8 best business savings accounts for 2026

Key takeaways 

• The best business savings accounts to help your company manage cash flow, all while earning interest, are offered by Capital One and Axos, each with leading yields, and digital-first offerings. 

• The national average interest rate on savings accounts is around 0.4%, but top business savings account rates are 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 helps you separate your personal finances from those of your company. These accounts can also help grow your business funds through an attractive annual percentage yield (APY), the real rate of return you get from keeping money at your financial institution of choice.

But not all business savings accounts are the same. APYs vary, as do fees, insurance coverage, requirements, and even the financial institution's reputation. In this guide, we’ll cover the best business savings accounts on the market and how to select the one that’s best for you.  

Best business savings accounts at a glance

Best business savings accounts

Best for traditional banking: Capital One Business Savings

Ideal for

This account is best for established business owners who prefer the security and infrastructure of a top-tier national bank. It is perfect for those who already use Capital One for credit cards and want to manage their finances within a single, seamless ecosystem. The account provides a great balance of high-tech digital tools alongside the option for physical branch access in select states.

Our take

The Capital One Business Savings account lets you stay in one ecosystem, conduct fast transfers from a linked business checking account, and avoid a monthly maintenance fee with a relatively low minimum balance of $300. 

It also lets you enjoy 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 you’ll need a balance of $10,000 to $10 million. In contrast to Capital One's promotional rate, you can earn up to 3.41% with Airwallex Yield on your cash balances with no lock-up period required.

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

• Doesn’t support multiple currencies.

Best for competitive APY: Axos Bank Business Premium Savings

Ideal for

Axos is the premier choice for digital-first companies that want to maximize interest without worrying about monthly maintenance requirements. It suits businesses with frequent cash movement, as it offers a higher-than-average limit of 20 transactions per month. This is an excellent option for owners who do not require physical branches or ATM access for their savings.

Our take

Axos shines with its 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, making it one of the best online business accounts.  

However, a lack of ATMs and debit card access might not suit everyone’s needs.

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

• $15 fee for domestic outgoing transfers 

• $45 fee for international outgoing transfers

• $5 fee for paper statements

Best credit union: American Heritage CU Business HYSA

Ideal for

This account is ideal for Philadelphia-based or eCommerce businesses that value a community-focused banking relationship. It serves companies that can maintain a $10,000 daily balance to unlock competitive rates and waived monthly fees. The credit union structure is perfect for 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 $5 billion in assets. 

It offers an attractive APY of 3.15% and a low monthly maintenance fee ($10, which can be waived with a daily balance of $10,000), making this financial institution a worthy contender on our list.

Pros 

• Easy to become a credit union member

• Wide range of service offerings 

• eCommerce integrations

Cons

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

• Only 3 free withdrawals per monthly statement cycle

• Maximum deposit amount of $1M

Best for high balances: Live Oak Bank Business Savings

Ideal for

Live Oak is the best fit for high-revenue businesses that prioritize maximum government protection for their cash reserves. By offering up to $10 million in FDIC coverage, it eliminates the need for owners to manage multiple bank accounts to stay insured. It is a highly secure choice for businesses keeping large amounts of liquid capital on hand.

Our take

While most banks offer up to $250,000 per depositor in Federal Deposit Insurance Corporation coverage, the Live Oak Bank Business Savings account lets you receive up to $10 million in this insurance by enrolling in its Insured Cash Sweep program.

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 High-Yield Business Savings Accounts (HYBA)

These business savings accounts offer higher yields than traditional business savings accounts.

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

Ideal for

This bank is specifically designed for businesses holding massive liquid reserves of $200,000 or more. It offers a market-leading APY that outpaces most traditional and online competitors for high-tier balances. Because it is a smaller, newer institution, it is best for owners who prioritize the highest possible return over a long-standing brand history.

Our take

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

However, the bank is new and relatively small. It opened in 2004 and currently only has one branch in metropolitan Salt Lake City, meaning it’s yet to establish a long track record.

Pros 

• Tied for the top APY on our list

• No monthly maintenance fees

• No minimum balance requirement

Cons 

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

• $10 incoming wire transfer fees

• $15 to $40 outgoing wire transfer fees

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

Ideal for

Genisys is perfect for small businesses and startups that want high-yield benefits without a high barrier to entry. With a minimum opening deposit of just $5, it is the most accessible high-interest account for new entrepreneurs. It offers a unique combination of credit union reliability and a very low entry point for earning competitive interest.

Our take

Founded in 1964, Genisys Credit Union boasts an over six-decade history. Its high-yield business savings account offers a high APY of 3.75% if you have a minimum balance of $100,000. Your APY is 3% if you have a balance between $25,000 and $99,000, and 10% if it’s between $0 and $24,999.

Pros

• Low initial deposit requirement ($5)

• Relatively low balance requirement for high APY

• Free branch access

Cons

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

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

• Wire transfer fees between $15 and $63

Business checking accounts with HYBA

The right business bank account can help you save on fees and better understand and manage your business’s cash flow. Airwallex, for instance, helps you avoid costly foreign currency conversion fees by enabling you to hold, receive, and pay in different currencies. Plus, its all-in-one dashboard lets you accept and manage funds from domestic and international customers.

