Performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide Information gathered from users through our online questionnaire. Services are limited to referring users to third party registered investment advisers and/or investmentĪdviser representatives (“RIA/IARs”) that have elected to participate in our matching platform based on Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Is Good less than 90% is Fair and over 90% is Poor. Particular banks: anything less than 5% is considered Excellent less than 20% is Very Good less than 50% Score, which is based on complaints brought to the Consumer Financial Protection Bureau (CFPB).įinancial Health The Financial Health rating is based on the Texas Ratio, an indicator that Service Quality The Customer Experience rating is a weighted average of the Mobile Rating and National average fee amount for particular services and is also affected by whether or not the bank refunds Rates shown reflect the highest available nationwide.įees The Fees rating is an assessment of the bank's fees measured against the Products measured against the national average interest rate for each product. Rates The Rates rating represents an aggregate of interest rates for specific bank
When a component rating is unavailable, the overall rating is calculated as anĪverage of the remaining available ratings. How We Rated It SmartAsset's Overall Rating Banks that offer free checking as well as a high interest rate savings account are your best bet for returning the most income on your deposits alongside convenient access to your funds. The bank's standard checking account maintains a monthly fee of $5.00, making it a rather expensive bank for checking. Midwest Bank has a fair savings rate other popular banks have higher rates. Midwest Bank offers a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. At a SmartAsset rating of 4 stars out of 5, Midwest Bank should be near the middle of the pack in your search for a bank. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Midwest Bank, whose headquarters are in Monmouth, Illinois, lacks premium access to customer service, with no options for live chat or all-day service. Branch Locations OverviewĮstablished in 1870, Midwest Bank has $460 million in assets and $348 million in deposits, which makes it a medium-size bank.
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