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High-yield savings that grows with your startup

Earn above-average yields up to 3% APY with the freedom to move money anytime your startup demands.1

Open an Account

Accelerator SavingsSave smarter, scale faster

Maximize your startup's potential with a high-yield savings account. With just $0.01, every dollar—and every cent—starts working for you from day one.

Start Saving

  • Easy Digital Account Opening

    If your cash isn’t earning while you’re building, you’re leaving money on the table. Open an account in minutes from any device and start earning, moving, and managing your funds right away.

  • Unlimited Earning Potential

    Turn idle cash into a powerful growth tool with tiered rates starting at 1.55% APY on balances from $0.01 to $24,999.99 and 3.00% APY on balances of $25,000 and above, with no cap on how much interest you can earn.1

  • Unrestricted Access

    Move your money freely with unlimited fee-free transactions, giving your startup the flexibility to send, receive, and manage funds whenever opportunity or urgency strikes.

  • Powerful Digital Tools

    Stay on top of your business finances anytime, anywhere with next-gen payments and modern digital banking tools that let you move as fast as your startup does.

  • Enhanced FDIC Insurance

    Scale boldly and bank securely with a trusted digital bank built, where funds are FDIC-insured up to $250,000 and you can access extended coverage up to $125 million.2

Digital-first approach Powerful digital tools to move your business forward, anywhere

  • Securely connect your external accounts and get a complete view of how your startup is spending, saving, and earning across all your business bank accounts.

  • Connect to Quickbooks, Autobooks, Xero (Beta) or your preferred accounting software to streamline your bookkeeping.

  • Transfer funds between accounts, send instant transfers externally, or initiate a domestic or international wire—all from one place.

  • Make and schedule payments from any device— via check or ACH—using Business Bill Pay.

  • Leverage AI safely, efficiently, and at scale with our award-winning, MCP-based AI Connector, now supporting Claude and ChatGPT.

  • Manage users, set permissions, create approval workflows, and implement security controls to maintain oversight of your accounts.

We are GrasshopperWhy partner with us

Grasshopper is a real digital bank built for how modern businesses actually operate, not a fintech layer. We combine the best of banking technology with years of industry expertise to deliver smart financial solutions, trusted security, and unparalleled support.

  • Built for Startups

    As a federally chartered, full-service digital bank, Grasshopper was built to serve startups from day one, with flexible, founder-focused solutions that fit how you build and grow.

  • Top Notch Security

    Unlike banks running on outdated systems, we’re built with modern infrastructure that protects your money and data in real time, so you can keep building without second-guessing your bank.

  • Dedicated Support

    From complex banking challenges to everyday questions, real people with real expertise are on stand-by to give your startup the attention, guidance, and answers it needs—fast.

An experience that speaks for itself

Average Rating: 4.45
Total Reviews: 434

  • The bank is exceptional

    The bank is exceptional. They have great customer service, an easy to navigate online dashboard, and great benefits & incentives. Overall, I recommend to all my clients who are in the startup to small business phase of their journey.

    — Moose

  • Reliable banking system

    Very easy going and reliable banking system. If you ever have a doubt just call them up and they will always answer willing to assist. I am super happy with this bank.

    — Peter D.

  • App is straightforward

    App is pretty straightforward and easy to navigate. It is definitely worth looking into for a free business account that earns interest on balances.

    — Thomas H.

  • Collection of features

    Grasshopper offers a collection of features that not many other banks do. Automated bookkeeping through Autobooks integration, high-yield checking account, great customer service, invoicing, and lending options such as SBA.

    — Elisha

  • Great for business

    I didn't want to pay a lot of money for incoming wires, outgoing wires and ACH transfers. Love that there isn't a cost for incoming wires or ACH transfers. Also love the dual approval feature! I can also add team members to have view access too.

