8 best business savings accounts for 2026

Key takeaways 

• The best business savings accounts help a company manage cash flow while earning interest. Airwallex Yield, Capital One, and Axos each pair leading yields with digital-first access.

• The national average interest rate on savings accounts is about 0.38% APY, but top business savings accounts pay as high as 3.75% annual percentage yield (APY).

• The highest APYs and lowest fees on business savings accounts typically require maintaining larger balances or transactions.

A business savings account separates personal finances from those of a company. These accounts also grow business funds through an annual percentage yield (APY), the real rate of return on money held at a chosen financial institution.

Not all business savings accounts are the same. APYs vary, as do fees, insurance coverage, requirements, and the financial institution's reputation. This guide covers the best business savings accounts on the market and how to select the right one.

Best business savings accounts at a glance

Best business savings accounts for overall use

Best for global treasury: Airwallex Yield

Ideal for 

Airwallex Business Accounts combine Airwallex's global financial infrastructure with intelligent automation to move funds at agentic speed across entities, currencies, and markets.

Airwallex Yield is specifically designed for global businesses, eCommerce merchants, and scaling startups that need to manage multi-currency cash flows while keeping their USD reserves productive. It suits finance leaders who want a "set and forget" treasury solution that balances competitive returns with the high liquidity needed for day-to-day operations.

Our take 

In an era of borderless commerce, the definition of a "savings account" is evolving. Airwallex Yield represents this evolution by shifting the focus from passive deposits to active treasury management. Rather than sitting as a static balance on a bank's ledger, funds in a Yield account are invested in a low-risk, AAA-rated money market fund managed by J.P. Morgan Asset Management.

This approach lets businesses capture competitive returns on their USD balances without the operational friction of moving funds between different providers. The most significant differentiator is settlement speed. Funds typically move from a Yield balance back to active cash in 1 to 2 business hours if requested before the 4:00 PM ET cutoff.

Note: Airwallex is a fintech company, not a bank. U.S. customer funds are held with FDIC-insured partner banks, including Evolve Bank & Trust, and are eligible for FDIC pass-through insurance of up to $250,000 per qualified customer account and banking institution.

Pros

• Tiered target returns of 3.58% on the Grow plan and up to 3.70% on Accelerate, with 1 to 2 hour liquidity

• Direct exposure to high-quality, short-term U.S. government-backed securities

• Integration within a global multi-currency payment ecosystem

Cons

• Target returns reflect variable dividends rather than a fixed interest rate

• No physical branches or ATM access

Best for traditional banking: Capital One Business Savings

Ideal for

This account suits established business owners who prefer the security and infrastructure of a national bank. It fits those who already use Capital One for credit cards and want to manage their finances within a single ecosystem. The account provides a balance of digital tools alongside the option for physical branch access in select states.

Our take

The Capital One Business Savings account keeps a business in one ecosystem, supports fast transfers from a linked business checking account, and waives a monthly maintenance fee with a relatively low minimum balance of US$300.

It also carries the perks of banking with a large financial institution, including a branch network and access to other financial products, such as business credit cards and checking accounts.

Capital One advertises an APY of up to 3.5% on its business savings account. However, that rate is promotional; it’s only guaranteed for three months, and it requires a balance of US$10,000 to $10 million. 

In contrast to Capital One's promotional rate, Airwallex Yield pays 3.58% on the Grow plan and up to 3.70% on Accelerate, with no lock-up periods and liquidity available in as little as one to two business hours.

Pros 

• Top-rated national bank in the most recent J.D. Power study

• ATM access with a linked Capital One business checking account

• 24/7 access to mobile and online banking tools

Cons 

• Branch access is limited to just nine states, 

• Only six free withdrawals per statement cycle

• Does not support multiple currencies.

Best for competitive APY: Axos Bank Business Premium Savings

Ideal for

Axos targets digital-first companies that want to maximize interest without monthly maintenance requirements. It suits businesses with frequent cash movement, offering a higher-than-average limit of 20 transactions per month. It fits owners who do not require physical branches or ATM access for their savings.

Our take

Axos pays a relatively high APY of 3.6%, though that's a variable APY and could change without prior notice. Axos' Business Premium Savings account also offers a range of standard banking services, such as mobile check deposits and bill payments, which places it among the best online business accounts.³

Axos Bank frequently offers competitive sign-up promotions for combined checking and savings bundles, which maximizes initial deposit values. These bonuses boost first-year total returns for qualifying businesses.

Axos has no ATMs or debit card access, which does not suit every business.

Pros  

• No minimum deposit or monthly balance requirement

• No charge for incoming wire transfers

• Up to 20 savings transactions per month before incurring fees

Cons

• US$15 fee for domestic outgoing transfers 

• US$45 fee for international outgoing transfers

• US$5 fee for paper statements

Best credit union: American Heritage CU Business HYSA

Ideal for

This account suits Philadelphia-based or eCommerce businesses that value a community-focused banking relationship. It serves companies that can maintain a US$10,000 daily balance to unlock competitive rates and waived monthly fees. The credit union structure fits those seeking personalized service and integrated online selling tools.

