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Compare Savings Accounts

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FeaturesPower SavingsConsumer SavingsMoney MarketClubOneGoal Savings
Minimum opening balance$100$100$1,000$10$25
Minimum daily balanceNone$100$1,000NoneNone
Monthly service charge$0$2, if account falls below daily minimum balance$8, if account falls below daily minimum balance4$0$0
Earns interest1Yes - tieredYesYes - tieredYesYes
Activity Service Charge Fee2$10 each statement cycle exceeding 6 transactions$10 each statement cycle exceeding 6 transactions$10 each statement cycle exceeding 6 transactions4None1 no fee withdrawal/transfer per statement cycle, then $3 each thereafter
Electronic statementsNo feeNo feeNo feeNo feeNo fee
Paper statementsNo feeNo fee No feeNo feeNo fee
Online and mobile banking3YesYesYesYesYes
Mobile depositYesYesYesYesYes
ATM card available$5 initial set up fee, $1 monthly$5 initial set up fee, $1 monthly$5 initial set up fee, $1 monthlyNoNo
Other featuresInterest from the linked Power Checking will transfer to Power Savings each month.

Power Checking ATM refunds will post directly to Power Savings after the Power Checking Qualifications are met.

To earn higher interest tiers, Power Savings must be linked to a Power Checking account and meet the Power Checking Qualifications each month. 

Must be age 18 or younger.

Converts to  Consumer Savings automatically at age 18.

Aggregate deposits of $25.00 per month required.

Must have a MidWestOne personal Checking Account.

Converts ro Consumer Savings if monthly minimum deposit requirements not met for three consecutive months.


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1Interest begins to accrue the business day we receive credit for the deposit of non-cash items (i.e. checks). Interest is compounded and paid monthly on the last day of your statement cycle. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the available balance in the account each day. The interest rate is variable and subject to change at the bank's discretion. The annual percentage yield may vary due to interest rate changes and fees. Refer to our Deposit Rates for current interest rates and annual percentage yields.

2Assessed each monthly statement cycle for activity of more than six (6) withdrawals/transfers per statement cycle.

3Message and data rates may apply.

4Iowa state sales tax may apply for accounts maintained in Iowa.