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5.0

Earn up to 3.00% APY1

Boost your balance with a $300 sign-on bonus when you bundle with an Innovator Business Checking Account.3

Open an Account

Savings that grows with your business

Maximize your potential with a high-yield savings account and innovative digital banking tools.

  • Easy Digital Account Opening

    Your time is your most valuable asset. That’s why we’ve built a fully digital application process that fits your schedule. Apply from any device in under 5 minutes with zero lines and zero hassle.

  • Unlimited Earning Potential

    Turn your idle cash into a powerful growth tool with a competitive 3.00% APY on balances of $25,000 or more.1Plus, save on no monthly maintenance or overdraft fees.

  • 24/7 Online & Mobile Banking

    Empower your business with digital banking tools at your fingertips. From seamless software integrations to real-time financial visibility, our platform is built for modern entrepreneurs.

  • Enhanced FDIC Insurance

    Your funds are protected with FDIC-insurance up to $250,000 and access to enhanced coverage up to $125 million.3

  • Dedicated Support

    Experience unparalleled service with a dedicated onboarding specialist via Google Meet. Plus, real humans, real expertise always available via phone, chat, email or secure message whenever you need it.

Apply for an Innovator Savings and Innovator Business Checking account with promo code Bundle300 anytime between now and 4/30/2026 and meet the eligibility requirements below.3

  1. Fund your Innovator Savings Account with $25,000 or more and Innovator Business Checking Account with $2,500 or more within 30 days of account opening.*

  2. Maintain an average daily balance of $25,000 or more in your Innovator Savings Account. This balance must be held throughout the Maintenance Period* 31 days after account opening to 90 days after account opening.

  3. Maintain an average daily balance of $2,500 or more in your Innovator Checking Account. This balance must be held throughout the Maintenance Period.*31 days after account opening to 90 days after account opening.

Digital-first approach Access powerful digital tools anywhere, anytime

  • Make and schedule payments from any device - via check or ACH.

  • Deposit a check in seconds by taking a photo. Unlimited check deposits, no additional charge.

  • Connect to Quickbooks, Autobooks or your preferred accounting software to streamline your bookkeeping.

  • Manage users, set permissions, create approval workflows and establish security measures.

    Secure and in control
Secure and in control

The future of business bankingAutomate Your Finances with Grasshopper AI Connections

In just a few minutes, you can easily and securely connect your Grasshopper Bank account to your preferred AI tool, granting it secure, read-only access to live bank data. This seamless integration allows you to get instant answers to your most complex questions about your spending, savings, and cash flow—providing actionable insights, smarter financial guidance, and better visibility into your finances.

Learn More

Award-Winning Digital Banking Solutions

Nimble Awards

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

  • Yes,  the minimum opening deposit for an Innovator Savings account is $100.

  • The rate tiers to receive interest on your funds 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.

  • 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.

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.

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 Innovator 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.

3.

Promotional Terms and Conditions: Eligible Participants: This promotion is non-transferrable and limited to one offer per new Grasshopper Bank client. (“New Client”) You are not eligible for this offer nor a New Client if you were an owner of an authorized signer on any Grasshopper Bank account within the last twelve (12) months. New Clients must be (i) at least 18 years old; and (ii) a legal resident of the 50 United States or Washington, DC.  Employees of Grasshopper Bank as well as the immediate family members (spouse, parents, siblings, and children) and/or household members of each such person are not eligible.  Only one Grasshopper Bank account bonus ($300) offer per business owner or authorized signer, regardless of the number of businesses owned or operated by the client. No ability to stack bonus offers, one bonus offer per New Client accepted. Conditions and Promotional Period: To receive the bonus associated with this promotion, New Clients must meet the eligibility criteria outlined in the preceding section and 1) apply for and open an Innovator Savings Account(“ Savings Account”) using a bonus offer code between 12:00:00 AM EST on April 1st, 2026 and 11:59:59 PM EST on April 30th, 2026; 2) fund their Savings Account with $25,000 or more of New Money* within thirty (30) days of account opening; and 3) Maintain an average daily balance of $25,000 or greater during the Maintenance Period** into that new eligible Innovator Savings Account. 4) apply for and open an Innovator Business Checking Account(“ Checking Account”) using a bonus offer code between 12:00:00 AM EST on April 1st, 2026 and 11:59:59 PM EST on April 30th, 2026; 5) fund their Checking Account with $2,500 or more of New Money* within thirty (30) days of account opening; and 6) Maintain an average daily balance of $2,500 or greater during the Maintenance Period** into that new eligible Innovator Business Checking Account

*New Money is new funds deposited into your Innovator Savings or Innovator Business Checking Account  that are not transfers from other Grasshopper Bank accounts 

**The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.

Notification: If a New Client meets all of the eligibility requirements and conditions of the promotion, Grasshopper Bank will deposit the bonus into their Innovator Savings Account by the fifteenth day of the month that follows the month in which the last requirement was met, which is defined as the end of the Maintenance Period,  provided that the account is not closed or locked. Limitation of Liability: Grasshopper Bank and its respective officers, directors, employees, representatives and agents shall have no liability and shall be held harmless by participants for any damage, loss or liability to persons or property, due in whole or part, directly or indirectly, because of the acceptance, possession, use or misuse of prize or participation in this promotion. Grasshopper Bank reserves the right in its sole discretion to modify or end the promotion at any time and exclude any participant for any reason, including suspected fraud, misuse, or other misconduct. It may also terminate any Grasshopper Bank accounts you may have with us. Grasshopper Bank also reserves the right to reverse the bonus if a New Client closes their Innovator Savings or  Innovator Business Checking Account within 150 days of opening it. Miscellaneous: The bonus associated with this promotion is considered interest and will be reported on IRS Form 1099-INT. You are responsible for any federal or state taxes resulting from the promotion. Please consult your tax advisor if you have questions about tax treatment.

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

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