MidFirst Bank: High Rates for Everyday Banking
Written by
Daria Uhlig
Edited by
Melanie Grafil
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Earn a competitive annual percentage yield on a 12-month CD with a minimum opening deposit of $1,000.
MidFirst Bank’s account selection helps customers find the best balance of fees (or lack thereof) and interest rates. Even the most basic accounts have valuable benefits like automated saving and rate discounts on MidFirst consumer loans.
MidFirst Bank is a regional financial institution with branches in several Southwestern states. A strong selection of checking and savings accounts gives you plenty of ways to handle your everyday banking. Plus, the CDs earn some of the highest rates around. MidFirst Bank was named one of the Best Banks in Arizona for 2025.
MidFirst Bank Checking Account
Simply Interest Checking is MidFirst’s standard checking account. It’s an interest-bearing account with benefits such as refunds for out-of-network ATM fees.
- Simply Interest has a $100 minimum opening deposit.Â
- Balances earn to APY, which is well below the 0.08% national average APY for an interest checking account. The top rate requires at least a $10,000 minimum balance.
- MidFirst reimburses up to $15 in non-MidFirst ATM fees per statement cycle.
- You can earn more interest with Boost Checking, a high-yield account that pays the same premium rate on all balances. You’ll be eligible for the higher rate when you make at least 15 debit card transactions and one online bill payment or one direct deposit each month.
- For a free, digital-only account, consider LiveFree Checking. This non-interest-bearing account has no monthly service fee when you opt for e-statements.
- Overdraft fees for MidFirst checking accounts are high at $35 per instance, and MidFirst will charge you for up to five in any given processing day.
- Additional accounts might be available in select locations.
Best For
Banking in Arizona
Low Monthly Fees
Loan Options
Low Minimum Deposit
Earn Up To APY
Simply Interest Checking by MidFirst Bank is an interest-bearing account with low yields, $15 in ATM fee reimbursements and a $100 minimum opening deposit. It’s your everyday banking solution.
Fees
$0 to $5
APY
Min Opening
$100
Pros
- 0.50% discount on MidFirst consumer loans with all checking accounts
- High yields on Boost Checking
- Full-featured digital-only account with no fees
Cons
- Low yield on Simply Interest Checking
- High overdraft fee
Quick Take
Simply Interest Checking is a solid, no-frills account for day-to-day expenses and bill paying. However, MidFirst also has checking options for those who only bank digitally and those who want their large balances to earn high yields.
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MidFirst Bank Savings Accounts
MidFirst has two high-yield savings accounts. Of the two, Boost Savings has the rate tiers likely to benefit the most customers.Â
- Boost Savings balances up to $50,000 earn APY. Interest compounds daily to grow your savings faster.
- You can withdraw money from MidFirst ATMs or in person at branch locations as often as you want, with no penalties.
- Performance Savings is MidFirst Bank’s classic savings account. It’s an interest-bearing account that pays competitive rates on balances of $10,000 or more, and you won’t pay the $5 monthly fee as long as you maintain a $250 average daily balance.
- For highly competitive rates, MidFirst offers Select Savings. The service fee is high at $20 per month, and you’ll need a $15,000 average daily balance to have it waived, and interest compounds daily.
- All MidFirst Bank savings accounts automate saving with EasySave. This benefit rounds up your debit card purchases and deposits the money into your account with daily transfers.
- The minimum opening deposit for all the savings accounts is $100.
Best For
Banking in Arizona
Low Monthly Fees
Loan Options
Low Minimum Deposit
Earn Up To APY
MidFirst Bank offers savings accounts with competitive rates, including up to APY on Boost Savings, easy-to-waive fees on Performance Savings, and automated saving with EasySave for all accounts.
Fees
$0 to $20
APY
Up to
Min Opening
$0
Pros
- Excellent rates with Select Savings and Boost Savings accounts
- Easy-to-waive fees on Performance Savings
Cons
- Performance Savings withdrawals limited to six per statement cycle
Quick Take
Ally is an online-only bank that features low fees and high interest rates on its deposit accounts. Because of its low overhead, it can afford the interest on CDs, checking, savings and money market accounts to compound daily, which is a higher yield than other standard accounts that compound monthly. It is a convenient option with solid customer service for those who do not need to do their banking in person and has 43,000 ATMs nationwide.
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MidFirst Bank CD Accounts
MidFirst Bank’s CD rates are available in a wide variety of terms.Â
- Rates range from to APY, which is well above the national average.
- All regular CDs require a minimum opening deposit of $1,000, which is standard. The minimum for CD specials, when they’re available, is $5,000.
- The rate of a 12-month CD is 4.25% as of Dec. 6, 2024, which is much higher than the 1.84% national average.Â
- CD terms range from 91 days to 10 years.
Best For
Banking in Arizona
Low Monthly Fees
Loan Options
Low Minimum Deposit
Up to APY
MidFirst Bank offers CDs with highly competitive rates up to APY, standard $1,000 minimum deposits and a variety of terms ranging from 91 days to 10 years.
