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Power Savings

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Power Savings

Empower your savings with our Power Savings account. You’ll earn a higher rate of interest when linked to your Power Checking account and the Power Checking Qualifications are met each month.

Open Account

Standard Features

Features 
Minimum balance to open$100
Minimum daily balanceNone
Monthly Service charge$0
Earns interest1Yes, see Power Savings rates.
Activity Service Charge Fee2$10 each statement cycle exceeding 6 transactions
Electronic statementsNo fee
Paper statementsNo fee
Online and mobile banking3Yes
ATM card availableYes, $5 initial set up fee, $1 monthly
Withdrawals from MidWestOne ATMsNo fee
Withdrawals from non-MidWestOne ATMs$1/withdrawal
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 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.

 

Open Account

 

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.