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Best-of Awards 2026
Best business savings accounts
Here are our complete picks, in alphabetical order:
- Axos Business Premium Savings Account: Best overall business savings account.
- Capital One Business Advantage Savings: Best for promo APY (savings account).
- First Internet Bank Business Money Market Savings: Best overall business money market account.
- Grasshopper Business Innovator Savings Account: Best for large savings balances.
- Live Oak Bank Business Savings: Best for business savings account with unlimited transactions.
- nbkc bank Business Money Market Account: Best for money market account with no transaction limit.
- Piermont Bank Business Money Market Account: Best for money market account with high APY.
- Prime Alliance Bank Business Savings: Best for high APY on large balances.
- U.S. Bank Platinum Business Money Market Account: Best for bonus APY (money market account).
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No monthly fee- No minimum deposit
- No overdraft fees
- Free cash deposits
- Interest-earning
- Physical checks
- Cash deposits
- Insured cash sweep
- Branch access
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Showing 0 of 9 results
Business Premium Savings Account
Best for Overall business savings account
APY
3.50%
Earn 3.50% APY on all balances.
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
$600
Earn a bonus of up to $600 when you bundle a new Business Premium Savings account with a new Basic Business Checking account and use promo code SBB600. Terms apply. Offer expires 06/30/2026.
Requirements to qualify
at Axos Bank®, Member FDIC
Pros
- Industry-leading APY.
- No minimum balance to earn interest.
- Access to Insured Cash Sweep network for expanded FDIC insurance.
Cons
- Fee for excess transactions.
- No ATM or debit card access.
This account earns a high APY on all balances and has no minimum opening deposit or monthly maintenance fee. Plus, account holders can opt into an Insured Cash Sweep account to extend FDIC coverage to up to $240 million for no additional charge.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Pros
- Industry-leading APY.
- No minimum balance to earn interest.
- Access to Insured Cash Sweep network for expanded FDIC insurance.
Cons
- Fee for excess transactions.
- No ATM or debit card access.
This account earns a high APY on all balances and has no minimum opening deposit or monthly maintenance fee. Plus, account holders can opt into an Insured Cash Sweep account to extend FDIC coverage to up to $240 million for no additional charge.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Capital One Business Advantage Savings
Best for Promo APY (savings account)
APY
3.50%
The promotional rate of 0.25% APY applies to accounts with a balance up to $9,999.99. The promotional rate of 3.50% APY applies to accounts with a balance of $10,000 to $10 million. The promotional rate of 0.10% APY applies to accounts with a balance above $10 million. Promotional interest rate expires after 3 months (92 days) at which time a variable interest rate will apply that is subject to change at any time without notice.
With $10,000 min. balance for APY
Monthly fee
$3.00
Waived with $300 minimum balance
Bonus
N/A
at Capital One, Member FDIC
Pros
- High promotional APY.
- High fee-free cash deposit limit.
- Accepts cash deposits.
Cons
- Monthly fee (though it’s low and relatively easy to waive).
- Promo APY lasts only three months.
Capital One's business savings account offers attractive promotional rates, but there are conditions: You need a balance of at least $10,000 to get the top rate. And it's a promotional rate that expires after three months (92 days). The ongoing rate is much lower.
Min. opening deposit
$0
Free cash deposits
Yes
up to $10,000 per month in fee-free cash deposits.
Overdraft fees
N/A
Pros
- High promotional APY.
- High fee-free cash deposit limit.
- Accepts cash deposits.
Cons
- Monthly fee (though it’s low and relatively easy to waive).
- Promo APY lasts only three months.
Capital One's business savings account offers attractive promotional rates, but there are conditions: You need a balance of at least $10,000 to get the top rate. And it's a promotional rate that expires after three months (92 days). The ongoing rate is much lower.
Min. opening deposit
$0
Free cash deposits
Yes
up to $10,000 per month in fee-free cash deposits.
Overdraft fees
N/A
Live Oak Bank Business Savings
Best for Unlimited transactions
APY
2.75%
Earn 2.85% APY with a minimum balance of $0.01.