    — Fernando

Award-Winning Digital Banking Solutions

Nimble Award

Gonzo Banker Awards 2025

Banking Tech of the Year

US FinTech Awards 2025

Best Use of Tech in Business Banking

Banking Tech Awards USA 2025

Best Use of Tech in Business Banking

Banking Tech Awards USA 2024

Best Risk Implementation

IBSi Global Fintech Innovation Awards 2024

Innovation in Integration

Narmi Innovation Awards 2024

Best Use of Tech in Business Banking

Banking Tech Awards USA 2023

Frequently Asked Questions

  • Unlike traditional banks, this account is designed for startups with higher yields, faster access to funds, and a digital-first experience built for how modern businesses operate.

  • Yes! The minimum opening deposit for an Accelerator Savings account is $100.

  • Your funds remain fully accessible, so you can move money whenever your startup needs it. Transfers are fast and designed to support real-time cash flow management.

    For more information, refer to our Funds Availability Policy.

  • Yes. You can transfer funds quickly between accounts, giving you the flexibility to manage cash flow in real time without friction or delays.

  • You earn interest daily based on your balance, which is then credited to your account on a monthly basis. Higher balances earn higher tiered APYs, helping your cash work harder as it grows.

    The rate tiers to earn interest on your deposits are below:

    • 1.55% APY applies to balances of $0.01—$24,999.99.
    • 3.00% APY applies to balances of $25,000 and up

    For more information about rates, refer to our rate sheet.

  • At Grasshopper we use the daily balance method to calculate interest on our deposit accounts. This method applies a daily periodic rate to the principal available in your account each day.

    For more information about rates, refer to our rate sheet.

  • There is no cap on total interest earned, so your returns continue to grow as your balance increases.

    For more information about rates, refer to our rate sheet.

  • There are no monthly maintenance fees, and many everyday transactions are free, helping you keep more of your capital working in your business.

    For more information, refer to our Accelerator Checking and Accelerator Savings fee schedules.

  • Yes. Deposits are FDIC insured up to $250,000. Clients also have access to expanded FDIC insurance coverage up to $125 million.

Join thousands of businesses growing with Grasshopper

Open an account in as little as 5 minutes.

Apply Now

© 2026 Grasshopper Bank, N.A. | Member FDIC. Equal Housing Lender | All rights reserved

1. Annual Percentage Yield (APY) is accurate as of 01/05/2026. The minimum amount to open an account is $100.00. Rate tiers are as follows: 1.55% APY applies to balances of $0.01—$24,999.99.  3.00% APY applies to balances of $25,000 and up.  Rates may change after the account is opened. Fees may reduce earnings. National average interest rate for a traditional savings accout is 0.39% APY – source: www.fdic.gov.

Important Tax Information
The value of this reward may constitute taxable income and may be reported to the Internal Revenue Service as miscellaneous income to the first signer on the account, in the year received, as required by applicable law. Offer is limited to clients who are citizens of the United States that furnish or have a valid Form W-9 on file and the account must not be subject to backup withholding. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as Grasshopper Bank does not provide tax advice. Grasshopper Bank reserves the right to modify or discontinue this program for any reason without notice, except as otherwise expressly indicated.

2. By opening an Accelerator Money Market Savings account you have access to Grasshopper’s ICS Deposit product. If you choose to open a ICS Deposit account through Grasshopper Bank N.A. you deposit your funds into a deposit account at Grasshopper bank which  sweeps those funds into deposit accounts across a network of FDIC-insured banks, for up to the current SMDIA of $250,000 per eligible depositor, per destination institution, for each ownership capacity or category, subject to applicable terms and conditions of Grasshopper’s ICS Deposit Placement Agreement. A sweep network is a secure network of partner banks that allows us to strategically distribute your ICS Deposit balances. This way, your funds are held by multiple trusted, FDIC-insured banks within the network, and you can manage your finances more confidently, knowing that your deposits are protected up to $125 million instead of the standard limit of $250,000, subject to change at any time by Grasshopper. Terms and restrictions apply. Subject to applicable rate sheet. Interest rates and yields are effective as per the date on the rate sheet and are subject to change without notice. See applicable rate sheets. See our Account Agreements and other applicable terms. Grasshopper Bank, N.A. uses a third-party vendor and agent to help administer this sweep process. Grasshopper Bank reserves the right to modify or discontinue this program for any reason without notice, except as otherwise expressly indicated.

For full terms and conditions about our products and services, please refer to the Master Service Agreement.

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