9 Best Business Savings Accounts of 2026

This list is for business owners who want to park a cash reserve, a tax fund or money raised from investors somewhere it earns a high rate without eating fees. We compared published APYs, balance tiers, monthly fees, opening deposits and FDIC coverage on each provider's own US pages in November 2026. We compared documented features and published fees; we did not open the accounts. Rankozo weights value at 40%, features at 35% and ease of use at 25%; for this list value mostly reflects the rate a typical reserve earns after fees and conditions. Rates on savings accounts are variable and promotions end, so confirm the current APY on the bank's page before moving money.

1. 01Top value

   

   Live Oak Bank Business Savings

   8.8/10

   Online high-yield business savings account from Live Oak Bank with no maintenance fees and no minimum opening deposit.

   Price

   Freemonthly fee

   No monthly maintenance fee; no minimum opening deposit

   “Save smarter with a top rate, no maintenance fees” Quoted from the pricing page, November 11, 2026.

   Free plan

   Yes

   Value (40%)

   9.3

   Features (35%)

   8.0

   Ease of use (25%)

   9.0

   Best forBusiness owners who want one flat, high rate on every dollar of their reserve without fees, minimums or a paid plan.

   Live Oak Bank takes the top spot because its business savings account pays a strong rate on the whole balance with almost nothing standing in the way. The savings page listed 2.75% APY in November 2026, with no minimum opening deposit, no maintenance fees and interest earned from a balance of one cent. Interest compounds daily and posts on the last business day of each month. There is no paid plan, debit card spending target or balance tier to manage, which is why it scores highest on value and ease of use for a business that simply wants its reserve fund earning. The trade-offs come from the online model. Money moves in by ACH or check, incoming ACH transfers take one to two business days to post, and the ACH cutoff is 4:00 p.m. ET. Other picks pay more on large balances or with a paid plan, but none here pays this much on a small balance with zero conditions.

   • ✓Same published rate from the first cent, with no balance tiers
   • ✓No maintenance fees and no opening deposit
   • ✓Bank that also offers business checking, CDs and SBA loans

   • ✕No branches; deposits arrive by ACH transfer or check
   • ✕Incoming ACH transfers take 1 to 2 business days to post
   • ✕Rate is variable and can change without notice

   APY:

   2.75% (variable, November 2026)

   Monthly fee:

   $0

   Minimum to open:

   None

   Minimum to earn interest:

   $0.01

   Compounding:

   Daily, paid monthly

   Bottom line: The simplest high rate for a business reserve: 2.75% APY with no fees and no minimum. Pick another account only if your balance is large enough to reach a higher tier elsewhere.

   Visit liveoakbank.com ↗

2. 02

   

   Lili High-Yield Savings

   8.7/10

   Business banking app for small businesses and freelancers whose savings account is open to every plan, including the free Core plan.

   Price

   $15per month

   Free Core plan; paid plans from $15 per month ($9 for the first 3 months)

   “Lili Pro $15 /mo $9 /mo for 3 months” Quoted from the pricing page, November 11, 2026.

   Free plan

   Yes

   Free trial

   30 days

   Value (40%)

   9.0

   Features (35%)

   8.2

   Ease of use (25%)

   8.8

   Best forFreelancers and small businesses that want a no-fee business account with savings attached and room for balances up to $1 million.

   Lili ranks second because its savings rate does not depend on paying for a plan. The plans page lists savings with up to 4.00% APY on every tier, and the disclosure spells out the structure: 2.25% APY on balances up to $500,000 and 4.00% APY on the portion over $500,000 up to $1,000,000, effective as of January 13, 2026. Lili Core costs $0 per month, so a small business can open checking and savings together and earn interest without a subscription. Paid plans start at $15 per month for Lili Pro ($9 for the first three months) and add tools such as expense reports, tax savings buckets and, on Smart and Premium, accounting and invoicing. FDIC coverage reaches $3M through a sweep network. The limits are clear too: money above $1,000,000 earns nothing, and Lili is a fintech with Sunrise Banks as the account holder. For reserves under $500,000 Live Oak pays more, but Lili wins when savings sit next to daily banking.

