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
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
How can a business savings account help my business?
A business savings account serves as an emergency fund that can float your business between payments or cover unexpected expenses. It also earns interest on cash that would otherwise sit idle, putting your money to work.
What’s the difference between money market accounts and savings accounts?
Both earn interest, but money market accounts typically offer higher rates in exchange for higher minimum balance requirements. Both limit monthly withdrawals. For most small businesses, a high-yield savings account offers the best balance of accessibility and earnings.
Do I need a lot of capital to open a business savings account?
No. Many of the best business savings accounts—including our top picks—have no minimum deposit requirement. You can start with whatever amount makes sense for your business and grow from there.
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.