which banks let me open a business savings account?

Many traditional and online banks let you open a business savings account , including major national institutions and digital-only banks.

Popular Banks Offering Business Savings

• U.S. Bank : Offers a Basic Business Savings account with a low opening deposit and options for branch support.
• Wells Fargo : Provides Business Market Rate Savings with low minimum daily balance requirements to waive monthly fees.
• Capital One : Offers the Business Advantage Savings account, known for solid promotional rates and easy online management.
• Axos Bank : A digital bank offering high-yield Business Premium Savings accounts completely online.
• Live Oak Bank : An online option featuring competitive high-yield business savings with unlimited transactions.
• First Internet Bank : Provides fully digital regular business savings and money market accounts.

Typical Requirements to Open an Account

• Employer Identification Number (EIN) or Social Security Number (SSN) for sole proprietors.
• Business formation documents (articles of incorporation, partnership agreement, or DBA certificate).
• Government-issued photo ID for owners.
• Initial opening deposit (often ranging from $25 to $100).

If you share your preferred minimum balance and whether you prefer in-person branches or online-only banking , I can recommend the exact best match for your business.

Many banks and credit unions offer business savings accounts. The best choice depends on whether you care most about high interest rates, branch access, low fees, or easy online banking. Here are some common options in the U.S.:

Before opening one, compare:

• APY (interest rate) — online banks often pay more than large branch banks.
• Monthly fees and ways to waive them
• Minimum opening deposit
• FDIC insurance coverage (generally up to $250,000 per depositor, per bank)
• Whether you need cash deposits or local branches

To narrow it down, tell me:

1. Your business type (LLC, sole proprietor, corporation, etc.)
2. Your state (or ZIP code)
3. Approximate savings balance (e.g., under $10k, $10k–$100k, $100k+)
4. Whether you need a physical branch or prefer online-only.

Virtually all major traditional banks, online digital banks, and credit unions offer business savings accounts or business money market accounts.

Here are some of the top options available, categorized by whether they are online-only (typically offering higher yields and lower fees) or traditional national institutions:

• Axos Bank : Offers the Axos Business Premium Savings Account , known for competitive yields and low or zero monthly maintenance fees depending on the structure.
• Capital One : Offers Capital One Business Advantage Savings , which is popular for promotional APYs and solid integration if you also use their business checking.
• Live Oak Bank : Offers the Live Oak Bank Business Savings account, great for straightforward online savings with no opening deposit requirements.
• Grasshopper Bank : Offers the Grasshopper Business Innovator Savings Account , which is tailored for higher balances.
• U.S. Bank : Offers the U.S. Bank Platinum Business Money Market Account , ideal if you prefer a traditional brick-and-mortar footprint with robust relationship tier options.
• Wells Fargo : Offers options like Wells Fargo Business Market Rate Savings or Business Platinum Savings , which allow fee waivers if tied to qualifying business or premier personal checking accounts.
• Other Major Traditional Banks : Institutions like Chase, Bank of America , and PNC also offer business savings, though they often require a linked business checking account and maintaining a minimum daily balance to waive monthly maintenance fees.

To help narrow down the best choice, tell me:

• Do you prefer a digital/online bank (for higher interest rates) or a traditional brick-and-mortar bank (for physical branch access and cash deposits)?
• What is your expected average balance?

Many banks offer business savings accounts (sometimes called business money market savings accounts). The best choice depends on whether you care most about high interest rates, branch access, low fees, or linking with your business checking account.

Here are some common options:

Before opening one, compare:

• APY (interest rate): Online banks often pay more than traditional banks.
• Monthly fees: Some banks waive fees if you keep a minimum balance or link a business checking account.
• Minimum opening deposit: Requirements vary widely.
• FDIC insurance: Confirm the account is covered and check limits if you plan to keep large balances.

If you tell me:

1. your state,
2. your business type (LLC, sole proprietor, corporation, etc.),
3. approximate balance you’ll keep (e.g., $5k, $50k, $250k+), and
4. whether you need a local branch,

I can narrow it down to the best fits.

