which banks let me open a business savings account?

• KeyBank - 3370 Warrensville Center Rd, Shaker Heights, OH 44122, United States
• Bank of America (with Drive-thru ATM) - 16450 Chagrin Blvd, Shaker Heights, OH 44120, United States
• Huntington Bank - 17121 Chagrin Blvd, Shaker Heights, OH 44120, United States
• PNC Bank - 20711 Chagrin Blvd, Shaker Heights, OH 44122, United States
• U.S. Bank Branch - 13127 Shaker Square, Cleveland, OH 44120, United States
• CFBank & ATM - 100 Park Ave Ste 420, Beachwood, OH 44122, United States
• The Middlefield Banking Company - 25201 Chagrin Blvd Ste 120, Beachwood, OH 44122, United States
• Flagstar Bank - 20133 Farnsleigh Rd, Shaker Heights, OH 44122, United States
• Dollar Bank & Loan Center - 26949 Chagrin Blvd, Beachwood, OH 44122, United States
• Dollar Bank - 2200 Warrensville Center Rd, University Heights, OH 44118, United States
• Ohio Savings Bank - 27800 Chagrin Blvd, Beachwood, OH 44122
• Chase Bank - 14133 Cedar Rd, South Euclid, OH 44121, United States
• U.S. Bank Branch - 1940 Lee Rd, Cleveland Heights, OH 44118, United States

Yes. If you’re looking for a business savings account in the U.S., several major banks offer them.

If you're in the Shaker Heights area

You have several convenient brick-and-mortar options, including:

• KeyBank — 3370 Warrensville Center Rd
• Bank of America (with Drive-thru ATM) — 16450 Chagrin Blvd
• Huntington Bank — 17121 Chagrin Blvd
• PNC Bank — 20711 Chagrin Blvd
• U.S. Bank Branch — 13127 Shaker Square

My quick take: If you want a traditional bank with branches, I'd compare U.S. Bank, Chase, Bank of America, and KeyBank. If your main goal is earning the most interest on business cash, I'd also look at Axos and other online business savings accounts, because the big-bank savings rates can be quite low. Current comparisons show several large banks at around 0.01%–0.05% starting APY, while some online options are substantially higher.

If you tell me roughly how much you plan to keep in the account (e.g. $5k, $25k, $100k+), I can compare the best business savings accounts for that balance, including APY, monthly fees, minimums, and whether you need business checking with the same bank.

Many major traditional banks, online-only institutions, and fintech platforms let you open a business savings account , including large national footprints like U.S. Bank and Wells Fargo , as well as digital options like Live Oak Bank and First Internet Bank.

Traditional and Brick-and-Mortar Banks

• U.S. Bank: Offers a basic business savings account with a low minimum opening deposit and options to waive the monthly fee with a minimum daily balance.
• Wells Fargo: Provides multiple tiers of business savings and market-rate savings accounts, with service fee waivers available if linked to qualifying business checking accounts.
• Capital One: Offers the Business Advantage Savings account, which features introductory promotional interest rates and digital banking tools.
• Chase Bank: Allows business owners to manage both checking and savings under one roof, frequently offering cash bonuses for opening new business tiers.

Online and High-Yield Options

• Live Oak Bank: Known for strong online-only yields on business savings with no monthly maintenance fees or minimum balance requirements.
• First Internet Bank: Offers fully digital business savings and money market accounts featuring competitive interest rates and mobile check deposit.
• Axos Bank: Provides business premium savings options tailored for digital-first operations looking for higher transaction limits or interest.
• nbkc bank: Features fee-free business money market and savings options attached to digital business checking accounts.

If you can share whether you prefer a local branch or online-only banking and if you need cash deposits , I can recommend the exact account that fits your business needs.

Yes. If you mean U.S. business savings accounts, several major banks offer them.

