Mid America Bank (KS) 48-Month CD Continues To Be Competitive


Availability: Residents of Kansas

The aptly named Mid America Bank continues to offer a competitive 48-month CD (2.06% APY). The minimum opening deposit is $500, with no balance cap.

Since being added to the product line in May 2001, the 48-month CD has experienced eleven rate changes, with the current APY in effect for six months.

The CD is also available as an IRA (Traditional) earning the same APY, with the same funding requirements

According to CSR, the Early Withdrawal Penalty is based on a formula, using the amount being withdrawn and the time left until CD maturity as variables.


Headquartered outside the Kansas City metropolitan area, Mid America Bank is a locally owned, full-service community bank. While specializing in real estate lending, Mid America Bank also offers several savings products to all Kansas residents.

Mid America Bank’s online platform is limited to account management, but an application, (PDF format) is available for download to expedite the process. Opening a CD and completing the application process requires an in-person visit to any of three Kansas branches located in Baldwin City, Lawrence, and Wellsville.

Bank Overview

Mid America Bank has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 0.68% (excellent), as of December 31, 2015. In the past year, Mid America Bank has increased its total deposits by $11.84 Million, an excellent annual growth rate of 14.19%. Please refer to our financial overview of Mid America Bank for more details.

Originally branded as State Bank of Esbon, Mid America Bank (FDIC Certificate # 17374) has been serving the local community since 1900. The Bank's name was changed in 1997 and four years later, the headquarters were moved from Esbon to Baldwin City. Known as a real estate lending specialist, the privately owned Mid America Bank also offers a complete array of financial services and products to its community.

How the CD Compares

When compared to the 219 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to residents of Kansas, Mid America Bank's 48-month CC currently ranks second.

The above rates are accurate as of 3/24/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.

Related Pages: Mid America Bank (KS), Kansas City

Mid-America Bank (KS) Offers 3 Competitive Rate Long Term CDs

Last week, Mid-America Bank raised the rates on three of its CDs: 36-month CD (1.76% APY), 48-month CD (2.06% APY), and 60-month CD (2.26% APY).

All three CDs have $500 minimum opening deposit requirement, with no balance cap. The CDs are also available as IRAs at the same rates and same funding requirements

According to CSR, the Early Withdrawal Penalty is all the interest earned on the amount withdrawn.

Availability: Kansas Only

Located outside the Kansas City (KS) metro area, Mid-America Bank is a locally...

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