Checking Accounts to Fit Your Needs
Choose from a variety of checking accounts designed for your unique needs.
Checking Account Rates
Rates effective as of June 20, 2023.
Rates subject to change at any time.
*Annual Percentage Yield
|Checking Products||Minimum Balance||APY*|
|Simply Checking||$0 ($200 min. opening deposit)||n/a|
|Super NOW Checking||$0 to $2,499||0.05%|
|$2,500 and above||0.10%|
|Insured Investment Fund (IIF) Money Market||$0 to $2,499||0.05%|
|$2,500 to $24,999||0.15%|
|$25,000 and above||0.80%|
With Simply Checking you don’t need to keep a minimum balance and you won’t be charged a monthly service charge.
Special features include:
- No minimum balance (after opening balance of $200)
- Unlimited check writing
- No monthly service charge
- No per-check charge
- Debit card (optional)
NOW Checking Account
Open your NOW account and start earning interest on the daily collected balance in the account at the current rate.
Your NOW account requires an opening balance of $200 and is available without a monthly maintenance fee* if you meet one of the following conditions:
- $500 minimum daily balance in the NOW account
- $2,000 in savings account or certificate of deposit
- If you’re a mortgage loan customer
- You’re 62 years or older (Please let us know if you qualify)
*A maintenance fee of $6.00 per month plus $ .30 per debit per statement period (including any other charge against your account and any withdrawals via debit card from Automated Teller Machines not owned by Great Midwest Bank).
Super NOW Investment Checking
Open your account with $2,500 to earn the current Super NOW Account interest rate for each day your balance is $2,500 or more.
- No monthly maintenance fee* if you maintain a $2,500 minimum daily balance
- Earn the Super NOW interest rate each day your balance is $2,500+
- Earn the NOW interest rate on days your balance is below $2,500
- Debit card (optional)
*A maintenance fee of $8.00 per month plus $ .30 per debit per statement period (including any other charge against your account and any withdrawals via debit card from Automated Teller Machines not owned by Great Midwest Bank).
Insured Investment (IIF) Money Market Checking Account
Open your IIF Money Market Checking Account today. Balances of $2,500 to $25,000 earn interest at the posted money market rate. Balances of $25,000+ earn interest at premium money market rates.
- Unlimited in-person withdrawals from your account
- No monthly fee* with minimum balance of $500
- Six transfers** per statement period
*Great Midwest Bank limits preauthorized and automatic transfers and withdrawals (including telephone transfers) from savings and money market accounts to six per monthly statement cycle. For money market accounts, no more than three of the six may be made by check, draft, Debit Card or similar order to third parties. If more than three checks or six transfers are completed in a statement period, a fee of $6.00 will be assessed
**Should you prefer not to keep a $500 minimum daily balance your maintenance fee will be $6.00 per month plus $ .30 per debit. (Including any other charge against your account and any withdrawals via debit card from Automated Teller Machines not owned by Great Midwest Bank). Fees imposed could reduce the earnings on accounts.