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Mid America Bank Review

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Mid America Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Mid America Bank started in 1914 with headquarters located in Jefferson City, Missouri. Mid America Bank manages $389 million in assets as well as deposits totaling $344 million, ranking it as a small bank. Mid America Bank has above-average customer service access with a live chat feature, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We gave the bank a 4 stars out of 5, suggesting Mid America Bank is a respectable bank that you should consider. Mid America Bank has a choice of banking products, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account features a monthly fee of $3.95, making it a rather pricey bank for checking. Institutions that offer free checking as well as a high interest rate savings account are your best option for returning the most income from your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.25%, Mid America Bank ranks poorly compared to other U.S. banks. Mid America Bank's CDs feature a rate of 0.30% and 1.30% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.30%. Given Mid America Bank's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Mid America Bank's Savings Rates Compare

Mid America Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Mid America Bank charges customers average fees in comparison to the average U.S. bank. At $3.95 per month, Mid America Bank's checking account is not great for people who need a hassle-free checking account. For those who will need cash in a pinch, it is fair because it has an out-of-network ATM fee of $1.50, which is reasonable compared to the national average. Additionally, it has an overdraft fee of $30.00, which is significantly lower than the national average overdraft fee. Mid America Bank doesn't reimburse out-of-network ATM fees, which means you'll need to locate a Mid America Bank ATM or accept the ATM charge.

Monthly Fee $3.95 National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Mid America Bank is a brick-and-mortar bank, with five total branches in Missouri. It also offers access to mobile and web apps for a simple mobile-banking experience. Additionally, Mid America Bank customers can access live chat for help, something to consider if you work during the customer service hours. Mid America Bank's online and mobile banking services receive relatively high scores from customers. The Mid America Bank mobile app has been given a 4.1 out of 5 (out of 19 customer reviews on Apple and Android) compared to the national average of 3.8. You can utilize Mid America Bank's mobile app to manage your finances by reviewing account balances, sending and receiving funds and accessing customer service. Mid America Bank gets a superb consumer satisfaction rating due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

Mid America Bank is currently a small bank and has $389 million in assets and deposits totaling $344 million. Its Texas Ratio is 11.87%, signifying a small likelihood of failure. Additionally, Mid America Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Mid America Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $25
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.85% APY
  • 48 Month: 1.10% APY
  • 60 Month: 1.30% APY
$1000 for all terms
Money Market Account 0.2% APY $10000

Mid America Bank has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. Mid America Bank does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Mid America Bank's CD rates are fair compared to the national average.

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Find a Mid America Bank Near Me

Mid America Bank has five branches in the U.S.

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