Major options

• chase.com — Offers Business Total Savings and Business Premier Savings. Total Savings has a $10 monthly fee that can be waived with a $1,000 average balance or qualifying Chase business checking.
• business.bankofamerica.com — Available to sole proprietors, partnerships, LLCs, corporations and other business structures. The $10 monthly fee can generally be avoided with a $2,500 minimum daily balance or qualifying relationship.
• wellsfargo.com — Offers Business Market Rate Savings and Business Platinum Savings. The Market Rate account requires only a $25 opening deposit and has a $5 monthly fee that can be waived with a $300 balance or qualifying automatic transfers.
• capitalone.com — Business savings with a $3 monthly fee, waived with a $300 balance, plus a promotional rate for the first three months.
• Axos Bank — Its Business Premium Savings is currently one of the higher-yield options among business savings accounts, according to NerdWallet's 2026 comparison.
• Live Oak Bank, Grasshopper Bank, nbkc Bank, Prime Alliance Bank, and others also offer business savings/money-market products, particularly if your priority is earning a higher rate rather than having a nearby branch.

If you're trying to maximize interest

I'd not automatically choose Chase or Bank of America. Their traditional business savings accounts can have relatively low APYs, while online business savings accounts can pay considerably more.

If you tell me roughly how much you want to keep in savings (e.g. $10k, $50k, $100k+) and whether you need branches/cash deposits, I can compare the best business savings accounts for you, including APY, minimum balance, monthly fees, and FDIC insurance.

Many traditional, online-only, and major national banks let you open a business savings or money market account. Depending on whether you prefer managing your funds entirely online with high yields or visiting a physical branch, several top options stand out:

Online & High-Yield Banks

• Live Oak Bank : Popular for strong digital high-yield business savings rates with $0 monthly maintenance fees and no minimum opening deposit requirements.
• Axos Bank : Offers the Axos Business Premium Savings account, known for competitive yields and comprehensive digital tools.
• First Internet Bank : Fully digital option offering regular business savings and money market accounts that can be opened entirely online.
• American Express : Provides business savings options backed by Amex's strong customer service framework and competitive interest rates.

Traditional & National Brick-and-Mortar Banks

• Capital One : Offers the Capital One Business Advantage Savings account with access to both digital tools and physical branch locations.
• U.S. Bank : Features the U.S. Bank Basic Business Savings account and platinum money market options, with monthly fees that are easily waivable with a minimum daily balance.
• Chase Bank : Widely accessible with extensive physical branch networks and robust small-business cash flow management features.

If you'd like to narrow this down, let me know:

• Do you prefer a fully online bank (usually higher APY) or a traditional local branch?
• What is your expected deposit amount?

I can help you find the best fit regarding minimum balances and fees.

Many banks offer business savings accounts (separate from personal savings accounts). The best choice depends on whether you care most about high interest rates, branch access, low fees, or having your business checking and savings together.

Here are common options:

What you usually need to open one

Most banks ask for:

• Business formation documents (if an LLC/corporation)
• Employer Identification Number (EIN), if applicable
• Business license (if required)
• Personal identification for owners/signers
• Business address and ownership information

How to choose

• Need a nearby branch? Consider Chase, Bank of America, Wells Fargo, TD, Truist, or U.S. Bank.
• Want the highest interest rate? Look at online-focused banks like Axos or Live Oak.
• Already have business checking? Opening savings at the same bank often makes transfers and bookkeeping easier.
• Keep a large cash reserve? Compare money market accounts and FDIC insurance options.

If you tell me your state, business type (LLC/sole proprietor/corporation), approximate balance, and whether you need branches, I can narrow it down to the best choices.

Virtually all major traditional national banks, online-only digital banks, and credit unions let you open a business savings account.

Top options span major national institutions and online high-yield providers:

• Axos Bank: Offers the Axos Business Premium Savings Account , widely regarded as a top overall pick for digital business banking.
• Capital One: Known for the Capital One Business Advantage Savings , great if you want traditional brick-and-mortar access combined with competitive promotional rates.
• Wells Fargo: Provides standard Wells Fargo Business Savings accounts with easy branch access and deposit-only ATM cards.
• U.S. Bank: Offers the U.S. Bank Platinum Business Money Market Account which features high-tier bonus yields.
• Live Oak Bank: Offers the Live Oak Bank Business Savings with strong online rates and unlimited transactions.
• Grasshopper Bank: Features the Grasshopper Business Innovator Savings Account , tailored for tech-forward companies and high-balance scaling.

