MidWestOne Bank's POWER CHECKING A checking account with power and simplicity Enjoy higher interest and up to $15 in ATM fee refunds¹ when you qualify each cycle. % 1.75 APY Balances $0.00 to $25,000.00 1.75 to 0.10%PY Balances $25,000.01 and above % 0.05 APY If requirements aren't met (entire balance) It's easy to qualify.² .$100 minimum deposit to open (no minimum balance requirement) . Enroll in and receive electronic statements Have at least 15 debit card purchases post and clear . . Have at least one direct deposit, automatic debit from a third party, or online bill payment transaction post and clear Open yours today! MidWestOne Bank. Member FDIC | MidWestOne.bank | 800.247.4418 *Annual Percentage Yield (APY). Daily Balance Method is used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day. All accounts subject to approval and applicable terms, fees, and charges, Fees may reduce earnings. Refer to our Deposit Rates for current interest rates and annual percentage yields based on designated balance tiers. When linked to Power Savings, the interest earned within Power Checking does not compound since it's automatically transferred to Power Savings. Interest rates are variable, and rates may change after the account is opened. Rates are accurate as of 01/01/2024. Domestic ATM fees are refunded to the account once the Power Checking qualifications are met; if you have a linked Power Savings your ATM fee refunds will post directly to the Power Savings account. The qualification cycle (monthly statement cycle) ends on the fourth Wednesday of each month. On this day, transaction counts are finalized and interest is paid. Transactions that have posted and cleared are no longer in pending status. Any transactions pending when the Power Checking qualification cycle ends will not be included in the current cycle. A $3.00 charge is assessed for paper statements. MidWestOne Bank's POWER CHECKING A checking account with power and simplicity Enjoy higher interest and up to $ 15 in ATM fee refunds¹ when you qualify each cycle . % 1.75 APY Balances $ 0.00 to $ 25,000.00 1.75 to 0.10 % PY Balances $ 25,000.01 and above % 0.05 APY If requirements aren't met ( entire balance ) It's easy to qualify.² . $ 100 minimum deposit to open ( no minimum balance requirement ) . Enroll in and receive electronic statements Have at least 15 debit card purchases post and clear . . Have at least one direct deposit , automatic debit from a third party , or online bill payment transaction post and clear Open yours today ! MidWestOne Bank . Member FDIC | MidWestOne.bank | 800.247.4418 * Annual Percentage Yield ( APY ) . Daily Balance Method is used to calculate interest on account . This method applies a daily periodic rate to the principal balance in the account each day . All accounts subject to approval and applicable terms , fees , and charges , Fees may reduce earnings . Refer to our Deposit Rates for current interest rates and annual percentage yields based on designated balance tiers . When linked to Power Savings , the interest earned within Power Checking does not compound since it's automatically transferred to Power Savings . Interest rates are variable , and rates may change after the account is opened . Rates are accurate as of 01/01/2024 . Domestic ATM fees are refunded to the account once the Power Checking qualifications are met ; if you have a linked Power Savings your ATM fee refunds will post directly to the Power Savings account . The qualification cycle ( monthly statement cycle ) ends on the fourth Wednesday of each month . On this day , transaction counts are finalized and interest is paid . Transactions that have posted and cleared are no longer in pending status . Any transactions pending when the Power Checking qualification cycle ends will not be included in the current cycle . A $ 3.00 charge is assessed for paper statements .