Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Explore Your Options

Find the savings option that fits your business.

Capital Business Savings

Premium rates for businesses with higher balances.

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  • $5,000 minimum opening deposit
  • Tiered interest rates reward higher balances
  • Set aside reserves for future opportunities
  • Pairs with checking for complete banking solution
Certificates of Deposit (CDs)

Secure your funds and earn a guaranteed return.

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  • $1,000 minimum opening deposit
  • Choose a timeframe that aligns with your business goals
  • Predictable earnings make budgeting easier
  • Protect your principal investment from market fluctuations
CDARS® – Large Deposit Protection

Perfect for businesses, nonprofits or municipalities with large balances.

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  • Access to multi-million dollar FDIC insurance
  • Range of maturities between 4 weeks and 3 years
  • Funds stay local to support strong community
  • Work directly with your local community bank you know and trust
Regular Business Savings

A simple, reliable way to set money aside and earn interest. 

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  • Maintain liquidity with flexibility to move money when needed
  • $200 minimum opening deposit
  • Earns interest
  • Save towards future goals and opportunities

See Compare Accounts Page for Additional Details.

Features & Benefits

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Competitive Interest Rates


Grow your savings faster with rates that help your money work harder for you.

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FDIC Insured

Rest easy knowing your deposits are protected up to the applicable limits.

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Local, Personalized Service


Bank with people who know your business—friendly, neighborly support you can count on.

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Flexible Options for Growth


Choose savings solutions that align with your business goals today and tomorrow.

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Digital & Mobile Banking Access


Manage your savings on your schedule with secure online and mobile tools.

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Community Commitment


Your deposits help support local businesses and strengthen the communities we serve.

Visit a Branch

Our experienced team is ready to help you open your account or answer your questions. Find a location near you today.

What to Bring to Open a Business Savings Account
  • Valid government-issued photo ID
  • Social Security Number or Tax ID
  • Business documentation (if applicable)
  • Initial deposit (amount varies by account type)
  • Proof of address (if different from ID)

Need Help?

Our business banking team is here to assist.

Frequently Asked Questions

Find answers to common questions about our business savings accounts.

Are there limits on transfers from business savings accounts?

Yes. Federal regulations limit certain types of withdrawals and transfers to six (6) per statement cycle. In-person and ATM withdrawals are unlimited.

Can I link my savings to my business checking for overdraft protection?

Yes. Linking your savings account can provide automatic overdraft protection. Restrictions and fees may apply.

Is my business savings account FDIC insured?

Yes. All Midwest Bank business savings accounts are FDIC insured up to applicable limits. CDARS® provides coverage for larger deposits.

Can I manage my savings account online?

Absolutely. Access your savings accounts through our online and mobile banking platforms.

Still have questions?