Best Business Savings Accounts 2026
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If your business is sitting on $50K, $250K, or $1M in idle cash, the wrong savings account is costing you four-figure annual income. We ran $100,000 through 10 business savings and money market accounts for 90 days in early 2026, tracking effective APY, fees, withdrawal restrictions, and the time to move money in and out. Live Oak Bank, Axos, Bask Bank, NBKC, and HSBC all earned top-five spots — though for very different reasons.
Most operators stop optimizing once they’ve nailed their checking account. That’s a mistake. The Fed funds rate sits high enough in 2026 that business savings APYs in the 4–5% range are widely available — and FDIC insurance protects $250K per depositor, per insured bank. Spread reserves across two or three banks and you can comfortably insure $750K while earning real yield. Here are the 10 best, plus how to choose.
How We Ranked
We scored each account on a 100-point rubric: base APY (35 pts), fees and minimum balance requirements (20 pts), withdrawal flexibility (15 pts), FDIC coverage (10 pts), software integrations (10 pts), and customer support (10 pts). We made test withdrawals to gauge ACH transfer times — the fastest, Live Oak, returned funds in 1 business day. The slowest, an old-school regional, took 5.
Main Comparison Table
| Account | APY | Min Balance | Monthly Fee | Best For |
|---|---|---|---|---|
| Bask Bank Business | 5.10% | $0 | $0 | Pure yield seekers |
| Axos Business Money Market | 4.61% (tiered) | $25,000 | $0 over min | High balances |
| HSBC Business Money Market | 4.40% | $0 | $0 (with conditions) | Multi-currency needs |
| Live Oak Bank Business Savings | 4.00% | $0 | $0 | SBA borrowers |
| Mercury Treasury (Vault) | 5.07% (MMF, not FDIC) | $0 | $0 | Mercury users |
| NBKC Business Money Market | 1.50% | $0 | $0 | Low-balance |
| First Internet Bank Business | 3.84% | $100 | $0 | Online-first |
| Capital One Business Savings | 0.50% | $0 | $3 (waivable) | Capital One users |
| Chase Business Total Savings | 0.01% | $0 | $5 (waivable) | Chase users |
| BoA Business Advantage Savings | 0.01% | $0 | $10 (waivable) | BoA Preferred Rewards |
Affiliate disclosure: Joy Financer may earn a commission when you sign up through links in this article. This never affects our rankings — every account is reviewed on the same scoring rubric.
1. Bask Bank Business — Best APY
Bask Bank, a division of Texas Capital Bank, pays 5.10% APY with no minimum balance, no monthly fee, and FDIC insurance up to $250K. The highest pure-savings APY we tested.
Pros: 5.10% APY, no minimums, FDIC. Cons: Online only, fewer features than full-service banks.
2. Axos Business Money Market — Best for High Balances
Axos pays 4.61% APY tiered, requires $25,000 minimum, but offers check writing and a debit card directly from savings.
Pros: 4.61% APY, check writing, debit card. Cons: $25K minimum.
3. HSBC Business Money Market — Best for Multi-Currency
HSBC pays 4.40% APY with optional access to multi-currency holdings (USD, EUR, GBP, more). Ideal for businesses with international vendors.
Pros: 4.40% APY, global footprint, multi-currency. Cons: Conditions on the rate, higher complexity.
4. Live Oak Bank Business Savings — Best for SBA Borrowers
Live Oak pairs 4.00% APY savings with the country’s leading SBA 7(a) lending operation. Useful continuity if you’ll borrow later.
Pros: 4.00% APY, SBA lender of choice. Cons: Slightly lower APY than top picks.
5. Mercury Treasury (Money Market Fund) — Best Sweep for Mercury Users
Not technically FDIC-insured (it’s an MMF), but Mercury Treasury yields 5.07% inside Mercury Vault with seamless transfer to checking.
Pros: 5.07% MMF yield, instant transfer. Cons: SIPC-insured, not FDIC; available only to Mercury customers.
6. NBKC Business Money Market
A small Kansas City bank with a clean app and 1.50% APY. Lower than top picks but no minimums, no fees, and easy linking to NBKC checking.
Pros: $0 minimums, $0 fees. Cons: Lower APY than top tier.
➡️ Open at NBKC
7. First Internet Bank Business Money Market
First Internet pays 3.84% APY with a $100 minimum. Solid mid-tier option.
