Loginexpand Help Center Search for: search Personal Business Farm About Us Resources Contact Us Business Savings Business Savings BUSINESS SAVINGS Business Savings, Sweeps and CDARS® Make your cash work harder. Stop in to open your account Here's what you need to know when you open a Statement Savings account with Bank Midwest MINIMUM OPENING DEPOSIT $100 MINIMUM BALANCE $100 MONTHLY FEES* $0 *Provided minimum balance requirements are met. INTEREST RATE 0.05% APY* *Annual Percentage Yields (APYs) effective as of March 10, 2020, and subject to change without notice. $100 minimum opening deposit. Fees may reduce earnings. Set the Rules and Go Sweep Accounts At the end of each business day, we’ll automatically transfer extra cash in $1,000 increments above your target balance from your business checking account into an interest-bearing sweep account. Interest is paid according to daily balance levels and credited after each statement cycle. If your daily cash needs exceed the amount of deposits, your funds will automatically be swept back to your business checking account to cover checks presented and return your account to your target balance. We’ll send email confirmations in addition to your combined monthly statements. Interest rates on the sweep account are determined by the bank and are subject to change on a daily basis*. *The larger the balance you maintain, the higher your rate of interest. FDIC Protection on Higher Balances We partner with CDARS® and other network solutions to protect your cash. Enjoy full FDIC insurance on deposits larger than $250,000**. Avoid the hassle of working with multiple banks and accounts to insure your funds. We have services that can provide you with peace of mind protection and the convenience of working with one bank. **Limits apply. Make Business Savings Work For You We’ll help you make your money work for you. Find us in your neighborhood Have a question? Request a call back Contact Us! Customer Support Phone: 888.902.5662 Monday-Friday: 7 a.m. — 7 p.m. Saturday: 8 a.m. — Noon Email: customersupport@bankmidwest.com Member FDIC | ABA Routing Number 091201643 Equal Housing Lender | NMLS Registry Number – 419278 | More NMLS Registry Information Home | Privacy Policy | Online Privacy Statement | Customer ID Policy Facebook Twitter LinkedIn Instagram © 2021 Bank Midwest.