Business Savings Accounts That Work As Hard As You

Independent Bank’s business savings accounts help you grow your funds while keeping them accessible, providing the flexibility and security your business needs.

Open an Account

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EagleFlex Savings

Simple Savings With Easy Access

Businesses seeking a basic savings account
Avoid a $12 quarterly fee with a $300+ average daily balance, combined statements, or eStatements
Competitive tiered interest rates
FDIC insured up to $250,000

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Business Money Market

Higher Returns With Flexibility

Businesses wanting higher returns with limited check-writing
Avoid a $15 monthly fee with a $1,000+ average daily balance
Competitive tiered interest rates
FDIC insured up to $250,000

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EagleAdvantage Money Market

Premium Rates for Larger Balances

Businesses with higher balances seeking premium rates
Avoid a $15 monthly fee with a $10,000+ average daily balance
Premium tiered interest rates
FDIC insured up to $250,000

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CDARS

Keep Large Deposits Insured

Businesses needing FDIC insurance beyond standard limits
Earns interest
Terms range from 4 weeks to 5 years
FDIC coverage beyond $250,000

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ICS

Secure Large Deposits With Liquidity

Businesses seeking full FDIC insurance on large deposits with liquidity
Interest-bearing
Unlimited withdrawals
FDIC coverage beyond $250,000

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Business CDs

Guaranteed Growth With Fixed Returns

Fixed interest rate for term
Withdrawals restricted to CD term
FDIC insured up to $250,000
Balance requirements vary by term

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Business Savings FAQs

Answers to Common Questions About Business Savings Accounts

What do I need to open a business account?

All applicant(s) will need to provide their Social Security number, date of birth, occupation, and physical address. Applicant(s) must be an authorized officer of the business and a U.S. resident.
The business should be legally formed in the U.S. and have operations in Michigan.
The applicant(s) will need to provide the legal business name, address, business tax ID number, the date the business was established, as well as any supplemental business documents requested.

Which accounts can I open online?

All business savings accounts can be opened online.