MidWestOne Bank

Overview / Commentary

www.midwestone.bank

319-356-5800

102 South Clinton Street
Iowa City, IA 52240

MidWestOne Bank is headquartered in Iowa City and is the 2^nd largest bank in the state of Iowa. It is also the 223^rd largest bank in the nation. It was established in 1934 and as of June of 2022, it had grown to 808 employees at 61 locations. MidWestOne Bank's money market rates are 14% higher than the national average, and it has an A health rating.

MidWestOne Bank Hikes 30-Month Bump CD Special Rate - 11/29/2021

MidWestOne Bank (CO, FL, IA, MN, WI) has raised the rate on its 30-Month Relationship Bump CD Special to a competitive level. $10k minimum opening deposit.

View all posts from:

2021
2020
2016
Earlier

11/29 - MidWestOne Bank Hikes 30-Month Bump CD Special Rate

7/23 - MidWestOne Bank Offers Power Checking In Five States

3/21 - MidWestOne Bank Offers Relationship Bump CDs

9/15/14 - MidWestOne Bank's Attractive New 33-month Relationship Bump CD
9/6/14 - Midwestone Bank (33 Mo CD, 1.75%APY)
8/24/14 - Midwest One Power Checking RCA Continues At 1.50%APY
6/30/14 - Midwestone Bank CD Special (27 Mo, 2%APY)
11/24/10 - Great 37- And 47-Mo CD Rates At MidWestOne
11/22/09 - 3.90% Reward Checking Account at an Iowa Bank (MidWestOne)

Reviews (2)

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MidWestOne Bank

Posted by: pearlbrown | Nov 24, 2010

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.

Comment

Disappointed!

Posted by: JimThorne | Dec 14, 2012

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.

Health

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	14843
Year Established	1934
Employees	808
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1%
Return on Equity - YTD	10.34%
Annual Interest Income	$86.8MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$6.44B$5.74B
Loans	Q2 2022vs Q2 2021	$3.56B$3.29B
Deposits	Q2 2022vs Q2 2021	$5.55B$4.81B
Equity Capital	Q2 2022vs Q2 2021	$602.3MM$608.8MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$52.4MM$48.0MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$23.7MM$36.4MM
Real Estate Owned	Q2 2022vs Q2 2021	$883.00K$1.9MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.75%^*^†	-	$25k	Power Savings
OTHER TIERS: 0.10% → $25k+
0.50%^*^†	$100k^*	-	IRA Savings
OTHER TIERS: 0.20% → Up to $15k \| 0.30% → $15k - $50k \| 0.40% → $50k - $100k
0.50%^*^†	$25k^*	-	Health Savings Account
OTHER TIERS: 0.35% → Up to $1k \| 0.40% → $1k - $5k \| 0.45% → $5k - $25k
0.05%^†	-	-	Consumer Savings
0.05%^†	$100	-	Business Savings
0.05%^†	-	-	ClubONE Savings
0.05%^†	-	-	Goal Savings

MidWestOne Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$250k^*	-	Select Money Market
OTHER TIERS: 0.30% → Up to $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $100k \| 0.45% → $100k - $250k
0.50%^*	$500k^*	-	Business Select Money Market
OTHER TIERS: 0.30% → Up to $100k \| 0.40% → $100k - $250k \| 0.45% → $250k - $500k
0.35%^*^†	$100k^*	-	Money Market Account
OTHER TIERS: 0.15% → Up to $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k
0.35%^*^†	$100k^*	-	Business Money Market
OTHER TIERS: 0.15% → Up to $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k

MidWestOne Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%^*^†	-	$25k	Power Checking
OTHER TIERS: 0.10% → $25k+
0.10%^*^†	$5k^*	-	Connections Club Checking
OTHER TIERS: 0.05% → Up to $5k
0.10%^*^†	$5k^*	-	Relationship Checking
OTHER TIERS: 0.05% → Up to $5k
0.10%^*^†	$5k^*	-	Business Interest Checking
OTHER TIERS: 0.05% → Up to $5k
0.10%^*^†	$5k^*	-	Non-Profit Checking
OTHER TIERS: 0.05% → Up to $5k

