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Business Savings

Designed for businesses that need a safe, secure way to build savings.

Open An Account

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Simple, Straightforward Savings

Opening a savings account is the easiest way to save money and earn interest. Our no-frills Business FlexSaver savings account is one of the easiest ways to put aside money for your business’s future.

$3 per month


Minimum opening balance $50

Monthly service charge* $3


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

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Benefits of the Business FlexSaver Savings Account

  • Earn interest on your account balance
  • Access funds at any time
  • Free Basic Business Online Banking
  • Free e-statements

Get Started Today >>

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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.

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.

Find a Location Near You >>

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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 you with the right financial products and services.

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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.

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