The best accounts offer high APYs, low fees and minimal balance requirements.

A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield,

Live Oak Bank is an online-only financial institution that offers high-yield deposit products. Its Business Savings account earns a competitive APY and doesn’t require a set minimum balance or opening deposit amount. You won’t be charged a monthly maintenance fee, and you can manage your accounts either online or through the mobile banking app.

The best business checking accounts for March 2025 offer opportunities to earn interest, waive ATM fees, and provide other valuable perks.

As a business owner, your company’s financial health depends on smart money management. Whether you’re building an emergency fund or setting aside cash for new equipment, choosing the right savings vehicle is crucial for your business’s growth and stability.