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Opening a Business CD

Opening a CD is a reliable way for your small business to grow using money it's already earned. When you open a CD with Midland, we'll hold your account in an FDIC-insured savings account with a fixed interest rate.

Deposit Funds up to 60 Months

Terms of 6, 12, or 24 month CDs can be opened online.

  • $500 Minimum Opening Deposit
  • No Deposits / Contributions
  • Yes Fixed Rate
  • Yes FDIC Insured Up to the Maximum Amount Allowed
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Key Features & Benefits

Competitive Rates

Grow your funds with some of the highest CD rates.

Compounding Interest

Earn more with interest that compounds every three months*.

Flexible Terms

Take control of your investment by choosing a term length that makes sense for you.

Hassle-Free Renewal

Continue your upward trajectory by automatically renewing your account at its maturity date.

Local Expertise

Decide what's right for your business with help from experts based in Missouri and Illinois.

Frequently Asked Questions

How do I open a small business CD?

You can contact Midland using one of the methods below and one of our bankers will get you signed up based on the terms that are best for you.

Methods of Contact:

  1. Open a 6, 12, or 24-month CD online
  2. Call 1-855-696-4352
  3. Schedule an appointment or stop by a local branch to open a CD with terms ranging from 1- 60 months

Is there a minimum deposit for a small business CD?

Our minimum deposit for CDs is $500.

How long will my money remain in a CD?

You'll keep your money in the CD for up to 60 months depending on the specific term you choose. You may renew your CD at the maturity date.

Can I withdraw my money early?

Yes, but an early withdrawal penalty will apply.

Do CDs automatically renew?

Yes, CD's can automatically renew with the same term at the maturity date.

*Interest defaults to compound every 3 months unless it's requested to receive the interest by check or ACH. Not all CD terms allow interest to compound every 3 months since terms range from 7 days to 60 months. Disclosures are given at the time of account opening that include the interest payment schedule.

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