For ZIP  

Limited-time promotion

Get a bonus rate when you open a Platinum Business Money Market account.

You must maintain a daily balance of $25,000 after your initial $25,000 deposit to qualify for the interest rate.3

New

3.50%

BONUS interest rate

  • Open a new account.
  • Deposit between $25,000 and $2,999,999.99.
Apply now

What you’ll need to apply

Learn more about application requirements based on your business structure.

What’s the difference between business savings and money market accounts?

Explore business savings options to determine which works best for your business.

Platinum Business Money Market

Earn up to

%

bonus interest rate

What is a business money market account?

  • Earn more with tiered interest rates – higher tiers mean higher rates.2
  • Connect with your business checking account for easy access to funds.

 

Go to business money market

Business savings account

Earn up to

%

interest rate

What is a business savings account?

  • Separate your savings from the ebb and flow of operating expenses in a convenient, secure account.
  • Lower minimum balance requirements than a money market account.
  • Keep your business checking and savings account details in one combined statement.

 

Go to business savings

Business money market

How a business money market account can benefit your business.

Earn higher interest on higher account balances

$100 minimum opening deposit

Accrue interest daily and get interest paid monthly

FDIC insured4

Explore account options to determine the best business money market account to meet your needs.

Featured

Platinum Business Money Market account

Set aside excess cash while getting paid the highest interest rate. Link to and easily transfer funds between your savings and checking accounts.

  • $100 minimum opening balance
  • $15 maintenance fee per statement cycle waived with a $10,000 minimum daily balance3
  • No deposit fee for first 25 deposit transactions per statement cycle and $0.25 fee for each additional 
Apply now

Preferred Business Money Market account

Get the advantages of a higher level of interest than business savings accounts without being tied to a U.S. Bank Business Checking Package account.

  • $100 minimum opening balance
  • $10 maintenance fee per statement cycle waived with a $1,000 minimum daily ledger balance3
  • No deposit fee for first 40 deposit transactions per statement cycle and $0.50 fee for each additional
Make an appointment

Premium Business Money Market account

Earn higher rates of interest on higher balances and receive an Earnings Credit when linked to a Premium Business Checking account.5

  • $100 minimum opening balance
  • Maintenance fee per statement cycle varies by market
  • $0.25 fee for each deposited item per statement cycle
  • Offset checking and transaction fees with Earnings Credit, less earned interest
Make an appointment
Learn more about business money markets

How much can you earn?

Business savings

How a business savings account can benefit your business.

Save money and watch it grow by earning interest on your account balance

Review your business checking and savings accounts in one combined statement

Transfer funds to your U.S. Bank checking account by phone or online

Explore account options to determine the best business savings account to meet your needs.

Basic business savings account

Start saving with online access to funds and no maintenance fee per statement cycle as long as you maintain a $500 minimum daily balance.3

Apply now

Business Savings Sweep account

Our sweeps service takes everyday balances and automatically sweeps (moves) excess balances daily from your U.S. Bank business checking account to an FDIC-insured interest-bearing savings account.

Make an appointment
Learn more about business savings

Explore helpful resources.

How to choose the right business savings account

Read more

How to choose the right business checking account

Read more

Cash management and investing strategies when interest rates are up

Read more

Looking for more ways to boost your savings?

U.S. Bank CDs are an excellent low-risk investment option if you’re able to devote funds for longer periods of time.

Learn more about Business Certificates of Deposit

Get answers to common savings account questions.

With a money market account, you earn interest on the money deposited into the account, just like how a savings account works. When opening the account, a minimum deposit is typically required, and a fee may be charged if the balance falls below a certain threshold. 

Most money market accounts have a variable interest rate that fluctuates over time as market conditions change. It’s also common for these accounts to have tiered rates, meaning higher balances are rewarded with a higher APY.

Yes, money market accounts allow you to safely store your funds while earning interest. The money in the account is FDIC-insured.

Money market accounts give you access to your money, whenever you need it, and a variable interest rate. CDs require you to leave your money untouched for an agreed upon time, known as the term length, and usually have a fixed rate.

The primary purpose of a savings account is to protect your money for future use.

A savings account offers you an interest rate on the money in your account to help your savings grow. 

  • What is the yearly interest rate for this account?
  • Will I pay a fee to open this account?
  • Does this account automatically charge a monthly maintenance fee?
  • Are there certain activities I can perform or minimum balances to meet in order to waive a monthly maintenance fee?
  • Do I need to keep a minimum balance in the account to avoid fees?
  • What other fees apply to this account? (Examples: transactions outside your financial institution, foreign transactions, wire transfers) 
  • Can I withdraw money from this account at an ATM?
  • Can I make payments from this account?
  • Can I make recurring automatic transfers from my checking account into this savings account?

Prefer to talk with a banker?

Make an appointment
Request a call
Call 888-476-0071
Find a branch
Start of disclosure content

Disclosures

  1. Offer is limited to Business Platinum Money Market account only. Standard variable interest rates are determined at the bank’s discretion and are subject to change at any time without notice. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information. The minimum deposit required to open a Platinum Business Money Market account is $100.

    Interest and Fee Information: You must maintain the minimum balance needed for each tier to earn the interest rate. Interest will be compounded daily and credited to your account monthly at the end of the statement cycle. Fees could reduce earnings on the account. Other restrictions may apply.

    Offer details: Starting November 8, 2024, open a new U.S. Bank Platinum Business Money Market account and receive a bonus interest rate from the account opening date. All Bonus interest rates may change at any time without notice. The following bonus interest rates is accurate as of today:

    The bonus interest rate will be 3.50% when your account balance tier is between $25,000 to $2,999,999.99.

    For Platinum Business Money Market accounts with $3 million or greater in balances, the bonus interest rate does not apply, and the full account balance will earn the standard variable interest rate in effect at that time until the account balance is $2,999,999.99 or below.

  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. 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 https://www.usbank.com/dam/documents/pdf/Deposit-Account-Agreement.pdf to view Your Deposit Account Agreement (YDAA).

  4. FDIC insured to the maximum allowed by law.

  5. Earnings Credit Rates may change at any time without prior notice. Earnings Credit: Average Collected Balance Available for Earnings Credit Services (x) Earnings Credit Rate (x) Actual Days in Month (÷) Actual Days in Year. Refer to your Customer Analysis Statement for your current Earnings Credit Rate. For additional information call 855-955-2760 or visit your local branch to talk with a Business Banker.

Start of disclosure content

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.

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

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

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.