Coronavirus Update

Your safety and well-being is our top priority at Bank Midwest. Due to increasing COVID activity in the Lakes Area, our Spirit Lake and Okoboji lobbies are closed until July 13. Please use our drive-up, digital channels, video tellers (ITM) or call 888.902.5662 for assistance. Learn more at bankmidwest.com/coronavirus/.

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Personal Checking

When you want premium interest and use your debit card a lot, this is your account.

Plan wisely. Live well.

Open your Great Rewards Checking Account

Here's what you need to know about

Great Rewards Checking

  • Minimum opening deposit

    $50

  • Minimum Balance

    $0

  • Monthly Fee*

    $3.95

*Eliminate your monthly fee when you carry a daily balance of $10,000 or more or make at least 14 purchases that post and clear during the statement cycle.  The fee is reduced by $0.30 each time you use your debit card.

Great Rewards Account Benefits

  • Earn interest
  • Non-network ATM fee reimbursements— up to $20 per statement cycle, automatically added to your account.
  • One overdraft fee elimination coupon per account holder.

 

Free Account Features

  • Mastercard® debit card
  • Online banking
  • Mobile banking and mobile deposit*
  • Bill pay
  • Online statements**

 

*There is no fee from Bank Midwest. Connectivity and usage rates may apply. Contact your wireless provider for more details.

 

**Paper statements optional for $3 per month.

Interest Rates

  • 0.01%

    APY*

    If you don’t meet the qualifications.

  • 0.05%

    APY*

    when you meet the qualifications and have a minimum daily balance over $20,000.

  • 0.50%

    APY*

    when you meet the qualifications and have a daily balance of $20,000 or lower.

*Annual Percentage Yields (APYs) effective as of March 17, 2020, and subject to change without notice. Fees may reduce earnings.

Earn the most when you meet the following qualifications*

 

  • Make 14 Mastercard debit purchases each statement cycle.

  • Use one ACH auto debit or direct deposit.

  • Receive online statements.

*Great Rewards Checking Additional Detail: Monthly qualifications to earn the premium rates: 14 debit card purchases, 1 automatic debit or direct deposit, and enroll and receive online statements. Each monthly qualification cycle the qualifications are met: balances up to $20,000 receive APY of 0.50%; and balances over $20,000 earn 0.05% interest rate on the portion of the balance over $20,000, resulting in 0.05% – 0.50% APY, depending on the balance. If qualifications are not met, all balances earn 0.01% APY.

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