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
N/A
at Live Oak Bank, Member FDIC
Pros
- High APY.
- Earn interest on balances of $0.01 and higher.
- No monthly maintenance fee or minimum deposit.
Cons
- No ATM or debit card access for Business Savings account.
- No weekend customer support.
Live Oak Bank's APY has fallen quite a bit over the last year, but this account is still an excellent choice. Account holders can access up to $10 million in FDIC coverage through Live Oak's separate Insured Cash Sweep service, though you'll earn a slightly lower APY (accounts are otherwise protected up to the standard $250,000).
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Pros
- High APY.
- Earn interest on balances of $0.01 and higher.
- No monthly maintenance fee or minimum deposit.
Cons
- No ATM or debit card access for Business Savings account.
- No weekend customer support.
Live Oak Bank's APY has fallen quite a bit over the last year, but this account is still an excellent choice. Account holders can access up to $10 million in FDIC coverage through Live Oak's separate Insured Cash Sweep service, though you'll earn a slightly lower APY (accounts are otherwise protected up to the standard $250,000).
Min. opening deposit
$0
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Grasshopper Business Innovator Savings Account
Best for Large savings balances
APY
3.00%
1.55% APY applies to balances of $0.01—$24,999.99; 3.00% APY applies to balances of $25,000 and up.
With $25,000 min. balance for APY
Monthly fee
$0
Bonus
N/A
at Grasshopper Bank, Member FDIC
Pros
- Earn 3.00% APY on balances of $25,000 or higher.
- Low wire transfer fees; free same-day ACH transfers.
- Access up to $125 million in FDIC insurance with Insured Cash Sweep (subject to different rates).
- Extended customer support hours (9 a.m. to 11 p.m. EST, Monday through Friday).
Cons
- High balance required to earn interest.
- Minimum opening deposit ($100).
- No ATM or debit card access.
- No weekend customer support.
This money market account boasts a stellar APY, but you need to sink a good chunk of cash (at least $25,000) into the account to earn it. That makes it best for established businesses and startups with seed money on hand.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
Pros
- Earn 3.00% APY on balances of $25,000 or higher.
- Low wire transfer fees; free same-day ACH transfers.
- Access up to $125 million in FDIC insurance with Insured Cash Sweep (subject to different rates).
- Extended customer support hours (9 a.m. to 11 p.m. EST, Monday through Friday).
Cons
- High balance required to earn interest.
- Minimum opening deposit ($100).
- No ATM or debit card access.
- No weekend customer support.
This money market account boasts a stellar APY, but you need to sink a good chunk of cash (at least $25,000) into the account to earn it. That makes it best for established businesses and startups with seed money on hand.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits.
Overdraft fees
N/A
nbkc bank Business Money Market Account
Best for Money market account with no transaction limit
APY
2.75%
Earn 2.75% APY on all balances.
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
N/A
at nbkc bank, Member FDIC
Pros
- Earns 2.75% APY.
- No minimum balance to earn interest.
- No monthly fee or minimum opening deposit.
- Includes checks and an ATM card.
Cons
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
This easy-to-use money market account has no monthly fee, no minimum opening deposit and a competitive APY as long as you have a balance of at least one cent. Want to lock in a higher rate? Check out NBKC's business CDs.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $2,500 per day via compatible ATMs.
Overdraft fees
$0
Pros
- Earns 2.75% APY.
- No minimum balance to earn interest.
- No monthly fee or minimum opening deposit.
- Includes checks and an ATM card.
Cons
- High fee ($45) for international wire transfers.
- No weekend or after-hours customer support.
This easy-to-use money market account has no monthly fee, no minimum opening deposit and a competitive APY as long as you have a balance of at least one cent. Want to lock in a higher rate? Check out NBKC's business CDs.
Min. opening deposit
$0
Free cash deposits
Yes
Up to $2,500 per day via compatible ATMs.
