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MidWestOne Bank


Overview / Commentary
www.midwestone.com
319-356-5800
102 South Clinton Street
Iowa City, IA 52240

MidWestOne Bank is headquartered in Iowa City and is the 2nd largest bank in the state of Iowa. It is also the 245th largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 771 employees at 58 locations. MidWestOne Bank has an A health rating.

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Reviews (2)

MidWestOne Bank

Posted by: |

I do business with this bank and was very pleased with my experience in establishing my account via phone and US mail.  The personal banker I worked with was very accommodating. 

8

Disappointed!

Posted by: |

MidWestOne's online access for business falls very short in several areas:
No ability to access even the web version via mobile device, let alone a mobile app. Compatibility issues with anything other than Internet Explorer 6.  Currently, most people use Internet Explorer 9 or 10.  Also no compatibility with Chrome. Inability to view much historic transactions other than in an electronic statement.  MidWestOne only allows businesses to export transactions to Excel or a 3rd party such as Quicken for the most recent month.  This isn't very conducive for the need to review the fiscal year of transactions. Unwillingness to work with business customers to find alternatives around shortfalls. Needless to say, MidWestOne falls short with their business online access, making managing a business hard with MidWestOne.

8


Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #14843
Year Established1934
Employees771
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD10%
Annual Interest Income$183.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$4.65B$3.28B
LoansQ4 2019vs Q4 2018$3.43B$2.37B
DepositsQ4 2019vs Q4 2018$3.74B$2.62B
Equity CapitalQ4 2019vs Q4 2018$575.5MM$371.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$29.1MM$29.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$38.5MM$20.2MM
Real Estate OwnedQ4 2019vs Q4 2018$4.3MM$485.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not MidWestOne Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

MidWestOne Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.52%*†$100k*-IRA Savings
OTHER TIERS: 1.20% → Up to $15k | 1.30% → $15k - $50k | 1.40% → $50k - $100k
1.51%*†-$25kPower Savings
OTHER TIERS: 0.10% → $25k+
0.65%*†$25k*-Health Savings Account
OTHER TIERS: 0.20% → Up to $1k | 0.25% → $1k - $5k | 0.40% → $5k - $25k
0.10%†--Consumer Savings
0.10%†$100-Business Savings
0.10%†--ClubONE Savings
0.10%†--Goal Savings

MidWestOne Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*†$250k*-Commercial Funds Management
OTHER TIERS: 0.40% → Up to $25k | 0.45% → $25k - $100k | 0.50% → $100k - $250k
0.20%*†$100k*-Money Market Account
OTHER TIERS: 0.10% → Up to $25k | 0.15% → $25k - $100k
0.20%*†$100k*-Business Money Market
OTHER TIERS: 0.10% → Up to $25k | 0.15% → $25k - $100k

MidWestOne Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*†-$25kPower Checking
OTHER TIERS: 0.10% → $25k+
0.15%*†$50k*-Connections Club Checking
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $50k
0.15%*†$50k*-Relationship Checking
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $50k
0.15%*†$50k*-Business Interest Checking
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $50k
0.15%*†$50k*-Non-Profit Checking
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $50k

