Bank Midwest CD Rates — October 2026
As of October 23, 2026, Bank Midwest's highest tracked CD rate is 3.75% APY on a 60-month CD ($250,000 minimum). That is 2.7 times the FDIC national average for 60-month CDs (1.41%). Standard CD rates range from 3.33% to 3.75% APY.
Tracking began .
With $10,000 and no relationship requirement: 3.65% on 60 months
Bank Midwest CD rates
Personal CDs require $500; separate APYs apply to balances of $250,000 or more. Early withdrawal penalties may apply.
| Term | Product | APY | vs. Treasury | Source | |
|---|---|---|---|---|---|
| 182 days | 182-day Certificate of Deposit | $250,000 | 3.43%Free rate alert | −0.91% | Verified October 23, 2026 |
| 182 days | 182-day Certificate of Deposit | $500 | 3.33%Free rate alert | −1.01% | Verified October 23, 2026 |
| 12 months | 12-month Certificate of Deposit | $250,000 | 3.45%Free rate alert | −1.01% | Top 58% of tracked 12-month CDs · Verified October 23, 2026 |
| 12 months | 12-month Certificate of Deposit | $500 | 3.35%Free rate alert | −1.11% | Top 61% of tracked 12-month CDs · Verified October 23, 2026 |
| 18 months | 18-month Certificate of Deposit | $250,000 | 3.45%Free rate alert | −1.13% | Top 53% of tracked 18-month CDs · Verified October 23, 2026 |
| 18 months | 18-month Certificate of Deposit | $500 | 3.35%Free rate alert | −1.23% | Top 56% of tracked 18-month CDs · Verified October 23, 2026 |
| 24 months | 24-month Certificate of Deposit | $250,000 | 3.55%Free rate alert | −1.15% | Top 42% of tracked 24-month CDs · Verified October 23, 2026 |
| 24 months | 24-month Certificate of Deposit | $500 | 3.45%Free rate alert | −1.25% | Top 49% of tracked 24-month CDs · Verified October 23, 2026 |
| 30 months | 30-month Certificate of Deposit | $250,000 | 3.55%Free rate alert | −1.19% | Verified October 23, 2026 |
| 30 months | 30-month Certificate of Deposit | $500 | 3.45%Free rate alert | −1.29% | Verified October 23, 2026 |
| 48 months | 48-month Certificate of Deposit | $250,000 | 3.65%Free rate alert | −1.16% | Top 27% of tracked 48-month CDs · Verified October 23, 2026 |
| 48 months | 48-month Certificate of Deposit | $500 | 3.55%Free rate alert | −1.26% | Top 30% of tracked 48-month CDs · Verified October 23, 2026 |
| 60 months | 60-month Certificate of Deposit | $250,000 | 3.75%Free rate alert | −1.09% | Top 29% of tracked 60-month CDs · Verified October 23, 2026 |
| 60 months | 60-month Certificate of Deposit | $500 | 3.65%Free rate alert | −1.19% | Top 31% of tracked 60-month CDs · Verified October 23, 2026 |
APY = annual percentage yield. "vs. Treasury" compares each APY with the Treasury yield for the same term on 2026-10-22 (converted to APY). Treasury interest is exempt from state income tax; see the T-bill vs. CD calculator.
What are Bank Midwest's best CD rates by term?
Bank Midwest's best rate is 3.75% APY on 60 months, verified October 23, 2026.
- 182 days3.43%
- 12 mo3.45%
- 18 mo3.45%
- 24 mo3.55%
- 30 mo3.55%
- 48 mo3.65%
- 60 mo3.75%
How much interest could a Bank Midwest CD earn?
Estimated interest at maturity for the displayed institution quotes, before tax or early withdrawal penalties. Each estimate assumes the quoted APY applies to that balance and interest stays deposited. Estimates use known deposit tiers. Upper balance limits and membership, relationship or new-money requirements must be confirmed with the institution; these are conditional estimates, not personalized offers.
$1,963.18 interest · $11,963.18 at maturity on $10,000.00.
3.65% APY · 60 months · 60-month Certificate of Deposit · Standard · verified October 23, 2026.
Before tax; interest remains deposited. Confirm all product conditions. Estimate one-year purchasing power.
