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Small Business

Prepare for your small business's future with an FDIC-insured savings account.

Let’s Get Started

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Opening a Small Business Savings Account

Our flexible and secured savings account options for small business owners and startups are a reliable way for you to set money aside while building interest. The FlexSaver Savings account offers a safe, low-expense way to deposit earnings.

$3 Per Month


Minimum opening balance $50

Monthly service charge $0


(Your service charge is waived if (1) your minimum daily balance is over $250 or 2) you have an ACH deposit present during the month.)

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Online Savings Accounts for Small Businesses

Variable Interest
Deposit your funds where they can grow.

Dependable Insurance
Secure your savings in an FDIC-insured account.

Affordable Service
Save with a low monthly charge that you can waive by keeping your daily balance over $250.

Let’s Get Started

Other Savings Account Options that Grow with You

Certificate of Deposit Accounts (CDs) →

  • Can have higher rates than other savings account options.
  • Money is saved for a chosen term, typically months or years, gaining interest over time.

See Details


Money Market Accounts →

  • Requires a higher minimum balance — but you'll be earning a higher interest rate on it, helping you reach your financial goals.
  • Offers quick, easy access to your funds with a debit card and checks.

See Details



Who We Are

Here's how we set ourselves apart as one of Illinois and Missouri's best banks for small business savings accounts:

  • Affordability: It only takes $50 to open an account for your small business. 
  • Convenience: We offer online and mobile banking platforms where you can track your savings.
  • Expertise: Our staff knows your neighborhood and your industry. 
  • Versatility: We're a one-stop shop for savings, checking, lending and money management.
  • Security: The Federal Deposit Insurance Corporation (FDIC) protects our savings accounts.

You Have Questions, We Have Answers

You can contact Midland States Bank using one of the methods below and one of our bankers will get you signed up and provided with credentials and access to your banking product.

Methods of Contact:

  1. Open an account online
  2. Call 1-855-696-4352
  3. Schedule an appointment or stop by a local branch

The minimum opening balance for small business savings accounts is $50.

We charge a $3 monthly service fee. We also charge a fee of $40 for closing an account within 180 days of its opening.

We'll waive the fee if your daily balance is over $250 or you have an Automated Clearing House (ACH) deposit during the month.

Rates vary according to federal interest rates and the local market.

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Ready To Take Your First Step?

Whether you’ve been running a business for years or just starting out, we’re here to help by phone or in-person. Or complete the form below and a Midland States Bank representative will be in touch to understand more about your story and connect you with options.

1-855-696-4352, Select Option 5

Schedule Appointment

A $40 fee will be charged when account is closed within 180 days after opening. The monthly fee is waived each month if: 1) your minimum daily balance is $250 or more, or 2) you have an ACH deposit into this savings account during the month. Variable Rate – Your interest rate and annual percentage yield may change. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Determination of rates and frequency of rate changes - At our discretion, we may change the interest rate on your account at any time and without notice. Fees could reduce earnings..

Let's Connect.