MidWestOne Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.55%*†$10k*-59 Month Relationship Bump CD Special
OTHER TIERS: 1.16% → $1k - $10k
1.40%*†$10k*-43 Month Relationship Bump CD Special
OTHER TIERS: 1.00% → $1k - $10k
1.20%*†$10k*-59 Month CD Special
OTHER TIERS: 0.91% → $1k - $10k
1.19%*†$10k*$500kBusiness 59 Month CD Special
OTHER TIERS: 0.91% → $1k - $10k
1.13%*†$10k*-30 Month Investors' Option Relationship Bump CD Special
OTHER TIERS: 0.78% → $1k - $10k
1.10%*†$10k*-22 Month Relationship Bump CD Special
OTHER TIERS: 0.70% → $1k - $10k
1.05%*†$10k*-43 Month CD Special
OTHER TIERS: 0.75% → $1k - $10k
1.05%*†$10k*-Business 43 Month CD Special
OTHER TIERS: 0.75% → $1k - $10k
1.00%*†$10k*-60 Month CD
OTHER TIERS: 0.80% → $1k - $10k
1.00%*†$10k*-Business 60 Month CD
OTHER TIERS: 0.80% → $1k - $10k
0.80%*†$10k*-48 Month CD
OTHER TIERS: 0.60% → $1k - $10k
0.80%*†$10k*-Business 48 Month CD
OTHER TIERS: 0.60% → $1k - $10k
0.80%*†$10k*-11 Month Relationship Bump CD Special
OTHER TIERS: 0.55% → $1k - $10k
0.78%*†$10k*-30 Month Investors' Option CD Special
OTHER TIERS: 0.53% → $1k - $10k
0.78%*†$10k*$500kBusiness 30 Month Investors' Option CD Special
OTHER TIERS: 0.53% → $1k - $10k
0.75%*†$10k*-36 Month CD
OTHER TIERS: 0.45% → $1k - $10k
0.75%*†$10k*-Business 36 Month CD
OTHER TIERS: 0.45% → $1k - $10k
0.75%*†$10k*-22 Month CD Special
OTHER TIERS: 0.45% → $1k - $10k
0.75%*†$10k*$500kBusiness 22 Month CD Special
OTHER TIERS: 0.45% → $1k - $10k
0.55%*†$10k*-30 Month CD
OTHER TIERS: 0.35% → $1k - $10k
0.55%*†$10k*-Business 30 Month CD
OTHER TIERS: 0.35% → $1k - $10k
0.55%*†$10k*-5 Month Relationship Bump CD Special
OTHER TIERS: 0.40% → $1k - $10k
0.50%*†$10k*-24 Month Flex CD
OTHER TIERS: 0.15% → $100 - $1k | 0.30% → $1k - $10k
0.50%*†$10k*-24 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.50%*†$10k*-Business 24 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.50%*†$10k*-Business 24 Month Flex CD
OTHER TIERS: 0.15% → $100 - $1k | 0.30% → $1k - $10k
0.45%*†$10k*-11 Month CD Special
OTHER TIERS: 0.30% → $1k - $10k
0.45%*†$10k*$500kBusiness 11 Month CD Special
OTHER TIERS: 0.30% → $1k - $10k
0.45%*†$10k*-45 Day Relationship Bump CD Special
OTHER TIERS: 0.20% → $1k - $10k
0.45%*†$10k*$500kBusiness 45 Day CD Special
OTHER TIERS: 0.20% → $1k - $10k
0.40%*†$10k*-18 Month Flex CD
OTHER TIERS: 0.10% → $100 - $1k | 0.25% → $1k - $10k
0.40%*†$10k*-18 Month CD
OTHER TIERS: 0.25% → $1k - $10k
0.40%*†$10k*-Business 18 Month CD
OTHER TIERS: 0.25% → $1k - $10k
0.40%*†$10k*-Business 18 Month Flex CD
OTHER TIERS: 0.10% → $100 - $1k | 0.25% → $1k - $10k
0.30%*†$10k*-12 Month Flex CD
OTHER TIERS: 0.05% → $100 - $1k | 0.20% → $1k - $10k
0.30%*†$10k*-12 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.30%*†$10k*-Business 12 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.30%*†$10k*-Business 12 Month Flex CD
OTHER TIERS: 0.05% → $100 - $1k | 0.20% → $1k - $10k
0.25%*†$10k*-9 Month CD
OTHER TIERS: 0.15% → $1k - $10k
0.25%*†$10k*-Business 9 Month CD
OTHER TIERS: 0.15% → $1k - $10k
0.20%*†$10k*-6 Month CD
OTHER TIERS: 0.15% → $1k - $10k
0.20%*†$10k*-Business 6 Month CD
OTHER TIERS: 0.15% → $1k - $10k
0.20%*†$10k*-5 Month CD Special
OTHER TIERS: 0.15% → $1k - $10k
0.20%*†$10k*-Business 5 Month CD Special
OTHER TIERS: 0.15% → $1k - $10k
0.15%*†$10k*-3 Month CD
OTHER TIERS: 0.10% → $1k - $10k
0.15%*†$10k*-Business 3 Month CD
OTHER TIERS: 0.10% → $1k - $10k
0.10%†$10k-1 Month CD
0.10%†$10k-2 Month CD
0.10%†$10k-Business 1 Month CD
0.10%†$10k-Business 2 Month CD
Locations

Availability



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