Best business savings accounts in 2026
Ranked on the APY a business reserve actually keeps, with the balance cliff and the fee named next to it.
Axos Bank Business Premium Savings lists 3.50% on every tier with no monthly fee and no opening minimum, read Oct 17, 2026. Grasshopper Bank Innovator Savings lists 3.25% from $25,000 and 1.55% below that. Piermont Bank Business High Yield Money Market lists 3.75% on $50,000 with business checking. Axos Bank Business Savings and Axos Bank Business Money Market both list 0.20%. Personal high-yield savings is a different ranking.
A business savings account is a reserve, not an operating account. The three savings products and two money market products below were read on 17 October 2026. We rank on the published APY, then name the balance, the fee and any second-account test. Personal emergency-fund rankings live on the high-yield savings guide, so a business APY never takes a household pick's place.
How we ranked: highest published APY among current prints, with the condition written next to the figure. A commission never changes the order (how we make money). This is general information, not financial advice.
Top Picks
Each figure is what the provider's own page states, with the date we read it.
| Product | Lead figure | Best for | Read on |
|---|---|---|---|
| Axos Bank Business Premium Savings | 3.50% APY | A business reserve that should earn from the first dollar. | |
| Grasshopper Bank Innovator Savings | 3.25% APY | A Grasshopper client holding at least $25,000. | |
| Piermont Bank Business High Yield Money Market | 3.75% APY | A business that can park $50,000 and will open Piermont checking. | |
| Axos Bank Business Savings | 0.20% APY | An Axos login that needs a named savings bucket, not a yield. | |
| Axos Bank Business Money Market | 0.20% APY | Only if you already hold Axos deposits and will confirm the live rate. |
A business reserve that should earn from the first dollar.
A Grasshopper client holding at least $25,000.
A business that can park $50,000 and will open Piermont checking.
An Axos login that needs a named savings bucket, not a yield.
Only if you already hold Axos deposits and will confirm the live rate.
More Business Bank Accounts in the catalog
Other products in this category that we track. Open one to see its figures and the date we read them.
Business savings versus a business money market
Both are bank deposits, FDIC insured through the named bank. A money market is the product that sometimes adds checks or a debit card. Axos Business Money Market does not mention check writing or a debit card on its page. Piermont's product is still a money market with balance tiers and a checking test. If you will never write a check from the reserve, a savings account is the simpler comparison.
The headline APY is often a different product from the balance you hold
Grasshopper's 3.25% starts at $25,000; $10,000 earns 1.55%. Piermont's 3.75% starts at $50,000 with checking; below $20,000 the rate is 0.75%. Axos Premium Savings is the account whose 3.50% applies from the first dollar, with no fee. Axos Business Savings and Axos Business Money Market at 0.20% sit below the FDIC national savings average of 0.37% (September 21, 2026).
What to look for
Axos Premium Savings lists 3.50% with no checking test. Piermont's 3.75% needs funded business checking. Grasshopper's 3.25% needs $25,000 in the savings account itself.
Axos Premium and Grasshopper Innovator list none. Axos Business Savings is $5 below a $2,500 average. Axos MMA is $10 below $5,000. Piermont is $25 below a $1,000 average.
Axos Premium and Piermont list none. Grasshopper Innovator is $100. Axos Business Savings and Axos MMA are $1,000.
Decide the balance before you chase the rate
Under $25,000 with no appetite for a checking bundle: Axos Premium Savings at 3.50%.
At $25,000 or more, already at Grasshopper: Innovator Savings at 3.25%.
At $50,000, willing to open Piermont checking: the 3.75% money market. Below $20,000 there, the rate is 0.75%.
Axos Business Savings and Axos Business Money Market at 0.20% are convenience accounts in an Axos login, not yield plays.
Evaluation Checklist
Write down the balance you will actually hold, then read the tier that matches it.
If a second account is required (Piermont checking, Axos BOOST41), price that account's fee too.
On Axos MMA, open the bank's page and match the date on the rate table before you fund.
Household emergency cash belongs on the high-yield savings guide, not here.
Rates and fees overview
Axos Bank Business Premium Savings. BOOST41 adds 0.41% for up to six cycles with new Basic checking.
Grasshopper Innovator Savings, then Piermont's money market if the checking test is acceptable.
Axos Business Savings and Axos Business Money Market, only if you already bank at Axos and will not move the cash.
Pricing Comparison
| Account | APY | Min. to open | Monthly fee | Catch |
|---|---|---|---|---|
| Axos Bank Business Premium Savings | 3.50% | None | None | BOOST41 extra 0.41% needs Basic checking for up to six cycles |
| Grasshopper Bank Innovator Savings | 3.25% from $25,000 | $100 | None | 1.55% below $25,000 |
| Piermont Bank Business High Yield Money Market | 3.75% at $50,000 with checking | None | $25 | 3.25% without checking or $20k to $50k; 0.75% below $20k; new customers |
| Axos Bank Business Savings | 0.20% | $1,000 | $5 below $2,500 average | Convenience reserve, not a yield play |
| Axos Bank Business Money Market | 0.20% | $1,000 | $10 below $5,000 average | Rate table footnoted 6/26/2024 |
Issuer pages were checked on 17 October 2026. APYs are variable. Axos MMA's table is dated 6/26/2024; confirm the live rate.
Mistakes to Avoid
- ×
Moving personal emergency funds into a business savings account because the APY looks high.
- ×
Opening Grasshopper Innovator Savings for 3.25% with $8,000 and earning 1.55%.
Tips
- →
Pair Axos Premium Savings with Axos Basic checking if you want the BOOST41 add-on. Judge the account on 3.50% after the six cycles.
- →
Operating cash still belongs in business checking.
Red Flags to Watch For
- !
A 3.75% APY that needs $50,000 and checking is not a 3.75% account at $10,000.
- !
A 0.20% business savings APY is not a high-yield product.
The Bottom Line
Axos Bank Business Premium Savings is the no-fee 3.50% reserve. Grasshopper Bank Innovator Savings is the 3.25% account once the balance is $25,000. Piermont's money market is the 3.75% account if you can hold $50,000 and open its checking. Axos Business Savings and Axos Business Money Market at 0.20% are convenience, not yield. Figures read October 17, 2026.
Cite this: FinanceRadar, "Best business savings accounts (2026)", October 2026.
Frequently Asked Questions
What is the best business savings account?
Axos Bank Business Premium Savings lists 3.50% APY with no monthly fee and no opening minimum, read October 17, 2026. Grasshopper Bank Innovator Savings lists 3.25% from $25,000. Piermont's money market lists 3.75% on $50,000 with business checking.
Are these personal high-yield savings accounts?
No. Personal savings is ranked on the high-yield savings guide and the savings directory. Business savings is compared in its own section there and on this page.
Should I use a money market instead of savings?
Only if the money market's access or rate, after its conditions, beats the savings account you would actually open. Piermont's top rate needs $50,000 and checking. Axos Business Money Market lists 0.20% with a table dated 6/26/2024. Axos Premium Savings at 3.50% with no fee is the simpler reserve for most balances.
Sources
Rates, fees and terms on this page were checked on each provider's own site:
- Axos Bank Business Premium Savings, checked
- Grasshopper Bank Innovator Savings, checked
- Piermont Bank Business High Yield Money Market, checked
- Axos Bank Business Savings, checked
- Axos Bank Business Money Market, checked
Related Guides
Ready to Choose?
See every product in this category ranked on one page, each with the date its figures were read.