Featured Savings Rates
Featured Accounts

Bank Midwest

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingGreat Rewards Checking
0.30%Reward SavingsOnederful Savings
1.60%5-year CD60 Month CD

Overview / Commentary
712-336-0505
1525 18th Street
Spirit Lake, IA 51360

Bank Midwest is headquartered in Spirit Lake and is the 21st largest bank in the state of Iowa. It is also the 930th largest bank in the nation. It was established in 1887 and as of September of 2016, it had grown to 207 employees at 11 locations. Bank Midwest has an A health rating.

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Reviews (1)

Good Local Banking Option

I bank at Bank Midwest because it is a local bank in our town. Their customer service is second to none - they always know your name and are eager to help! There is a certain sense of small town values that come with banking locally.



Health
A

Health Grade Components

Overall
FDIC Certificate #5170
Year Established1887
Employees207
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD12.14%
Annual Interest Income$25.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$792.9MM$724.6MM
LoansQ3 2016vs Q3 2015$652.1MM$597.5MM
DepositsQ3 2016vs Q3 2015$690.2MM$611.9MM
Equity CapitalQ3 2016vs Q3 2015$87.1MM$81.9MM
Loan Loss AllowanceQ3 2016vs Q3 2015$7.8MM$7.0MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$4.0MM$3.7MM
Real Estate OwnedQ3 2016vs Q3 2015$61.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank Midwest Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Onederful Savings
0.25%*$25k*$100kVariable Rate IRA Savings
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k
0.25%*$25k*$100kVariable Rate Roth IRA Savings
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k
0.20%$100-Statement Savings
0.05%--Health Savings Account

Bank Midwest Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$20kGreat Rewards Checking
OTHER TIERS: 0.20% $20k+
0.20%*$500k*-Business Interest Checking
OTHER TIERS: 0.10% $25k - $100k | 0.13% $100k - $250k | 0.16% $250k - $500k

Bank Midwest CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*$250k*-60 Month CD
OTHER TIERS: 1.50% Up to $250k
1.35%*$250k*-48 Month CD
OTHER TIERS: 1.25% Up to $250k
1.20%*$250k*-36 Month CD
OTHER TIERS: 1.10% Up to $250k
1.15%*$250k*-30 Month CD
OTHER TIERS: 1.05% Up to $250k
1.10%*$250k*-24 Month CD
OTHER TIERS: 1.00% Up to $250k
0.60%*$250k*-18 Month CD
OTHER TIERS: 0.50% Up to $250k
0.30%*$250k*-12 Month CD
OTHER TIERS: 0.20% Up to $250k
0.25%*$250k*-182 Day CD
OTHER TIERS: 0.15% Up to $250k
0.20%*$250k*-91 Day CD
OTHER TIERS: 0.10% Up to $250k

Bank Midwest IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*$250k*-60 Month IRA
OTHER TIERS: 1.50% Up to $250k
1.35%*$250k*-48 Month IRA
OTHER TIERS: 1.25% Up to $250k
1.20%*$250k*-36 Month IRA
OTHER TIERS: 1.10% Up to $250k
1.15%*$250k*-30 Month IRA
OTHER TIERS: 1.05% Up to $250k
1.10%*$250k*-24 Month IRA
OTHER TIERS: 1.00% Up to $250k
0.60%*$250k*-18 Month IRA
OTHER TIERS: 0.50% Up to $250k
0.30%*$250k*-12 Month IRA
OTHER TIERS: 0.20% Up to $250k
0.25%*$250k*-182 Day IRA
OTHER TIERS: 0.15% Up to $250k
0.20%*$250k*-91 Day IRA
OTHER TIERS: 0.10% Up to $250k
Locations


Bank Midwest Locations
Wall Lake Branch102 West Second StreetWall Lake, IA 51466
Okoboji Branch1102 Sanborn AvenueOkoboji, IA 51355
Bank Midwest1525 18th StreetSpirit Lake, IA 51360
Armstrong Branch500 6th StreetArmstrong, IA 50514
Fairmont Branch301 South State StFairmont, MN 56031
Windom Branch245 Ninth StreetWindom, MN 56101
New Ulm Branch26 South BroadwayNew Ulm, MN 56073
Sherburn Branch33 North Main StreetSherburn, MN 56171
Jackson Branch509 Third StreetJackson, MN 56143
Westbrook Branch640 First AvenueWestbrook, MN 56183