Want to make your business savings actually work for you? The right account can help you earn more, avoid fees, and grow your cash without lifting a finger.
Not all business savings accounts are created equal. Some offer high interest rates. Some throw in bonus perks. Some just waste your time.
We rounded up the best business savings accounts for 2025 — including a few hidden gems you might not know about — to help you stack your cash faster.
Let’s dive into the best options to grow your business money smarter, not harder.
Best Business Savings Accounts
- 3.80% APY to grow your savings faster
- $375 sign up bonus for new accounts
- No minimum deposit required to open
- No monthly maintenance fees
- 3.50% APY with no minimum balance
- No monthly or hidden fees
- Easy online transfers and mobile deposits
- Earn 3.56% APY on balances over $25,000
- Low opening deposit
- Link to your business checking for seamless transfers
Axos Bank’s Premium Business Savings Account offers one of the highest APYs available at 3.80% APY. New businesses can also claim a $375 bonus just for signing up.
There is no minimum deposit to open and no monthly maintenance fees, so your savings grow without extra costs. Interest compounds daily to maximize earnings and you get up to six free withdrawals or transfers per statement cycle for easy access when needed.
Manage your account effortlessly with mobile check deposit and online banking. Everything you need to run your business savings is right at your fingertips.
If you want a high-yield account with a rare cash bonus and no hidden fees, Axos Bank is a smart move.
- 3.80% APY to grow your savings faster
- $375 sign up bonus for new accounts
- No minimum deposit required to open
- No monthly maintenance fees
Live Oak Business Savings – 3.50% APY
The Live Oak Business Savings Account helps you grow your money with a 3.50% APY, no minimum deposit, and no monthly fees.
Every dollar you save works for you. Open and manage your account 100% online with fast setup. Just verify your business details, link an account, and start saving.
Transfer funds easily, deposit checks through the mobile app, and send wires when needed. Whether you're an LLC, sole proprietor, or corporation, Live Oak is designed to help your savings grow faster.
Stop letting your cash sit idle. Open a Live Oak Business Savings Account today and start earning more with zero hassle.
- 3.50% APY with no minimum balance
- No monthly or hidden fees
- Easy online transfers and mobile deposits
U.S. Bank Platinum Business Money Market Account – 3.56% APY
The U.S. Bank Platinum Business Money Market Account is a smart choice for business owners who want their savings to work harder. Earn up to 3.56% APY on balances over $50,000, with just a $100 opening deposit to get started.
Keep a $10,000 daily balance and you’ll waive the $15 monthly fee, making it easy to grow your savings without losing money to maintenance costs. Plus, it pairs perfectly with a U.S. Bank business checking account for fast transfers and ATM access whenever you need it.
- Earn 3.56% APY on balances over $25,000
- Low opening deposit
- Link to your business checking for seamless transfers
Terms: 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.
Why Open a Business Savings Account
In learning how to grow a business, many owners quickly learn that it’s best to lower business expenses and increase profits. That’s economics 101 on a basic level, but opening a business savings account can help achieve that goal.
Savings accounts can help businesses store excess cash or profits as well, especially when it comes to establishing an emergency fund. This might be a way to prepare for a large unexpected expense or even tide a business over once the accounts clear.
Either way, choosing a business banking account that offers a high interest rate maximizes the benefits of holding that account. Making your profits work for you could even help you expand further for greater profits in the future, whether it’s taking out loans for expansion or leveraging holdings to edge out the competitor.
- 3.80% APY to grow your savings faster
- $375 sign up bonus for new accounts
- No minimum deposit required to open
- No monthly maintenance fees
How to Compare Business Savings Accounts
Comparing business savings accounts requires taking a look at potential banks as business websites. What can these financial institutions offer your business that others can’t? Answering this question can help you find out the best business savings account for you.
You can also consider the following in your decision:
- Do you prefer an online bank or one with physical locations?
- Do you want to partner with a traditional bank or a credit union?
- Does the bank you choose offer FDIC insurance for your holdings?
- What interest-compounding frequency does the bank offer?
- How else does the bank make interacting convenient for you?
In some cases, you may need to open a free business checking account to access the perks of a corresponding savings account. At the same time, you may pay lower fees, earn a higher APY rate, or even qualify for bonus offers.
FAQs
A business savings account can help your business prepare for the worst. As an emergency fund, your business’ savings account can help float your business along between payments or even provide relief should unexpected expenses come your way.
Money market accounts and savings accounts earn interest, but you’re typically going to earn a higher interest rate if you go with a money market account. At the same time, these accounts tend to have a higher minimum balance in comparison to savings accounts. Both money market accounts and savings accounts limit how many times you can withdraw funds as well.
No, you don’t have to have a lot of capital to open a business account. In fact, you don’t have to have a lot of revenue either. Instead, just be sure that you meet the minimum requirements for opening a savings account and go from there. As your business grows, you can upgrade your savings account accordingly.
A Business That Saves is a Business That Thrives
Saving money with a business can be difficult, but it’s possible. If you’re looking to make the most of your business savings, open one of the savings accounts we mentioned above. We hope the rates and tips we’ve provided help you find a savings account that benefits your business in more ways than one. Once you start saving, you never know where a few pennies here and there can take you or your business.
- 3.80% APY to grow your savings faster
- $375 sign up bonus for new accounts
- No minimum deposit required to open
- No monthly maintenance fees