Overdraft fees
$0
Platinum Business Money Market Account
Best for Bonus APY (money market account)
APY
3.98%
Earn up to 3.90% special interest rate when you open a new Platinum Business Money Market Account and deposit qualifying balances. Terms Apply. Member FDIC.
With $50,000 min. balance for APY
Monthly fee
$15.00
Waived with $10,000 minimum balance
Bonus
N/A
at U.S. Bank, Member FDIC
Pros
- Bonus APY. Terms apply.
- Includes checks and an ATM card.
- Accepts cash deposits.
Cons
- Low ongoing APY.
- Monthly fee.
- High balance requirement for promotional rate.
U.S. Bank just made its bonus APY more accessible. You can now earn the bank's special rate of 3.98% APY with a $50,000 balance. Before, you needed a balance of at least $1 million to hit that APY tier. Have $1 million to sink into a money market account? U.S. Bank added a higher bonus APY tier (4.24%). Bonus APYs only apply to new accounts. Terms apply.
Min. opening deposit
$25
Free cash deposits
Yes
Up to 100 free cash deposit units per statement cycle.
Overdraft fees
N/A
Pros
- Bonus APY. Terms apply.
- Includes checks and an ATM card.
- Accepts cash deposits.
Cons
- Low ongoing APY.
- Monthly fee.
- High balance requirement for promotional rate.
U.S. Bank just made its bonus APY more accessible. You can now earn the bank's special rate of 3.98% APY with a $50,000 balance. Before, you needed a balance of at least $1 million to hit that APY tier. Have $1 million to sink into a money market account? U.S. Bank added a higher bonus APY tier (4.24%). Bonus APYs only apply to new accounts. Terms apply.
Min. opening deposit
$25
Free cash deposits
Yes
Up to 100 free cash deposit units per statement cycle.
Overdraft fees
N/A
Piermont Bank Business Money Market Account
Best for Money market account with high APY
APY
3.25%
*Annual Percentage Yields (APY) are effective as of 06/19/2026. Earn 0.75% APY on balances up to $19,999.99. Balances above $20,000 earn 3.25% APY.
Monthly fee
$0
Bonus
N/A
at Piermont Bank, Member FDIC
Pros
- Potential for high APY.
- Includes checks and an ATM card.
Cons
- High balance required to earn best rate.
- Minimum opening deposit ($1,000).
- No weekend or after-hours customer support.
This account's 3.25% APY gets even better if you bundle it with the bank's Classic Business Checking Account. You'll earn 3.75% APY if you open the two in tandem and maintain a balance of at least $50,000 in the money market account.
Min. opening deposit
$1,000
Free cash deposits
N/A
Overdraft fees
N/A
Pros
- Potential for high APY.
- Includes checks and an ATM card.
Cons
- High balance required to earn best rate.
- Minimum opening deposit ($1,000).
- No weekend or after-hours customer support.
This account's 3.25% APY gets even better if you bundle it with the bank's Classic Business Checking Account. You'll earn 3.75% APY if you open the two in tandem and maintain a balance of at least $50,000 in the money market account.
Min. opening deposit
$1,000
Free cash deposits
N/A
Overdraft fees
N/A
First Internet Bank Business Money Market Savings
Best for Overall business money market account
APY
2.94%
Earn 2.94% APY with a daily balance up to $5 million and 3.64% APY with a daily balance above $5 million.
With $0 min. balance for APY
Monthly fee
$5.00
Waived with an average daily balance of $4,000
Bonus
N/A
Pros
- High APY.
- No minimum balance to earn interest.
- ATM card access (sole proprietors only).
Cons
- Monthly fee.
- Minimum opening deposit ($100).
This account has an outstanding interest rate on balances up to $5 million, and the APY jumps even higher above that threshold. The account does charge a monthly maintenance fee of $5 (Waived with an average daily balance of $4,000), and you'll have to make a minimum opening deposit of $100. If those are barriers, consider the nbkc bank Business Money Market Account.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Pros
- High APY.
- No minimum balance to earn interest.
- ATM card access (sole proprietors only).
Cons
- Monthly fee.
- Minimum opening deposit ($100).
