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Discover how a business savings account can benefit your business.

FDIC insured

$100 minimum opening deposit

Earn interest on your account balance

No ATM Transaction fees at U.S. Bank ATMs.

Find the best business savings account for you.

Basic business savings

Start saving with online access to funds and no maintenance fee per statement cycle as long as you maintain a $500 minimum daily balance.1

  • Transfer funds to your U.S. Bank checking account by phone or online.
  • Receive your business checking and savings accounts in one combined monthly statement.

Business Savings Sweep

Take everyday balances and automatically sweep (move) excess balances daily from your U.S. Bank business checking account to this savings account in $500 increments.

  • Set a target checking balance to maintain (minimum of $10,000 required).
  • Unlock a higher interest rate as your balance grows.
  • Accrues interest daily and pays interest monthly.

Compare today’s rates.

Need help deciding which savings account is right for your business? Select account type below to view today’s Annual Percentage Yield (APY) for your location.², ³

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Open a business savings account

Have these documents ready:

1. Your business’ Employer Identification Number (EIN) or tax ID number (sole proprietors can use the owner’s Social Security number)

2. Articles of Incorporation, Articles of Organization, or a charter or a similar legal document that indicates when your company was formed (not required for sole proprietors)

3. Government-issued photo ID and Social Security number for you and anyone else authorized to sign checks or make transactions on behalf of your organization

Financial plan chart

Looking for more ways to manage your business’ money?

U.S. Bank business checking accounts work with payment tools and support varying levels of transactions per statement cycle, including deposits and check and debit card purchases.

Explore helpful resources.

Cash management and investing strategies when interest rates are up

How to choose the right business savings account

How to choose the right business checking account

Get answers to common savings account questions.

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  1. The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits. Business days are Monday through Friday; federal holidays are not included. For additional information call 855-955-2760 or visit your local branch for a copy of Business Pricing Disclosure or visit to view Your Deposit Account Agreement (YDAA).

  2. You must maintain the minimum balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change after the account is opened. Fees could reduce earnings on the account. Interest rates currently offered on applicable deposit accounts are determined at the bank's discretion and may change daily. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on your check deposit begins to accrue on the business day we receive credit for your applicable deposit accounts. Interest will be compounded daily and credited to your account monthly for all savings accounts, except Standard Savings, which is paid quarterly. If you close your account before interest is credited you will not receive the accrued interest.

  3. APY (annual percentage yield) refers to how much money you earn on a deposit over a year, taking into account compounding interest.

Start of disclosure content

Deposit products are offered by U.S. Bank National Association. Member FDIC.

Additional savings and money market disclosures – The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Unlike checking accounts, checks written on money market accounts are not returned with your statement. For additional disclosures on rates, fees, compounding and crediting, and other balance information, call 855-955-2760 or visit your local branch.

See the U.S. Bank Your Deposit Account Agreement booklet for additional disclosures applicable to deposit accounts. Other conditions and restrictions may apply. Terms may change without notice. For the most current information about packages and benefits available, contact your banker.