tier will range from 5.01% to 0.10%, depending on the balance in the account. (APY calculations are based on a total deposit balance of $10,000.) Rate is effective as of 12/04/2024. $5.00 minimum opening deposit is required. Rates are variable and are subject to change at the bank’s discretion. Rates are calculated on a daily balance method. Limited to one Youth Savings account per child. At the age of seventeen (17), the account will be converted to a Statement Savings account and will be assessed a $3.00 service charge if the balance falls below $100.00 at any time during the statement cycle.

*APY is the Annual Percentage Yield.

Open a savings account with Midwest BankCentre and take the first step towards achieving your financial goals. Enjoy competitive interest rates, easy access, and personalized service. If you need help opening an account or have questions, reach out to us and we’d be happy to assist.