If you’re interested in earning on your stored funds, these business accounts offer high APYs on checking accounts that rival those of some HYSA competitors.

Best for live support: Bluevine Premier Business Checking Account

Ideal for

This account is ideal for active, high-spend businesses that want to earn savings-level interest directly within their checking account. It is a great fit for owners who can meet the $100,000 balance or $5,000 monthly spend requirements to enjoy the premium features for free. The high $3 million FDIC coverage makes it a safe haven for operational cash.

Our take

Bluevine Premier Business Checking Account secured a spot on our list by offering high FDIC coverage ($3 million), coupled with a high APY (3% on balances up to $3 million), and easy-to-access customer support. 

The account and all of its features cost $95 a month unless you maintain an average daily balance of at least $100,000 in your Bluevine checking account or subaccounts, or spend at least $5,000 each billing period with your Bluevine credit or debit card.

Pros 

• Relatively high APY 

• No minimum balance requirement

• Unlimited transactions

Cons 

• High account fee if you can’t meet the minimum requirements

• No instant transfers 

• No branch support

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 is the best choice for those who value debit card cash-back and high-yield money market integrations over traditional branch banking. The account is perfect for digital startups looking for an all-in-one platform with low fees.

Our take

If you’re looking for a banking partner that will sweeten the relationship with added benefits, Grasshopper might be right for you. 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. 

Pros 

• Enhanced FDIC insurance available 

• No monthly maintenance fees 

• Unlimited transactions

Cons 

• $100 minimum deposit at opening

• $10 to $25 wire transfer fees

• $25 stop payment fee

Industry-specific business savings accounts

Business savings accounts for eCommerce: Mercury

Mercury offers one of the best business bank accounts for eCommerce, as it integrates directly with popular online retail platforms such as Shopify and Stripe. It also integrates with key accounting tools, such as QuickBooks and PayPal.

Business savings accounts for travel businesses: Wise

American travel businesses can earn 3.14% APY on US cash parked with Wise. FDIC insurance ensures you’re protected, while instant access to your money means you can tap into your funds when needed.

Business savings accounts for professional services: Relay

Relay’s Business Savings Account stands out for its lack of hidden fees, monthly interest payments, and no minimum balances. At 2.68% APY, Relay doesn’t offer you the highest return on your money, but the platform’s auto-transfer rules help you move excess cash from operating accounts to ensure any extra dollars are quickly put to work.

How to Choose a Business Savings Account

When you’re trying to decide between business savings accounts, your choices can look quite similar. These differences can help clarify your decision.

• APYs: On the surface, the higher the APY offered, the better, but be careful. 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%, but you must maintain a minimum balance of $200,000 to secure that rate.

• Fee structures: The most apparent fee is the monthly fee, which is usually $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 helps protect your money should your bank fail. Most financial institutions offer the standard $250,000 per depositor, but some offer programs that provide additional coverage. For instance, Live Oak Bank offers up $10 million in FDIC coverage through the IntraFi Network.

• Reputation: Check that a prospective provider has a strong track record. Plus, read current online reviews, as some top accounts come from new players. The more positive reviews, the better.

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

Best alternative to traditional business savings accounts

Traditional business savings accounts often require the decision between a high return and having access to your cash. Airwallex Yield eliminates this trade-off by offering a competitive return up to 3.41% on your USD balance with no lock-up periods. Unlike traditional savings accounts with restrictive withdrawal fees, your funds remain liquid and can settle back into your cash balance in 1-2 business hours. Airwallex Yield uses a AAA-rated money market fund managed by J.P. Morgan Asset Management to provide secure access to yield.

This yield potential is built into Airwallex's all-in-one global platform. You can hold and exchange funds in over 20 currencies to avoid forced currency conversions and save up to 80% on FX fees. Our all-in-one platform also integrates with top accounting software, such as Xero, Sage, and NetSuite, to help you keep a big-picture view of your business finances.

Learn more about whether you need a business bank account. 

Methodology for selecting the best business savings accounts

We compared dozens of financial institutions, including well-known banks, credit unions, and fintechs, to find the best business savings accounts. We assessed each provider’s APY offers, minimum deposit requirements, and fees. We also considered features like branch access, customer service hours, linked financial products, and business management tools. After our analysis, we selected the top offers overall and for niche audiences. 

Explore different types of business accounts beyond savings accounts

Don't let your extra revenue just sit there. A business savings account separates your rainy day fund or tax reserves from your daily spending, all while earning interest to help cover your overhead. It’s a low-risk way to grow your capital with the flexibility to move money back to your checking account the second a new opportunity or an unexpected bill pops up.

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

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%, vs. 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 to how many withdrawals you can make from a business savings account each month. However, you may be charged a fee 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.primealliance.bank/business-savings

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

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

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

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

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

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

11. https://resources.liveoak.bank/blog/how-fdic-insurance-works

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

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

14. https://wise.com/us/business/interest

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

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