Best Business Savings Account Rates — October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Finance Calculators
Business savings account rates range from 3.75% to 5.00% APY, verified by MonitorBankRates as of October 13, 2026. Top business savings rates currently available include AdelFi Credit UnionAdelFi Credit Union255 N Lone Hill Ave, San Dimas, CA 91773 2308A+5.0 ★Texas Ratio: 4.71% offering Ministry - Business Harvest Savings at 5.00% APY, and 2UniFi Bank2UniFi Bank990 W Broadway, Jackson, WY 83001A+5.0 ★Texas Ratio: 0.00% offering Business Savings at 5.00% APY, and Bank of Greene CountyBank of Greene County425 Main St, Catskill, NY 12414A+5.0 ★Texas Ratio: 1.35% offering e-BUSINESS SAVINGS at 5.00% APY, and Bank of Greene CountyBank of Greene County425 Main St, Catskill, NY 12414A+5.0 ★Texas Ratio: 1.35% offering e-Solution e-Business Savings at 5.00% APY. Savings rates as of October 13, 2026 according to verified data from MonitorBankRates.
We evaluate every listed institution using proprietary Safety Grades (A+ to F), Star Ratings, and Texas Ratios — so you can maximize yield and deposit with confidence.
APYs reflect actual verified offers. Rates subject to change. Last Updated: October 13, 2026
Compare the Best Business Savings Rates
Tiered-based savings account. 5.00% APY will be paid on balances up to $5,000. Balances between $5,000.01-$10,000 will earn the lower dividend rate of APY. Balances $10,000.01+ will earn the dividend rate of APY. $5.00 monthly service fee if the balance falls below $100.00. No fee for Custodian Accounts under age 18. One Harvest Savings account per member.
Qualifying balance up to $10,000.00; Automatic sweep transfers funds nightly to savings and back in the morning.
Balance: $1 - $500
Balance: $1 - $500; Balance for APY is blended and may range from 0.05% to 5.00%. Fees may reduce earnings. Gift is awarded when account is opened. We reserve the right to substitute a gift of similar value.
Balance: $0-$5,000
Balance: $1 - $500
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Balance: $10,000+; Earn 4.25% APY when you keep $10,000+ in savings - more than 11 the national average.3 Otherwise earn 1.00% APY.
- Sep 24, 20264.25%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Balance: $100,000 - $249,999
Balance: 1,000,000 & Over
- Sep 19, 20264.00%▲ from 3.74%
- Sep 14, 20263.74%first recorded
Balance: $50,000+
Balance: $0 - $250,000
No additional details available.
Balance: $250,000 - $499,999
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Balance: $500,000+; $500,000+
Rates are accurate as of 7/1/2025 and may change after the account is opened. Fees for ATM transactions at foreign (non-Primis) ATMs will be refunded to your account on the 15 of the month. Fees may reduce earnings. This account is only available online.
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Limited-time promotional rate on all balances for up to 6 months. Use promo code BOOST41.
Balance: $1,000,000 and over
- Oct 9, 20263.90%▲ from 2.70%
- Sep 29, 20262.70%first recorded
Balance Optimizer
Balance: $1,000,000.00 +
Method of Compounding: Daily; Balance: $25,000
Balance: $0.01
No additional details available.
Balance: $0 - $2,500,000
Balance: $50,000.01 and greater
Balance: $100,000 +
Savings Rate Trends
Daily average APYs for business and standard savings
Daily averages from our database of 8,500+ banks and credit unions — updated every evening.
What Is a Business Savings Account?
A business savings account is a deposit account specifically designed for companies, partnerships, LLCs, and sole proprietors. It earns interest on idle cash while keeping business funds legally separate from personal finances — a critical requirement for liability protection, tax compliance, and clean bookkeeping.
All legitimate business savings accounts at FDIC-member banks are insured up to $250,000 per depositor. Credit union equivalents carry NCUA protection for the same amount. Businesses with balances exceeding coverage limits should consider distributing deposits across multiple institutions.
How to Choose a Business Savings Account
Beyond the headline APY, evaluate: monthly maintenance fees and how to waive them, minimum balance requirements to earn the advertised rate, ACH and wire transfer capabilities, integration with business banking software, and whether the institution also offers business checking or lending services. MonitorBankRates displays each institution’s Safety Grade, Star Rating, and Texas Ratio so you can assess financial health alongside rate competitiveness.
What Idle Operating Cash Could Be Earning
Most businesses keep more in low-yield checking than near-term obligations require. Here is a year of interest on a reserve balance at the current business savings average versus the top verified offer in our table.
| Balance | Earned in 1 Year at 0.63% APY Business average |
Earned at 5.00% APY Top offer in our table | Difference |
|---|---|---|---|
| $10,000 | $62.70 | $500.00 | $437.30 |
| $50,000 | $313.50 | $2,500.00 | $2,186.50 |
| $100,000 | $627.00 | $5,000.00 | $4,373.00 |
| $250,000 | $1,567.50 | $12,500.00 | $10,932.50 |
| $500,000 | $3,135.00 | $25,000.00 | $21,865.00 |
Assumes the rate holds for the full year with no withdrawals and monthly compounding. Business savings APYs are variable and often tiered, and any monthly maintenance fee not waived would reduce these figures. Interest earned is business income and is generally taxable.
