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:
Up to $210 Bonus for Business Owners*- Choose smarter business banking by June 30 and enjoy up to $210 bonus.* Just use promo code BPS210 on your application.
- 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
How to earn it:
- Use promo code BPS210 when you apply to get up to $210 bonus for your Business Premium Savings account.
- You must be approved for your new Business Savings account and fund it within 60 days of account opening.
- A cash bonus of up to $210 can be earned in the following manner during the first four (4) statement cycles.
- A statement cycle is a calendar month consisting of the days your account was open during that month.
- $70 will be earned for each statement cycle during which the average daily balance in your Business Premium Savings account must be at minimum $20,000 or greater.
- A maximum of three (3) payouts can be earned during the first four (4) statement cycles.
- The bonus 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.
(FDIC Insured)
Live Oak Bank Business Savings
With the Live Oak Bank Business Savings account, earn 4.00% APY + $300 bonus.
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.
How to earn it:
- Earn $300 when you open a new Live Oak business savings account between 4/3/23 and 5/31/23.
- Deposit at least $30,000 into your savings account within 15 days of opening the account and no later than 5/31/23.
- Maintain a balance of $30,000 or more for 90 consecutive days and watch your business savings grow.
- Must be a first-time Live Oak business savings customer to be eligible for this bonus offer. See full terms and conditions.
(FDIC Insured)
U.S. Bank Platinum Business Money Market
U.S. Bank is offering an introductory bonus interest rate of 4.25% for 6 months 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 July 31, 2023. Member FDIC.
Complete these steps to earn the offer:
- Open a new Platinum Business Money Market Account
- Deposit $25,000 – $2,999,999.99 in new money deposits
(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 Business Checking account using promo code NEWBIZ200 to earn a $200 bonus. Application must be submitted before 11:59pm on 6/30/2023 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 Business Checking account using promo code NEWBIZ200 to earn a $200 bonus. Application must be submitted before 11:59pm on 6/30/2023 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 | 5.10% | No min/No max | Review |
| Live Oak Bank | Business Savings Account | 4.00% | $1K min/No max | Review |
| Prime Alliance Bank | Business Savings | 4.00% | $200K Min/No max | Review |
| LendingClub Banking | Business Savings | 3.60% | No min/No max | Review |
| American Heritage Credit Union | High Yield Business Savings | 3.55% | $10K min/No max | Review |
| Newtek Bank | Business Savings | 3.50% | No min/No max | Review |
| First Internet Bank | Business Money Market Savings | 3.35% | No Min/$5M max | Review |
| Seattle Bank | Private Concierge Business Savings | 3.10% | No min/$999,999 max | Review |
| Heritage Bank | Business Jumbo Deposit | 3.02% | $230k 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 |
| Bluevine | Business Checking | 2.00% | No min/$100K max | Review |
| Lili Banking | Business Banking | 2.00% | No min/No max | Review |
| NBKC Bank | Business Money Market | 2.00% | No min/No max | Review |
| Paramount Bank | Business Money Market | 2.00% | 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 |
| 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.