Our take

This Philadelphia-based credit union is relatively large and reputable, serving over 800 workplace partners with over US$5 billion in assets.¹¹

It offers an attractive APY of 3.10% and a low monthly maintenance fee of US$10, which can be waived with a daily balance of US$10,000.

Pros 

• Easy to become a credit union member

• Wide range of service offerings 

• eCommerce integrations

Cons

• Steep minimum for opening a business account (US$10,000)

• Only 3 free withdrawals per monthly statement cycle

• Maximum deposit amount of US$1M

Best for high balances: Live Oak Bank Business Savings

Ideal for

Live Oak targets high-revenue businesses that prioritize maximum government protection for their cash reserves. Through its Insured Cash Sweep program, it offers up to US$10 million in FDIC coverage for businesses that can meet the US$350,000 minimum balance, which removes the need to manage multiple bank accounts to stay insured. It suits businesses keeping large amounts of liquid capital on hand.

Our take

While most banks offer up to US$250,000 per depositor in Federal Deposit Insurance Corporation coverage, Live Oak's Insured Cash Sweep program extends that to up to US$10 million. It is a separate product from the standard Business Savings account, requiring a US$350,000 minimum balance and currently paying 2.70% APY rather than the 2.85% APY on the base account.

Pros 

• No monthly maintenance fee 

• No minimum monthly balance requirement

• Competitive 2.85% APY

Cons 

• No weekend customer support 

• No ATMs or physical locations

• Lack of invoicing tools

Best for high-yield on large balances: Prime Alliance Bank Savings Account

Ideal for

This bank targets businesses holding liquid reserves of US$200,000 or more. It offers a competitive APY for high-tier balances. Because it is a smaller institution, it suits owners who prioritize the highest possible return over a long-standing brand history.

Our take

Prime Alliance offers an attractive APY of 3.75% on balances of US$200,000 or higher. Balances between US$100,000 and US$199,999.99 receive a 3.56% APY, while balances under US$100,000 receive a 3.35% APY. 

The bank is relatively small. It opened in 2004 and currently has one branch in metropolitan Salt Lake City.

Pros 

• Tied for the top APY in this comparison

• No monthly maintenance fees

• No minimum balance requirement

Cons 

• Only allows up to 6 free withdrawals or transfers per month

• US$10 incoming wire transfer fees

• US$15 to $40 outgoing wire transfer fees

Best for no fees on withdrawals: Genisys Credit Union Business HYSA

Ideal for

Genisys targets small businesses and startups that want high-yield benefits without a high barrier to entry. With a minimum opening deposit of just US$5, it carries one of the lowest entry points for a high-interest account. It combines credit union reliability with a very low entry point for earning competitive interest.

Our take

Founded in 1964, Genisys Credit Union has a six-decade history. Its high-yield business savings account pays up to 3.75% APY on balances of US$100,000 or more, 3.00% APY between US$25,000 and US$99,999, and 0.10% APY on anything below US$25,000.

Pros

• Low initial deposit requirement (US$5)

• Relatively low balance requirement for high APY

• Free branch access

Cons

• US$5 inactive member fee if balance goes below US$100

• US$5 fee if the account is closed within 6 months of opening

• Wire transfer fees between US$15 and $63

Best for live support: Bluevine Premier Business Checking Account

Ideal for

This account suits active, high-spend businesses that want to earn savings-level interest directly within their checking account. It fits owners who can meet the US$100,000 balance or US$5,000 monthly spend requirements to access the premium features for free. The high US$3 million FDIC coverage makes it secure for operational cash.

Our take

Bluevine Premier combines 3.00% APY on balances up to US$3 million, US$3 million in FDIC coverage, and accessible live support, with the US$95 monthly fee fully waivable by maintaining a US$100,000 average daily balance and US$5,000 in monthly card spend.

Bluevine offers three savings-oriented checking tiers: Standard (1.30% APY, free), Plus (1.75% APY, US$30/month waivable), and Premier (3.00% APY, US$95/month waivable). Businesses that cannot meet Premier's US$100,000 average daily balance and US$5,000 monthly card spend thresholds have a middle-tier option in the Plus plan.

Pros 

• Relatively high APY 

• No minimum balance requirement

• Unlimited transactions

Cons 

• High account fee when the minimum requirements are not met

• No instant transfers 

• No branch support

> Learn more about Bluevine vs Airwallex

Best for cash-back debit cards: Grasshopper Innovator Business Checking

Ideal for

Grasshopper is built for the modern tech entrepreneur who wants to earn rewards on everyday business spending. It suits those who value debit card cash-back and high-yield money market integrations over traditional branch banking. The account fits digital startups looking for an all-in-one platform with low fees.

Our take

Grasshopper adds benefits on top of the core account. On top of a 1.35% APY, checking account holders can earn debit card rewards and a special APY (currently 3%) on an Innovator money market account.¹⁰

Pros 

• Enhanced FDIC insurance available 

• No monthly maintenance fees 

• Unlimited transactions

Cons 

• US$100 minimum deposit at opening

• US$10 to $25 wire transfer fees

• US$25 stop payment fee

Industry-specific business savings accounts

Business savings accounts for eCommerce: Bluevine

Bluevine suits eCommerce businesses that want operating reserves earning interest in the same place they collect revenue. Its payment links accept card, ACH, and digital wallet payments, and the Premier tier pays 3.00% APY on balances up to US$3 million with matching FDIC coverage through its partner bank sweep program. Bluevine holds USD only, so sellers collecting in foreign currencies will convert on receipt.

