Best Business Savings Accounts of 2025
We looked at 30 business savings accounts to find the best options. Even with rates falling, you can earn up to 3.90% with our picks.
≡ Show summary
APY
3.80%
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
$600
Requirements to qualify
Best overall
Learn more 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.
Business Premium Savings Account
Best for Overall business savings account
Best for Overall business savings account
APY
3.80%
With $0.01 min. balance for APY
Monthly fee
$0
Bonus
$600
Requirements to qualify Best overall
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.
APY
3.00%
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 Business Savings
Best for Unlimited transactions
Best for Unlimited transactions
APY
3.00%
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.
APY
3.50%
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.
Cons
- Monthly fee (though it’s low and relatively easy to waive).
- Low ongoing variable APY.
Capital One Business Advantage Savings
Best for Savings account with promo APY
Best for Savings account with promo APY
APY
3.50%
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.
Cons
- Monthly fee (though it’s low and relatively easy to waive).
- Low ongoing variable APY.
APY
3.10%
With $25,000 min. balance for APY
Monthly fee
$0
Bonus
N/A
at Grasshopper Bank, Member FDIC
Pros
- Earn 3.10% 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.
Grasshopper Business Innovator Savings Account
Best for High APY on large balances
Best for High APY on large balances
APY
3.10%
With $25,000 min. balance for APY
Monthly fee
$0
Bonus
N/A
at Grasshopper Bank, Member FDIC
Pros
- Earn 3.10% 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.
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.
nbkc bank Business Money Market Account
Best for Money market account with no transaction limit
Best for Money market account with no transaction limit
APY
2.75%
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.
APY
3.56%
With $100 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.
Cons
- Low ongoing APY.
- Monthly fee.
- High balance requirement for promotional rate.
Platinum Business Money Market Account
Best for Money market account with promo APY
Best for Money market account with promo APY
APY
3.56%
With $100 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.
Cons
- Low ongoing APY.
- Monthly fee.
- High balance requirement for promotional rate.
APY
3.09%
With $0 min. balance for APY
Monthly fee
$5.00
Waived with an average daily balance of $4,000
Bonus
N/A
at First Internet Bank, Member FDIC
Pros
- High APY.
- No minimum balance to earn interest.
- ATM card access (sole proprietors only).
Cons
- Monthly fee.
- Minimum opening deposit ($100).
First Internet Bank Business Money Market Savings
Best for Overall business money market account
Best for Overall business money market account
APY
3.09%
With $0 min. balance for APY
Monthly fee
$5.00
Waived with an average daily balance of $4,000
Bonus
N/A
at First Internet Bank, Member FDIC
Pros
- High APY.
- No minimum balance to earn interest.
- ATM card access (sole proprietors only).
Cons
- Monthly fee.
- Minimum opening deposit ($100).
APY
3.90%
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 Business Savings
Best for Highest APY
Best for Highest APY
APY
3.90%
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.
Jump to
Other business savings accounts to consider
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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 currently falling after the Federal Reserve lowered the prime rate
⭐ What our star ratings mean
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 offer paltry APYs on their savings products. Some won't even publish rates because of this. While we monitor these accounts, we may not score them since they miss our APY threshold.
We also don't include business certificates of deposit. These can easily surpass 2.00% APY. But they lock up your reserves. We maintain a separate list of the best business CDs
≡ Full list of business savings accounts
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 our partners. This helps ensure their info is always up to date. For other providers, we manually visit their websites and review rate sheets. We pay particularly close attention to items like APY and offer 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. This is likely 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 0.40%, according to the FDIC
The best high-yield business savings accounts typically come from online-only financial institutions or neobanks
Big national banks tend to have the worst accounts for 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 on account balances.
Tap into potentially higher levels of FDIC insurance with Insured Cash Sweep options.
Access funds as needed with relative ease.
Cons
Will likely need to use an online bank to get highest rates possible.
Can face limits on monthly transactions.
Interest rates are variable and subject to change.
Other tools to help your business save
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. See our top picks
Business money market accounts
Funds in a business money market account are more accessible than a business savings account — you can typically write checks or use a debit card, and some even offer unlimited fee-free transactions — but in exchange, they usually have lower APYs. See our top picks
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Several Nerdy Tip
Business savings account rates for November 2025
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
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.
See current business savings rates
Business savings calculator: How much could you earn?
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 - 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 - 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 small-business banks
Methodology
NerdWallet evaluates more than 50 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 2025, we introduced bonus points for notable built-in software features, like the ability to accept tap-to-pay payments from customers using a mobile app.
Final star ratings are presented on a scale of one to five stars, where 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