This account has an outstanding interest rate on balances up to $5 million, and the APY jumps even higher above that threshold. The account does charge a monthly maintenance fee of $5 (Waived with an average daily balance of $4,000), and you'll have to make a minimum opening deposit of $100. If those are barriers, consider the nbkc bank Business Money Market Account.
Min. opening deposit
$100
Free cash deposits
No
No cash deposits
Overdraft fees
N/A
Prime Alliance Bank Business Savings
Best for High APY on large balances
APY
3.75%
Earn 3.35% APY on balances up to $99,999 and earn 3.56% on balances of $100,000 to $199,999. Balances of $200,000 or higher earn 3.75% APY.
With $0 min. balance for APY
Monthly fee
$0
Bonus
N/A
Pros
- High APY.
- No monthly fee or opening deposit requirement.
- No minimum balance to earn interest.
- Includes ATM card.
Cons
- Need to email bank to open an account.
- High fee for excess transactions.
- No weekend customer support.
Prime Alliance Bank has a top-notch business savings account that pays a high APY, especially if you have more than $200,000 on hand. You need to email the bank to open an account, though, unless you're local to Salt Lake City and the bank’s lone brick-and-mortar location.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Pros
- High APY.
- No monthly fee or opening deposit requirement.
- No minimum balance to earn interest.
- Includes ATM card.
Cons
- Need to email bank to open an account.
- High fee for excess transactions.
- No weekend customer support.
Prime Alliance Bank has a top-notch business savings account that pays a high APY, especially if you have more than $200,000 on hand. You need to email the bank to open an account, though, unless you're local to Salt Lake City and the bank’s lone brick-and-mortar location.
Min. opening deposit
$0
Free cash deposits
N/A
Overdraft fees
N/A
Jump to
How we choose the best business savings accounts
What is a high-yield business savings account?
Other tools to help your business save
Business savings account rates for September 2026
How to choose a business savings account
Other business savings accounts to consider
These fintechs offer business savings accounts with competitive APYs, but you'll need a business checking account with the same institution to open one.
- Relay: Earns between 1.11% APY and 3% APY depending on your subscription tier. The top APY requires you to spend $90 per month for Relay's software. Still, Relay's business checking account is a terrific option for medium-sized businesses or those with multiple owners.
- Lili: Earns 2.25% APY on balances up to $500,000 and 4% APY on balances over $500,000. New in 2026: Lili Savings is now available with all Lili business checking plans.
How we choose the best business savings accounts
Our writers and editors focus on interest rates to make our top picks. But a high yield alone won't cut it. We also evaluate business savings accounts on more than a dozen factors. These include:
- Monthly fees.
- Transaction limits.
- Insured Cash Sweep availability.
- Customer experience.
We don't set a minimum star rating for this list. We do have a minimum interest rate, though. Accounts must earn at least 2.00% APY to be included.
Interest rates are holding steady — for now. After lowering the prime rate three times in the latter half of 2025, the Federal Reserve kept rates steady through the first half of 2026. Future rate changes will depend on inflation, the job market and the overall economy.
Banks don't directly tie their interest rates to the prime rate, but they tend to move in the same direction. If APYs on savings accounts change, we may adjust our threshold for which accounts we list here.
Business accounts that earn 5 stars are exceptional. These are best-in-class accounts that deliver the most value for the greatest number of business owners.
Business accounts that earn 4.5 to 4.0 stars are excellent. They deliver terrific value and might be the best choice for your businesses depending on your needs.
Business accounts that earn 4.0 to 4.5 stars are good, and potentially great for business owners with relatively specific needs. But other accounts may offer fewer fees, more features or a better customer experience.
Business checking accounts that earn below 4 stars are lacking important features, have many high fees or both. You can likely find a better option.
Which business savings accounts we consider
Our editorial team considers traditional savings and money market accounts for this page. Altogether, we looked at 30 business accounts.
Our goal is to find options that are available to the largest number of business owners. This isn't always possible. Bigger banks tend to pay very little interest on their savings accounts. Some won't even publish rates because they’re so low. We monitor these accounts, but don’t give them star ratings since they fall short of our APY threshold. You can see their interest rates here.
