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Business Savings

Put your business’s excess cash in an interest-earning, FDIC-insured savings account.

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Savings Accounts that Work as Hard as You

Our Business FlexSaver Savings account and Business Money Market account offer high-yield rates and are designed to help your business save and grow. With a range of features, including online access, you can easily manage your funds from anywhere while earning interest. Our competitive interest rates ensure that your money is working hard for you. Open your account online today!

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Compare Business Savings Accounts

Business Money Market Account

Best For:

Businesses that have excess funds and want to maximize their earning potential while maintaining easy access to their funds for future needs.


Key Features:

  • Higher interest rates than traditional savings accounts
  • Tiered interest rates based on account balance
  • FDIC insurance coverage up to the maximum allowed by law
  • Average minimum balance requirements and maintenance fees
  • Online and mobile banking capabilities for easy account management
  • Ability to link to a business checking account for easy transfers and management of funds


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Business FlexSaver

Best For:

Businesses that want a no-frills savings account that earns interest.


Key Features:

  • Lower minimum opening balance requirement than a Business Money Market account
  • Earn interest on your account balance
  • Access funds at any time
  • Free basic business online banking
  • Free e-statements


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Our Robust Digital Tools Make Doing Business Easier

  • Mobile Wallet: Skip the card. Get convenient and secure access to funds using your mobile device.
  • Profile Linking: You’ll see a complete picture of your business finances in one place by having all of your accounts and services linked in Business Online Banking.
  • Mobile Deposits: Quickly and easily deposit checks from anywhere, saving time and increasing efficiency.
  • Account Alerts: Stay on top of your finances with real-time updates on account activity.
  • Manage Account Access: Control who has access to your funds, helping to protect against fraud and unauthorized transactions.
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A History of Helping Clients Reach Their Goals

Midland States Bank is a partner you can count on. Ever since we opened our first branch in Effingham, Illinois, we're dedicated to providing everyone from consumers to corporate clients with world-class banking services.

Today we have multiple branches and a full range of diverse financial services to support you and your business. Achieving your financial goals has never been easier.

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Need Help Choosing the Best Business Savings Account?

If you're unsure which business savings account is right for your business, don't worry - we're here to help. At Midland States Bank, our team of experts can provide personalized guidance and assistance to help you evaluate your options and find the best fit for your financial goals. Contact us today by phone at 855-696-4352 or visit us in branch.

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You Have Questions, We Have Answers

A business savings account is a type of bank account designed specifically for businesses to save money and earn interest on their funds.

Business savings accounts offer several benefits, including FDIC insurance, easy access to funds, and the ability to earn interest on your savings.

A business savings account is designed for saving and earning interest on funds, while a business checking account is used for day-to-day transactions, such as paying bills and making purchases.

Any type of business, including sole proprietors, partnerships, corporations, and LLCs, can open a business savings account.

Some key factors to consider when choosing a business savings account include interest rates, fees, account minimums, access to funds, and additional features like online banking and mobile apps. Call Customer Care at 1-855-696-4352 and ask to speak with your local Commercial Relationship Manager or request a consultation. A Commercial Relationship Manager will contact you to help align your business with the right financial products and services.

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