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Opening a FlexSaver 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.

A Safe, Low-Expense Way to Deposit Earnings

  • $0 per month when qualifications are met*
  • $50 minimum opening balance
  • $250 minimum monthly balance requirement or Monthly ACH deposit*
smiling small business woman standing in her bakery

*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.

Key Features & Benefits

Variable Interest

Deposit your funds where they can grow.

Security

Know that your funds are protected through the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed.

Affordable Service

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

Overdraft Protection

Link your FlexSaver account to your Midland checking account and protect yourself against unexpected overdrafts.

Convenience

Track your savings with ease through online and mobile banking.

Versatility

Get all your financial services in one place—savings, checking, lending, and money management.

A Closer Look at Ways You Can Save

Savings AccountMoney Market AccountCertificate of Deposit
Interest RateLowerModerate to HighHigh
Opening Deposit$50$2,500$500
ATM Accessno No
Check Writingno No
Early Withdrawal PenaltyNoNo 
FDIC Insurance   
Additional BenefitsSimple and easy to useCheck writing and debit cardGuaranteed rate and return
Savings Account
Interest RateLower
Opening Deposit$50
ATM Accessno
Check Writingno
Early Withdrawal PenaltyNo
FDIC Insurance 
Additional BenefitsSimple and easy to use
Money Market Account
Interest RateModerate to High
Opening Deposit$2,500
ATM Access 
Check Writing 
Early Withdrawal PenaltyNo
FDIC Insurance 
Additional BenefitsCheck writing and debit card
Certificate of Deposit
Interest RateHigh
Opening Deposit$500
ATM AccessNo
Check WritingNo
Early Withdrawal Penalty 
FDIC Insurance 
Additional BenefitsGuaranteed rate and return

Upgrade Your Banking Today

Open your account in just a few minutes. 

1. Getting Started To open your account online, we will need to gather information specific to your business.
2. Account Eligibility You'll be asked to review initial eligibility information.
3. Open Your Account The application typically takes about 10-15 minutes.
Friendly staff always willing to help with any problem. Family member banked here for years.
Samuella, Customer for 4 Years
The tellers are all so friendly, and the service is very personal. They suggested that I consider a Money Market Account and were clear in their explanation. They were not pushy, answered my questions, and then let me take my time to mull it over. I am so glad they did, and opening the Money Market Account was very simple. But I think the main thing is that I feel they know me as a person and help me when I get confused.
Deborah, Customer for 14 Years
I love that I don’t have to have a certain balance in my account.
Sharon, Customer for 24 Years

Frequently Asked Questions

Are there any fees?

We charge a $3 monthly service fee, which can be waived if your minimum daily balance is over $250 or if you have an ACH deposit present during the month. We also charge a fee of $40 for closing an account within 180 days of its opening.

How do I open a small business savings account?

You can contact Midland 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

Is there a minimum balance?

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

Is there a way to waive monthly fees?

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

What is the interest rate for small business savings accounts?

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

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.

Prefer Personal Assistance?

Our team of dedicated professionals are here to support you.