Bank · FDIC insured
Midwest Bank Savings Rates
Top CarrotMidwest Bank’s best savings rate is 2.00% APY on $10,000, with its Midwest Money Market Savings. Rates checked October 16, 2026.
How Midwest Bank’s savings 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
2.00%APY
- Minimum
- $1,000
- Earns on $10,000 a year
- $200
Midwest Money Market Savings
Top rate
Mid Minnesota Federal Credit Union
5.00%APY
- Minimum
- —
- Earns on $10,000 a year
- $500
3rd-highest rate
Bell Bank
1.16%APY
- Minimum
- $50
- Earns on $10,000 a year
- $116
Midwest Bank savings score
89
Savings score
Higher than 90% of U.S. banks and credit unions
- $1,000 balance$1,0001.50%
- $10,000 balance$10,0002.00%
- $100,000 balance$100,0003.00%
- QualifiedQualified2.00%
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 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.
Midwest Money Market Savings
2.00%APY
Interest rate and annual percentage yield may change after account opening. Fees could reduce earnings, including IRA/HSA transfer fees. Avoid the $6 monthly service charge by maintaining a $1,000 minimum daily balance.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 1.50% | — | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
| $10,000 – $50,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 2.00% | $200 | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
| $50,000 – $100,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 2.50% | — | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
| $100,000 – $250,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 3.00% | — | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
| $250,000 – $500,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 3.10% | — | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
| $500,000 – $1,000,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 3.35% | — | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
| $1,000,000 – $5,000,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 3.51% | — | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
| $5,000,000 – $1,000,000,000Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. | 3.51% | — | Minimum balance to obtain APY is $0.01 daily balance. Avoid $6 monthly service charge with $1,000 minimum daily balance. |
Midwest Savings
0.50%APY
Interest rate and APY may change after account opening. Fees could reduce earnings. $2 monthly service charge can be avoided by maintaining a $100 minimum daily balance. Paid quarterly.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Daily balance of $0.01 required to obtain APY. Avoid $2 monthly service charge with $100 minimum daily balance. Rate may change after account opening. Fees could reduce earnings.Over $0 | 0.50% | $50 | Daily balance of $0.01 required to obtain APY. Avoid $2 monthly service charge with $100 minimum daily balance. Rate may change after account opening. Fees could reduce earnings. |
Special-purpose accounts
Midwest IRA Savings
3.15%APY
Traditional and Roth IRA options available. No setup fees, no monthly or annual maintenance fees. Fees could reduce earnings. Rate may change after account opening.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Daily balance of $0.01 required to obtain APY. $100 minimum deposit to open. No monthly or annual maintenance fees.Over $0 | 3.15% | $315 | Daily balance of $0.01 required to obtain APY. $100 minimum deposit to open. No monthly or annual maintenance fees. |
Midwest Young Savers
0.50%APY
Exclusive to young savers through age 18. No monthly service charge. No minimum balance requirement. Interest rate and APY may change after account opening.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0For young savers through age 18. Daily balance of $0.01 required to obtain APY. No monthly service charge. No minimum deposit to open.Over $0 | 0.50% | $50 | For young savers through age 18. Daily balance of $0.01 required to obtain APY. No monthly service charge. No minimum deposit to open. |
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.