Business account

Grasshopper Innovator Business Checking

Monthly fee, APY, bonus, and minimum deposit are copied from the provider's page, with the date we checked.

Reviewed by Jason Keyz. Facts checked Nov 12, 2026.

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Best for A small business that wants interest on checking

Grasshopper Innovator Business Checking

Grasshopper Bank

Bank

Monthly fee: $0Innovator Business Checking. Grasshopper says there is no monthly fee and transactions are unlimited.as of Nov 12, 2026 source
APY: 1.00% to 1.35%Innovator Business Checking: 1.00% APY on $0.01 to $24,999.99, 1.35% on $25,000 to $250,000, and 1.00% above $250,000.01. Grasshopper dates that APY as of Nov 3, 2025. Rates may change after the account is opened.as of Nov 12, 2026 source
Min. deposit: $100as of Nov 12, 2026 source

No monthly fee
$100 to open
1.00% to 1.35% APY

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What we have verified

Bank or fintech: Bank
In the provider's words: Grasshopper Bank, N.A., Member FDIC.as of Nov 12, 2026, source
Deposit insurance: Deposits are FDIC-insured up to $250,000. An optional ICS deposit product can sweep funds into other FDIC-insured banks, up to $250,000 per bank.