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Midwest Regional Bank Review

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


Midwest Regional Bank started in 1894 and its headquarters are located in Festus, Missouri. It owns $567 million in assets and $492 million in deposits, ranking it as a medium-size bank. Midwest Regional Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Midwest Regional Bank is a respectable bank that deserves your consideration, with a rating of 4.0 stars out of 5 from the SmartAsset experts. Midwest Regional Bank has a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. Midwest Regional Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking account does not have a monthly maintenance charge. Banks that offer no-fee checking and a high interest rate savings account are the best bet for gaining the most income on your deposits alongside 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

Midwest Regional Bank has a savings rate of 0.25%, which is fair in comparison to the national average. Its one-year CD has a rate of 2.00% and the five-year CD earns at a rate of 3.40%, while its highest-yielding money market account has an APY of 0.25%. Given Midwest Regional Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Midwest Regional Bank's Savings Rates Compare

Midwest Regional Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Midwest Regional Bank typically has extremely low fees in comparison to other U.S. banks. Midwest Regional Bank's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Midwest Regional Bank doesn't refund out-of-network ATM charges, which means you will be required to locate a Midwest Regional Bank ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Midwest Regional Bank is a brick-and-mortar bank, with eight total bank locations in Missouri. It also offers access to a web app, for a straightforward online-banking experience. Midwest Regional Bank gets a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

Midwest Regional Bank ranks as a medium-size bank with $567 million in assets and deposits totaling $492 million. Its Texas Ratio is 8.78%, denoting that Midwest Regional Bank is in fine financial well-being and unlikely to fail. Additionally, Midwest Regional 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 Midwest Regional Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $50
Checking Account 0.12% APY $500
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 2.15% APY
  • 36 Month: 3.05% APY
  • 48 Month: 3.20% APY
  • 60 Month: 3.40% APY
$1000 for all terms
Money Market Account 0.25% APY $500

Midwest Regional Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Midwest Regional Bank does not have the best savings rate, which means you should consider looking 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 Regional Bank's CD rates are fair compared to the average U.S. bank.

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Find a Midwest Regional Bank Near Me

Midwest Regional Bank has eight physical branches in the U.S.

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