Here are top web results for exploring this topic:

U.S. Bank·https://www.usbank.com**Open a Business Savings Account** Online | U.S. Bank Promo code Q3SAV26 MUST be used when opening a U.S. Bank Basic Business Savings account. Limit of one bonus per business. A $25 minimum deposit is required to open the referenced account. Earn your $3 NerdWallet·https://www.nerdwallet.com Best High-Yield Business Savings Accounts of 2026 - NerdWallet The best business savings accounts are high-yield accounts from online banks like Live Oak, Axos and NBKC that allow you to earn more money over time. wellsfargo.com·https://www.wellsfargo.com**Open a Business Savings Account** with High Yields | Wells Fargo Customers who own a Premier Checking, Private Bank Checking, or Private Bank Interest Checking account and own a business with an Initiate Business Checking, Navigate Business Checking, Business Marke Live Oak Bank·https://www.liveoak.bank**Business Savings Accounts** - Live Oak Bank Maximize Your Returns. Our competitive business savings interest rates fuel your growth. ; Streamline Your Financial Management. Open your business savings account online and add authorized signers to U.S. News & World Report·https://www.usnews.com Best Business Savings Accounts - August 2026 | U.S. News Best for Branch Access: Chase Business Total Savings. It won't come as a big surprise that Chase is a top choice for businesses that expect to do more in-person banking, as the bank boasts the largest Bank of America·https://business.bankofamerica.com**Business Savings Accounts** | Business Advantage Savings Business savings account. Business Advantage Savings full range of solutions keeps you running your business seamlessly. Standard accounts earn an Annual Percentage Yield (APY) of 0.01% with an averag Airwallex·https://www.airwallex.com 8 Best Business Savings Accounts of 2026 — Airwallex US Best business savings accounts for overall use. Best for global treasury: Airwallex Yield. Ideal for. Airwallex Yield is specifically designed for global businesses, eCommerce merchants, and scaling s Chase Bank·https://www.chase.com**Business savings accounts** and certificates of deposit - Chase Bank Chase has a business savings account for your business. Business savings includes mobile and online banking for businesses with lower and higher savings goals. Investopedia·https://www.investopedia.com Best High-Yield Business Savings Accounts for August 2026 Meritrust Credit Union Premier Money Market Earnings – 4.00%. Required opening deposit: $5; Minimum balance requirement: None; Monthly fee: None · Required opening deposit: $5; Minimum balance requir Axos Bank·https://www.axosbank.com**Business** Premium Savings | High-Yield Business Savings Account Choose a high-yield business savings account with a 3.50% APY, no monthly maintenance fees, no minimum opening deposit, & FDIC insured. Grow your business finances.

Yes. If you mean U.S. banks where you can open a savings account in your business's name, several major banks offer them.

*Rates can change; the listed rates are recent 2026 figures.

My quick take

• Want the highest interest? Look at Axos Business Premium Savings. Its starting APY has recently been around 3.6%, substantially higher than the large traditional banks.
• Already bank with Chase? chase.com is convenient, particularly because linking a qualifying business checking account can waive the savings fee.
• Want a traditional bank + branches? capitalone.com is worth considering. Its Business Advantage Savings has a $3 fee that can be waived with a $300 balance.
• Bank of America also offers Business Advantage Savings, with a $100 opening deposit and ways to waive its $10 monthly fee.
• Wells Fargo offers Business Market Rate Savings and Business Platinum Savings; both can be opened with $25.

If you tell me roughly how much you plan to keep in the account (e.g. $5k, $25k, $100k+) and whether you need branch access, I can narrow it down to the 3 best business savings accounts for you, including current APYs and fees.

Many traditional, digital, and online-only banks allow you to open a business savings or money market account . The right choice depends on whether you prefer managing your funds through physical branches or entirely online.

Online Banks & Fintech Platforms (Best for High Yields & Low Fees)

• Axos Bank : Offers the Axos Business Premium Savings account with competitive yields and no monthly maintenance fees on select business packages.
• Live Oak Bank : Provides the Live Oak Bank Business Savings account featuring strong high-yield interest rates and a $0 minimum opening deposit requirement.
• Grasshopper Bank : Offers high-tier savings and money market options tailored for startups and larger cash balances.
• Mercury : Designed for digital-first businesses and startups, offering streamlined electronic banking with integrated savings features.
• Relay Financial : Great for envelope-style budgeting or the "Profit First" accounting method, letting you spin up multiple savings allocations under one platform.

Traditional Big-Name Banks (Best for In-Person Branch Access & Cash Handling)

• Chase : Offers Chase Business Savings accounts (such as Business Total Savings) with large physical branch networks, though monthly fees usually require a linked business checking account or minimum balance to waive.
• U.S. Bank : Provides standard U.S. Bank Business Savings and money market accounts with manageable daily balance requirements to avoid service fees.
• Wells Fargo : Offers the Wells Fargo Business Market Rate Savings and Platinum options, ideal if you already utilize their business checking.
• Bank of America : Provides Bank of America Business Advantage Savings for robust treasury and in-person financial center access.
• Capital One : Offers the Capital One Business Advantage Savings account, combining traditional branch availability (in select regions) with strong promotional interest rates.