   • ✓Savings rate is the same on the free plan as on paid plans
   • ✓No minimums or lockups on savings
   • ✓Higher 4.00% tier for balances above $500,000

   • ✕Any portion of a balance over $1,000,000 earns no interest
   • ✕Lili is not a bank; accounts are held at Sunrise Banks
   • ✕Accounting and tax tools need the $35 or $55 plans

   APY:

   2.25% to $500K; 4.00% from $500K to $1M

   Free plan:

   Lili Core, $0 per month

   Paid plans:

   Pro $15, Smart $35, Premium $55 per month

   FDIC coverage:

   Up to $3M via sweep network

   Bank partner:

   Sunrise Banks, N.A.

   Bottom line: A strong free option that pairs checking and savings in one app and pays 4.00% on the slice of a reserve between $500,000 and $1 million. Below $500,000 the 2.25% rate trails Live Oak.

   Visit lili.co ↗

3. 03

   

   Grasshopper Innovator Savings

   8.6/10

   Digital business savings account from Grasshopper Bank with a tiered APY and enhanced FDIC coverage through a sweep network.

   Price

   Freemonthly fee

   No monthly maintenance fee; $100 minimum opening deposit

   “Plus, save on no monthly maintenance or overdraft fees.” Quoted from the pricing page, November 11, 2026.

   Free plan

   Yes

   Value (40%)

   8.9

   Features (35%)

   8.5

   Ease of use (25%)

   8.3

   Best forBusinesses with at least $25,000 in reserves that want a high tiered rate and coverage well beyond $250,000.

   Grasshopper Innovator Savings earns third place on rate and coverage. Its page lists 3.25% APY on balances of $25,000 or more and 1.55% APY below that, accurate as of October 13, 2026, with no monthly maintenance or overdraft fees. For a business holding a meaningful reserve, that 3.25% tier beats Live Oak, and unlike the Capital One and Axos rates on this list it is not tied to a promotional period. Grasshopper also offers access to enhanced FDIC coverage up to $125 million by sweeping deposits across partner banks through ICS, which matters for companies parking more than $250,000. New clients who open Innovator Savings together with Innovator Business Checking using code Bundle300 by November 30, 2026 can earn a $300 bonus. The downsides: a $100 opening deposit, a much lower rate on balances under $25,000, and a digital-only setup. For reserves between $25,000 and $500,000 it is the strongest rate here that needs no promotion or paid plan.

   • ✓Highest rate here for balances from $25,000 to $500,000 without a promotion or paid plan
   • ✓No monthly maintenance or overdraft fees
   • ✓Enhanced coverage suits reserves far above $250,000

   • ✕$100 minimum opening deposit
   • ✕Balances under $25,000 earn 1.55% APY
   • ✕Bonus requires opening a checking account as well

   APY:

   3.25% at $25K+; 1.55% below

   Monthly fee:

   $0

   Minimum to open:

   $100

   Enhanced FDIC coverage:

   Up to $125 million via ICS

   Rate date:

   APY accurate as of 10/13/2026

   Bottom line: The best pick for reserves of $25,000 or more: 3.25% APY with no monthly fee and enhanced FDIC coverage. Smaller balances do better at Live Oak.

   Visit grasshopper.bank ↗

4. 04

   

   Axos Business Premium Savings

   8.4/10

   Online business savings account from Axos Bank with a variable tiered rate and a current promotional APY boost for new customers.

   Price

   $5monthly fee, waived with $2,500 average daily balance

   $5 monthly maintenance fee, waived with a $2,500 average daily balance

   “Monthly Maintenance Fee of $5.00 if the Average Daily Balance falls below $2,500.00.” Quoted from the pricing page, November 11, 2026.

   Free plan

   No

   Value (40%)

   8.8

   Features (35%)

   8.6

   Ease of use (25%)

   7.6

   Best forBusinesses that will also open Axos Basic Business Checking and keep at least $2,500 in savings.

