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.
Update 12/2/24: We’ve updated our list of the top rates for business accounts.
Featured Business Savings Rates
Live Oak Bank Business Savings $200 Bonus
Growing your savings just got easier! Open a new Live Oak Bank business savings account with qualifying activities to receive a $200 cash bonus.
- 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.
How to earn bonus:
- Open a Live Oak Bank business savings account by 01/13/25.
- Fund Your Account. Deposit at least $20,000 into your account by 01/13/25.
- Maintain Your Balance. Maintain a balance of at least $20,000 for 60 days.
- If all eligibility criteria are met, the $200 cash bonus will be deposited to your open, eligible account within 45 days following the expiration of the 60-day period
(FDIC Insured)
Bluevine Business Checking $300 Bonus
You can earn $300 when you open a new Bluevine Business Checking account and meet eligibility requirements.
How to earn it:
- To get your $300 bonus, apply for a Bluevine Business Checking account anytime between now and 12/31/2024 using referral code RV300.
- After opening your account, deposit a total of $2,000 within the first 30 days. After 30 days, maintain a minimum daily balance of $2,000 while also completing at least one of the following eligibility requirements every 30 days for 90 days:
- Deposit at least $5,000 from eligible merchant services to your Bluevine account OR
- Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers OR
- Spend at least $2,000 on eligible transactions1 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
(Learn more at BlueVine)
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 1.50% 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 Business Premium Savings
Unlock a bonus up to $375 with Business Premium Savings. Save more, pay lower fees, and get a limited-time bonus up to $375 with a 4.01% APY* Business Premium Savings account. Use promo code BPS375.†
How to earn it:
- Business Premium Savings bonus of up to $375: 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.
(at Axos Bank)
Terms:
- To be eligible to earn all or a portion of the cash incentive as part of the promotional offer “BPS375,” a Business Premium Savings (BPS) account must be submitted between 08/08/2024 at 12:00 am PT and 12/31/2024 at 11:59 pm PT. Axos Bank reserves the right to limit each primary account holder or business title to one (1) savings account promotional offer per year. Businesses that have held an Axos Bank or UFB savings account for the past 12 months under the same title are not eligible for this offer. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor.
Unlock a bonus up to $375 with Business Premium Savings.- Save more, pay lower fees, and get a limited-time bonus up to $375 with a 4.01% APY* Business Premium Savings account. Use promo code BPS375.†
- Earn 4.01% APY* With Business Premium Savings
- Free domestic and international incoming wires
- No monthly maintenance fee
- No minimum opening deposit
- No average daily balance requirement
- Business deposit accounts FDIC insured up to $250k
(at Axos Bank)
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
Receive a bonus interest rate up to 3.50% from the account opening date when you open a new Platinum Business Money Market Account and complete qualifying activities, subject to certain terms and limitations. Offer valid through December 20, 2024.
Complete these steps to earn the offer:
- Open a new Platinum Business Money Market Account
- 3.50% bonus interest rate when your account balance tier is between $25,000 to $2,999,999.99
- For Platinum Business Money Market accounts with $3 million or greater in balances, the bonus interest rate does not apply, and the full account balance will earn the standard variable interest rate in effect at that time.
(FDIC Insured)
With the Live Oak Bank Business Savings account, earn 3.80% 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.
Human-powered service. Their customer success team is dedicated to providing you personalized support- No online banking or monthly maintenance fees
- No minimum balance requirements
- Open account online in minutes
- Human-powered support
- Available to businesses nationwide
- FDIC insured up to $250,000
(FDIC Insured)
Lili Banking
With Lili Banking, you’ll earn 3.65% 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 3.65% 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)
Grasshopper Bank Business Checking
With the Grasshopper Bank Business Checking, earn 1.80% 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 3.30% 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 Premier Business Checking
With Bluevine Premier, you get a higher yield business checking account, savings on payments, and more.
- 4.00% APY on balances up to $3M
- 50% off most standard payment fees
- Priority customer support
- ($95/month or $0/month)
You can waive the monthly fee for Premier by maintaining an average daily balance of at least $100,000 across your Bluevine Business Checking account and sub-accounts each billing period, and spending at least $5,000 with your Bluevine debit card each billing period.
(Member FDIC)
Best Business Savings Rates
| Bank | Account Type | APY | Minimum/Maximum | Review |
|---|---|---|---|---|
| Mercury | Mercury Treasury | 4.65% | No min/No max | Review |
| Prime Alliance Bank | Business Savings | 4.25% | $200K Min/No max | Review |
| Bluevine | Premier Business Checking | 4.00% | No Min/$3M max | Review |
| Capital One | Business Savings | 4.00% | $10K min/$5M max | Review |
| Live Oak Bank | Business Savings Account | 3.80% | $200K min/No max | Review |
| Lili Banking | Business Banking | 3.65% | No min/No max | Review |
| American Heritage Credit Union | High Yield Business Savings | 3.50% | $10K 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 |
| LendingClub Banking | Business Savings | 3.00% | No min/No max | Review |
| NBKC Bank | Business Money Market | 2.75% | 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 |
| Paramount Bank | Business Money Market | 1.50% | No min/No 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 |
| 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.