Business vs. Personal Savings Accounts
Mechanically the same product, but the paperwork, fee structure, and controls differ in ways that matter once real operating cash is involved.
| Business Savings | Personal Savings | |
|---|---|---|
| Who Can Open It | Registered entity — EIN, formation documents, authorised signers | An individual, with an SSN |
| Typical APY | ● Often below the best personal rates | ✓ Usually the higher advertised rates |
| Monthly Fees | ● More common, often waived above a balance | Frequently none |
| Multiple Signers | ✓ Yes, with dual-control options | ✗ Owner and joint owner only |
| Sweep Arrangements | ✓ Often available from operating checking | ✗ Rarely offered |
| Deposit Insurance | $250,000 — the business is the depositor | $250,000 — the individual is the depositor |
| Interest Treatment | Taxable business income | Taxable personal interest income |
A corporation or LLC and its owner are separate depositors for insurance purposes, so a business account and a personal account at the same institution are insured separately. Sole proprietorship funds are generally insured together with the owner’s personal accounts, since there is no separate legal entity. Confirm your structure with the institution.
What to Check Before Moving Operating Cash
The top APY is the wrong thing to optimise if the account can’t support how your business actually moves money. Work through these first.
Whether the Fee Waiver Is Realistic
Maintenance fees are common on business accounts and usually waived above a minimum. Check whether that minimum is an average daily balance or an absolute floor — if your balance dips at month-end when payables clear, an absolute floor triggers the fee anyway.
Transfer Limits and Per-Item Charges
Savings accounts often cap outbound transfers per statement cycle with a fee beyond that. If this account will feed payroll or vendor runs, count your real monthly transfers first — excess fees can erase the yield advantage completely.
Sweep From Operating Checking
A sweep moves idle cash into savings automatically and back when needed. It is the difference between earning on your average balance and earning on the balance you remember to move. Ask about the threshold and the timing.
Signers and Controls
Confirm how many authorised signers are supported, whether dual approval is available for outbound transfers, and how quickly signers can be added or removed. Beyond an owner-operator, these matter more than a few basis points.
Split operating cash in two: the float you touch weekly belongs in checking where transfer limits don’t bite, and the reserve you won’t need for months belongs here earning yield. Running both from one savings account is what triggers excess-transaction fees.
About Our Business Savings Rate Database
This page tracks savings accounts available to businesses, drawn from the thousands of verified rates in our database. Every APY is sourced directly from the institution’s own website and re-verified regularly. Business account terms vary more than personal ones — confirm transfer limits, fee waivers, and signer requirements with the institution before opening.
The highest verified APY in our table right now is 5.00% APY from AdelFi Credit Union. APYs on these accounts are variable — the institution can change the rate at any time without notice, so today’s leader may not lead next quarter.
Business Savings Calculator
Model what a reserve balance earns over your planning horizon. We’ve prefilled the top verified rate — click any rate on the right to compare against the averages.
Assumes the APY holds for the entire period and interest compounds monthly with no withdrawals. Savings rates are variable and tiered, and this model does not deduct monthly maintenance fees or excess-transaction charges, which can materially reduce net yield on a business account. Interest is generally taxable business income. Not a rate guarantee, an offer, or tax advice.
Methodology & Data Sources
Direct-Sourced & Verified Rate Data: We aggregate business savings account rates directly from the official websites of banks and credit unions using our proprietary rate aggregation technology. By pulling data straight from institutions’ own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and Coast-to-Coast Coverage: Our systems constantly monitor the market to provide a complete picture of available business savings yields across the country, featuring a comprehensive mix of community banks, credit unions, and online institutions.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Every product listed features its own specific “last updated” date for full transparency.
Proprietary Institution Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio.
Savings Calculators
Frequently Asked Questions about Business Savings Accounts
What is a Business Savings Account?
Are business savings accounts FDIC insured?
What documents do I need to open a business savings account?
Can a sole proprietor open a business savings account?
How do business savings rates compare to personal savings rates?
How many transactions can I make per month?
What should I look for in a business savings account?
What are the best Business Savings rates right now?
- AdelFi Credit Union
Ministry - Business Harvest Savings — 5.00% APY - 2UniFi Bank
Business Savings — 5.00% APY - Bank of Greene County
e-BUSINESS SAVINGS — 5.00% APY - 1st Security Bank of Washington
Business Optimum Savings — 5.00% APY - Greene County Commercial Bank
e-BUSINESS SAVINGS — 5.00% APY
More Savings Rate Options
