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Money Market

Home Personal Banking Savings Money Market Account

Money Market Account

Have confidence in a secure investment with limited check writing and a higher rate.

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Standard Features

Minimum balance to open$1,000
Minimum daily balance


Monthly service charge4$8, if minimum daily balance is not met4
Earns interest1,2Yes, tiered rate structure
Withdrawal/transfer availability3,46 no fee, then $10 per statement cycle4
Electronic statementsNo fee
Paper statementsNo fee
Online and mobile bankingNo fee, message and data rates may apply
ATM card availableYes, $5 initial set up, $1 monthly
Withdrawals from MidWestOne ATMsNo fee
Withdrawals from non-MidWestOne ATMs

5 no fee withdrawals per statement cycle; $1/withdrawal after 5


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1Daily Balance Method used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day.

2Interest rates are variable and subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please refer to our Deposit Rates for current interest rates and annual percentage yields based on designated balance tiers.

3Transfers from these accounts to another account or to a third party by preauthorized, automatic, online or telephone transfer, by check or similar order are limited to six per calendar month. If these transaction limitations are exceeded three times in a 12-month period, the account will be closed or converted to another type of transaction account allowing unlimited third-party transfers. There is a $10 service charge for each monthly statement cycle for excess activity of more than six withdrawals/transfers per statement cycle.

4Sales tax may apply for accounts maintained in Iowa.