Business bank accounts, comparedBusiness checking, savings and money market accounts compared on monthly fees, APY and opening minimums. Every figure is read on the bank's own page and dated.
Independent research. Every number is checked against the provider's own page and dated. Some links may earn us a commission, which never changes a ranking. How we make money
8 business bank accounts compared; 8 of 8 in the main list were re-read in the last 14 days (newest read Oct 17, 2026). Ranking rule: We group by job: operating checking first, then savings, then money market. Within each job we sort by monthly fee, then by the APY we verified on the bank's own page, current prints first. Checking, savings and a money market are different jobs, so this is not a single-rate ranking. A commission never changes the order. How we rate
Pick the job first: Grasshopper or Axos Basic for no-fee checking, Axos Premium Savings for a 3.50% reserve, Piermont's money market only if you can park $50,000 and open its checking.
Grasshopper's Innovator Business Checking pays 1.00% to 1.35% APY with no monthly fee, a $100 opening deposit and no minimum balance.
No monthly fee, $100 to open.
Rate note: 1.00% APY on $0.01 to $24,999.99, 1.35% on $25,000 to $250,000 and 1.00% above $250,000.01, per Grasshopper's page on October 17, 2026. Rates may…
Axos Basic Business Checking has no monthly fee or minimum balance, unlimited domestic ATM fee reimbursements, and a $200 bonus for new small businesses.
No monthly fee, no minimum to open.
Axos Business Premium Savings pays 3.50% APY on every tier with no minimum opening deposit and no monthly fee, plus a 0.41% boost for up to six cycles.
No monthly fee, no minimum to open.
Rate note: 3.50% APY (3.44% rate) on every tier from $0 to $4,999,999.99, accurate as of 10/17/2026 per Axos. A BOOST41 promotion adds 0.41% APY for up to six…
These are deposit accounts for a US business, not a personal checking or emergency fund. Checking is the operating account: Grasshopper Bank Small Business Checking pays 1.00% with no monthly fee, Axos Bank Business Interest Checking pays 1.01% with a $10 fee, and Axos Bank Basic Business Checking charges no fee and states no APY. Savings is the reserve: Axos Bank Business Premium Savings pays 3.50% with no fee, Grasshopper Bank Innovator Savings pays 3.25% from $25,000, and Axos Bank Business Savings pays 0.20%. The money market row is Piermont Bank Business High Yield Money Market at 3.75% on $50,000 with business checking, and Axos Bank Business Money Market at 0.20%. Figures last checked Oct 17, 2026.
| Business bank accounts | Job | APY | Monthly fee | Min. to open | Verified |
|---|---|---|---|---|---|
| Business checking | 1.00% | None | $100 | Oct 17, 2026 | |
| Business checking | See terms | None | None | Oct 17, 2026 | |
| Business checking | 1.01% | $10/mo | $100 | Oct 17, 2026 | |
| Business savings | 3.50% | None | None | Oct 17, 2026 | |
| Business savings | 3.25% | None | $100 | Oct 17, 2026 | |
| Business savings | 0.20% | $5/mo | $1,000 | Oct 17, 2026 | |
| Business money market | 0.20% | $10/mo | $1,000 | Oct 17, 2026 | |
| Business money market | 3.75% | $25/mo | None | Oct 17, 2026 |
Each date is when we last checked the provider's own page. Rates and terms can change, so confirm with the provider before you apply.
In ranking order. Each one lists the numbers that decide the choice, its main strengths and its main catches.
Grasshopper's Innovator Business Checking pays 1.00% to 1.35% APY with no monthly fee, a $100 opening deposit and no minimum balance.
Rate note: 1.00% APY on $0.01 to $24,999.99, 1.35% on $25,000 to $250,000 and 1.00% above $250,000.01, per Grasshopper's page on October 17, 2026. Rates may change after the…
Grasshopper Bank's small business checking, branded Innovator Business Checking, is a fully digital business account with no monthly maintenance or overdraft fees. The bank asks for a $100 minimum opening deposit and has no minimum balance requirement.
Axos Basic Business Checking has no monthly fee or minimum balance, unlimited domestic ATM fee reimbursements, and a $200 bonus for new small businesses.
Axos Bank Basic Business Checking is a no-fee business checking account with unlimited transactions and no transaction fees. Axos lists no monthly maintenance fee and no initial deposit or minimum balance requirement. The page does not state an APY.
Axos Business Interest Checking pays 1.01% APY on balances under $50,000, with a $10 monthly fee waived at a $5,000 average daily balance.
Rate note: 1.01% APY on $0 to $49,999.99; 0.20% on $50,000 to $249,999.99; 0.10% above, per Axos as of 10/17/2026. Variable and may change as often as daily.
Axos Bank Business Interest Checking is a tiered, interest-bearing business checking account.
Axos Business Premium Savings pays 3.50% APY on every tier with no minimum opening deposit and no monthly fee, plus a 0.41% boost for up to six cycles.
Rate note: 3.50% APY (3.44% rate) on every tier from $0 to $4,999,999.99, accurate as of 10/17/2026 per Axos. A BOOST41 promotion adds 0.41% APY for up to six statement cycles with…
Grasshopper's Innovator Savings for business pays up to 3.25% APY on balances of $25,000 and up (1.55% below), with a $100 opening deposit.
