Top 7 High-Yield Business Savings Accounts to Watch in 2025

Choosing the right high-yield savings account is crucial for a successful and growing business. These accounts typically offer much higher interest rates, often 20 to 25 times greater than traditional savings, allowing you to earn significantly better returns on your funds. Most high-yield accounts also facilitate easy electronic transfers between your business and personal accounts, making it simple to move money without dealing with complicated paperwork or extra charges.

Many of these specialized business accounts don’t require maintaining a minimum balance and come with fewer banking fees, giving you more flexibility and savings potential. In this guide, I will cover some of the top high-yield savings options suitable for small businesses, helping you maximize your earnings securely. Let’s dive into the details.

Below are some of the best high-yield savings accounts currently available for businesses.

Capital One’s online Performance savings account can be set up in as little as five minutes, making it one of the fastest accounts to get started with. It features no monthly fees and requires no minimum balance, so your savings can grow without unnecessary costs. The digital tools provided allow you to transfer funds effortlessly, set up automatic transfers, receive spending alerts, and manage your account via a mobile app, keeping you in control at all times.

Salliemae provides a 0.50% annual percentage yield, with interest compounded daily and paid out monthly. This setup maximizes your savings growth over time, and the absence of a minimum balance requirement allows small business owners to deposit as much as they need without losing out on interest earnings. Additionally, this account enables you to write checks directly from it, simplifying your business transactions and reducing the need to move money around.

CIT allows you to open a high-yield savings account without any monthly service charges.

They not only eliminate monthly fees but also waive ATM charges altogether, and you can earn up to $30 back each month when using ATMs from other banks. With an APY of 0.5% and a minimum opening deposit of just $100, you have the option to boost your interest earnings by depositing $200 or more during the initial account setup and each subsequent month. This makes it easy to grow your savings faster. Linking an eChecking account provides seamless, free transfers, making it convenient to manage your funds and increase your savings over time.

LendingClub provides an impressive APY of 0.6% when your account balance exceeds $2,500. This high rate makes it a top choice for maximizing your savings.

There are no monthly fees for this type of account, so your money can grow uninterrupted without deductions. They also include a free ATM card upon account opening, giving you easy access to your funds anywhere. LendingClub ensures your savings are protected under FDIC insurance up to the maximum amount permitted by law, offering peace of mind that your money is safe.

Alliant Savings provides a high-yield account with an APY of 0.55%, which is more than 11 times higher than the average bank rate. Their mobile app allows you to deposit checks and monitor your spending easily, making saving simple and accessible wherever you are.

more lucrative, allowing you to earn higher interest on your business funds while you’re on the go. By opting for electronic statements, you can access your savings account anytime without relying on paper mail. If mobile banking is your preferred method, simply log in with Touch ID for enhanced security, and manage your finances effortlessly.

Discover offers a zero-fee policy, with no monthly charges, insufficient funds fees, or minimum deposit requirements. This means regardless of your account balance, you won’t be billed for maintaining it. If your balance drops below a set minimum, no fees are applied. The account features a competitive 0.4% APY—five times the national average—and provides an online calculator to help you compare potential savings across banks easily.

American Express is renowned for its high customer satisfaction and easy money management solutions. It facilitates seamless transfer processes and automated deposits, while offering digital statements that make it simple to track your earnings. With a 0.4% APY that compounds daily, your savings grow steadily over time.

Other noteworthy high-yield business savings accounts include options from Axos Bank, First Internet Bank, and Live Oak Bank.

High-yield business savings accounts are financial products that offer higher annual percentage yields (APYs), enabling your business funds to grow faster with greater interest earnings. These accounts typically provide features tailored to business needs, such as easy access, low fees, and transparent interest accrual, helping you maximize your savings and cash flow management.

Much higher than what you’d find with a standard savings account, a high-yield business savings account is an attractive option for companies aiming to grow their funds efficiently. These accounts are tailored for businesses that want to save money without sacrificing the quality of service from their bank. Typically, they’re used for short-term savings needs.