   Axos Business Premium Savings posts the highest bank savings rate on this list right now, but it asks more of you to get it. The Axos business savings page shows up to 3.91% APY on all balances for up to six months, accurate as of November 11, 2026. That figure includes a 0.41% APY boost for new Business Premium Savings customers who open a Basic Business Checking account, keep a $5,000 average daily balance there and use the promo code during the October 1, 2026 to April 1, 2027 window. After six statement cycles the boost ends and the standard variable rate applies. The account needs a $1,000 opening deposit and charges a $5 monthly maintenance fee if the average daily balance drops below $2,500. Those conditions cost it on ease of use. For a business that already wants a full online bank and can meet the checking requirement, the extra yield over six months is real money on a large reserve.

   • ✓Highest bank savings rate on this list during the promotion
   • ✓Rate applies on all balances
   • ✓Full business bank with checking, money markets and CDs

   • ✕$5 monthly fee if the average daily balance falls below $2,500
   • ✕Promotional boost lasts six statement cycles and needs a funded checking account
   • ✕$1,000 opening deposit is the highest here

   APY:

   Up to 3.91% with promo boost (as of 11/11/2026)

   Promo boost:

   0.41% for six statement cycles

   Monthly fee:

   $5, waived at $2,500 average daily balance

   Minimum to open:

   $1,000

   Promo window:

   Oct 1, 2026 to Apr 1, 2027

   Bottom line: The highest headline rate here, earned by opening checking too and meeting balance rules. Worth it for larger reserves that will stay put for at least six months.

   Visit axosbank.com ↗

5. 05

   

   Capital One Business Advantage Savings

   8.4/10

   Business savings account from a large national bank with a three month promotional rate on balances from $10,000.

   Price

   $3monthly fee, waived with $300 balance

   $3 monthly fee, waived with a $300 minimum balance

   “Waive the $3 monthly fee with a $300 minimum balance” Quoted from the pricing page, November 11, 2026.

   Free plan

   No

   Value (40%)

   8.4

   Features (35%)

   8.3

   Ease of use (25%)

   8.5

   Best forCapital One business checking customers who want savings at the same bank and keep $10,000 or more.

   Capital One Business Advantage Savings is a good fit for businesses that want a reserve at a large national bank. The current offer for new accounts pays a promotional 3.50% APY on balances from $10,000 to $10 million, guaranteed for three months after opening. Below $10,000 the promotional APY is 0.25%, and above $10 million it is 0.10%, so the rate only works for a reserve inside that band. The account carries a $3 monthly fee that is waived with a $300 minimum balance, which nearly every business parking cash will clear. Customers get up to six free withdrawals per statement cycle, transfers from a linked Capital One business checking account and overdraft protection when savings are linked to checking. The key limit is the three month guarantee: after that the rate can change, so compare it again at month four. It ranks below Axos and Grasshopper because the promotion is shorter and small balances earn little.

   • ✓High promotional rate across a wide balance band
   • ✓Easy to avoid the fee
   • ✓Large bank with checking, cards and lending under one roof

   • ✕Promotional rate is guaranteed for only 3 months
   • ✕Balances under $10,000 earn 0.25%
   • ✕Promotion is for new accounts only

   Promotional APY:

   3.50% on $10K to $10M for 3 months

   APY below $10K:

   0.25%

   Monthly fee:

   $3, waived at $300 balance

   Withdrawals:

   Up to six free per statement cycle

   Above $10 million:

   0.10% APY

   Bottom line: A solid big bank choice for reserves of $10,000 or more, with an easy fee waiver. Check the rate again once the three month promotion ends.

   Visit capitalone.com ↗

6. 06

   

   Relay

   8.4/10

   Business banking and money management platform whose savings APY rises with the subscription plan.

   Price

   $30per month

   Free Starter plan; paid plans from $30 per month

   “Grow For small & medium-sized teams $ 30 /month” Quoted from the pricing page, November 11, 2026.

   Free plan

   Yes

   Free trial

   14 days

   Value (40%)

   8.0

   Features (35%)

   8.9

   Ease of use (25%)

   8.4

   Best forGrowing teams that want many checking accounts, savings and bill pay in one place and may pay for a plan.