If you tell me what type of business you run (e.g., sole proprietorship, LLC) and whether you need cash-handling at physical branches or prefer 100% online banking , I can recommend the exact account that fits your cash flow best.

Yes. If you're looking around Utica, NY, several banks offer business savings accounts:

Citizens' business savings account has no minimum opening balance, while KeyBank's requires $50. www.citizensbank.comwww.key.com Chase currently offers two business savings options: Business Total Savings and Business Premier Savings. www.chase.com Bank of America's Business Advantage Savings requires a $100 opening deposit.

If your goal is simply to park business cash

I'd narrow it down to:

• Lowest barrier: Citizens — $0 to open and only $500 average balance to waive the fee.
• Small local-business option: KeyBank — $50 to open and relatively low balance requirement to avoid the fee.
• If you already bank with Chase: Chase Total Savings can make sense because the $10 fee can be waived when linked to qualifying Chase business checking.
• If you want a local community bank: Bank of Utica, Adirondack Bank, or NBT are worth comparing in person.

One important thing: business savings APYs at traditional banks can be extremely low. For example, Citizens currently lists 0.01% APY across its business savings balances. www.citizensbank.com If you're planning to keep, say, $10,000–$100,000+ sitting there, I'd also compare business money-market accounts and high-yield business savings accounts.

If you tell me roughly how much you want to keep in the account (e.g. $5k, $25k, $100k), I can compare the best options available to you and show which would actually earn you the most interest after fees.

Yes. Many banks offer business savings accounts, not just business checking. Some good options in the U.S. include:

NerdWallet's 2026 comparison puts Axos Business Premium Savings among the stronger business savings choices, with a listed starting APY of 3.6%, while traditional banks such as Chase and Bank of America have much lower standard savings rates.

If you're choosing between them

• Want a physical branch: Chase or Bank of America
• Want the highest interest rate: look at Axos, Live Oak, Grasshopper, etc.
• Already have business checking: your existing bank may make it easiest/cheapest to add savings. For example, Chase can waive the savings monthly fee when linked to qualifying business checking.
• Have $25k–$100k+ sitting in the account: definitely compare APYs carefully; the difference in interest can become significant.

If you tell me roughly how much you want to keep in the savings account (e.g. $5k, $25k, $100k+) and whether you want a physical branch or online-only, I can narrow it down to the 3 best accounts for you and compare current APYs, fees, and minimums.

Most major traditional banks, regional banks, online-only banks, and fintech platforms let you open a business savings or money market account . The right choice depends on whether you prefer physical branches, low fees, or a high-yield interest rate.

Top options categorized by banking style include:

• Traditional Brick-and-Mortar Banks (Best if you handle physical cash or want in-person service):
  • Chase Bank : Offers options like Business Total Savings and Premier Savings , which have monthly fees that are easy to waive if you maintain a minimum balance or link a business checking account.
  • Bank of America : Provides the Business Advantage Savings account with full access to their extensive financial center and ATM network.
  • U.S. Bank : Offers a Basic Business Savings and platinum money market options with low minimum balance requirements to waive fees.
  • Wells Fargo : Features the Business Market Rate Savings and Business Platinum Savings accounts.
• Online & High-Yield Banks (Best for maximizing interest and avoiding monthly fees):
  • Axos Bank : Offers the Business Premium Savings account featuring competitive high yields and $0 monthly maintenance fees.
  • Live Oak Bank : Provides a high-yield Business Savings account with no monthly maintenance fees and no minimum opening deposit requirements.
  • Capital One : Features the Business Advantage Savings / Business Savings with low opening thresholds and easy-to-waive monthly fees.
  • Grasshopper Bank : Known for the Business Innovator Savings/Money Market account, which works well for larger cash reserves.
• Fintech & Modern Business Platforms (Best for tech-heavy workflows and software integrations):
  • Bluevine : Offers interest-bearing solutions and high-yield goals if paired with their digital business checking ecosystem.
  • Mercury : Tailored specifically for startups and online businesses, offering fee-free digital accounts (note: they do not accept physical cash deposits).
  • Lili : Great for freelancers and small businesses needing built-in tax-saving buckets and expense tracking alongside a high-yield savings setup.

To help narrow down the best fit, tell me:

• Do you need to deposit physical cash regularly?
• Are you looking for the highest interest rate (APY) , or do you prefer a traditional brick-and-mortar bank?