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Best Business Savings Accounts of 2025

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Learn about the best business savings accounts for May 2025. Compare rates, fees, and features to find the perfect savings account for your business.
High-yield business savings accounts offer significantly higher interest rates than traditional business savings accounts, with some accounts providing rates over 4% APY compared to the national average of 0.24% APY as of May 2023. These accounts are suitable for businesses looking to grow their savings more effectively, with the flexibility of easy access to funds and no monthly maintenance fees in many cases. However, they may come with certain requirements such as minimum balance thresholds or limited transactions per month. Notable institutions offering high-yield business savings accounts include UFB Direct, Live Oak Bank, and Salem Five Direct, each with varying features like ATM access, mobile banking, and different minimum balance requirements. It's important for businesses to compare these accounts based on interest rates, fees, accessibility, and additional services to find the best fit for their financial needs.

Read the Full Business Insider Article at:
[ https://www.businessinsider.com/personal-finance/banking/high-yield-business-savings-accounts ]