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.
Featured Business Savings Rates
Nationwide Business Premium Savings
With the Nationwide Business Premium Savings account:
- Business owners get up to $375 welcome bonus!*
- Choose smarter business banking by Dec. 31 and enjoy up to 4.01% APY* and a bonus of up to $375 when you maintain a minimum average daily balance of $75,000.† Just use promo code BPS375 on your application.
- Earn up to 4.01% APY
- $25,000 minimum opening deposit
- No monthly maintenance fee
- No average daily balance requirement fee
- Free image statements
- Free online banking
- Remote deposit from anywhere
How to earn it:
- You must be approved for your new Business Premium Savings account and fund it within 30 days of account opening.
- An incentive of up to $375 can be earned during the first four (4) statement cycles.
- A statement cycle is a calendar month consisting of at least one day your account was open during that month.
- $75 will be earned for each statement cycle during which the average daily balance in your Business Premium Savings account is between $30,000 and $74,999.99.
- $125 will be earned for each statement cycle during which the average daily balance in your Business Premium Savings account is a minimum of $75,000 or greater.
- You can earn a maximum of three (3) payouts during the four (4) statement cycles, and the incentive will be deposited into your Business Premium Savings account within 10 business days following the end of the statement cycle in which the balance requirement was met.
- Your Business Premium Savings account must remain open and in good standing at the time the incentive is paid to be eligible.
- Furthermore, your Business Premium Savings account must remain open for 120 days, or an early closure fee of up to $375 may apply.
(FDIC Insured)
Axos Bank Business Interest Checking
With the Axos Bank Business Interest Checking, you’ll earn up to 1.01% APY and the opportunity to earn a $400 bonus.
You can earn a $400 bonus when opening a new Business Interest Checking account from Axos Bank. To be eligible, you must complete certain requirements.
- What you’ll get: $400 bonus + up to 1.01% APY
- Eligible account: Business Interest Checking account
- How to earn it: Customer must complete the following activities:
- Open a new Business Interest Checking account using promo code NEW400.
- You must be approved for your new Business Interest Checking account and fund it within 30 days of account opening.
- An incentive of up to $400 can be earned during the first five (5) statement cycles.
- You can earn a maximum of four (4) payouts during the five (5) statement cycles, and the incentive will be deposited into the qualifying account within 10 business days following the end of the statement cycle in which the balance requirement was met.
- $75 will be earned for each statement cycle, up to $300 when you meet three requirements:
- 1) the average daily balance in your Basic Business Checking account or Business Interest Checking Account is between $25,000 and $49,999.99,
- 2) you have completed ten (10) point-of-sale transactions per month using your Small Business Checking Visa® Debit Card for signature-based purchases with a minimum of $3 per transaction,
- 3) You must also have bill pay set up and connected to your Basic Business Checking account or Business Interest Checking account. The bill pay transaction minimum is $10.
- $100 will be earned for each statement cycle, up to $400 when you meet three requirements :
- 1) the average daily balance in your Basic Business Checking account or Business Interest Checking Account is greater than $50,000,
- 2) you have completed ten (10) point-of-sale transactions per month using your Small Business Checking Visa® Debit Card for signature-based purchases with a minimum of $3 per transaction,
- 3) You must also have bill pay set up and connected to your Basic Business Checking account or Business Interest Checking account. The bill pay transaction minimum is $10.
- $75 will be earned for each statement cycle, up to $300 when you meet three requirements:
- Your Small Business Checking account must remain open and in good standing at the time the incentive is paid to be eligible. Furthermore, your Small Business Checking account must remain open for 150 days, or an early closure fee of up to $400 may apply.
(Visit Axos Bank to learn more)
U.S. Bank Platinum Business Money Market
Earn higher rates of interest on higher balances when you open a new Platinum Business Money Market account before May 8, 2024. Plus, pay no maintenance fee per statement cycle as long as you maintain a daily balance of $10,000. Member FDIC.
