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
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)
Nationwide Business Premium Savings
With the Nationwide Business Premium Savings account:
Earn up to 3.75% 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
(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)
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 $200 bonus.
You can earn a $200 bonus when opening a new Business Interest Checking account from Axos Bank. To be eligible, you must complete certain requirements.
What you’ll get: $200 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 Basic Business Checking account using promo code NEWBIZ200 to earn a $200 bonus. Application must be submitted before 11:59pm on 12/31/2022 to qualify.
- Not a new business? Use promo code NEWAXOSBIZ for a $100 bonus.
- In the first two months after account opening, the average daily balance of the account must be at least $2,500 in order to qualify for the bonus.
- Bonus will be deposited into your new account within 5 business days of your statement cycle date.
- Account must remain open for 180 days or an early closure fee of $50 may apply. Must be new funds to receive bonus credit.
- Open a new Basic Business Checking account using promo code NEWBIZ200 to earn a $200 bonus. Application must be submitted before 11:59pm on 12/31/2022 to qualify.
(Visit Axos Bank to learn more)
Lili Banking
With Lili Banking, you’ll earn 2.00% 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 2.00% 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)
Best Business Savings Rates
| Bank | Account Type | APY | Minimum/Maximum | Review |
|---|---|---|---|---|
| Mercury | Mercury Treasury | 4.68% | No min/No max | Review |
| Live Oak Bank | Business Savings Account | 4.00% | $1K min/No max | Review |
| Prime Alliance Bank | Business Savings | 3.65% | $200K Min/No max | Review |
| LendingClub Banking | Business Savings | 3.60% | No min/No max | Review |
| American Heritage Credit Union | High Yield Business Savings | 3.30% | $10K min/No max | Review |
| First Internet Bank | Business Money Market Savings | 3.14% | No Min/$5M max | Review |
| Sun East Federal Credit Union | Business MAX-Yield Money Market | 3.10% | $2.5K min/No max | Review |
| Heritage Bank | Business Jumbo Deposit | 3.02% | $230k min/No max | Review |
| Seattle Bank | Private Concierge Business Savings | 3.00% | No min/$999,999 max | Review |
| Financial Resources FCU | Business Purple Savings | 2.02% | $100k min/No max | Review |
| Bluevine | Business Checking | 2.00% | No min/$100K max | Review |
| Lili Banking | Business Banking | 2.00% | No min/No max | Review |
| Grasshopper Bank | Business Checking | 1.51% + 1% Cash Back | No min/No 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 |
| NBKC Bank | Business Money Market | 1.26% | No min/No max | Review |
| Greenwood Credit Union | Business Money Market | 1.25% | No min/No max | Review |
| Paramount Bank | Business Money Market | 1.10% | 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.