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Power Checking + Power Savings

Simply better together.

Get a $225 deposit1

when you open a new Power Checking Account.

Limited time offer! See details below. 



Checking and Savings that work together.

Checking Icon

Power Checking

Our most popular account - earn more interest and up to $15 in ATM fee refunds when qualifications are met.


Power savings

Empower your savings and earn a higher rate of interest when paired with a Power Checking account.2


24/7 Online & Mobile Banking

View accounts, transfer funds, pay bills, deposit checks and more from anywhere, anytime.

Message and data rates may apply.

Power Checking Qualifications

It's easy to qualify.3

To earn the Power rate and ATM refunds, each monthly qualification cycle:

Direct Deposit

Have at least one direct deposit, automatic debit from a third party, or Online Bill Pay post and clear.

Learn More

Power Checking

Electronic Statements

Receive electronic statements.

Power Checking

15 Debit Card Purchases

Have at least 15 Debit Card purchases post and clear. (Use your Debit Card in-store, online or using your favorite mobile wallet!)

Power Checking

You will earn the Power Rate on your Power Checking and Power Savings each cycle the qualifications above are met in your Power Checking.

Power RateAnnual Percentage Yield (APY)
TiersPower Checking APYPower Savings APY
$0.01 - $25,0001.50%1.25%
$25,000.01 & above41.50% to 0.10%1.25% to 0.10%


Base Rate

If Power Checking qualifications aren’t met during the qualification cycle, you will still earn the base rate of 0.05% APY on your entire balance in both your Power Checking and Power Savings.

Rates accurate as of 5/15/2020.


1 Power Checking account must be opened online using URL: or redeemed in-person by presenting mailer at time of account opening. Offer valid thru 12/31/20. Limit one per household. You will receive the $225 deposit into your Power Checking account within 15 business days once you have qualified for Power Checking rewards in one of the first three Power Checking statement cycles after account opening. The “qualification cycle” is the same as the current statement cycle. The statement cycle ends on the fourth Wednesday of each month. $225 bonus will be forfeited if account is closed within 6 months of account opening. Bonus will be reported to the IRS as miscellaneous income. Not valid with any other checking account offer. You are not required to open a Power Savings account to qualify for $225 bonus.
2 An excess activity service fee of $10.00 will be charged for withdrawals or transfers in excess of six (6) during a monthly statement cycle for Power Savings. $100 minimum deposit required to open Power Checking or Power Savings.
3 Power Checking rewards: Power Rate and up to $15 in domestic ATM refunds per qualification cycle.
4 Balances greater than $25,000 will receive a lower rate. This balance can be affected by deposits or monthly interest paid to the account. Checking and Savings rates are subject to change. Fees may reduce earnings.


Get started.

Open a Power Checking Account online or contact a MidWestOne Banker to get started today.

Open Account

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