Are you looking for the best business savings account in Central Illinois? For more than a century, we’ve helped local businesses like yours grow and thrive. When it comes to choosing a business savings account, you want to know that your extra cash is working as hard for your business as you do. Browse our interest-bearing savings accounts below, with different options for a variety of business sizes and needs.
Business Savings Account
Store extra funds in this straightforward savings account. Earn a competitive interest rate on your rainy day fund or save for a specific goal, such as an equipment purchase. With a business savings account from Flanagan State Bank, you can keep your business ready to seize opportunities when they arise.
Benefits of Business Savings
- Competitive rates
- Access to your funds when needed
- Free online banking
- Avoid $3.00 monthly service charge by maintaining $50.00 minimum balance
- $50.00 minimum deposit to open
Call or visit your nearest location to learn more about Business Savings or to open a new account!
Business Money Market Account
Does your business keep a higher average balance in savings? Increase your earning potential without locking up your funds. In fact, access is enhanced with check-writing ability.
Benefits of Business Money Market
- Tiered rate structure
- Ability to earn higher rate with larger balances
- Enhanced access to funds via limited direct-check writing
- Free online banking
- Avoid $5.00 monthly service charge by maintaining $1,000.00 minimum balance
- $1,000.00 minimum deposit to open
Call or visit your nearest location to learn more about Business Money Market or to open a new account!
Certificates of Deposit (CDs)
Do you have business savings you know you won’t need to access for a while? Improve your earnings without risking any of your company’s cash assets. Simply pick the term and your funds earn a guaranteed fixed rate. By laddering maturity dates, you can add liquidity to your CD investments.
Benefits of Business CDs
- Higher returns than savings accounts
- Fixed rates for length of term
- Terms range from 30 days to 5 years
- Early withdrawal penalties apply
- $500.00 minimum deposit to open
Call or visit your nearest location to learn more about Business CDs or to open a new account!