We also don't include business certificates of deposit on this list. CD rates can easily surpass 3.00% APY. But they lock up your reserves. Not concerned about liquidity? Here’s our list of the best business CDs.
Our editorial team has covered the following business savings accounts in 2025:
America First Credit Union Business Share Savings. Axos Bank Business Money Market. Axos Business Premium Savings Account. Bank of America Business Advantage Savings Account. Blue Federal Credit Union Business Savings. BMO Business Platinum Money Market Account. BMO Business Savings Builder. Capital One Business Advantage Savings. Chase Business Total Savings℠. Citizens Bank Business Membership Savings Account. Consumers Credit Union Business Savings. First Internet Bank Business Money Market Savings. Frost Business Money Market Accounts. Grasshopper Business Innovator Savings Account. Holdings High-Yield Cash Account. KeyBank Business Select Money Market Savings. KeyBank Key Business Saver. Lili Business Savings Account. Live Oak Bank Business Savings. nbkc bank Business Money Market Account. Prime Alliance Bank Business Savings. Prime Alliance Bank Business Money Market Account. Regions Bank Business Savings. Relay Business Savings Account. Republic Bank Business Digital Money Market Account. Rho Business Savings Account. U.S. Bank Business Savings. U.S. Bank Platinum Business Money Market Account. Wells Fargo Business Market Rate Savings Account. Wells Fargo Business Platinum Savings.
How we keep our picks up to date
Our small-business writers and editors fact-check this page at least monthly.
Some account details come directly from financial institutions that partner with NerdWallet. This helps ensure their information is always up to date. For other banks and fintech companies, we manually visit websites and review rate sheets. We pay close attention to APYs and bonus expiration dates, as those may change often.
When banks ask for ZIP codes to check rates, writers and editors use their own. (This includes locations in Illinois, New York and Washington, D.C.) If an account is unavailable in these areas, we use a ZIP code where it is. We typically don't see rates vary by location, probably because banks' business savings rates are small to begin with.
What is a high-yield business savings account?
A high-yield business savings account is a deposit account with a strong interest rate. Technically any savings account that earns more than the national average (currently 0.38%, according to the FDIC) could be considered high yield, but NerdWallet's cutoff is 2.00% APY.
Federal Deposit Insurance Corp.. National Rates and Rate Caps. Accessed Sep 1, 2026.
The best high-yield business savings accounts typically come from online-only financial institutions or neobanks (technology companies that partner with FDIC-insured banks for account services). These accounts often offer better APYs because they lack the physical footprint — and thus the expenses — of brick-and-mortar banks.
Big national banks tend to have the worst accounts when it comes to earning interest. Chase and Bank of America's business savings accounts, for example, earn less than 0.05% APY as of this writing.
Pros and cons of business savings accounts
Pros
Earn interest.
Potential for higher levels of FDIC insurance with Insured Cash Sweep options.
Relatively easy access to your cash.
Cons
Monthly transaction limits possible.
Interest rates are variable and subject to change.
Other tools to help your business save
Business checking accounts with high APYs
A few online business checking accounts also offer competitive APYs. Right now, the highest we know of are:
- Found Small Business Banking: 1.5% or 2.5% APY (for users who pay a monthly fee).
- Grasshopper Innovator Business Checking Account: 1.35% APY on balances greater than $25,000 and less than $250,000.
These rates are lower than most of our top business savings accounts. But if your business is smaller and has less cash on hand, consider a checking account that pays interest instead. It can benefit your bottom line right away and save you the headache of moving money back and forth between accounts.
Business certificates of deposit (CDs)
Business CDs often offer the highest rates of any business savings tool, and that rate is locked in for your term (anywhere from a few months to a few years). Your funds are also locked up for the length of the term, though, and you'll pay a penalty to withdraw them early.
A CD is a good option if you have large cash reserves and are saving for a goal months to years away. Don’t put your rainy-day fund in a CD in case you need it. See our top picks.
