Skip to Content

Simple & Safe Business Savings

Earn interest while keeping your savings easy to access for rainy days.

Overview

Save for your business' future the easy way. With a Business Savings account, you'll have a low minimum account balance to maintain while earning interest monthly, and the option of using it for overdraft protection to any business checking account.

Earn interest
Low minimum balance
Overdraft protection

Become a MIDFLORIDA Credit Union member and open a Business Savings account by visiting a branch.


Features

Benefits that put you in control.

Details & Fees

No hidden gotchas.

Name Fee
Monthly Maintenance Fee $10 or $0 with one of the following:
- maintain an average daily balance of $100
- maintain $50,000 in loans or $75,000 in cumulative deposits and/or loans
Minimum to Open $100. Plus, all owners of the business must establish a $5 minimum membership account.
Minimum Account Balance $100 average balance
Dividends Yes. View current rates.
Excess Debit Fee $25 per incident
Statement Options eStatements are free with extended eStatement archival for 5 years. Paper statements are available for $2 per month.

Free Business Checking

Business Checking with all of the perks and none of the fees.

Stop wasting your business' hard earned money on bank fees. MIDFLORIDA's Free Business Checking is just that - free. No fees, no minimum balance and all the perks to make banking easy.
Notices & Disclosures
1
Offer valid as of March 15, 2020 and may be cancelled at any time without notice. A $5 deposit is required for membership. Business Account Incentive - To qualify for the $300 incentive, all owners of the business must establish $5 membership accounts, and the business must open a Business Savings account (minimum $100 to open), a Free Business Checking account (minimum $100 to open), an online banking account, eStatement, eNotice, and a debit card, and must make deposits totaling at least $5,000 in a calendar month for two of the first six months of account opening and complete five transactions (deposits, withdrawals, etc.) within the first 45 days. No dividends are paid on Free Business Checking. Annual Percentage Yield for Free Business Checking is 0.00%. Any business EIN that has previously received a business checking incentive will not qualify for the $300 incentive. The $300 will be deposited to the new Free Business Checking account after the qualifications have been met, and will be reported to the IRS. Personal Account Incentive - To qualify for the $300 incentive, you must open a new Free Checking account and borrow from a new loan account (consumer loan, line of credit or credit card) within 45 days of account opening. Credit approval required. Existing loans will not qualify for this offer. The incentive for a new checking account alone is $200. No dividends are paid on Free Checking. Annual Percentage Yield is 0.00%. Anyone who has held a checking account with MIDFLORIDA in the past year will not qualify for the incentive. Opening a new Free Checking account requires accepting and opening online banking, online bill payment, eStatement, eNotice, direct deposit ($500 cumulative which must post within 45 days of account opening) and accepting a debit card. The incentive will be deposited to new Free Checking account after the qualifications have been met, and will be reported to the IRS. Minimum to open Free Checking is $50.