Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Midwest BankCentre Review

Your Details Done
by Updated
Midwest BankCentre Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1906, Midwest BankCentre has assets totaling $2 billion along with $1 billion in deposits, making it a large bank. Midwest BankCentre, whose headquarters are in Lemay, Missouri, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.3 stars out of 5, Midwest BankCentre proves it is a great bank that you should seriously consider. Midwest BankCentre has the complete selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Midwest BankCentre has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Midwest BankCentre offers an option without a monthly fee. Locating an institution with no-fee checking and a high savings APY is the best option for returning the highest income on 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

Midwest BankCentre features a savings rate of 0.25%, which is poor in comparison to the national average. Its one-year CD earns at a rate of 1.25% and the five-year CD earns at a rate of 2.25%, while its highest-yielding money market account has a rate of 0.75%. Given Midwest BankCentre's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Midwest BankCentre's Savings Rates Compare

Midwest BankCentre Savings 0.25 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

Midwest BankCentre typically has extremely low fees compared to the national average. With no monthly fee, Midwest BankCentre's checking account is perfect for people who want an easy checking account. For those who will need cash in a pinch, it is perfect because it has no out-of-network ATM fees. Midwest BankCentre unfortunately does not reimburse out-of-network ATM charges, meaning you'll have to locate a Midwest BankCentre ATM or accept the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

Midwest BankCentre is a brick-and-mortar bank, with 19 total bank locations in Missouri. With mobile and web apps, Midwest BankCentre makes account access easy, even on the go. Midwest BankCentre's online and mobile banking platforms receive poor scores from customers. With 34 customer reviews across iOS and Android platforms, the Midwest BankCentre mobile app has an overall rating of 3.3 out of 5 (compared to the national average of 3.8). You can use Midwest BankCentre's app to manage your bank accounts by reviewing account balances, sending and receiving money as well as accessing customer service. Midwest BankCentre receives a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

Midwest BankCentre is a large bank and has assets totaling $2 billion as well as deposits totaling $1 billion. Its Texas Ratio is 6.33%, indicating that the bank is in fine financial health and improbable to fail. Additionally, Midwest BankCentre 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.

Back to Overview

Compare Midwest BankCentre to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 1.25% APY
  • 36 Month: 1.75% APY
  • 48 Month: 1.75% APY
  • 60 Month: 2.25% APY
$1 for all terms
Money Market Account 0.5% APY $10000

Midwest BankCentre has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Midwest BankCentre does not have the best savings rate, which means you should think about taking a look elsewhere 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. Midwest BankCentre's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a Midwest BankCentre Near Me

Midwest BankCentre has 19 locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure