Here you’ll find best business savings, money market, and interest bearing account rates.
Update 9/18/25: We’ve updated our list of the top rates for business accounts.
You may already have a business checking account and looking to open an interest bearing account for your business to earn interest on the money.
This can help business owners accrue interest for a rainy day fund / emergency fund, a purchase, expansion, and more!
Featured Best Business Savings Rates
Axos Bank Business Premium Savings
Discover the Axos Business Bundle, combining flexible checking with high-yield savings and earn an exclusive bonus up to $600. Use promo code SBB600.† Bundle your Business Premium Savings with a checking account and earn up to $600!
How to earn it:
- To be eligible to qualify for the Cash Bonus Promotion, a business must:
- Become a new Axos business customer in the Promotion Period (10/9/2025 – 6/30/2026)
- Apply and be approved for a Business Premium Savings account AND a Basic Business Checking account through a single application (bundle)
- Enter the promo code (SBB600) in the Business Premium Savings / Basic Business Checking application
- Not have qualified for any part of this, or another, Axos promotion on any account(s) within the last 12 months as of the date that the bundled accounts were opened
- To qualify for each cash bonus during an eligible Statement Cycle, an eligible business must meet the following requirements in each Qualification Period:
- Deposit $1,000 or more (via ACH, check, or wire) into their Basic Business Checking account from an external source
- Use the debit card associated with their Basic Business Checking account to make 2 or more approved purchases of at least $50 for each transaction
- Maintain an average daily balance of at least $1,500 in the Basic Business Checking account
- Maintain an average daily balance of at least $50,000 in the Business Premium Savings account
- The Qualification Period begins on the first business day of the month and runs through the 25th of the month.
Terms:
- Axos Small Business Banking customers can earn up to $600 through the Axos Small Business Banking Cash Bonus Promotion. Promotional terms and conditions are subject to change or removal without notice.
- Axos Small Business Banking Cash Bonus Promotion Terms The following terms and conditions (the “Terms”) apply to the Axos Small Business Banking Cash Bonus Promotion, which allows eligible businesses (as defined below) to earn up to $600 on their Basic Business Checking account over 6 statement cycles after account opening by completing the required actions described below.
- Promotion Period: October 9th, 2025 at 12:00 a.m. E.T. – June 30, 2026 at 11:59 p.m. E.T.
- Who is eligible for the Cash Bonus Promotion?
- To be eligible to qualify for the Cash Bonus Promotion, a business must:
- Become a new Axos business customer in the Promotion Period (10/9/2025 – 6/30/2026)
- Apply and be approved for a Business Premium Savings account AND a Basic Business Checking account through a single application (bundle)
- Enter the promo code (SBB600) in the Business Premium Savings / Basic Business Checking application
- Not have qualified for any part of this, or another, Axos promotion on any account(s) within the last 12 months as of the date that the bundled accounts were opened
- Businesses who have opened an Axos Small Business Banking account prior to the Promotion Period are not eligible for the Cash Bonus Promotion. Eligible businesses must complete the qualifying activities described below in each Statement Cycle in order to receive the cash bonus in that Statement Cycle.
- What qualifying activities do I need to complete to earn the cash bonus?
- To qualify for each cash bonus during an eligible Statement Cycle, an eligible business must meet the following requirements in each Qualification Period:
- Deposit $1,000 or more (via ACH, check, or wire) into their Basic Business Checking account from an external source
- Use the debit card associated with their Basic Business Checking account to make 2 or more approved purchases of at least $50 for each transaction
- Maintain an average daily balance of at least $1,500 in the Basic Business Checking account
- Maintain an average daily balance of at least $50,000 in the Business Premium Savings account
- The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the Cash Bonus starting in the following month.
- Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.
- Both accounts must be in an open and active status on the 25th of the month and on the date the Cash Bonus is paid to receive the Cash Bonus for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the Cash Bonus for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
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 3.80% APY* Business Premium Savings account. Use promo code BPS375.†
- Earn 3.80% 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)
Live Oak Bank Business Savings
Growing your savings just got easier! Open a new Live Oak Bank business savings account and earn 3.00% APY.
- 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.
(FDIC Insured)
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. Member FDIC.
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 $50,000 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 until the account balance is $2,999,999.99 or below.
(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)
Grasshopper Bank Business
With the Grasshopper Bank Business Checking, you’ll earn a competitive rate 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)
Best Business Savings Rates
| Bank | Account Type | APY | Terms | Review |
|---|---|---|---|---|
| Mercury | Mercury Treasury | 4.26% | No min/No max | Review |
| Prime Alliance Bank | Business Savings | 4.00% | $200K Min/No Max | Review |
| Capital One | Business Savings | 3.70% | $10K min/$5M max | Review |
| Bluevine | Premier Business Checking | 3.50% | No Min/$3M Max | Review |
| Newtek Bank | Business Savings | 3.50% | No min/No max | Review |
| Seattle Bank | Private Concierge Business Savings | 3.40% | No min/$999,999 max | Review |
| First Internet Bank | Business Money Market Savings | 3.30% | No Min/$5M max | Review |
| American Heritage Credit Union | High Yield Business Savings | 3.25% | $10K min/No max | Review |
| Heritage Bank | Business Jumbo Deposit | 3.02% | $230K min/No max | Review |
| Live Oak Bank | Business Savings Account | 3.00% | $200K min/No max | Review |
| Lili Banking | Business Banking | 3.00% | No min/No max | Review |
| NBKC Bank | Business Money Market | 2.75% | No min/ No max | Review |
| LendingClub Banking | Business Savings | 2.00% | No min/No max | Review |
| Grasshopper Bank | Business Checking | 1.80% + 1% Cash Back | $10K min/No max | Review |
| Bluevine | Business Checking | 1.50% | No min/$100K max | Review |
| Greenwood Credit Union | Business Money Market | 1.50% | $250K min/ $500K max | Review |
| American Express | Business Checking | 1.30% | No min/ $500K max | Review |
| Paramount Bank | Business Money Market | 1.25% | No min/No max | Review |
| Premier America Credit Union | Business Money Market | 1.10% | $500K min/No max | Review |
| Axos Bank | Business Interest Checking | 1.01% | No min/ $49,999.99 max | Review |
| LendingClub | Tailored Business Checking | 1.00% | No min/No max | Review |
| Signature Federal Credit Union | Business Money Market | 1.00% | $50K min/No max | Review |
Business Savings vs Business Money Market Accounts
Both accounts enable you to earn interest on the money in the accounts and are FDIC insured; both will typically hold a withdrawal limit of six times per month.
Business money market accounts may generally offer higher interest rates compared to savings, however, this does not always hold true in the present day as some business savings account offered may outperform their counterparts.
Now, a perk of business money market accounts include a debit / ATM card, checks, and features resembling a checking account.
Business Checking vs Business Savings Accounts
There are two key differences between a business checking and business savings account.
- Typically, money in a checking account will not earn interest over time like a savings account would. This is important as savings accounts will earn interest on your funds, so it’s ideal to not store your entire business funds in a checking account that’s earning little to no interest. As a note: as of present day, there are checking accounts offered that do you offer fairly competitive rates.
- As far as availability, savings account holders may not be able to access their funds as easily as a checking account. To explain why, savings account holders may be limited to 6 withdrawals per statement cycles and a fee may incur if the limit is exceeded.
What To Look for When Opening An Account
Opting to open a business savings, money market, or interest bearing account has many factors depending on your business’ needs. Below are some key factors to help you decide on which savings account is best for you and your business on top of the rate.
- How to open an account: Are you able to open the account online or will you need to open it in-branch? Do you have flexibility in these options?
- Is there a minimum balance requirement? Will you need to hold minimum balance to earn the interest rate / APY? This will be a good indicator if you’re able to hold the balance, if any, to earn the rate on your funds.
- Is there a minimum opening deposit? This may range from $0 to a specified amount – but it a good idea to check for this factor to see if your business account has the funds to open the account.
- Are there any monthly fees? Will the account come with any fees and are there ability for waived fees? There are plenty of free savings accounts, so ideally, you will want an account that offers low to no fees. This may go hand in hand with the minimum balance requirement (example: you must maintain a balance of $xxxx to waive the monthly fee, otherwise, $x monthly fee).
- Are there monthly withdrawal / transfer limits? Typically, you’ll find that there is a limit of six withdrawals per month or a fee may incur. You business savings account may convert to a business checking account with excessive withdrawals.
- Will you have ATM access? Will the account offer a business ATM or debit card with your account? If the institution does, where will you be able to use it?
Conclusion
Having a business savings account is a great idea to not only earn interest on your business’ money, but it can be a great way to save up for a big purchase, emergency fund, an unexpected expense, and more!
In addition, having a savings account for your business may grant you loan approvals in the future as lenders can see that your business has the cash and liquidity to pay back the borrowed money.
Hopefully this list 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 for savings, money market accounts and more!
If you’re looking to open a checking account for your business, see our list of the latest promotions for business checking accounts.
| BONUS LINK | OFFER | REVIEW |
| U.S. Bank Platinum Business Checking | $1200 Cash | Review |
| U.S. Bank Business Essentials | $400 Cash | Review |
| Huntington Bank Unlimited Plus Business | $1,000 Cash | Review |
| Huntington Bank Unlimited Business | $400 Cash | Review |
| Axos Bank Basic Business Checking | $200 Cash | Review |
| Novo Business Checking | $40 Cash | Review |
| NorthOne Bank Account | $20 Cash | Review |
| Regions Bank Business Checking | $150 Cash | Review |