Business money market accounts
Funds in a business money market account are more accessible than a business savings account. For instance, you can typically write checks or use a debit card. Some even offer unlimited fee-free transactions. In exchange, money market accounts usually have lower APYs. A few can compete with the best business savings accounts, though.
There’s a lot of overlap between business savings and money market accounts. Most businesses don’t need both. Instead, choose the account that gives you the right level of access to your money. See our top picks.
Business savings account rates for September 2026
Our writers looked at national, regional and online financial institutions for the following list of current rates for business savings accounts. Listed are the starting APYs for these accounts; some options may have higher rates based on your balance or relationship with the institution. Higher rates are sometimes available via business bank promotional offers, too.
Some banks don't publish current rates for their business savings accounts. Instead, you need to contact a banker for rate information. These accounts may advertise "competitive" rates, but their lack of transparency likely isn’t hiding a high yield.
Rates are current as of Sept. 1, 2026.
Account | Starting APY |
|---|---|
America First Credit Union Business Share Savings | 0.05% |
Axos Business Premium Savings Account | 3.5% |
Bank of America Business Advantage Savings Account | 0.01% |
Blue Federal Credit Union Business Savings | 0.05% |
Chase Business Total Savings℠ | 0.01% |
Citizens Bank Business Membership Savings Account | 0.01% |
Consumers Credit Union Business Savings | 0.10% |
First Tech Federal Credit Union Simple Business Savings | 0.01% |
KeyBank Key Business Saver | 0.01% |
Regions Bank Business Savings | 0.01% |
U.S. Bank Business Savings | 0.05% |
Wells Fargo Business Market Rate Savings | 0.01% |
How to choose a business savings account
Depending on your business’s financial needs, here are some factors that you may want to consider — on top of the interest rate — to help you choose a business savings account:
- Minimum opening deposit: How much does it cost to open the account? These requirements can range, but you’ll want to make sure that you have enough money set aside to open the account.
- Monthly fees: Is there a monthly fee associated with maintaining the account? Ideally, your business savings account will have low or no fees.
- Minimum balance requirement: Is there a minimum account balance required to earn the APY? This term might also be used in reference to monthly fees: Is there a minimum account balance required to waive any monthly maintenance fees associated with the account? Make sure that you can sustain minimum balance requirements on an ongoing basis to avoid losing out on interest or, conversely, incurring monthly fees.
- Monthly withdrawals or transfers: Although the Federal Reserve removed the requirement that imposes a six-per-month maximum on withdrawals from savings accounts in April 2020, many banks and credit unions continue to enforce these limits. In some cases, excessive withdrawals may result in your business savings account being transferred to a business checking account.
- Level of FDIC insurance: The Federal Deposit Insurance Corp. protects up to $250,000 per depositor, per financial institution. Will you keep more than that in your business savings account? If so, look for options that expand coverage via Insured Cash Sweep. These accounts spread deposits across multiple insured institutions to increase FDIC protection. For instance, Relay offers up to $2.5 million in FDIC insurance.
- ATM access: Is a business debit card or ATM card included with your savings account? And if so, where can you use it?
- How to open: Consider how convenient it is to open a business account. Many of our picks for best business savings accounts let you open your account online, but other small-business banks may require you to open your account in person at a local branch.
Methodology
NerdWallet’s writers and editors evaluate more than 60 business bank accounts from national, regional and online banks. Collectively, these accounts represent the largest banks by assets and the largest credit unions by membership, along with notable and emerging fintech companies and online banks.
We consider more than 20 data points for each account, including services, fees, features and rewards. We gather this information from rates and fees documents, deposit account agreements, financial institution websites and company representatives.
Our editorial team regularly reviews and updates our data to ensure consistency and accuracy. We also update our scoring on an ongoing basis to reflect changing industry norms and business owner needs. For instance, in 2026, we adjusted our expectations for APYs due to falling interest rates.
Final ratings range from one to five stars. A five-star score represents the best available product for the largest number of business owners. Learn more about how we rate business checking accounts.
