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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 first started operating in 1894 and is headquartered in Festus, Missouri. It owns $567 million in assets along with $492 million in deposits, which makes it a medium-size bank. Midwest Regional Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated Midwest Regional Bank 4 out of 5 stars, which means it is a respectable bank that you should consider. Midwest Regional Bank has a full choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Midwest Regional Bank's standard checking account does not carry a monthly maintenance charge. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best option for getting the most income from 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 features a savings rate of 0.25%, which is poor compared to the average U.S. bank. Midwest Regional Bank's one-year CD earns at a rate of 1.75% and the five-year CD has a rate of 3.40%, while its highest-yielding money market account has an APY of 0.25%. Given Midwest Regional Bank's below average savings rate, you should think about taking a look at other banks for savings accounts.

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

On average, Midwest Regional Bank charges customers extremely low fees compared to other U.S. banks. With no monthly fee, Midwest Regional Bank's checking account is ideal for people who want an easy checking account. Midwest Regional Bank does not refund out-of-network ATM fees, meaning you'll be required to search for a Midwest Regional Bank ATM or eat 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 branches in Missouri. With a mobile app, Midwest Regional Bank provides easy mobile banking, even from home or work. Midwest Regional Bank receives a superb consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 is a medium-size bank owning assets totaling $567 million and $492 million in deposits. Midwest Regional Bank's Texas Ratio is 8.78%, suggesting that the bank is in fine financial health and far from failure. 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: 1.75% 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 that provide you with 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 in comparison to the average U.S. bank.

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Find a Midwest Regional Bank Near Me

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

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