Bank · FDIC insured
Midwest Bank CD Rates
Top CarrotMidwest Bank’s best CD rate is 4.50% APY on a 54-month CD. Terms run from 3 months to 5 years. Rates checked October 16, 2026.
How Midwest Bank’s CD rates compare
Compared with banks and credit unions near Detroit Lakes, MN, where Midwest Bank has the most branches. $10,000, best rate first.
This bank’s best
Midwest Bank
4.50%APY
- Term
- 54 months
- Minimum
- $500
- Earns on $10,000
- $2,191
Certificates of Deposit (CDs)
Top rate
Mid Minnesota Federal Credit Union
5.09%APY
- Term
- 36 months
- Minimum
- $10
- Earns on $10,000
- $1,606
3rd-highest rate
Bell Bank
4.30%APY
- Term
- 17 months
- Minimum
- $500
- Earns on $10,000
- $615
Midwest Bank CD score
98
CD score
Higher than 99% of U.S. banks and credit unions
By term
- 3–8 months3–8 mo4.30%
- 9–15 months9–15 mo4.35%
- 16–30 months16–30 mo4.20%
- 31–60 months31–60 mo4.50%
- QualifiedQualified4.50%
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 Midwest Bank ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Certificates of Deposit (CDs)
Up to 4.50%APY · 11 terms
Early withdrawal penalty may apply. Fixed rate that will not change for the term. Automatic renewal when certificate meets maturity. No setup or maintenance fees.
| Term | APY · $500 and up | APY · $25,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|
| 3 monthsTerm: 91 Day. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 3.55% | — | 3.55% | $89 |
| 6 monthsTerm: 182 Day. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 3.55% | — | 3.55% | $178 |
| 7 monthsTerm: 7 Month \"Special\". Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. Upon maturity, if not cashed in will automatically renew for a 182 day term at the 182 day rate at that time | 4.30% | — | 4.30% | $249 |
| 11 monthsTerm: 11 Month \"Special\". Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. Upon maturity, if not cashed in will automatically renew for a 182 day term at the 182 day rate at that time | 4.35% | — | 4.35% | $398 |
| 12 monthsTerm: 12 Month ($25,000 or more). Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | — | 4.15% | —4.15% from $25k | — |
| 12 monthsTerm: 12 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 4.00% | — | 4.00% | $400 |
| 24 monthsTerm: 24 Month ($25,000 or more). Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | — | 4.35% | —4.35% from $25k | — |
| 24 monthsTerm: 24 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 4.20% | — | 4.20% | $858 |
| 30 monthsTerm: 30 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 4.05% | — | 4.05% | $1,043 |
| 36 monthsTerm: 36 Month ($25,000 or more). Early withdrawal penalty may apply | — | 4.25% | —4.25% from $25k | — |
| 36 monthsTerm: 36 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 4.10% | — | 4.10% | $1,281 |
| 48 monthsTerm: 48 Month ($25,000 or more). Early withdrawal penalty may apply | — | 4.35% | —4.35% from $25k | — |
| 48 monthsTerm: 48 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 4.20% | — | 4.20% | $1,789 |
| 54 monthsTerm: 54 Month \"Special\". Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. Upon maturity, if not cashed in will automatically renew for 48 months at the 48 month rate at that time | 4.50% | — | 4.50% | $2,191 |
| 60 monthsTerm: 60 Month ($25,000 or more). Early withdrawal penalty may apply | — | 4.40% | —4.40% from $25k | — |
| 60 monthsTerm: 60 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance | 4.25% | — | 4.25% | $2,313 |
Sources (2)
- midwestbank.bank/loans/consumer-loans/land-loans.html
- midwestbank.bank/personal/pers…ates-of-deposit-cds.html
All captured Oct 16, 2026
Special-purpose accounts
IRA Certificates of Deposit (IRA CDs)
Up to 4.50%APY · 11 terms
Early withdrawal penalty may apply. IRA transfer fee could reduce earnings. Total annual contributions for IRA CDs may not exceed maximum allowable by law. Traditional and Roth IRA options available. No setup fees, no monthly or annual maintenance fees.
| Term | APY · $500 and up | APY · $25,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|
| 3 monthsTerm: 91 Day. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 3.55% | — | 3.55% | $89 |
| 6 monthsTerm: 182 Day. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 3.55% | — | 3.55% | $178 |
| 7 monthsTerm: 7 Month \"Special\". Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.30% | — | 4.30% | $249 |
| 11 monthsTerm: 11 Month \"Special\". Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.35% | — | 4.35% | $398 |
| 12 monthsTerm: 12 Month ($25,000 or more). Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | — | 4.15% | —4.15% from $25k | — |
| 12 monthsTerm: 12 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.00% | — | 4.00% | $400 |
| 24 monthsTerm: 24 Month ($25,000 or more). Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | — | 4.35% | —4.35% from $25k | — |
| 24 monthsTerm: 24 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.20% | — | 4.20% | $858 |
| 30 monthsTerm: 30 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.05% | — | 4.05% | $1,043 |
| 36 monthsTerm: 36 Month ($25,000 or more). Early withdrawal penalty may apply. IRA transfer fee could reduce earnings | — | 4.25% | —4.25% from $25k | — |
| 36 monthsTerm: 36 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.10% | — | 4.10% | $1,281 |
| 48 monthsTerm: 48 Month ($25,000 or more). Early withdrawal penalty may apply. IRA transfer fee could reduce earnings | — | 4.35% | —4.35% from $25k | — |
| 48 monthsTerm: 48 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.20% | — | 4.20% | $1,789 |
| 54 monthsTerm: 54 Month \"Special\". Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.50% | — | 4.50% | $2,191 |
| 60 monthsTerm: 60 Month ($25,000 or more). Early withdrawal penalty may apply. IRA transfer fee could reduce earnings | — | 4.40% | —4.40% from $25k | — |
| 60 monthsTerm: 60 Month. Early withdrawal penalty may apply. Minimum balance to obtain APY is based on daily balance. IRA transfer fee could reduce earnings | 4.25% | — | 4.25% | $2,313 |
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.