Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Explore Your Options

Discover secure, tax-advantaged, and smart savings options to help your money grow with confidence.

Health Savings Accounts (HSAs)

Save pre-tax for qualified medical expenses.

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  • $100 minimum opening deposit
  • Funds roll over year to year
  • Covers wide range of medical, dental and vision expenses
  • Retirement friendly
Individual Retirement Accounts (IRAs)

Plan for your future with tax-advantaged retirement savings.

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  • Traditional & Roth IRA options
  • Terms from 6 to 48 months
  • A reliable way to save for the future
  • Allows for contribution flexibility
CDARS® — Certificate of Deposit Account Registry Service

Enjoy security of FDIC insurance with simplicity of your trusted bank partner.

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  • Access to multi-million dollar FDIC insurance
  • Range of maturities from 4 weeks to 3 years
  • Favorable returns with peace of mind
  • Work directly with your local bank
Certificates of Deposit (CDs)

Lock in competitive, fixed rates for guaranteed growth.

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  • Choose from a range of maturity lengths
  • $1,000 minimum opening deposit
  • Competitive fixed rates
  • Stable alternative to market-based investments

Visit any of our bank locations for full account terms and conditions.

Features & Benefits

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Guaranteed or Premium Rates

Lock in competitive returns so your savings grow with confidence.

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Tax Advantages

Enjoy potential tax savings with HSAs and IRAs designed to fit your financial strategy.

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FDIC Insurance

Protect your deposits, including large balances with CDARS coverage.

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Local Support

Get guidance from our knowledgeable staff—whether you’re saving for healthcare, retirement or long-term goals.

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Flexible Terms & Options

Choose maturities, account types and contribution plans tailored to your financial goals.

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Retirement & Future Planning

Build lasting security with accounts designed to help you prepare for what’s ahead.

Visit a Branch

Find a Midwest Bank branch near you — visit us to open your account or get friendly, local support.

What to Bring to Open an Account
  • Valid government-issued photo ID
  • Social Security number
  • Initial deposit (amount varies by account type)
  • Proof of address (if different from ID)

Need Help?

Our customer service team is available to answer your questions.

Frequently Asked Questions

Find answers to common questions about our CD, HSA and IRA accounts.

Are these accounts FDIC insured?

Yes. All deposits with Midwest Bank are FDIC insured up to applicable limits. CDARS® provides additional FDIC coverage for deposits exceeding $250,000.

Can I add funds to my account after opening?

Most accounts allow additional deposits after opening. Specific terms vary, so please consult with a Personal Banker for details.

Are there penalties for early withdrawal?

Certain accounts like CDs and IRAs may have early withdrawal penalties. These penalties could reduce earnings or principal. Terms vary by account. It’s best to review your account agreement or talk to a banker before withdrawing funds early.

What happens when my CD matures?

At maturity, your CD will typically renew automatically for the same term at the current interest rate unless you provide other instructions.

Can I open accounts for my children?

Some accounts may be opened for minors with a custodian. Please speak with a Personal Banker for options.

Still have questions?