   Relay fits businesses that treat savings as one bucket in a larger cash system. Its pricing page ties the savings rate to the plan: 1.19% APY on the free Starter plan, 1.87% on Grow at $30 per month and 3.21% on Scale, currently $90 per month instead of $120. Starter alone includes 20 checking accounts, credit and debit cards and spend controls, which makes it easy to keep tax, payroll and reserve money apart. Grow adds approval rules, recurring invoices and bookkeeping automations, and Scale raises the account limit to 50 and removes fees on same-day ACH. There is no minimum balance and no overdraft fee. For a pure savings decision, the math decides: the $90 Scale plan costs $1,080 a year, so the higher rate pays for itself only on a large reserve. A business that just wants yield does better with Live Oak or Grasshopper, but Relay scores highest on features.

   • ✓Free plan includes interest-bearing savings
   • ✓Scale plan rate is among the highest on this list
   • ✓Strong tools for splitting cash across many accounts

   • ✕Top rate needs the $90 per month Scale plan
   • ✕Free plan rate of 1.19% is low for a reserve fund
   • ✕Rates are variable

   APY by plan:

   1.19% Starter, 1.87% Grow, 3.21% Scale

   Plans:

   $0, $30, $90 per month

   Checking accounts:

   20 on Starter, 50 on Scale

   Free trial:

   14 days on Grow and Scale

   Minimum balance:

   None

   Bottom line: Best for teams that want savings inside a full cash management platform. Pay for Scale only if your reserve is large enough to cover the $90 monthly fee with interest.

   Visit relayfi.com ↗

7. 07

   

   Bluevine Business Checking

   8.3/10

   Online business checking that pays interest on checking balances, with higher rates on paid plans.

   Price

   $30per month

   Standard plan with no monthly fee; Plus $30 per month, Premier $95 per month

   “Plus $30/month *Learn how to waive the fee 1.75% Up to $250,000 None” Quoted from the pricing page, November 11, 2026.

   Free plan

   Yes

   Value (40%)

   7.8

   Features (35%)

   8.7

   Ease of use (25%)

   8.5

   Best forSmall businesses that would rather earn interest in their operating account than move money to a separate savings account.

   Bluevine is on this list for owners who would rather not open a separate savings account at all. Its business checking account pays interest on the operating balance: 1.3% APY on the free Standard plan up to $250,000 if you spend $500 a month with the Bluevine debit card or receive $2,500 a month in customer payments, 1.75% on Plus at $30 per month, and 3.3% on all balances with Premier at $95 per month. Bluevine says the plan fees can be waived, and the account has no overdraft fees, free standard ACH and unlimited transactions. FDIC coverage reaches $3 million through its program banks. The value score is lower because the free rate has conditions, and the 3.3% rate costs $1,140 a year unless the fee is waived. For a business whose reserve and operating cash live in one place, it removes the step of sweeping money between accounts.

   • ✓Interest on checking, so no transfers between accounts
   • ✓Premier rate applies to all balances
   • ✓Paid plan fees can be waived

   • ✕Free Standard rate needs $500 in debit card spending or $2,500 in customer payments each month
   • ✕Best rate needs the $95 Premier plan
   • ✕It is a checking account, not a separate savings product

   APY by plan:

   1.3% Standard, 1.75% Plus, 3.3% Premier

   Plan fees:

   $0, $30, $95 per month

   Balance earning interest:

   Up to $250,000 on Standard and Plus; all on Premier

   FDIC coverage:

   Up to $3 million

   Overdraft fees:

   None

   Bottom line: Good for earning interest without a separate savings account, especially on Premier. Owners who just want a reserve fund get more for free at Live Oak or Grasshopper.

   Visit bluevine.com ↗

8. 08

   

   Mercury

   8.2/10

   Business banking platform with free checking and savings, plus Mercury Treasury for companies holding $250,000 or more.

   Price

   Freemonthly fee

   Checking and savings free; Mercury Plus from $29.90 per month billed annually

   “Our business checking and savings accounts are free for everyone.” Quoted from the pricing page, November 11, 2026.

