Savings

Personal Savings Accounts

MidWest America offers several savings accounts designed to fit your specific needs. Our "You Name It" Savings lets you customize the name to reflect your individual savings goals whether it be for vacation, Christmas, education expenses, or something else. We also offer Liquid Gold, a higher interest-bearing account. These accounts are in addition to our Regular Savings account.

Open an Account Current Rates

 



Account Name Min. Balance Min. Balance to Earn Dividends Purpose
Regular Savings $5.00 $200.00 General savings
You Name It Savings $1.00 $0.00 Individualize your own account by naming it yourself (e.g. Sam & Lisa's Wedding Account)
Liquid Gold $2,500.00 $2,500.00 Higher balances earn greater dividends without any time commitment
Youth Savings $1.00 $0.00 Account for members up to 17 years old with special perks and activities
Health Savings Account $0.00 $500 Account for paying or reimbursing qualified medical expenses of the account owner, his or her spouse, and dependents.

Monthly, a fee will be assessed to accounts that maintain an average aggregate balance of less than $500 for the previous two months. This fee will be waived if the checking account has 5 or more financial transactions (fee withdrawals or dividends are not considered financial transactions) during the month, there is an open loan, or the account belongs to a minor (less than age 18).

 

 



HEALTH SAVINGS ACCOUNTS (HSA)

The credit union offers both Single and Family HSA accounts. Each individual's situation will determine if they qualify to open an HSA account and to make contributions. The HSA account is exclusively for the purpose of paying or reimbursing qualified medical expenses of the account owner, his or her spouse, and dependents. There are other restrictions to this account, please seek tax advice or your plan administrator prior to opening an HSA account.

CURRENT RATES

For more specific information regarding any of our products, contact your local branch.