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Business Savings Accounts: What’s the Difference?


Woman working on her laptop with cash and a calculator

Business Savings Accounts, Business Money Markets, and Business CDs are all financial products that can help businesses store and grow their funds.

  • A Business Savings Account is an FDIC-insured account that allows a company to make deposits and earn interest on its balance.
  • Business Money Markets offer higher yields than typical savings accounts but may require larger minimum balances with restrictions such as limited check-writing abilities. 
  • Business CDs (certificates of deposit) are another type of deposit product where you agree to let the bank use your funds for a predetermined period at a fixed rate. 

All three types of accounts are designed to help businesses manage their cash flow while earning interest on their deposits.