Business savings accounts for travel businesses: Airwallex Yield

Travel companies handle payments across currencies and carry uneven cash flow across seasons. Airwallex Yield pays 3.58% on the Grow plan and up to 3.70% on Accelerate on idle USD balances, with no lock-up period and liquidity in one to two business hours, so reserves held between booking peaks stay accessible.

Business savings accounts for professional services: Relay

Relay's Business Savings Account has no hidden fees, pays interest monthly, and requires no minimum balance. At 2.68% APY, Relay does not offer the highest return available, but the platform's auto-transfer rules move excess cash from operating accounts so extra dollars are quickly put to work.¹³

How to choose a business savings account

Business savings accounts can look similar on the surface. Focusing on the specific nuances of choosing business bank accounts clarifies the decision, as these differences often dictate long-term growth and accessibility. Understanding the benefits of business bank accounts, from earning competitive interest on reserves to establishing a formal credit history, helps in selecting a partner that supports a company's evolving needs.

• APYs: On the surface, the higher the APY offered, the better, though the best APYs are often promotional or only offered at the highest balance tiers. For example, the Prime Alliance Business Savings account offers an APY of 3.75%, which requires a minimum balance of US$200,000.

• Fee structures: The most apparent fee is the monthly fee, which is usually US$0, low, or easily waived on top accounts. Look out for additional costs, such as fees for exceeding a specified number of transactions per month.

• FDIC insurance: This coverage protects money if a bank fails. Most financial institutions offer the standard US$250,000 per depositor, and some offer programs that provide additional coverage. For instance, Live Oak Bank offers up to US$10 million in FDIC coverage through the IntraFi Network.

• Reputation: Check that a prospective provider has a strong track record. Current online reviews matter, as some top accounts come from new players.

• Additional perks: All else equal, added benefits, such as branch access or rewards on linked banking products, tilt the choice from one provider to another.

Methodology for selecting the best business savings accounts

This review compared dozens of financial institutions, including well-known banks, credit unions, and fintechs, to find the best business savings accounts. The analysis assessed each provider's APY offers, minimum deposit requirements, and fees. It also considered features such as branch access, customer service hours, linked financial products, and business management tools. The top offers were then selected overall and for niche audiences.

A note on Airwallex's inclusion: Airwallex publishes this article. Airwallex Yield was scored against the same criteria as every other account here, and its trade-offs are listed just as they are for competing accounts.

Explore different types of business accounts beyond savings accounts

Extra revenue does not have to sit idle. A business savings account separates a rainy day fund or tax reserves from daily spending, while earning interest to help cover overhead. It's a low-risk way to grow capital with the flexibility to move money back to a checking account the second a new opportunity or an unexpected bill arrives.

Below are the most common types of business accounts tailored to specific business needs:

• Business accounts for LLCs

• Business accounts for eCommerce

• Business accounts for international businesses

• Online business accounts

• Business accounts with no fees

• Multi-currency business accounts

• High-yield savings business accounts

• Business bank accounts for sole proprietors

Frequently asked questions about the best business savings accounts

Can an LLC have a high-yield savings account?

Yes, an LLC can have a high-yield savings account. While not a traditional savings account, one of the best business accounts for LLCs is from Airwallex due to its multicurrency support, spend management tools, and scalability.

What is the difference between a business savings account and a business HYSA?

A business HYSA typically offers a higher APY than a traditional business savings account, usually between 2% and 3%, against 0.40%.

Is interest earned on business savings accounts taxable?

Yes, interest earned on a business savings account is typically taxable.

How many withdrawals can I make from a business savings account per month?

There is often no limit on withdrawals from a business savings account each month. However, a fee may apply after a specified number of withdrawals.

Sources

1. https://fred.stlouisfed.org/series/SNDR

2. https://www.capitalone.com/small-business/bank/products/savings/

3. https://www.axosbank.com/business/savings/business-savings-accounts/business-premium-savings

4. https://www.liveoak.bank/business-savings/

5. https://www.americanheritagecu.org/accounts/high-yield-savings

6. https://www.primealliance.bank/business-savings

7. https://www.genisyscu.org/business/savings/business-high-yield-savings

8. https://www.bluevine.com/business-checking

9. https://www.jdpower.com/business/press-releases/2025-us-national-banking-satisfaction-study

10. https://www.grasshopper.bank/banking-solutions/small-business-checking/

11. https://www.americanheritagecu.org/about-us/news/press-releases/2025/01/02/american-heritage-credit-union-reaches--5-billion-in-assets

12. https://www.genisyscu.org/files/genisys23/1/file/Disclosures/Fee_schedule.pdf

13. https://relayfi.com/savings-accounts/

14. https://www.irs.gov/taxtopics/tc403