Find the Best Business Savings Accounts & Rates here.
Business savings accounts are a great way to help businesses manage finances. If you are a business owner, make sure you maximize and protect your hard earned cash by opening a business savings account.
We’ve updated our list of the top rates for business accounts.
Featured Business Savings Rates
Piermont Bank High-Yield Business Money Market
With the Piermont Bank High-Yield Business Money Market account, you can earn up to 3.75% APY.
Open an account completely online in minutes to get the best of banking and yield on your funds.- The first FDIC designated multi-racial Minority Depository Institution (MDIs) in the nation It is the only bank with a female CEO, female Board Chair, and a board that is 78% women.
- Make a return on the funds you don’t need to access regularly
- Access to world-class online and mobile banking 24/7
- Variable interest rates, unlimited deposits
- FDIC-insured up to the maximum allowed by law. Extended FDIC insurance available for enrollment
- $25 monthly maintenance fee waived if you maintain a monthly average balance of $1,000
- Maximum six debit transactions per monthly statement cycle by check, debit card, online banking or electronic transfer or payment to a third party
(FDIC Insured)
Live Oak Bank Business Savings
Growing your savings just got easier! Open a new Live Oak Bank business savings account and earn 2.75% APY. Big banks offer high fees and low interest rates. Enjoy a better way to save for your business. High-yield interest. No monthly maintenance fees. No minimum balance requirements.
High interest rate- Transparent online account opening
- FDIC insurance up to $250,000
- Maximize Your Returns. Our competitive business savings interest rates fuel your growth.
- Protect Your Assets. Your deposits are FDIC-insured, safeguarding your business from financial risks.
- Streamline Your Financial Management. Open your business savings account online and add authorized signers to accelerate efficiency.
- Integrate with Your Accounting Software. Connect your account to QuickBooks for seamless financial tracking and reporting.
- Avoid Unnecessary Costs. Benefit from no monthly maintenance fees, boosting your business’ bottom line.
Unlock the potential of your business savings.
(FDIC Insured)
Best Business Savings Rates
| Bank | Account Type | APY | Minimum/Maximum | Review |
|---|---|---|---|---|
| Piermont Bank | High-Yield Business Money Market | 3.75% | $20K min/No max | Review |
| Mercury | Mercury Treasury | 4.08% | No min/No max | Review |
| Lili Banking | Business Banking | 4.00% | $500K min/No max | Review |
| Prime Alliance Bank | Business Savings | 3.90% | $200K Min/No max | Review |
| Capital One | Business Savings | 3.50% | $10K min/$5M max | Review |
| Newtek Bank | Business Savings | 3.50% | No min/No max | Review |
| Seattle Bank | Private Concierge Business Savings | 3.40% | No min/$999,999 max | Review |
| American Heritage Credit Union | High Yield Business Savings | 3.20% | $10K min/No max | Review |
| Bluevine | Premier Business Checking | 3.00% | No Min/$3M max | Review |
| First Internet Bank | Business Money Market Savings | 2.94% | No Min/$5M max | Review |
| Heritage Bank | Business Jumbo Deposit | 2.77% | $230k min/No max | Review |
| Live Oak Bank | Business Savings Account | 2.75% | $200K min/No max | Review |
| NBKC Bank | Business Money Market | 2.75% | No min/No max | Review |
| LendingClub Banking | Business Savings | 2.00% | No min/No max | Review |
| Grasshopper Bank | Business Checking | 1.80% + 1% Cash Back | No min/No max | Review |
| Bluevine | Business Checking | 1.50% | No min/$100K max | Review |
| Greenwood Credit Union | Business Money Market | 1.50% | $250K min/No max | Review |
| American Express (30K Bonus Points) | Business Checking | 1.30% | No min/ $500K max | Review |
| Paramount Bank | Business Money Market | 1.25% | No min/No max | Review |
| Premier America Credit Union | Business Money Market | 1.10% | No min/No max | Review |
| Axos Bank ($200 Bonus) | Business Interest Checking | 1.01% | No min/ $49,999.99 max | Review |
| LendingClub | Business Tailored Checking | 1.00% | No min/No max | Review |
| Signature Federal Credit Union | Business Money Market | 1.00% | No min/No max | Review |
Bottom Line
Finally, a business savings account is a great way to earn interest on your business’s money and save up for a big purchase, emergency fund, an unexpected expense, and more!
Furthermore, establishing a savings account for your business may result in future loan approvals since lenders may see that your business has the cash and liquidity to repay the borrowed money.
Be sure to bookmark this list and check back frequently if we helped you find the best savings account and rate for your business.
For more options for personal accounts, see our list of the best bank rates or our list of the latest promotions for business checking accounts.
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