Business Savings

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 purpose. 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 limited check-writing ability.

Benefits of Business Money Market

  • Tiered rate structure
  • Ability to earn higher rate with larger balances
  • Enhanced access to funds via 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!