Investing

Your idle cash should earn a return – even if it's only for a week or a day. Cash reserves are essential for the occasional cash shortfall or the unplanned business opportunity that's too strategic to pass up. Our Investment capabilities allow you to take advantage of opportunities to grow your cash balances while preserving liquidity and maintaining acceptable risk.

First Midwest Cash Management Investing Solutions

Business Money Market Account

This investment account is designed for any business wishing to put excess funds to work to earn interest at a competitive rate. Our Business Money Market Account is available to:

  • Businesses
  • Organizations
  • Sole proprietorships
  • Security deposits
  • Escrow funds
  • Trust and other fiduciary accounts
  • Public funds and nonprofit organizations operating for religious, charitable, educational or similar purposes

For more information on our Business Money Market Account, call us today at 800-322-3623 and we will connect you with a First Midwest Business Banker.

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Premier Business Money Market

Earn greater returns on your higher balances with a tiered rate structure account. First Midwest's Premier Business Money Market allows your commercial funds to earn a variable interest rate based on the balances and is based on the amount of funds you have in your Account. Minimum $50,000 to open and maintain account.

For more information on Premier Business Money Market, call us today at 800-322-3623 and we will connect you with a First Midwest Business Banker.

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Certificates of Deposit

Certificates of deposit offer fixed rates over a specified term – generally from 30 days to five years. Annual percentage yields are higher than with savings accounts and typically increase with the length of the term. CDs are excellent investments for those who don't require liquidity and seek a predictable return.

For more information on our Certificates of Deposit options, call us today at 800-322-3623 and we will connect you with a First Midwest Business Banker.

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Repurchase Agreements1

Repurchase Agreements are collateralized by U.S. Government securities and are an excellent investment for those who need to maximize their earnings with the opportunity to choose a specific maturity date. These interest-bearing investments provide enhanced earnings based on length of term committed to the funds. Repurchase Agreements offer fixed rates over a specified variable term, generally from 30 days up to 365 days (municipalities have a maximum term of 330 days). The minimum Repurchase Agreement amount is $100,000.

For more information on Repurchase Agreements, call us today at 800-322-3623 and we will connect you with a First Midwest Business Banker.

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Institutional Cash Management Account2

Available to institutions and public entities, our Institutional Cash Management Account optimizes interest earnings with automatic sweeps to an overnight repurchase agreement (repo). This provides interest on excess funds and eliminates any surplus cash position, allowing specified cash levels to be maintained.
 

Based on a predetermined threshold balance, excess cash in your checking account is automatically transferred to or from your investment account as needed. This enables you to earn competitive daily interest while also covering disbursements from your checking account. With this account, you'll be certain that the most is being made of your surplus cash.

For more information on our Institutional Cash Management Account, call us today at 800-322-3623 and we will connect you with a First Midwest Business Banker.

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Business Savings Accounts

Our Business Savings Account is designed to earn interest while not locking up deposits for an extended period of time. Unlimited deposits may be made at the Teller line or through the night depository. Interest is credited and compounded monthly based on the daily collected balance and the number of calendar days in the year.

For more information on Business Savings options for your business, call us today at 800-322-3623 and we'll connect you with a First Midwest Business Banker.

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Customer Care

Got questions? Get answers.

Call us at 800-322-3623.

  • Monday – Friday: 7am – 7pm
  • Saturday: 8am – 5pm
  • Sunday: 9am – 2pm

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