Fees
No monthly service fee
APY
Up to
Min Opening
$1,000
Pros
- Highly competitive rates
- Reasonable opening deposit requirement
Cons
- High minimum deposit for CD specials
- No flex or penalty-free options
Quick Take
Quick Take: MidFirst Bank CDs provide a risk-free way to earn high yields on savings you won’t need for a while.Â
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MidFirst Bank Money Market Accounts
- You can open a Titanium Money Market account with a $100 deposit.
- The account has a $10 monthly service fee that requires a hefty $5,000 average daily balance to waive.
- APYs range from for balances under $25,000 to for balances of $500,000 or more.
- Free withdrawals are limited to six per month.
- MidFirst’s money market account comes with the same perks as its other savings accounts, including EasySave automated saving, daily interest compounding and 0.50% consumer loan rate discounts.
Best For
Banking in Arizona
Low Monthly Fees
Loan Options
Low Minimum Deposit
Tiered Rates With Daily Compounding Interest
The Titanium Money Market account from MidFirst Bank offers tiered rates, perks like EasySave and loan discounts, but requires a $5,000 balance to waive the $10 monthly fee and the APYs are quite low.
Fees
$10, waivable
APY
Up to
Min Opening
$100
Pros
- Low opening deposit
- Account perks
Cons
- High balance needed to waive the monthly fee
- Low APYs
Quick Take
The Titanium Money Market account comes with some nice perks, including loan discounts. But with rates this low, most customers are better off with a MidFirst savings account.
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Banking Experience
Customer Service
MidFirst Bank doesn’t offer 24/7 phone support, but the hours are fairly extensive: 7 a.m. to 9 p.m. CST Monday through Friday, 8 a.m. to 6 p.m. on Saturday and Sunday from 12 p.m. to 4 p.m. You can also contact customer service online by filling out the contact form on the MidFirst website.
Online/Mobile Apps
MidFirst Bank has a full-featured digital platform allowing you to bank on the website or with the mobile app. The mobile app has a 4.8-star rating on the App Store. However, Google Play users give it just 3.8 stars due to issues like difficult navigation, crashing and slow response time.
Fees
Monthly fees on most accounts are $10 or less, but savings accounts in particular have higher fees. In many cases, you’ll need high balances to have the fees waived. Overdraft fees are also high, and you can be hit with as many as five per processing day.
Rates
Checking rates are lower than average, which might not matter to account holders who only keep enough in the account to cover expenses. Savings rates are better, even excellent, in some accounts. However, with most accounts, you’ll need high balances for the best rates.
Hoes Does MidFirst Bank Compare?
See how MidFirst Bank stacks up against similar banks.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
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$0 to $5
$8 to $30 monthly
$0 to $18
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APY
APY
Up to
on Preferred Club Checking
Min Opening
Min Opening
Min Opening
$100
$25
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
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Fees
$0 to $20
$3.50 waivable monthly fee
$0 to $2, waivable
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APY
APY
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Up to
Min Opening
Min Opening
Min Opening
$0
$50
$50 to $100
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
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Fees
No monthly service fee
Early withdrawal penalties will apply
No monthly service fee
APY
APY
APY
Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$1,000
$1,000
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$10, waivable
Waivable $15 monthly fee
$10, waivable
APY
APY
APY
Up to
Up to
4.2%
Min Opening
Min Opening
Min Opening
$100
$50
$100
MidFirst Bank vs. Texas Capital
Texas Capital offers two checking accounts and two savings accounts, all of which have no monthly fee. What’s more, the high-yield savings account pays APY on all balances-and a Texans-only account more than doubles that rate. Texas Capitals also has better rates on some CD terms, including 12 months.
MidFirst Bank vs. Frost Bank
When it comes to experience, Frost Bank is hard to beat. It offers live support 24/7 and a mobile app rated 4.9 out of five stars. However, MidFirst Bank’s checking accounts have lower fees, and the fees are easier to waive.
MidFirst Bank vs. BOK Financial
MidFirst and BOK Financial have roughly equivalent checking and savings options, although MidFirst better rates give it an edge. Transparency is BOK Financial’s strongest suit. In addition to extensive account information on each product page, BOK provides Simple Guides with clear, easy-to-understand explanations of account features and fees.
Final TakeÂ
MidFirst Bank offers a variety of checking and savings accounts to help you find the best value for your banking needs. Although the money market account provides no incentives for customers to select it over a savings account, CDs offer highly competitive rates and a reasonable opening deposit requirement.Â
The bank is a solid choice for anyone who lives in the service area and maintains high enough balances to avoid account fees and overdrafts.Â
MidFirst Bank FAQ
Still not sure if MidFirst Bank is the right bank for you? Answers to the questions below might help you make a decision.- What is MidFirst Bank known for?
- MidFirst Bank is known for being the nation’s largest privately owned bank. It services over 1 million accounts and has $39 billion in assets.
- Does MidFirst Bank charge ATM fees?
- MidFirst Bank ATMs are fee-free for customers. However, the bank charges a $2.50 fee for using a non-MidFirst ATM.
- What states are MidFirst banks located in?
- MidFirst Bank has 72 branches and 59 off-site ATMs in Oklahoma, Arizona, Colorado and Texas.
- Does MidFirst Bank have Zelle?
- Yes. You can make Zelle money transfers using the mobile app.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.Â
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
