The 6 best business savings accounts at a glance in 2025

A business savings account offers a higher interest rate compared to traditional checking accounts, however usually comes at reduced functionality. Therefore, we compare the best business savings accounts according to account management fees, access to funds and further benefits such as foreign currencies, access to company cards and international transaction costs.

We take a comprehensive look at the following providers:

• amnis
• Axos Bank
• Barclays
• Oxbury
• Live Oak Bank
• First Internet Bank

What is a savings account?

A business savings account is a bank account designed to save funds and earn interest. Unlike a checking account, which is used for daily transactions, a savings account helps businesses set aside idle capital for future needs, emergencies, or specific goals.

These accounts typically offer higher interest rates than business checking accounts, even though the interest earned does usually not outweigh inflation. Further, business savings accounts usually come with more restrictions, such as limited access to funds or transactions.

Top 6 best business savings accounts

In our comparison of the best business savings accounts, we are looking for a complete service package without the usual restrictions. Qualifying factors include account fees, minimum/maximum deposit, currencies offered, interest rates, access to ATM cards as well as other functionalities.

amnis

amnis is a Swiss-based fintech company that offers a multi-currency account with access to international trade conditions at local costs. With amnis, businesses can receive, hold and pay with over 20 currencies, while receiving attractive interest rates on all major currencies (EUR, USD, GBP, CZK) with no minimum or maximum deposit. This makes amnis particularly appealing for companies with international customers and suppliers looking to manage foreign currencies efficiently while benefiting from added yield.

Even better: As you gain access to local payment schemes, such as ACH or SEPA, you can receive and spend money in the UK, US, CH and EU at no cost, no matter where your business is located. Therefore, you will never be dependent on the slow and expensive SWIFT network again when conducting international business payments. As a last point, amnis offers an unlimited amount of multi-currency debit cards for your employees as well as cash management automation options. Your funds are secured up to an amount of €100,000 and are held at banks with an A+ rating from Standard & Poors.

With amnis, you gain access to a financial ecosystem, which offers much more benefits than even the best business savings accounts, all without the limitations and paperworks associated with traditional bank accounts.

• Access to local payment schemes (ACH, SEPA etc.)
• Access to multi-currency debit cards
• Deposit Insurance: Up to €100,000

Axos Bank

Axos Bank is a digitally focused bank based in the United States, known for offering a broad range of financial services tailored to individuals, small businesses, and institutional clients.

The business savings account offers a competitive interest rate of up to 3.80% AER. There is typically no minimum deposit requirement to open an account, and no monthly maintenance fees, which makes it attractive for smaller businesses and startups.

Axos Bank’s business savings options are particularly well-suited to digitally savvy entrepreneurs and companies looking for flexible, online banking with attractive interest returns on lower balances.

• Fully digital banking for modern businesses
• Up to 3.80% APY on business savings
• FDIC insured up to $250,000 per depositor

Barclays

Barclays is a major global financial services provider with operations in retail, wholesale, and investment banking, as well as wealth management, mortgage lending, and credit cards. The business savings account offers an annual equivalent rate (AER) of up to 1.80%.

The deposit requirements of Barclays are among the most restrictive, as account holders need to invest an amount of at least £10 million to receive the maximum AER. As the UK inflation rate lies at 2.6% in March 2025, there are certainly more profitable ways to invest idle funds.

The business savings account is only available in GBP, while an additional foreign currency account is available. Therefore, customers at Barclays can receive interest on multiple currencies, which, however, is associated with further costs and unnecessary red tape.

• Traditional bank with a wide range of services
• Interest accrued daily, and paid quarterly
• AER of up to 1.8%

Oxbury

Oxbury is a specialised bank in the United Kingdom, which primarily offers services for the agricultural sector (farm loans and farm credits) as well as savings accounts, which are open to individuals, farms and businesses alike.

The Business Easy Access Account offers a competitive AER of 2.76% at a minimum deposit of £1,000, while the maximum amount lies at £500,000. Therefore, the total amount to be earned with interest is limited. Further, deposits are protected up to £85,000 by the Financial Services Compensation Scheme.

The business savings account of Oxbury is especially valuable to farms, which might need additional services as well as UK-based companies, which plan to invest an amount of less than £85,000 to gain a high interest rate while still being insured in case of bankruptcy.

• Specialised banking services for farmers
• 2 different accounts for smaller or larger funds
• Eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme

Live Oak Bank

Live Oak Bank is a digital bank based in the United States that specialises in providing financing solutions to small businesses, which are often underserved by traditional banks. The services range from loans to checking accounts and savings accounts.

The business savings account is available to US-based businesses and offers an AER of 3.5%, which exceeds the current US inflation rate of 2.4%. Other benefits include no maintenance fees and no minimum deposit. Funds are protected with FDIC insurance of up to $250,000.

Live Oak Bank offers services to SMEs, which might be more valuable compared to traditional banks. However, dormant account fees may apply, which means that the account needs to be actively used and monitored in order to not incur unnecessary fees.

• Specialised on SMEs
• FDIC insurance of up to $250,000
• AER of 3.5%

First Internet Bank

The First Internet Bank is an online bank that provides a range of banking and financial services without any physical branch locations to US-based customers and businesses.

The business savings account is a Dollar currency account that offers a relatively low AER of 0.90%, which is still below the current inflation rate. Businesses are allowed to make up to 6 transactions per month.

The First Internet Bank account may be valuable to sole proprietors, as they are the only business structure that can apply for an additional ATM card. Other US-based businesses may look for accounts with higher interest rates and additional services.

• ATM card available for sole proprietors only
• AER of 0.90%
• 6 transactions per month

amnis: The smart account for companies with international clients and suppliers

While traditional or direct banks still offer business savings accounts with relatively few features but a lot of limitations, amnis introduces a full service package, which is especially useful for companies that trade internationally.

With access to local payment schemes, unlimited multi-currency debit cards, and attractive interest rates on major currencies, amnis empowers businesses to manage their global finances more efficiently – all with transparent pricing and no hidden fees or unnecessary paperwork.

Explore the advantages of using amnis – benefits that surpass even the best business savings accounts.