Best Small Business Savings Accounts of November 2025

Best Small Business Savings Accounts

If your business has a lot of money saved up for future expenses, leaving the cash in your business checking account may not be the best way to maximize it. The good news is that there are several solid high-yield business savings accounts that are worth considering.

How to Choose the Best Small Business Savings Account

Business bank accounts are as varied as businesses themselves. No two businesses are exactly alike, and of course different business owners will have different long term goals and different preferences when it comes to banking. What works for a food truck might not be the best fit for a woodworking shop. 

If your business deals with a lot of cash, for example, if you take cash payments, then you might run into trouble using an online-only bank, regardless of its competitive interest rates. On the flip side, if your business is based online,a digital  bank account  might be able to  meet your needs and provide convenience.

And of course, while interest rates are a huge factor, you can’t forget to look at eligibility requirements as well as available account tiers.  If you don’t expect your business to hit a high enough minimum deposit to waive monthly maintenance fees, then an account might not be worth it, even if it has a higher-than-average APY.

When looking for any new account, you’ll always want to consider the bank’s other financial products, such as checking accounts, loans, credit cards, investment options and more. If you find a bank that has products to fit multiple of your financial needs – and fits projected needs down the line – then you’ll save yourself the hassle of having to juggle multiple accounts.

Small Business Savings Account FAQs

As we researched the best business savings accounts, we came across several questions from small business owners about the banking process and experience. 

• Are My Funds Insured?

  Most banks offer insurance through the Federal Deposit Insurance Corporation (FDIC). This protection means that your balance, up to a certain amount, is guaranteed in the event that the bank fails. In general, you’ll get $250,000 in FDIC insurance per bank, per depositor, per ownership category.

  So if you have $250,000 at one bank and $250,000 at another, you’re insured for up to $500,000. The same principle applies if you have two accounts with the same bank, for example a personal account and one you share with your business partner.

  If you opt to bank through a credit union, you’ll likely be provided with similar protection. Credit unions are generally protected through the National Credit Union Association (NCUA), also for $250,000 per bank, per depositor and per ownership category.

  As you search for business bank accounts, make sure they’re either FDIC-insured or NCUA-insured.

• What Are Some Other Features and Fees I Should Consider?

  For obvious reasons, banks don’t offer many of the same features on checking accounts – like overdraft protection – for their saving accounts. We’ve covered just about all the features you need to keep an eye out for above.

  That said, if you’re also looking at getting a small business checking account, then definitely be on the lookout for various fees, especially fees for overdrafts or monthly maintenance. And, as with shopping for any product, make sure to look at customer feedback and concerns regarding the banking experience through reviews. It’s also important to check out whether you’ll get perks with your debit card, the number of free transactions you have and more.

  And don’t forget about ATMs.Does the account have a huge network through Allpoint or MoneyPass, or does it restrict you to certain ATMs in a local area?

  You might also want to get an account with a bank that suits your needs for credit cards, loans and other financial products, so you don’t have to have multiple accounts with different financial institutions.

• Should I Get a Business Credit Card?

  Some banks that offer high-yield savings accounts for small businesses also offer business credit cards. If you’re interested in a business credit card, consider the following benefits:

  – Division of business and personal expenses.
  – Relatively affordable financing when you’re just starting out and don’t yet qualify for traditional business loans.
  – Building a line of business credit distinct from your personal credit.
  – Getting some additional time to pay your vendors — in fact, some business credit cards offer an introductory 0% APR, so you could theoretically take months to pay off a balance interest-free.
  – Potentially earning rewards and taking advantage of other perks.

  However, as with a personal credit card, using a business credit card regularly can get you in trouble if you start using it to purchase things your company can’t afford to pay back.

  And keep in mind, you must agree to a personal guarantee with most of these cards. This means that if your business can’t repay the debt, then your personal assets are on the hook.. If you can’t pay it back, it could wreck your credit.

  If you’re considering a business credit card, most of the best options come from major banks like American Express, Chase, Bank of America and Citi.

  As with any important financial and business decision, it’s worth taking your time and comparing multiple options. That’s the only surefire way to find the one that works best for you and your business.

Axos Disclosures

*Disclosure

The Annual Percentage Yield (APY) is accurate as of 11/4/2025. The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.

†Axos Small Business Banking customers can earn up to $600 through the Axos Small Business Banking Cash Bonus Promotion. Promotional terms and conditions are subject to change or removal without notice.

Axos Small Business Banking Cash Bonus Promotion Terms The following terms and conditions (the “Terms”) apply to the Axos Small Business Banking Cash Bonus Promotion, which allows eligible businesses (as defined below) to earn up to $600 on their Basic Business Checking account over 6 statement cycles after account opening by completing the required actions described below.
Promotion Period: October 9th, 2025 at 12:00 a.m. E.T. – June 30, 2026 at 11:59 p.m. E.T.

Who is eligible for the Cash Bonus Promotion?
To be eligible to qualify for the Cash Bonus Promotion, a business must:
· Become a new Axos business customer in the Promotion Period (10/9/2025 – 6/30/2026)
· Apply and be approved for a Business Premium Savings account AND a Basic Business Checking account through a single application (bundle)
·Enter the promo code (SBB600) in the Business Premium Savings / Basic Business Checking application
· Not have qualified for any part of this, or another, Axos promotion on any account(s) within the last 12 months as of the date that the bundled accounts were opened
Businesses who have opened an Axos Small Business Banking account prior to the Promotion Period are not eligible for the Cash Bonus Promotion. Eligible businesses must complete the qualifying activities described below in each Statement Cycle in order to receive the cash bonus in that Statement Cycle.
What qualifying activities do I need to complete to earn the cash bonus?

To qualify for each cash bonus during an eligible Statement Cycle, an eligible business must meet the following requirements in each Qualification Period:
· Deposit $1,000 or more (via ACH, check, or wire) into their Basic Business Checking account from an external source
· Use the debit card associated with their Basic Business Checking account to make 2 or more approved purchases of at least $50 for each transaction
· Maintain an average daily balance of at least $1,500 in the Basic Business Checking account
· Maintain an average daily balance of at least $50,000 in the Business Premium Savings account

The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the Cash Bonus starting in the following month.

Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.

Both accounts must be in an open and active status on the 25th of the month and on the date the Cash Bonus is paid to receive the Cash Bonus for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the Cash Bonus for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.

Additional Important Terms for the Axos Small Business Banking Cash Bonus Promotion
A business is eligible to qualify in the first 7 statement cycles after eligible accounts are opened.
An eligible business can qualify for the Cash Bonus for a maximum of 6 statement cycles.
If an eligible business meets the qualifications during the Qualification Period within a Statement Cycle, a payment of $100 will be credited to their Basic Business Checking account.
This $100 credit will be paid within the first 15 business days following the end of the Statement Cycle in which the eligible business qualified.

An eligible business can earn up to $600 in cash bonuses throughout the entirety of this promotion.
Only one promotional offer may apply to a business at any time. The Cash Bonus Promotion may not be combined with other promotional offers.

Promotion is non-transferable and limited to one account per business. Any subsequent accounts opened by the business will not be eligible for the Cash Bonus Promo.

Axos reserves the right to modify, suspend, or terminate the Promotion at any time without notice.
Standard rates are variable and subject to change at any time. Fees may reduce earnings. For current rates and additional disclosures, please see:
https://www.axosbank.com/business
https://www.axosbank.com/legal/disclosures