   Free plan

   Yes

   Value (40%)

   7.6

   Features (35%)

   8.8

   Ease of use (25%)

   8.4

   Best forStartups and funded companies with $250,000 or more that want yield from money market funds and Treasury ladders.

   Mercury suits companies with large cash balances rather than small business reserves. Its business checking and savings accounts are free, with no monthly fees, overdraft penalties or minimum balances, and up to $5M in FDIC insurance through partner banks and sweep networks. The yield story is Mercury Treasury: once a company holds $250,000 across Mercury accounts, it can earn up to 4.21% yield net of fees through a government money market fund with same-day liquidity, an ultra-short bond fund and US Treasury ladders, managed through Mercury Advisory, an SEC-registered investment adviser. That is the highest number on this list, but it is an investment, not an insured deposit, and its value moves with markets. Below $250,000 Mercury does not publish a savings APY on the pages we checked, which pulls its value score down for typical small businesses. Funded startups that already bank here get the most from it.

   • ✓Highest yield figure on this list for qualifying balances
   • ✓Free banking with no minimum balance
   • ✓Same-day liquidity on the money market option

   • ✕Treasury requires $250,000 across Mercury accounts
   • ✕Treasury is an investment product, not FDIC-insured savings
   • ✕No savings APY is published for balances under the Treasury threshold

   Yield:

   Up to 4.21% via Treasury (net of fees)

   Treasury minimum:

   $250K Mercury balance

   Monthly fee:

   $0 for checking and savings

   FDIC coverage:

   Up to $5M via partner banks

   Paid plans:

   Mercury Plus $29.90/mo billed annually

   Bottom line: The best choice for companies holding $250,000 or more that want Treasury yield next to free business banking. Smaller reserves earn more in a high-yield savings account.

   Visit mercury.com ↗

9. 09

   

   American Express Business Savings

   7.9/10

   Business savings account from American Express with no monthly fees or minimum balance, paired with Amex Business Checking.

   Price

   Freemonthly fee

   No monthly maintenance fee and no minimum balance

   “There are no monthly minimum balance requirements and no monthly maintenance fees for Amex ® Business Checking or Amex ® Business Savings.” Quoted from the pricing page, November 11, 2026.

   Free plan

   Yes

   Value (40%)

   7.8

   Features (35%)

   7.6

   Ease of use (25%)

   8.6

   Best forAmex card members who want business savings and checking with the same company and 24/7 support.

   American Express Business Savings is a clean, fee-free account for businesses already tied to Amex. The business banking page says there are no monthly minimum balance requirements and no monthly maintenance fees for Amex Business Checking or Business Savings, and that savings earns a high-yield APY with interest compounded daily and deposited monthly. Pair it with Amex Business Checking to earn 1 Membership Rewards point for every $2 spent on eligible debit purchases, and both accounts come with 24/7 support from banking specialists. The weakness for this list is transparency: the current APY loads from a separate Rates & Fees table and did not display on the page as we fetched it in November 2026, so we could not compare it directly. Because the rate is variable and not published on the product page, it ranks last here. Check the Rates & Fees table before you open the account, and compare it with Live Oak and Grasshopper.

   • ✓No fees and no minimum balance
   • ✓Pairs with Amex Business Checking and Amex cards
   • ✓Support is available around the clock

   • ✕The current APY was not shown on the page as we fetched it, so check the Rates & Fees table
   • ✕Variable rate can change
   • ✕Fewer cash management tools than fintech platforms

   Monthly fee:

   $0

   Minimum balance:

   None

   Compounding:

   Daily, deposited monthly

   Support:

   24/7 specialists

   Checking pairing:

   Amex Business Checking with Membership Rewards

   Bottom line: A reasonable no-fee home for reserves if you already run your business on Amex. Confirm the current APY in the Rates & Fees table before moving money.

   Visit americanexpress.com ↗

Questions or corrections: editorial@rankozo.comSee our disclosure. Prices change; confirm on the vendor page before buying.