Download Acrobat Reader 5.0 or higher to view .pdf files.
Skip Navigation
Image of plan with coins in jar

Earn more $$ on your nest egg

No matter your savings goal – new car, home, education, or peace of mind – you need a savings account that helps your money grow and gives you fast access for easy withdrawals. To fund your future, Midwest BankCentre offers you several savings options.

Statement Savings

  • $100 minimum to open
  • Monthly service charge if minimum balance of $100 is not maintained per statement cycle
        Open an Account

Christmas Club

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

  • Open your account, receive a passbook to track the savings, and make regular deposits throughout the year.
  • In October, the Bank will send you a check for the amount of funds that has been saved. Then it’s time to go Christmas shopping!

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! Kids can start by depositing their allowance, birthday money or even the change from their piggy bank.

  • $5 minimum to open
  • No monthly service charge or minimum balance
  • Eligible for kids under the age of 17
  • Other restrictions may apply; see a banker for more details

Money Market Account

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

  • A total of six transactions allowed from the account each statement cycle, such as checks or withdrawals
  • Rates that increase as your balance grows (tiered rates)
        Open an Account

Rates Effective as of January 4th, 2023

Account Product Name Tiers Interest Rate 1 APY
Statement Savings
$0.00 - $9,999.99 0.30%
$10,000.00 and up
Christmas Club
Up to $5,200.00 0.05% 0.05%
Youth Savings 2
$0.00 - $1,000.00 4.90% 5.01%
$1,000.01 and up 0.10% 0.10%
Money Market Tiers Interest Rate 2 APY
$1,000.00-$9,999.99 0.25%
$10,000.00-$24,999.99 0.60%
$25,000.00-$49,999.99 1.00% 1.00%
$50,000.00-$99,999.99 1.49% 1.50%
$100,000.00 +
1.59% 1.60%

  Online Account Opening FAQs

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 January 4, 2023. $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.