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Money Market Accounts

Money Market Accounts are for businesses with large balances that want market-responsive rates and liquidity. With a Money Market Account, your interest rate is determined by the balances that you keep in the account. A money market account will also allow you to access funds via multiple channels, but your funds are not quite as liquid as a Business Savings Account.

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Business Money Market Account

An investment account available to businesses, organizations, sole proprietorships, security deposits, escrow funds, trusts and other fiduciary accounts, public funds and nonprofit organizations operating for religious, charitable, educational or similar purposes. This account requires that you maintain at least $2,500 on deposit.

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Business PrimeLink^SM Investment Account

Earn greater returns on your higher balances with a tiered structure account. This account allows your commercial funds to earn a variable interest rate based on your balances and tied to the national prime interest rate as posted in The Wall Street Journal. This account requires that you maintain at least $50,000 on deposit.

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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.

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Business Savings Account

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.

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For more information about savings options for your business, contact us at 800-322-3623 and we will connect you with a First Midwest Business Banker.