If you want to narrow this down, let me know:

• Are you looking for a brick-and-mortar bank or an online-only high-yield option?
• What is your estimated monthly balance?

I can give you a better recommendation based on monthly maintenance fees and APY.

Many traditional and online banks let you open a business savings account , including major national institutions and digital-only banks.

Popular Banks Offering Business Savings

• U.S. Bank : Offers a Basic Business Savings account with a low opening deposit and options for branch support.
• Wells Fargo : Provides Business Market Rate Savings with low minimum daily balance requirements to waive monthly fees.
• Capital One : Offers the Business Advantage Savings account, known for solid promotional rates and easy online management.
• Axos Bank : A digital bank offering high-yield Business Premium Savings accounts completely online.
• Live Oak Bank : An online option featuring competitive high-yield business savings with unlimited transactions.
• First Internet Bank : Provides fully digital regular business savings and money market accounts.

Typical Requirements to Open an Account

• Employer Identification Number (EIN) or Social Security Number (SSN) for sole proprietors.
• Business formation documents (articles of incorporation, partnership agreement, or DBA certificate).
• Government-issued photo ID for owners.
• Initial opening deposit (often ranging from $25 to $100).

If you share your preferred minimum balance and whether you prefer in-person branches or online-only banking , I can recommend the exact best match for your business.

Many banks and credit unions offer business savings accounts. The best choice depends on whether you care most about high interest rates, branch access, low fees, or easy online banking. Here are some common options in the U.S.:

Before opening one, compare:

• APY (interest rate) — online banks often pay more than large branch banks.
• Monthly fees and ways to waive them
• Minimum opening deposit
• FDIC insurance coverage (generally up to $250,000 per depositor, per bank)
• Whether you need cash deposits or local branches

To narrow it down, tell me:

1. Your business type (LLC, sole proprietor, corporation, etc.)
2. Your state (or ZIP code)
3. Approximate savings balance (e.g., under $10k, $10k–$100k, $100k+)
4. Whether you need a physical branch or prefer online-only.

Virtually all major traditional banks, online digital banks, and credit unions offer business savings accounts or business money market accounts.

Here are some of the top options available, categorized by whether they are online-only (typically offering higher yields and lower fees) or traditional national institutions:

• Axos Bank : Offers the Axos Business Premium Savings Account , known for competitive yields and low or zero monthly maintenance fees depending on the structure.
• Capital One : Offers Capital One Business Advantage Savings , which is popular for promotional APYs and solid integration if you also use their business checking.
• Live Oak Bank : Offers the Live Oak Bank Business Savings account, great for straightforward online savings with no opening deposit requirements.
• Grasshopper Bank : Offers the Grasshopper Business Innovator Savings Account , which is tailored for higher balances.
• U.S. Bank : Offers the U.S. Bank Platinum Business Money Market Account , ideal if you prefer a traditional brick-and-mortar footprint with robust relationship tier options.
• Wells Fargo : Offers options like Wells Fargo Business Market Rate Savings or Business Platinum Savings , which allow fee waivers if tied to qualifying business or premier personal checking accounts.
• Other Major Traditional Banks : Institutions like Chase, Bank of America , and PNC also offer business savings, though they often require a linked business checking account and maintaining a minimum daily balance to waive monthly maintenance fees.

To help narrow down the best choice, tell me:

• Do you prefer a digital/online bank (for higher interest rates) or a traditional brick-and-mortar bank (for physical branch access and cash deposits)?
• What is your expected average balance?

Many banks offer business savings accounts (sometimes called business money market savings accounts). The best choice depends on whether you care most about high interest rates, branch access, low fees, or linking with your business checking account.

Here are some common options:

Before opening one, compare:

• APY (interest rate): Online banks often pay more than traditional banks.
• Monthly fees: Some banks waive fees if you keep a minimum balance or link a business checking account.
• Minimum opening deposit: Requirements vary widely.
• FDIC insurance: Confirm the account is covered and check limits if you plan to keep large balances.

If you tell me:

1. your state,
2. your business type (LLC, sole proprietor, corporation, etc.),
3. approximate balance you’ll keep (e.g., $5k, $50k, $250k+), and
4. whether you need a local branch,

I can narrow it down to the best fits.