When you want premium interest and use your debit card a lot, this is your account.
Plan wisely. Live well.
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/.
Great Rewards Checking
Minimum opening deposit
*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
Free Account Features
*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.
If you don’t meet the qualifications.
when you meet the qualifications and have a minimum daily balance over $20,000.
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.