Want your business savings to actually work for you? The right account earns you more, avoids unnecessary fees, and grows your cash automatically. We researched the top business savings accounts for 2026 to help you find the best fit.
Best Business Savings Accounts Reviewed
Axos Bank's Premium Business Savings Account offers one of the highest APYs on the market. New businesses can claim a $375 bonus just for signing up—a rare perk in business banking.
There's no minimum deposit to open and no monthly maintenance fees. Interest compounds daily to maximize your earnings, and you get up to six free withdrawals per statement cycle.
Open an Axos Account →- Highest APY at 3.60%
- $375 sign-up bonus for new accounts
- No minimum opening deposit
- No monthly maintenance fees
- Daily compounding interest
- Mobile check deposit
- FDIC insured
- Online only—no physical branches
- Limited to 6 withdrawals per statement cycle
- Bonus may require minimum deposit to qualify
Live Oak helps your money grow with a 3.00% APY, no minimum deposit, and no monthly fees. Every dollar you save earns for you from day one.
Open and manage your account 100% online with quick setup. Whether you're an LLC, sole proprietor, or corporation, Live Oak is built to help your savings grow faster.
Open a Live Oak Account →- Competitive 3.00% APY
- No minimum opening deposit
- No monthly fees
- 100% online account opening
- Works for LLCs, sole props, and corporations
- Mobile check deposit
- FDIC insured
- Wire transfer capability
- No physical branch locations
- Lower APY than Axos
- No sign-up bonus currently available
Why Open a Business Savings Account?
Growing a business often comes down to a simple formula: lower expenses, increase profits. A business savings account helps on both fronts. You store excess cash or profits in a place where they actually earn money, rather than sitting idle in a checking account yielding nothing.
Business savings accounts are also essential for building an emergency fund. Whether you're preparing for a large unexpected expense or need to bridge a gap while waiting for receivables to clear, having cash reserves gives you options.
Choosing an account with a high interest rate maximizes the benefit. Your profits work for you, potentially funding future expansion, improving your position for loans, or simply providing a buffer that lets you operate with more confidence.
How to Compare Business Savings Accounts
Not all business savings accounts are created equal. Before you open one, consider what matters most for how you operate.
Do you prefer an online bank or one with physical branches? Online banks typically offer higher APYs because they have lower overhead. Traditional banks and credit unions may offer more personal service and in-branch access if that's important to you.
Check whether the bank offers FDIC insurance on your deposits—this protects your money up to $250,000. Look at interest-compounding frequency as well; daily compounding earns you more than monthly or quarterly.
Finally, consider convenience features like mobile check deposit, wire transfers, and integration with your existing business checking account. Some banks require you to open a checking account to access their best savings rates or bonus offers.
Frequently Asked Questions
Start Growing Your Business Savings
A business that saves is a business that has options. If you're ready to make your cash work harder, Axos Bank's 3.60% APY and $375 bonus make it our top recommendation. Live Oak is an excellent alternative with its simple online setup and strong rate.
Either way, stop letting your business cash sit idle. Open an account, start earning, and give your business the financial cushion it deserves.