Best Small Business Savings Accounts

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.

Pros

• High APY.
• Earn interest on balances of $0.01 and higher.
• No monthly maintenance fee or minimum deposit.
• Access up to $10 million in FDIC insurance with Insured Cash Sweep.

Cons

• No ATM or debit card access.
• No weekend customer support.

Pros

• Earn 3.30% 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

• 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.

Pros

• No monthly fee or minimum opening deposit.
• No minimum balance to earn interest.
• Earns 1.03%-3.03% APY.

Cons

• Tiered interest structure.
• Balance of $1 million needed to unlock the highest rate.
• No ATM or debit card access.
• Only allows internal transfers to a linked Relay Checking account.

Pros

• No monthly fee for the first 12 statement cycles.
• Welcome offer for new accountholders.
• Loyalty perks via Preferred Rewards for Business program.
• Relatively low overdraft fees ($10 per item, limited to two per day)

Cons

• $100 minimum opening deposit.
• Fee for using out-of-network ATMs.
• $16 monthly fee after introductory period ends.

Pros

• No minimum opening deposit.
• Unlimited fee-free electronic and debit card transactions.
• Integrated credit card processing.
• No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.
• 24/7 customer support.
• No fees at 16,000 Chase ATMs and access to around 4,700 branches.
• Supports Zelle for Business.

Cons

• $15 monthly fee.
• Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
• Fee for using out-of-network ATMs.