Best Business Savings Accounts of 2025

Earn as much as 4.00% APY with a high-yield business savings account.

A business savings account isn’t just a nice-to-have—it’s a smart way to safeguard your company’s future. Whether you're building an emergency fund, earning extra interest on your cash reserves, or maximizing financial perks, the right account can make a significant difference.

But not all savings accounts are created equal. Some offer high-yield interest rates, while others come with valuable business banking perks. Choosing the right one can mean the difference between letting your money sit idle and putting it to work for you.

Our curated list of the best business savings accounts for 2025 includes banks you may not have considered—ones that offer standout rates and benefits tailored to business owners. Whether you need a dedicated savings account or want to explore additional financial services, you’ll find options that fit your needs.

Ready to see which accounts can help you grow your business savings faster? Let’s dive in! 

Best Business Savings Accounts

nning a business is all about making smart financial decisions, and where you store your cash reserves can make a huge difference. If your money is sitting in a low-interest account, you're leaving money on the table.

Here are a dozen of the best business savings accounts you can take advantage of to boost business in a good way. What will you do with your extra savings? 

Axos Bank Premium Business Savings – 4.01% APY (highest rate + welcome bonus)

Axos Bank’s Premium Business Savings Account stands out as one of the best options available right now, offering a top-tier 4.01% APY—one of the highest rates you’ll find. On top of that, new businesses can claim a $375 welcome bonus, making it one of the few accounts that rewards you just for signing up.

There’s no minimum deposit required to open, and no monthly maintenance fees, so your savings can grow without unnecessary costs. Interest compounds daily to maximize your earnings, and you get up to six free withdrawals or transfers per statement cycle for flexibility when you need access to your funds. Managing your business finances is also seamless, with mobile check deposit and online banking keeping everything at your fingertips.

If you're looking for a business savings account that actually works for you—high interest, a rare cash bonus, and no extra fees—this is it.

Direct link to the $375 bonus offer to learn more.

Live Oak Business Savings – 3.60% APY

The Live Oak Business Savings Account helps business owners like you maximize earnings effortlessly—offering a 3.60% APY with no minimum deposit and zero monthly maintenance fees.

Unlike traditional business savings accounts that chip away at your earnings with fees, Live Oak lets you keep every dollar working for you. There's no need for a branch visit—you can open and manage your account 100% online. The setup is fast and simple: just verify your personal and business details, link an existing bank account, and start growing your savings.

With secure, seamless fund transfers, you can move money between accounts, deposit checks via the mobile app, send wire transfers, or even mail in deposits. Whether you're an LLC, sole proprietor, or corporation, this account is built for business owners who want their savings to work just as hard as they do.

If you're ready to stop settling for low returns and start earning more with zero hassle, the Live Oak Business Savings Account is a no-brainer. Don’t let your idle cash sit—put it to work today.

Live Oak Bank Business Savings
4.8
  • 3.60% APY with no minimum balance—your savings grow fast
  • No monthly fees or hidden charges—keep every dollar
  • 100% online banking with easy transfers and mobile deposits
  • Quick setup—verify, link, and start earning today
Learn More

U.S. Bank Platinum Business Money Market Account – 3.50% APY

The U.S. Bank Platinum Business Money Market Account is designed for business owners looking to maximize their savings with a high-yield option. You can earn up to 3.50% APY on balances over $50,000. While the account offers a low opening deposit of just $100, maintaining a $10,000 daily balance is necessary to waive the $15 monthly maintenance fee.

The account integrates seamlessly with a U.S. Bank business checking account for easy fund transfers and ATM access, making cash flow management simple. However, interest rates are variable, and the promotional APY may change after the introductory period. If your balance falls below $50,000, standard rates apply, which may be lower. While this account is a strong option for businesses with higher cash reserves, those with fluctuating balances should consider the fee structure to ensure it aligns with their financial goals.

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. 

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

How can a business savings account help my business? 

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.

What’s the difference between money market accounts and savings accounts?

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. 

Do I have to have a lot of capital to open a business savings account? 

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.

Brian Meiggs
Hi, I’m Brian Meiggs! I’m a personal finance expert and founder of My Millennial Guide, here to help you build real wealth. With a background in finance, I’ve spent years guiding people on smart, practical ways to grow their money. For stock market beginners, I recommend Acorns. It’s a simple way to start investing with just your spare change, helping you steadily grow your portfolio over time without the need to actively manage it. And if you’re interested in real estate, check out Arrived and Fundrise. I use both myself—they make it easy to start investing in property without needing huge upfront capital. These platforms are perfect for anyone looking to add real estate to their investments for passive, long-term growth. I believe these tools are great for building a balanced investment portfolio, combining stocks and real estate for a solid approach to wealth-building. You can trust this advice—my work has been featured in major publications like Business Insider, Entrepreneur, The Wall Street Journal, Yahoo Finance, NASDAQ, Discover, Fox News, and MSN Money.
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