Rate note: 3.25% APY on balances of $25,000 and up; 1.55% APY on $0.01 to $24,999.99. Accurate as of 10/13/2026 per Grasshopper. Variable and can change at any time.
Innovator Savings is Grasshopper Bank's business savings account. Grasshopper advertises up to 3.25% APY: 1.55% APY on balances from $0.01 to $24,999.99 and 3.25% APY on balances of $25,000 and up, accurate as of 10/13/2026.
Axos Business Savings lists 0.20% APY on every tier up to $5M, with a $1,000 opening deposit and a $5 fee below a $2,500 average balance.
Rate note: 0.20% APY on every tier from $0 to $4,999,999.99, accurate as of 10/17/2026 per Axos. Variable; may change as often as daily.
Axos Bank Business Savings is the plain business savings account in Axos's lineup.
Axos Business Money Market lists 0.20% APY (page dated 6/26/2024), with a $1,000 opening deposit and a $10 fee below a $5,000 average balance.
Rate note: 0.20% APY on every tier from $0 to $4,999,999.99. Axos's page footnotes the rate as accurate as of 6/26/2024; confirm the current rate. Variable…
Axos Bank Business Money Market is a tiered, variable-rate business money market account.
Piermont's Business High Yield Money Market pays 3.75% APY on $50,000+ with an open business checking account, with no minimum to open.
Rate note: 3.75% APY for $50,000+ with an open, funded business checking account…
Piermont Bank's Business High Yield Money Market is a promotional-tier business money market account.
Pick the job first. A 3.50% savings APY does not replace a $0 checking account, and a 3.75% money market APY that needs $50,000 is not an operating account.
Checking is for bills, payroll and cards. Grasshopper lists no monthly maintenance or overdraft fees, a $100 opening deposit, and 1.00% to 1.35% APY. Axos Basic lists no monthly fee, no opening deposit and a $200 new-business bonus (code START200, open by January 31, 2027) but no APY. Axos Interest pays 1.01% on balances under $50,000 with a $10 fee waived at a $5,000 average daily balance.
Axos Premium Savings lists 3.50% APY on every tier with no monthly fee and no opening minimum (a BOOST41 add-on of 0.41% for up to six cycles needs a new Basic Business Checking account). Grasshopper Innovator Savings lists 3.25% from $25,000 and 1.55% below that, with $100 to open and no monthly fee. Axos Business Savings lists 0.20% APY, $1,000 to open and a $5 fee below a $2,500 average balance, so it is a convenience reserve, not a yield play.
Piermont's 3.75% APY needs $50,000 and an open, funded business checking account (3.25% without checking or from $20,000 to $50,000, 0.75% below $20,000). The $25 monthly fee is waived at a $1,000 average balance, and the offer is for new customers. Axos Business Money Market lists 0.20% APY with a rate table dated 6/26/2024, $1,000 to open and a $10 fee below $5,000.
Axos checking, savings and money market share one login. Grasshopper checking and Innovator Savings do the same. Compare Grasshopper checking with Axos checking, and Grasshopper savings with Axos Premium Savings. Do not rank Axos Basic against Axos Interest as if they were rivals.
Personal emergency-fund rankings live on the savings directory. A business APY on this page is not a reason to move household cash into a business account, and a personal HYSA is not an operating account for a company.
We group by job: operating checking first, then savings, then money market. Within each job we sort by monthly fee, then by the APY we verified on the bank's own page, current prints first. Checking, savings and a money market are different jobs, so this is not a single-rate ranking. A commission never changes the order.
No position in this list is paid for. If a paid placement ever appears in a list, it is labeled Sponsored and never carries a “best for” label.
Operating checking, a savings reserve and a money market are different purchases. The list names the job so they are not read as substitutes.
The fee as published, any waiver, and the deposit needed to open, from the bank's own page.
Each APY is read off the bank's own rate page and stamped with the date we checked. A missing APY stays blank.
Some links may earn us a commission, and it never changes the order.
Date of the newest issuer-page stamp
There is no overall winner. Grasshopper Bank Small Business Checking is the no-fee interest checking product. Axos Bank Basic Business Checking is the no-fee, no-minimum checking product with a $200 new-business bonus. Axos Bank Business Premium Savings is the no-fee 3.50% savings product. Piermont Bank Business High Yield Money Market is the 3.75% money market product if you can hold $50,000 and open Piermont checking.
Yes. Grasshopper lists 1.00% APY on $0.01 to $24,999.99, 1.35% on $25,000 to $250,000 and 1.00% above $250,000.01, with no monthly fee and a $100 opening deposit. Rates may change after the account is opened.
3.50% APY on every tier up to $4,999,999.99 as of 10/17/2026, with no monthly fee and no opening minimum. A BOOST41 promotion adds 0.41% for up to six statement cycles when opened with a new Basic Business Checking account between October 1, 2026 and April 1, 2027.
Best Business Bank Accounts was last updated in October 2026 and uses rates and fees we verified against each provider's own page. Spot something out of date? Tell us.