One of the biggest advantages of a high yield business savings account is convenience. You can access your funds easily and add money whenever necessary, so your assets remain flexible and accessible. These accounts often come with low monthly maintenance fees—lower than traditional savings accounts—making them an affordable way for your business to build savings. Plus, many of these accounts have no minimum balance requirement, easing the path to saving whenever possible. To maximize benefits, it’s a good idea to look out for promotional offers or sign-up bonuses that some providers may offer.

How Does An Online High-Yield Savings Account Work?

Opening an online high-yield savings account usually takes just minutes, and once it’s set up, depositing your savings is straightforward. You simply transfer funds into your account and can start earning interest immediately. Most banks notify account holders of any changes in interest rates or fees via their online portals, so you’re always kept in the loop. These accounts typically feature daily compounding interest, meaning your money earns interest every day. Over time, even small daily interest gains can accumulate significantly, helping your savings grow faster—especially useful when preparing for future expenses.

The Importance Of Security In A Business Savings Account

Security is a top priority for online business savings accounts. Reputable providers implement various safeguards like two-factor authentication, which adds an extra layer of verification beyond just a username and password. This might involve verification codes sent via text or hardware tokens. Strong password policies, challenge questions, and security alerts further help protect your assets. Additionally, FDIC insurance provides peace of mind—your account balance is protected up to $250,000 in case the bank faces financial difficulties, ensuring your funds are safe.

Questions to ask when opening an online banking savings account

When choosing an online high-yield business savings account, it’s crucial to consider several important factors:

What kind of interest rate can you expect?

Generally, these accounts offer higher, compounded interest rates than traditional savings accounts, making them a great choice for maximizing your savings.

What kind of fees are involved?

Be sure to verify if there are monthly maintenance fees, setup charges, or other costs. Many accounts are free of monthly fees, but some linked services like investment apps may require fees. Avoiding setup fees allows you to put more money toward savings from the start.

What kind of account will you need?

Options include money market accounts, business checking, and standard online savings accounts. Money market accounts often accrue higher interest and allow check-writing; they are suited for businesses that want both growth and access. Business checking accounts provide immediate access and check-writing capabilities, ideal for paying expenses. Standard online savings accounts offer higher interest rates purely focused on saving, without additional features.

How easy is it to move money between accounts?

Having seamless, instant transfers is advantageous for managing your funds effectively, allowing you to adjust your savings strategies as needed.

Can I access my account from any device?

Access from multiple devices—smartphones, tablets, desktops—is essential. Look for accounts that offer mobile apps or phone banking options, enabling you to manage your funds anywhere, anytime, at no extra cost.

Best High Yield Business Savings Accounts – FAQs

What is an average daily balance?

This refers to the amount of money in your account averaged over a specific period, often used to determine fee eligibility or account status. Typically, the required minimum daily balance ranges between $1,000 and $5,000, depending on the bank.

Is it easy to get business loans with high-yield savings accounts?

Most high-yield savings accounts are limited to online savings and do not directly facilitate business loans. For borrowing needs, you might need to explore separate loan options or lines of credit provided by the bank.

Obtaining a business loan may be more accessible with the right financial services on offer.

High-yield business savings accounts can provide numerous benefits, especially if you select the right one. These accounts can help grow your savings through competitive interest rates and additional features that make managing your money more straightforward. Once you understand your needs, choose an account that aligns with your goals, open it, and watch your money grow as interest compounds at the highest available rate.

These accounts often come with extra features that facilitate easier money management, impacting your financial health over time. Do you have a favorite high-yield savings account or bank? Are there any noteworthy institutions not listed? Share your thoughts in the comments below.

Additional resources from SecretSauce: Considering opening a business checking account? Here are the top checking accounts for LLCs.

You might also find useful my guide on the best commercial real estate loans and rates, if you’re interested in securing a mortgage for your commercial property.

Lastly, here’s a post on the best credit unions for small businesses, worth checking out.