| Term | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|
| 182 days | $82.343.33% APY · 182-day Certificate of Deposit · Standard | $164.683.33% APY · 182-day Certificate of Deposit · Standard | $411.703.33% APY · 182-day Certificate of Deposit · Standard | $823.403.33% APY · 182-day Certificate of Deposit · Standard |
| 12 months | $167.503.35% APY · 12-month Certificate of Deposit · Standard | $335.003.35% APY · 12-month Certificate of Deposit · Standard | $837.503.35% APY · 12-month Certificate of Deposit · Standard | $1,675.003.35% APY · 12-month Certificate of Deposit · Standard |
| 18 months | $253.583.35% APY · 18-month Certificate of Deposit · Standard | $507.163.35% APY · 18-month Certificate of Deposit · Standard | $1,267.903.35% APY · 18-month Certificate of Deposit · Standard | $2,535.803.35% APY · 18-month Certificate of Deposit · Standard |
| 24 months | $350.953.45% APY · 24-month Certificate of Deposit · Standard | $701.903.45% APY · 24-month Certificate of Deposit · Standard | $1,754.763.45% APY · 24-month Certificate of Deposit · Standard | $3,509.513.45% APY · 24-month Certificate of Deposit · Standard |
| 30 months | $442.733.45% APY · 30-month Certificate of Deposit · Standard | $885.453.45% APY · 30-month Certificate of Deposit · Standard | $2,213.633.45% APY · 30-month Certificate of Deposit · Standard | $4,427.253.45% APY · 30-month Certificate of Deposit · Standard |
| 48 months | $748.713.55% APY · 48-month Certificate of Deposit · Standard | $1,497.423.55% APY · 48-month Certificate of Deposit · Standard | $3,743.553.55% APY · 48-month Certificate of Deposit · Standard | $7,487.103.55% APY · 48-month Certificate of Deposit · Standard |
| 60 months | $981.593.65% APY · 60-month Certificate of Deposit · Standard | $1,963.183.65% APY · 60-month Certificate of Deposit · Standard | $4,907.943.65% APY · 60-month Certificate of Deposit · Standard | $9,815.893.65% APY · 60-month Certificate of Deposit · Standard |
How Bank Midwest compares
Compare the displayed terms, minimums and quote locations. Membership, relationship and new-money conditions may apply. Institution quotes below use the exact 1825-day term. Regional peers quote a shared operating state; nationwide best is limited to our tracked sample.
This quote ranks 109 of 403 tracked institutions with fresh 1825-day quotes (ties share a rank). Each other institution contributes its highest APY for that exact term; minimums and eligibility can differ.
| Institution / benchmark | Term | Minimum | Who can open | APY | Verified / source date |
|---|---|---|---|---|---|
| Bank Midwest (this institution)60-month Certificate of Deposit · Standard | 60 months | $250,000 | Branches in IA, MN, SD | 3.75% | October 23, 2026 |
| Popular DirectCD · Standard | 60 months | $10,000 | Available nationwide | 5.00% | October 22, 2026 |
| E*TRADE (Morgan Stanley Private Bank)Bank CD · Promotional | 60 months | Not stated | Available nationwide | 4.80% | October 22, 2026 |
| BarclaysOnline CD · Standard | 60 months | Not stated | Available nationwide | 4.75% | October 22, 2026 |
| Tower Federal Credit Union (highest tracked APY for this term)Mini-Jumbo Share Certificate · Standard | 60 months | $20,000 | Membership required · branches in MD | 5.05% | October 22, 2026 |
| Treasury (APY-equivalent) | 60 months (term-matched estimate) | Depends on purchase method | Federal; interest exempt from state income tax | 4.84% | 2026-10-22 |
CD rate history
Tracking since October 2026. Each product, term, minimum deposit and location is tracked separately. Charts appear after 30 observed days per quote; missing days are not filled. Showing up to the latest year of observations.
Not enough daily observations yet. A chart will appear automatically once a quote has 30 observed days.
Rate changes
See changes across all tracked institutions
No changes since we started tracking Bank Midwest on October 23, 2026.
About Bank Midwest
- Legal name
- Bank Midwest
- Regulator ID
- FDIC 5170
- Headquarters
- Spirit Lake, IA
- Available in
- IA, MN, SD
- Total assets
- $1.3 billion
- Also known as
- Website
- bankmidwest.com
Source: rates read from https://www.bankmidwest.com/help-center/rates/. See the page text we read.
Frequently asked questions
What is the highest CD rate at Bank Midwest?
Among the rates we track, 3.75% APY on a 60-month CD, as of October 23, 2026.
What is the minimum deposit for a Bank Midwest CD?
The lowest minimum we found is $500; jumbo and higher balance tiers start at up to $250,000.
How does Bank Midwest's best CD rate compare with Treasury yields?
3.75% APY is −1.09% versus the 60-month Treasury yield of 4.84% (APY-equivalent) on 2026-10-22. Treasury interest is also exempt from state income tax.
Is 3.75% a good CD rate?
It is 2.7 times the FDIC national average for a similar term (1.41% as of 2026-10-19), which is a deposit-weighted average across all U.S. banks and credit unions. Online banks and promotional CDs often pay several times the national average.
Are Bank Midwest CDs insured?
Bank Midwest is an FDIC-insured bank (FDIC 5170). Deposits are insured up to $250,000 per depositor, per ownership category.
How often is this page updated?
We check Bank Midwest's rate page every day. The rates above were last verified on October 23, 2026.
More bank CD rates
Rates are copied from Bank Midwest's website and may change at any time. Confirm terms, minimums and eligibility with Bank Midwest before opening an account. This page is not financial advice.