MidWestOne Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.85%^*^†	$10k^*	-	30 Month Investors' Option Bump CD Special
OTHER TIERS: 2.59% → $1k - $10k
2.50%^*^†	$10k^*	-	30 Month Investors' Option CD Special
OTHER TIERS: 2.34% → $1k - $10k
1.75%^*^†	$10k^*	-	59 Month Bump CD Special
OTHER TIERS: 1.50% → $1k - $10k
1.50%^*^†	$10k^*	-	43 Month Bump CD Special
OTHER TIERS: 1.25% → $1k - $10k
1.40%^*^†	$10k^*	-	59 Month CD Special
OTHER TIERS: 1.25% → $1k - $10k
1.20%^*^†	$10k^*	-	11 Month Bump CD Special
OTHER TIERS: 1.00% → $1k - $10k
1.15%^*^†	$10k^*	-	43 Month CD Special
OTHER TIERS: 1.00% → $1k - $10k
1.00%^*^†	$10k^*	-	48 Month CD
OTHER TIERS: 0.80% → $1k - $10k
1.00%^*^†	$10k^*	-	60 Month CD
OTHER TIERS: 0.80% → $1k - $10k
1.00%^*^†	$10k^*	-	Business 48 Month CD
OTHER TIERS: 0.80% → $1k - $10k
1.00%^*^†	$10k^*	-	Business 60 Month CD
OTHER TIERS: 0.80% → $1k - $10k
1.00%^*^†	$10k^*	-	45 Day Bump CD Special
OTHER TIERS: 0.90% → $1k - $10k
1.00%^*^†	$10k^*	$500k	Business 45 Day CD Special
OTHER TIERS: 0.90% → $1k - $10k
1.00%^*^†	$10k^*	-	22 Month Bump CD Special
OTHER TIERS: 0.80% → $1k - $10k
0.90%^*^†	$10k^*	-	36 Month CD
OTHER TIERS: 0.70% → $1k - $10k
0.90%^*^†	$10k^*	-	Business 36 Month CD
OTHER TIERS: 0.70% → $1k - $10k
0.85%^*^†	$10k^*	-	30 Month CD
OTHER TIERS: 0.65% → $1k - $10k
0.85%^*^†	$10k^*	-	Business 30 Month CD
OTHER TIERS: 0.65% → $1k - $10k
0.85%^*^†	$10k^*	-	11 Month CD Special
OTHER TIERS: 0.75% → $1k - $10k
0.85%^*^†	$10k^*	-	Business 11 Month CD Special
OTHER TIERS: 0.75% → $1k - $10k
0.80%^*^†	$25k^*	-	18 Month Flex CD
OTHER TIERS: 0.40% → $100 - $1k \| 0.50% → $1k - $10k \| 0.65% → $10k - $25k
0.80%^*^†	$25k^*	-	Business 18 Month Flex CD
OTHER TIERS: 0.40% → $100 - $1k \| 0.50% → $1k - $10k \| 0.65% → $10k - $25k
0.80%^*^†	$10k^*	-	22 Month CD Special
OTHER TIERS: 0.70% → $1k - $10k
0.75%^*^†	$10k^*	-	24 Month CD
OTHER TIERS: 0.55% → $1k - $10k
0.75%^*^†	$10k^*	-	Business 24 Month CD
OTHER TIERS: 0.55% → $1k - $10k
0.65%^*^†	$25k^*	-	24 Month Flex CD
OTHER TIERS: 0.30% → $100 - $1k \| 0.45% → $1k - $10k \| 0.55% → $10k - $25k
0.65%^*^†	$10k^*	-	18 Month CD
OTHER TIERS: 0.55% → $1k - $10k
0.65%^*^†	$10k^*	-	Business 18 Month CD
OTHER TIERS: 0.55% → $1k - $10k
0.65%^*^†	$25k^*	-	Business 24 Month Flex CD
OTHER TIERS: 0.30% → $100 - $1k \| 0.45% → $1k - $10k \| 0.55% → $10k - $25k
0.65%^*^†	$10k^*	-	5 Month Bump CD Special
OTHER TIERS: 0.50% → $1k - $10k
0.55%^*^†	$25k^*	-	12 Month Flex CD
OTHER TIERS: 0.25% → $100 - $1k \| 0.40% → $1k - $10k \| 0.50% → $10k - $25k
0.55%^*^†	$25k^*	-	Business 12 Month Flex CD
OTHER TIERS: 0.25% → $100 - $1k \| 0.40% → $1k - $10k \| 0.50% → $10k - $25k
0.50%^*^†	$10k^*	-	12 Month CD
OTHER TIERS: 0.40% → $1k - $10k
0.50%^*^†	$10k^*	-	Business 12 Month CD
OTHER TIERS: 0.40% → $1k - $10k
0.45%^*^†	$10k^*	-	5 Month CD Special
OTHER TIERS: 0.40% → $1k - $10k
0.40%^*^†	$10k^*	-	9 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.40%^*^†	$10k^*	-	Business 9 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.35%^*^†	$10k^*	-	6 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.35%^*^†	$10k^*	-	Business 6 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.35%^*^†	$10k^*	-	11 Month Relationship Bump CD Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	43 Month Relationship Bump CD Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	30 Month Investors' Option Relationship Bump CD Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	59 Month Relationship Bump CD Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	Business 11 Month Bump CD Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	Business 11 Month Relationship Bump CD Special
OTHER TIERS: 0.25% → $1k - $10k
0.25%^*^†	$10k^*	-	3 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.25%^*^†	$10k^*	-	Business 3 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.20%^†	$10k	-	1 Month CD
0.20%^†	$10k	-	2 Month CD
0.20%^†	$10k	-	Business 1 Month CD
0.20%^†	$10k	-	Business 2 Month CD
0.20%^*^†	$10k^*	-	22 Month Relationship Bump CD Special
OTHER TIERS: 0.10% → $1k - $10k
0.20%^*^†	$10k^*	-	5 Month Relationship Bump CD Special
OTHER TIERS: 0.10% → $1k - $10k

MidWestOne Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*^†	$10k^*	-	11 Month Relationship Bump IRA Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	30 Month Investors' Option Relationship Bump IRA Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	43 Month Relationship Bump IRA Special
OTHER TIERS: 0.25% → $1k - $10k
0.35%^*^†	$10k^*	-	59 Month Relationship Bump IRA Special
OTHER TIERS: 0.25% → $1k - $10k
0.20%^*^†	$10k^*	-	5 Month Relationship Bump IRA Special
OTHER TIERS: 0.10% → $1k - $10k
0.20%^*^†	$10k^*	-	22 Month Relationship Bump IRA Special
OTHER TIERS: 0.10% → $1k - $10k

MidWestOne Bank

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MidWestOne Bank

Disappointed!

Data as of Q2 2022

Health Grade Components

MidWestOne Bank Savings Account Rates

MidWestOne Bank Money Market Rates

MidWestOne Bank Checking Account Rates

MidWestOne Bank CD Rates

MidWestOne Bank IRA Rates

Availability

Cedar Rapids Area