Welcome to United Midwest Savings Bank's new website. Our look is different, but all of our great products and services are here - just easier to find and use. And our site is now mobile friendly!

Business Deposit Products

ProductMinimum to OpenMonthly Service ChargeInterest EarnedMinimum BalanceAdditional Features
Business Basic Checking$500NoNoNone200 Debit Check transactions free; $0.30 per additional item
Business Interest Checking$1,000NoYes$1,000 balance to earn interest200 Debit/Check transactions free; $0.30 per additional item
Business Money Market Savings$10,000$10 monthly (No fee if a $10,000 average monthly balance is maintained)Yes, tiered by balance*$10,000 balance to earn interestLimited to 6 pre-authorized transfers or withdrawals per statement cycle***
Business Statement Savings$500NoYesNoneLimited to 6 pre-authorized transfers or withdrawals per statement cycle***
Business Certificate of Deposit$500NoYes**NoneInterest can be compounded, mailed by check or automatically transferred to a UMWSB checking or savings or to another bank

* Business Money Market Tiers:
   Up to $9,999.99
   $10,000 - $49,999.99
   $50,000 - $99,999.99
   $100,000 - $199,999.99
   $200,000 and greater

** APY - Annual Percentage Yield: Assumes principal and interest remain on deposit for the entire year. Withdrawals will reduce earnings on the account. CDs require a $500 minimum balance to earn the APY. There is a penalty for early withdrawal. All product rates are subject to change at any time. Contact your local branch for current rates.

*** If transaction limitations are exceeded, the Excess Withdrawal fee will be deducted from the account and/or the account may be changed to a non-interest bearing checking or interest bearing checking if eligible. 

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Business Basic Checking

Keeping it simple, so you can focus on your business. 
Our Business Basic Checking account is a basic account designed specifically for small business owners. With this product, we keep it simple. 

 

  • Opening deposit amount of $500.00
  • No monthly service charge
  • Up to 200 debit check transaction items per month for free & $0.30 per each additional item
  • EStatements or mailed paper statement
  • For a minimal fee of $5.00 per month you may receive check images with the statement
  • Monthly Dormancy Fee applied if no activity for 12 months
  • Early Closing Fee if the account is closed within 180 calendar days of the opening date
     

Business Interest Checking

No strings attached to earn interest. 
Same great product as our basic Business Checking account with the opportunity to earn interest.

  • Opening deposit amount of $1,000.00
  • Minimum balance requirement to earn interest is $1,000.00
  • No monthly service charge
  • Up to 200 debit check transaction items per month for free & $0.30 per each additional item
  • EStatements or mailed paper statements
  • For a minimal fee of $5.00 per month you may receive check images with the statement
  • Monthly Dormancy Fee applied if no activity for 12 months
  • Early Closing Fee if the account is closed within 180 calendar days of the opening date 

Business Money Market

Our Business Money Market provides competitive rates for your short-term savings needs. 
The Business Money Market is tiered to help you get the best interest rate possible, while still providing access to funds:

  • Up to $9,999.99
  • $10,000.00 to $49,999.99
  • $50,000.00 to $99,999.99
  • $100,000.00 to $199,999.99
  • $200,000.00 and greater 

Key features:

  • Opening deposit amount of $10,000.00
  • No minimum balance requirement to earn interest
  • $10.00 Monthly Service Charge (may be avoided by maintaining a $10,000.00 average monthly balance)
  • Limited to 6 pre-authorized transfers or withdrawals per statement cycle***; Unlimited deposits
  • EStatements or mailed paper statements
  • For a minimal fee of $5.00 per month you may receive check images with the statement
  • Early Closing Fee if the account is closed within 180 calendar days of the opening date 

For current interest rates, contact your Local Branch.

Business Statement Savings

A savings account to grow with your business.
Setting money aside for the future of your business is important. Earn interest on your savings with our Business Statement Savings account.

  • Opening deposit amount of $500.00
  • No minimum balance requirement
  • No Monthly Service Charge
  • Limited to 6 pre-authorized transfers or withdrawals per statement cycle***; Unlimited deposits
  • EStatements or mailed paper statements
  • Monthly Dormancy Fee applied if no activity for 12 months
  • Early Closing Fee if the account is closed within 180 calendar days of the opening date 

For current interest rates, contact your Local Branch.

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Business Certificates of Deposit

We offer flexible terms with extremely competitive interest rates.
Watch your savings grow as your business does. Easy to open, low risk, and guaranteed returns make CDs a great option for your savings needs. We offer flexible term options between 3 months to 5 years so you can plan for future business goals.

For current interest rates, contact your Local Branch.

Additional Services

Re-order Checks

Your checks are handled through a third-party check printing vendor. We can assist you in setting up your check order*, or you can access their website through the link below.

Save time by placing check re-orders online.

Click Here to Re-order Checks

*Check printing charges apply to re-orders placed online and will be automatically deducted from the checking account.

Balance Protection Program

The Balance Protection Program is a FREE service that allows you to protect your checking account from overdrafts, returned checks, or incomplete electronic payments.  Simply link your primary United Midwest checking account to another United Midwest savings or checking account, and funds are automatically transferred anytime your primary account's balance goes negative.

To enroll, visit your local branch and complete the Balance Protection Program form.

Automatic Transfers

Automatic Transfers are a good way to schedule recurring payments for any loan you may have with our bank. They’re also a great way to easily move funds into a savings account, to transfer allowance to your child’s linked account, or to transfer CD interest credits into another linked account.

Ask your local branch for more information on these valuable services.

Safe Deposit Boxes

We offer Safe Deposit Boxes at select branches and in various sizes for an annual fee. Box sizes, fees, and availability may vary by location, so please contact your local branch for more information.

EStatements

Switching to eStatements puts your banking information at your fingertips with expedited delivery. View eStatements from anywhere online and download directly to your computer. Print statements only when you need them. If you have more than one authorized signer on the account, each individual may access eStatements using their own online access username. 

To get started, log in to Online Banking. New Online Banking users may Click Here to Enroll.

If you don't want the full online banking experience, you may signup for our EStatements Only option.

Combined Statements

Our combined statements can include any or all of your checking and savings accounts as well as the balances of your Certificates of Deposit accounts and/or Individual Retirement Accounts (IRAs). Please contact your local branch to get started.

Branch Locations

Columbus, Ohio – Reed Rd.

Columbus, Ohio – East Broad St.

Westerville, Ohio – State St.

DeGraff, Ohio

West Manchester, Ohio

Lake Mary, Florida

Looking for more information?

We understand you don't have time to spare when banking. Lean on our expertise to guide you through the process.