Consumer Savings
Make savings easy with our Consumer Savings account. You’ll earn interest and have access to our mobile banking tools.
Standard Features
| Features | |
|---|---|
| Minimum balance to open | $100 |
| Minimum daily balance | $100 |
| Monthly Service charge | $2, if minimum daily balance is not met |
| Earns interest1 | Yes |
| Activity Service Charge Fee2 | $10 each statement cycle exceeding 6 transactions |
| Electronic statements | No fee |
| Online and mobile banking3 | Yes |
| ATM card available | Yes, $5 initial set up fee, $1 monthly |
| Withdrawals from MidWestOne ATMs | No fee |
| Withdrawals from non-MidWestOne ATMs | $1/withdrawal |
Optional Features
| Paper statements (Non-image) | No Fee |
| Paper Statements (Image) | Not available |
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.