Bank · FDIC insured
Bank Midwest Savings Rates
Bank Midwest’s best savings rate is 1.51% APY on $10,000, with its Premier Money Market Savings Account. Rates checked October 16, 2026.
How Bank Midwest’s savings rates compare
Compared with banks and credit unions near Fairmont, MN, where Bank Midwest has the most branches. $10,000, best rate first.
This bank’s best
Bank Midwest
1.51%APY
- Requires
- None
- Minimum
- $50
- Earns on $10,000 a year
- $151
Premier Money Market Savings Account
Top rate
Portage Bank
2.27%APY
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000 a year
- $227
2nd-highest rate
U.S. Bank
2.00%APY
- Requires
- Another account
- Minimum
- $25
- Earns on $10,000 a year
- $200
Bank Midwest savings score
88
Savings score
Higher than 81% of U.S. banks and credit unions
- $1,000 balance$1,0000.10%
- $10,000 balance$10,0001.51%
- $100,000 balance$100,0002.68%
- QualifiedQualified1.51%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Bank Midwest ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Premier Money Market Savings Account
1.51%APY
Tiered interest rate. If balance falls below $10,000 any day of the month, a $10 monthly service charge is assessed. Limited to 6 withdrawals and 6 checks per month.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. | 1.00% | — | Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. |
| $10,000 – $25,000Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. | 1.51% | $151 | Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. |
| $25,000 – $100,000Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. | 2.02% | — | Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. |
| $100,000 – $250,000Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. | 2.68% | — | Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. |
| $250,000 and upMonthly fee of $10 assessed if balance falls below $10,000 any day of the month. | 3.20% | — | Monthly fee of $10 assessed if balance falls below $10,000 any day of the month. |
Great Rate Savings
0.10%APY
Monthly service charge of $2 is eliminated when you carry a daily balance of $100 or more. Paper statements optional for $3 per month.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $25,000Monthly fee of $2 eliminated with daily balance of $100 or more. | 0.10% | $10 | Monthly fee of $2 eliminated with daily balance of $100 or more. |
| $25,000 – $50,000Monthly fee of $2 eliminated with daily balance of $100 or more. | 0.10% | — | Monthly fee of $2 eliminated with daily balance of $100 or more. |
| $50,000 – $100,000Monthly fee of $2 eliminated with daily balance of $100 or more. | 0.10% | — | Monthly fee of $2 eliminated with daily balance of $100 or more. |
| $100,000 – $250,000Monthly fee of $2 eliminated with daily balance of $100 or more. | 0.50% | — | Monthly fee of $2 eliminated with daily balance of $100 or more. |
| $250,000 and upMonthly fee of $2 eliminated with daily balance of $100 or more. | 0.50% | — | Monthly fee of $2 eliminated with daily balance of $100 or more. |
Sources (3)
- bankmidwest.com/wp-content/upl…onBus_Rates_06.16.26.pdf
- bankmidwest.com/help-center/rates
- bankmidwest.com/personal/banking
All captured Oct 5, 2026
Special-purpose accounts
Health Savings Account
0.75%APY
Available for anyone under age 65 enrolled in an HSA-qualified plan. Tax-deductible contributions and tax-free withdrawals for qualified medical expenses. Contribution limits and restrictions apply.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000Available for individuals under age 65 enrolled in an HSA-qualified plan. | 0.50% | — | Available for individuals under age 65 enrolled in an HSA-qualified plan. |
| $10,000 – $20,000Available for individuals under age 65 enrolled in an HSA-qualified plan. | 0.75% | $75 | Available for individuals under age 65 enrolled in an HSA-qualified plan. |
| $20,000 and upAvailable for individuals under age 65 enrolled in an HSA-qualified plan. | 1.00% | — | Available for individuals under age 65 enrolled in an HSA-qualified plan. |
Sources (3)
- bankmidwest.com/wp-content/upl…onBus_Rates_06.16.26.pdf
- bankmidwest.com/help-center/rates
- bankmidwest.com/personal/banking
All captured Oct 5, 2026
Variable Rate IRA Savings
0.10%APY
IRS penalties may apply to withdrawals made from an IRA account prior to age 59-1/2.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000IRS penalties may apply to withdrawals prior to age 59-1/2. | 0.05% | — | IRS penalties may apply to withdrawals prior to age 59-1/2. |
| $10,000 – $25,000IRS penalties may apply to withdrawals prior to age 59-1/2. | 0.10% | $10 | IRS penalties may apply to withdrawals prior to age 59-1/2. |
| $25,000 and upIRS penalties may apply to withdrawals prior to age 59-1/2. | 0.25% | — | IRS penalties may apply to withdrawals prior to age 59-1/2. |
Sources (2)
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.