Business Savings

Build Savings for Your Business

Whether you’re building reserves, setting money aside for future expenses or looking to earn interest on funds you don’t need for everyday operations, First Bank Midwest offers four Save Accounts for different business balances and needs. 

Everyday Business Savings

A simple place to build business savings.

Everyday Business Savings gives you a separate place to set money aside while earning interest. It’s a straightforward option for businesses that want to build savings over time.

This account may be a good fit if your business:

  • Wants a straightforward interest-bearing savings account
  • Is building reserves over time
  • Prefers a lower balance requirement
  • Typically, has limited savings account transactions

Account Details

  • $100 minimum to open
  • $100 minimum balance
  • $6 monthly service fee if the minimum balance is not maintained
  • Flat interest rate
  • Up to 6 transactions
  • $5 for each additional transaction
  • ATM Card available

Plus Money Market

Tiered interest for growing business balances.

Plus Money Market gives businesses the opportunity to earn tiered interest while keeping funds accessible when needed.

This account may be a good fit if your business:

  • Maintains at least $2,500 in savings
  • Wants to earn tiered interest
  • Wants to keep funds accessible
  • Typically has limited savings account transactions

Account Details

  • $2,500 minimum to open
  • $2,500 minimum balance
  • $10 monthly service fee if the minimum balance is not maintained
  • Tiered interest
  • Up to 6 transactions
  • $5 for each additional transaction
  • ATM Card available

Premier Business Money Market

Earn interest on larger business balances.

Premier Business Money Market is designed for businesses that want to earn interest on larger balances while keeping funds available when needed.

This account may be a good fit if your business:

  • Maintains $25,000 or more in savings
  • Wants to earn interest on a larger balance
  • Wants to keep funds accessible
  • Typically has limited savings account transactions

Account Details

  • $25,000 minimum to open
  • $25,000 minimum balance
  • $15 monthly service fee if the minimum balance is not maintained
  • Flat interest rate
  • Up to 6 transactions
  • $10 for each additional transaction
  • ATM Card available 

Sweep Business Savings

An automated savings option for larger business balances.

Sweep Business Savings is designed for businesses that maintain significant balances and want an automated way to manage funds between an operating checking account and savings while earning tiered interest.

This account may be a good fit if your business:

  • Maintains $100,000 or more
  • Wants to earn interest on larger balances
  • Prefers an automated approach to managing operating and savings balances
  • Doesn't need ATM Card access to savings

Account Details

  • $100,000 minimum to open
  • $100,000 minimum balance
  • $50 monthly Sweep Fee, charged to the operating checking account
  • $10 monthly service fee if the minimum balance is not maintained
  • Tiered interest
  • No transaction limit
  • No additional transaction fee
  • No ATM Card

Not Sure Which Save Account Fits Your Business?

Consider how much your business typically keeps in savings, how often you need access to those funds and the type of interest structure that fits your balance. A First Bank Midwest business banker can help you compare your options.