How it Works
1.  Deposit and Withdrawal Money:   Funds collected from customers are deposited to your account as collected and withdrawals may be made at any time, subject to transaction limitations.
2.  Earns Interest:   Interest is credited and compounded monthly based on the daily collected balance.
3.  Withdrawals:   Unlimited withdrawals are available if completed in person. In addition, you may make unlimited transfers from this account to pay any loans at First Midwest Bank.*
4.  Statements:   You receive a quarterly statement of detailed account activity or you can receive a monthly statement when you combine your account with your First Midwest Business Checking Account.

*As required by federal regulations, certain transfer limitations apply to savings accounts. Up to six pre-authorized transfers or withdrawals are permitted if they are done in person, by messenger or by mail. You may also make unlimited transfers from your savings account to pay loans you have at First Midwest Bank. Withdrawals made by telephone (via a check mailed to you) are also unlimited (if check is not mailed to you, the transfer counts toward your six maximum transfers per month). If you exceed these transfer limitations, your account may be closed or your funds transfer to a non-interest bearing account. Federal regulations provide that we must retain the right to require at least 7 days written notice prior to any withdrawal from a business savings account. If we tell you that we require 7 days written notice, we will not pay your funds until expiration of that notice period. Although we usually pay withdrawals or checks without notice, our doing so does not mean that we give up this right.