Money Markets
If you’re looking for a "parking place" for your larger cash balances that you don’t access often, consider the Midwest Money Market account. The minimum opening deposit requirement may be higher than our checking and savings accounts, but you’ll earn a higher interest rate on your money.
- Minimum Balance: $1,000 to open
- Terms: Variable Interest Rate and APY(1)
- Monthly compounding of interest
You’ll also enjoy:
- Convenient access to your account at a Midwest Bank branch, by phone or online.
- Detailed monthly statements.
- Faster access to your funds via direct deposit.
- Quick, secure funds transfer between your accounts(2), via phone or online.
Service Charge: $25 monthly fee if daily balance falls below $1,000 at any time during the statement period. Debit Fee: $15.00 fee for each check exceeding 6 during the statement period. Check Images are mailed monthly and are available free online via NetTeller.
(1) Annual Percentage Yield
(2)Transfers or withdrawals from a money market or savings account to another account by automatic, pre-
authorized or telephone transfers, and checks, drafts, debit cards or similar orders to third parties are all llimited to a total of six per month or statement cycle. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