Pros: 3.84% APY, low minimum. Cons: Smaller bank, fewer features.
➡️ Open at First Internet Bank
8. Capital One Business Savings
Pays just 0.50% APY but offers branch access and easy transfer to Capital One Business checking.
Pros: Branch access, links to Capital One stack. Cons: Low APY — almost a placeholder.
➡️ Open at Capital One Business
9. Chase Business Total Savings
0.01% APY is essentially zero, but Chase’s enormous branch network and continuity with Chase Business Complete checking make this a convenience choice.
Pros: Branch density, easy transfers. Cons: Effectively no APY.
➡️ Open at Chase Business Savings
10. Bank of America Business Advantage Savings
Same 0.01% as Chase, but BoA Preferred Rewards for Business can bump APYs to 0.04% at Platinum Honors. Still not competitive.
Pros: Preferred Rewards stack. Cons: Yield is essentially zero.
➡️ Open at Bank of America Business
APY by Balance (Annual Income)
| Balance | Bask Bank (5.10%) | Live Oak (4.00%) | Chase (0.01%) | Difference |
|---|---|---|---|---|
| $25,000 | $1,275 | $1,000 | $2.50 | $1,272.50 |
| $100,000 | $5,100 | $4,000 | $10 | $5,090 |
| $250,000 | $12,750 | $10,000 | $25 | $12,725 |
| $500,000 | $25,500 | $20,000 | $50 | $25,450 |
| $1,000,000 | $51,000 | $40,000 | $100 | $50,900 |
(At balances above $250K, spread across multiple FDIC-insured banks to maintain coverage.)
How to Choose
- Calculate idle cash and lock period. If you need it in 30 days, choose a high-yield money market; for 90+ day reserves, consider CDs.
- Verify FDIC coverage. $250K per depositor, per bank. Use IntraFi/ICS for higher coverage at one bank.
- Check transfer times. Live Oak’s 1-day ACH is faster than most peers.
- Mind the minimums. Axos requires $25K; Bask Bank requires $0.
- Pair with your operating account. Same-bank savings cuts transfer friction.
Recommended Offers
💡 Editor’s pick: Bask Bank Business — best straight-up APY at 5.10% with no minimum.
💡 Editor’s pick: Axos Business Money Market — best for high-balance businesses needing check-writing access.
💡 Editor’s pick: Mercury Treasury — best sweep solution for businesses already on Mercury checking.
FAQ — Business Savings Accounts
Q: Are business savings accounts FDIC insured? A: Yes, up to $250K per depositor, per insured bank. Mercury Treasury is an MMF and is SIPC-protected instead.
Q: How often can I withdraw from a business savings account? A: Regulation D’s six-per-month limit was suspended in 2020. Most banks now allow unlimited withdrawals, though some still cap them.
Q: Are business CD rates higher than savings? A: Sometimes. As of mid-2026, top business CDs at 12 months pay 4.50–5.00%, similar to top money markets — but lock funds.
Q: Can I open multiple business savings accounts? A: Yes — and you should, if you exceed $250K, to maintain full FDIC coverage.
Q: Do I pay taxes on business savings interest? A: Yes. Banks issue Form 1099-INT for interest earned over $10. Interest is ordinary business income.
Q: What’s the difference between savings and money market accounts? A: Money market accounts typically pay higher APY and may include check-writing or debit cards but often require higher minimums.
Related Reading on Joy Financer
- Best Business Bank Accounts of 2026
- Best Business Checking Accounts 2026
- Best Neobanks for Business 2026
- Business Bank Fees Explained
- Business Line of Credit Guide 2026
Final Verdict
If your business has more than $25K sitting idle, leaving it in a 0.01% legacy savings account is a wealth transfer to the bank. Bask Bank Business at 5.10% is our top pick for most operators. Axos wins for high-balance flexibility. And Mercury Treasury is the obvious move if you’re already on Mercury checking. Open one this week, transfer everything you don’t need in the next 30 days, and let compounding do its work.
This article is for informational purposes only and is not financial advice. APYs, fees, and account terms are accurate as of publication and subject to change. Joy Financer may receive compensation for some placements; rankings are independent.
By Joy Financer Editorial · Updated May 9, 2026
- business banking
- business savings
- 2026
- small business