Complete these steps to earn the offer:
- Open a new Platinum Business Money Market Account
- Earn up to 4.50% APY
- FDIC insured
- Earn higher interest on higher account balances
- Accrue interest daily and get paid interest monthly
- Link to your U.S. Bank business checking account
- Access U.S. Bank ATMs
- Free U.S. Bank Internet Banking
(FDIC Insured)
Lili Banking
With Lili Banking, you’ll earn 4.15% APY on your funds with business banking. You’ll enjoy banking that was designed for your business with checking, taxes, account, and more – all in one app!
- Savings with 4.15% APY
- No Minimum Balance
- $0 overdraft fees
- No hidden fees
- Tax Optimizer. Write-Off Tracker, Automatic Tax Savings, Schedule C Generator
- DIY Accounting. Invoicing Software, Receipt Scan & Save, Transaction Categorization
- Customer Support on Your Schedule
- FDIC Insured
(Member FDIC)
Live Oak Bank Business Savings
With the Live Oak Bank Business Savings account, earn 4.00% APY.
- Human-powered service. Their customer success team is dedicated to providing you personalized support
- No monthly fee. Their accounts have no online banking or monthly maintenance fees
- FDIC insurance. Funds deposited are insured up to $250,000
- Online account opening. Open your account in minutes and manage it completely online.
(FDIC Insured)
Grasshopper Bank Business Checking
With the Grasshopper Bank Business Checking, earn 2.25% APY on balances over $10,000. On top of that, earn 1% cash back with no monthly fee and unlimited transactions.
- Innovator Checking clients get exclusive access Grasshopper’s to Innovator MMA Savings account which earns 3.75% APY with balances over $25,000.
- Convenient Payment Options: Make secure purchases online or in-store with a tap, swipe or from your mobile wallet with your Grasshopper debit card.
- 24/7 Access to your Money: Fee-free withdrawals at 37,000+ MoneyPass and 8,500+ SUM ATMs nationwide.
- Earn Unlimited 1% Cash Back: Get 1% cash back on online and in-store signature based purchases.
- Instant-Issue Virtual Cards: Create and issue virtual debit cards instantly. Utilize these virtual debit cards for in-person contactless payments or online purchases.
- Digital Card Controls: Elevated security allows you to lock and unlock your card in seconds.
- Unlimited Transfers: Move money easily with unlimited free ACH and incoming domestic wires.
(FDIC Insured)
Bluevine Business Checking
With the Bluevine Business Checking account, you’ll get big benefits on top of saving on fees, earn interest, and setting up your business for success.
- Earn 2.00% high yield interest on your balance up to and including $100,000 if you meet a monthly activity goal.
- No monthly fees; no overdraft fees
- Open an account with no minimum deposit required.
- Make all the deposits or payments you need with no limit on your number of transactions.
(FDIC Insured)
Best Business Savings Rates
Bank | Account Type | APY | Minimum/Maximum | Review |
---|---|---|---|---|
Mercury | Mercury Treasury | 5.40% | No min/No max | Review |
Prime Alliance Bank | Business Savings | 4.25% | $200K Min/No max | Review |
Lili Banking | Business Banking | 4.15% | No min/No max | Review |
Live Oak Bank | Business Savings Account | 4.00% | $200K min/No max | Review |
American Heritage Credit Union | High Yield Business Savings | 3.75% | $10K min/No max | Review |
LendingClub Banking | Business Savings | 3.60% | No min/No max | Review |
Newtek Bank | Business Savings | 3.50% | No min/No max | Review |
First Internet Bank | Business Money Market Savings | 3.46% | No Min/$5M max | Review |
Seattle Bank | Private Concierge Business Savings | 3.40% | No min/$999,999 max | Review |
Heritage Bank | Business Jumbo Deposit | 3.02% | $230k min/No max | Review |
NBKC Bank | Business Money Market | 2.75% | No min/No max | Review |
Financial Resources FCU | Business Purple Savings | 2.27% | $100k min/No max | Review |
Grasshopper Bank | Business Checking | 2.25% + 1% Cash Back | No min/No max | Review |
Paramount Bank | Business Money Market | 2.25% | No min/No max | Review |
Bluevine | Business Checking | 2.00% | No min/$100K max | Review |
LendingClub | Business Tailored Checking | 1.50% | No min/No max | Review |
American Express (30K Bonus Points) | Business Checking | 1.30% | No min/ $500K max | Review |
Greenwood Credit Union | 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 |
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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