Best High-Yield Business Savings Accounts for November 2024

The best high-yield business savings accounts can be found at First Internet, Live Oak, and Prime Alliance banks, based on our research. These institutions offer the highest rates, lowest fees, and the least amount of red tape.

Opting for an account with a high APY can help your business save for upcoming expenses, such as new equipment or a tax bill, or just maximize income. High-yield business savings accounts function much like personal savings accounts, but there are other things to consider. For example, if you are depositing more than $250,000 it’s important to consider whether or not the bank partners with other banks to provide increased FDIC coverage.