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 3^rd 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 2024, it had grown to 762 employees at 59 locations. MidWestOne Bank's savings rates are 10X the national average, and it has an A health rating.

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)

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Health

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	14843
Year Established	1934
Employees	762
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.75%
Return on Equity - YTD	7.69%
Annual Interest Income	$142.7MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$6.58B$6.52B
Loans	Q2 2024vs Q2 2023	$4.24B$3.97B
Deposits	Q2 2024vs Q2 2023	$5.42B$5.46B
Equity Capital	Q2 2024vs Q2 2023	$648.3MM$605.1MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$53.9MM$50.4MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$23.3MM$11.9MM
Real Estate Owned	Q2 2024vs Q2 2023	$6.1MM$0

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
5.00%^*^†	$2m^*	-	Business High Yield Saving Special (New Money) - Introductory Rate
OTHER TIERS: 3.47% → $25k - $100k \| 3.98% → $100k - $250k \| 4.24% → $250k - $500k \| 4.49% → $500k - $1m \| 4.75% → $1m - $2m
5.00%^*^†	$2m^*	-	High Yield Saving Special (New Money) - Introductory Rate
OTHER TIERS: 3.47% → $25k - $100k \| 3.98% → $100k - $250k \| 4.24% → $250k - $500k \| 4.49% → $500k - $1m \| 4.75% → $1m - $2m
2.50%^*^†	$2m^*	-	High Yield Savings
OTHER TIERS: 1.00% → $25k - $100k \| 1.50% → $100k - $250k \| 1.75% → $250k - $500k \| 2.00% → $500k - $1m \| 2.25% → $1m - $2m
2.47%^*^†	$2m^*	-	Business High Yield Savings
OTHER TIERS: 1.00% → $25k - $100k \| 1.49% → $100k - $250k \| 1.74% → $250k - $500k \| 1.98% → $500k - $1m \| 2.23% → $1m - $2m
0.75%^*^†	$0	$25k	Power Savings
OTHER TIERS: 0.10% → $25k+
0.50%^*^†	$100k^*	-	IRA Savings
OTHER TIERS: 0.20% → $0 - $15k \| 0.30% → $15k - $50k \| 0.40% → $50k - $100k
0.50%^*^†	$25k^*	-	Health Savings Account
OTHER TIERS: 0.35% → $0 - $1k \| 0.40% → $1k - $5k \| 0.45% → $5k - $25k
0.05%^†	$100	-	Consumer Savings
0.05%^†	$100	-	Business Savings
0.05%^†	$0	-	ClubONE Savings
0.05%^†	$0	-	Goal Savings

MidWestOne Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*^†	$500k^*	-	Select Money Market
OTHER TIERS: 0.45% → $0 - $25k \| 0.55% → $25k - $50k \| 0.65% → $50k - $100k \| 0.75% → $100k - $250k \| 0.85% → $250k - $500k
0.75%^*^†	$250k^*	-	Money Market Account
OTHER TIERS: 0.20% → $0 - $10k \| 0.25% → $10k - $25k \| 0.35% → $25k - $50k \| 0.50% → $50k - $100k \| 0.65% → $100k - $250k
0.75%^*^†	$1m^*	-	Business Select Money Market
OTHER TIERS: 0.45% → $0 - $100k \| 0.50% → $100k - $250k \| 0.55% → $250k - $500k \| 0.65% → $500k - $1m
0.50%^*^†	$250k^*	-	Business Money Market
OTHER TIERS: 0.20% → $0 - $10k \| 0.25% → $10k - $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $100k \| 0.45% → $100k - $250k

MidWestOne Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%^*^†	$0	$25k	Power Checking
OTHER TIERS: 0.10% → $25k+
0.10%^*^†	$5k^*	-	Connections Club Checking
OTHER TIERS: 0.05% → $0 - $5k
0.10%^*^†	$5k^*	-	Business Interest Checking
OTHER TIERS: 0.05% → $0 - $5k
0.10%^*^†	$5k^*	-	Non-Profit Checking
OTHER TIERS: 0.05% → $0 - $5k

MidWestOne Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.05%^*^†	$10k^*	-	13 Month Bump CD Special
OTHER TIERS: 4.90% → $1k - $10k
4.96%^*^†	$10k^*	-	Business 13 Month Bump CD Special
OTHER TIERS: 4.82% → $1k - $10k
4.90%^*^†	$10k^*	-	7 Month Bump CD Special
OTHER TIERS: 4.75% → $1k - $10k
4.82%^*^†	$10k^*	-	Business 7 Month Bump CD Special
OTHER TIERS: 4.67% → $1k - $10k
4.80%^*^†	$10k^*	-	13 Month CD Special
OTHER TIERS: 4.65% → $1k - $10k
4.71%^*^†	$10k^*	-	Business 13 Month CD Special
OTHER TIERS: 4.57% → $1k - $10k
4.65%^*^†	$10k^*	-	7 Month CD Special
OTHER TIERS: 4.50% → $1k - $10k
4.57%^*^†	$10k^*	-	Business 7 Month CD Special
OTHER TIERS: 4.42% → $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
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
0.75%^*^†	$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%^*^†	$10k^*	-	18 Month CD
OTHER TIERS: 0.55% → $1k - $10k
0.65%^*^†	$10k^*	-	Business 18 Month CD
OTHER TIERS: 0.55% → $1k - $10k
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
0.40%^*^†	$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
0.25%^*^†	$10k^*	-	3 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.25%^*^†	$10k^*	-	Business 3 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.25%^†	$1k	-	13 Month Relationship Bump CD Special
0.25%^†	$1k	-	7 Month Relationship Bump CD Special
0.25%^†	$1k	-	Business 7 Month Relationship Bump CD Special
0.25%^†	$1k	-	Business 13 Month Relationship Bump CD Special
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

MidWestOne Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^†	$1k	-	7 Month Relationship Bump IRA Special
0.25%^†	$1k	-	13 Month Relationship Bump IRA Special