Fueling Minnesota’s farming with Farmer Mac.
Through our partnership with Farmer Mac, we offer access to affordable and long-term financing tailored to your needs.
Benefits You’ll Love
- Quick preliminary approval from Farmer Mac
- Flexible credit terms designed to fit your needs
- Navigate the seasonal nature of farming with support
- Expand, upgrade, or invest in new projects
Stability, efficiency, and a strong financial partner are important to your farming operation. Midwest Bank is a Farmer Mac approved lender. Our lenders are committed to helping farmers review long-term, fixed-rate financing options through Farmer Mac.
- Fixed and adjustable rates available
- Flexible options on rate and term
- Quick preliminary approval from Farmer Mac
- Monthly, semi-annual, and annual payment options are available
- Assistance with application process and continued servicing from Midwest Bank
Subject to credit approval.
Use this calculator to determine your projected earnings from our Midwest Rewards Checking account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
CD (Certificate of Deposit) IRA CD's (Individual Retirement Account) and HSA CD's (Health Savings Account)
| Term | Minimum Opening Deposit | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| 91 Day*#~ | $500 | $500** | 3.45% | 3.49% |
| 182 Day*#~ | $500 | $500** | 3.45% | 3.50% |
| 12 Month*#~ | $500 | $500** | 3.60% | 3.65% |
| 12 Month ($25,000 or more)*#~ | $25,000 | $25,000** | 3.75% | 3.80% |
| 24 Month*#~ | $500 | $500** | 3.65% | 3.70% |
| 24 Month ($25,000 or more)*#~ | $25,000 | $25,000** | 3.80% | 3.85% |
| 30 Month*#~ | $500 | $500** | 3.55% | 3.60% |
| 30 Month ($25,000 or more)*#~ | $5,000 | $5,000 | 3.26% | 3.30% |
| 36 Month*#~ | $500 | $500** | 3.55% | 3.60% |
| 36 Month ($25,000 or more)*#~ | $25,000 | $25,000 | 3.70% | 3.75% |
| 48 Month*#~ | $500 | $500** | 3.55% | 3.60% |
| 48 Month ($25,000 or more)*#~ | $25,000 | $25,000 | 3.70% | 3.75% |
| 60 Month*#~ | $500 | $500** | 3.55% | 3.60% |
| 60 Month ($25,000 or more)*#~ | $25,000 | $25,000 | 3.70% | 3.75% |
| 11 Month "Special"*#~ | $500 | $500** | 3.94% | 4.00% |
| 54 Month "Special"*#~ | $500 | $500** | 3.94% | 4.00% |
* A penalty may be imposed for early withdrawal.
** Daily balance. The amount of principal in the account each day.
++The interest rate and APY may change after account opening.
~ IRA/HSA transfer fee could reduce the earnings on the CD account.
# Total annual contributions for IRA and HSA CD's may not exceed maximum allowable by law.
Checking Accounts
| Account | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| Midwest HSA Checking~++ | $100 | $0.01** | 0.40% | 0.40% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++ The interest rate and annual percentage yield may change after account opening
Midwest Business Checking with Interest
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $100 | $0.01** | 0.20% | 0.20% |
| $10,000 - $49,999.99 ~++ | $100 | $0.01** | 0.25% | 0.25% |
| $50,000 - $99,999.99 ~++ | $100 | $0.01** | 0.30% | 0.30% |
| $100,000 - $999,999,999.99 ~++ | $100 | $0.01** | 0.40% | 0.40% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Midwest Business Money Market
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $1,000 | $0.01** | 1.88% | 1.90% |
| $10,000 - $49,999.99 ~++ | $1,000 | $0.01** | 2.08% | 2.10% |
| $50,000 - $99,999.99 ~++ | $1,000 | $0.01** | 2.57% | 2.60% |
| $100,000 - $249,999.99 ~++ | $1,000 | $0.01** | 2.81% | 2.85% |
| $250,000 - $499,999.99 ~++ | $1,000 | $0.01** | 3.01% | 3.05% |
| $500,000 - $999,999.99 ~++ | $1,000 | $0.01** | 3.40% | 3.45% |
| $1,000,000 - $4,999,999.99 ~++ | $1,000 | $0.01** | 3.49% | 3.55% |
| $5,000,000 - $999,999,999.99 ~++ | $1,000 | $0.01** | 3.49% | 3.55% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Midwest Interest Checking
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $500 | $0.01** | 0.20% | 0.20% |
| $10,000 - $49,999.99 ~++ | $500 | $0.01** | 0.25% | 0.25% |
| $50,000 - $99,999.99 ~++ | $500 | $0.01** | 0.30% | 0.30% |
| $100,000 - $999,999,999.99 ~++ | $500 | $0.01** | 0.40% | 0.40% |
~Fees could reduce earnings on the account
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Midwest Rewards Checking ++
| Balance | Minimum Opening Deposit | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| If requirements are met, interest paid on balances up to $25,000 | $100 | $0.01** | 4.00% | 4.07% |
| If requirements are met, interest paid on portion of balance above $25,000 | $100 | $0.01** | 0.30% | 0.30%^ |
| All balances if qualifications NOT met | $100 | $0.01** | 0.10% | 0.10% |
Rewards Checking Requirements per Monthly Qualification Cycle:
Have at least one posted direct deposit; Be enrolled to receive electronic statements (log in to online banking a minimum of once every 365 days to maintain an active online banking account); Have a minimum of 10 posted debit card purchases.
^Earn up to 4.07% Annual Percentage Yield (APY) on balances between one penny and $25,000, and balances over $25,000 earn 0.30% interest rate on the portion of balance over $25,000, resulting in a range of 4.07% to 1.23% APY depending on the balance. If you do not meet the requirements per cycle, your account will still function as a free checking account earning 0.10% APY.
**Daily balance. The amount of principal in the account each day
++ The interest rate and annual percentage yield may change after account opening.
Money Market Savings
| Daily Balance | Minimum to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| $0.01 - $9,999.99 ~++ | $1,000 | $0.01** | 1.88% | 1.90% |
| $10,000 - $49,999.99 ~++ | $1,000 | $0.01** | 2.08% | 2.10% |
| $50,000 - $99,999.99 ~++ | $1,000 | $0.01** | 2.57% | 2.60% |
| $100,000 - $249,999.99 ~++ | $1,000 | $0.01** | 2.81% | 2.85% |
| $250,000 - $499,999.99 ~++ | $1,000 | $0.01** | 3.01% | 3.05% |
| $500,000 - $999,999.99~++ | $1,000 | $0.01** | 3.40% | 3.45% |
| $1,000,000 - $4,999,999.99 ~++ | $1,000 | $0.01** | 3.49% | 3.55% |
| $5,000,000 - $999,999,999.99~++ | $1,000 | $0.01** | 3.49% | 3.55% |
~ Fees could reduce the earnings on the account, including IRA/HSA transfer fees.
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.
Savings Accounts
| Account | Minimum Deposit to Open | Minimum Balance to Obtain APY | Interest Rate | APY |
|---|---|---|---|---|
| Midwest Savings~++ | $100 | $0.01** | 0.55% | 0.55% |
| Midwest Business Savings~++ | $100 | $0.01** | 0.55% | 0.55% |
| Midwest Young Savers ++ | $0 | $0.01** | 0.55% | 0.55% |
| Midwest IRA Savings~++ | $100 | $0.01** | 3.06% | 3.10% |
~ Fees could reduce earnings on the account.
**Daily balance. The amount of principal in the account each day.
++The interest rate and annual percentage yield may change after account opening.