Intro – MidWestOne Bank Reviews & Ranking
AdvisoryHQ recently published its list and review of the top banking firms in Minnesota, a list that included MidWestOne Bank.
Below we have highlighted some of the many reasons MidWestOne Bank was selected as one of the best banking firms in Minnesota.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
MidWestOne Bank Review
MidWestOne Bank is headquartered in Iowa and is owned by MidWestOne Financial Group, the third-largest publicly traded bank holding company headquartered in the state of Iowa.
MidWestOne Bank has 43 banking locations that provide service retail banking across Iowa, Minnesota, Wisconsin, and Florida.
Backed by MidWestOne Financial’s over $3 billion in assets, this Minnesota bank has the resources it needs to meet its customers’ financial needs.
MidWestOne Bank serves the Twin Cities metro area with a wide range of banking products such as deposit accounts, consumer and commercial lending solutions, and trust and investment services.
Photo courtesy of: MidWestOne
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our detailed review, MidWestOne Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
MidWestOne Bank Review: Power Checking
With a MidWestOne Power Checking account, customers can earn up to a 1.50% APY interest rate on their deposited funds up to $25,000.
It’s easy to qualify for this phenomenal interest rate; all customers have to do is:
- Have 10 signature-based debit card purchases a month
- Have at least one direct deposit, automatic debit, or bill pay transaction each month
- Enroll to receive eStatements
In addition to the easy to earn power interest rate, the Power Checking account offered by this bank in Minnesota also features:
- $100 minimum deposit to open an account
- No minimum daily balance
- No monthly surcharge
- Free online and mobile banking
- Free bill pay
- Free standard check card
MidWestOne Bank Review: Borrowing Options
MidWestOne Bank has many borrowing solutions to help customers meet their needs no matter what they may need.
Whether you need to finance higher education or make repairs after a major natural disaster, this top bank in Minnesota can help.
Their borrowing options include:
- Home mortgages
- Home equity lines of credit
- Credit cards
- Disaster assistance loans
- Unsecured and secured personal loans
- Auto loans
- Student loans
MidWestOne Bank Review: The MidWestOne Academy
MidWestOne Bank is a Minnesota bank that knows that the financial decisions their customers make today will have a long-term impact on their life.
That is why they started the MidWestOne Academy, a free interactive learning experience that can better prepare their customers to manage their financial future.
MidWestOne Academy consists of four learning modules that customers can complete on their own schedule. The modules are:
- Savings & investments
- Credit scores & reports
- Insurance & taxes
Participation in this bank in Minnesota’s MidWestOne Academy is completely free and confidential.
MidWestOne Bank Review: Community Involvement
As a community bank, MidWestOne makes it a point to give back to the communities that they are so proud to serve. This best bank in Minnesota is always looking for ways to improve their communities by sponsoring events and helping local charities.
In that vein, they created the MidWestOne Foundation, a foundation that provides financial support for the arts, education, wellness, and recreation and civic services.
The MidWestOne Foundation supports non-profit groups, institutions, schools, and other organizations that enhance the well-being of the communities that MidWestOne Bank serves.
This strong dedication to supporting the cultural growth and development of the communities they serve is a big part of what makes MidWestOne Bank one of the best banks in Minnesota.
In addition to the above MidWestOne Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
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