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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


Established in 1914, Mid America Bank has $389 million in assets along with $344 million in deposits, which makes the institution a small bank. Mid America Bank, whose headquarters are in Jefferson City, Missouri, 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. At a SmartAsset rating of 4 stars out of 5, Mid America Bank should be near the middle of the pack in your search for a bank. Mid America Bank offers a mixture of banking products, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking account maintains a monthly fee of $3.95, which places it at the higher end of monthly fees. Locating a checking account with no monthly fee and a savings account with a high APY at the same institution is the best option for returning the most income from your deposits while maintaining easy access to your money.

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

Mid America Bank features a savings rate of 0.25%, which is poor compared to other U.S. banks. Its 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 its poor savings rate, you should think about 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 generally has average fees in comparison to other U.S. banks. At $3.95 per month, Mid America Bank is less than great for people who want a simple checking account. For those who will need cash in a pinch, Mid America Bank is fair because it charges an out-of-network ATM fee of $1.50, which is reasonable compared to other U.S. banks. Additionally, at $30.00, it has a markedly lower overdraft fee compared to the national average. Mid America Bank unfortunately does not reimburse out-of-network ATM charges, which means you will be required to search for a Mid America Bank ATM or eat 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 straightforward mobile-banking experience. Additionally, Mid America Bank customers can access live chat for their banking questions or needs, giving customers an easy access point throughout the day. Mid America Bank's online and mobile banking services receive reasonably satisfactory ratings from customers. With 19 customer reviews on iOS and Android platforms, the Mid America Bank mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). You can utilize Mid America Bank's mobile app to manage your finances by looking at current statements, transferring funds and accessing customer service. Mid America Bank gets a superb consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 a small bank owning $389 million in assets as well as $344 million in deposits. Its Texas Ratio is 11.87%, suggesting a tiny possibility 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 like savings accounts, checking accounts and CDs that provide you with 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 average U.S. bank.

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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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