Grasshopper · Banks
Grasshopper Innovator Business Savings review
Grasshopper’s Innovator Business Savings rewards larger reserves, reported at about 3.00% APY from $25,000 and 1.55% below that, with no monthly fee. It suits US businesses keeping meaningful cash in reserve.
Who Grasshopper is best for
US businesses keeping $25,000+ in reserve and startups and venture-backed companies.
Small balances under $25,000.
Grasshopper’s Innovator Business Savings rewards larger reserves, reported at about 3.00% APY from $25,000 and 1.55% below that, with no monthly fee. It suits US businesses keeping meaningful cash in reserve.
Fees, features and eligibility
| Standard interest | About 1.55% APY under $25,000 and 3.00% APY at $25,000+ (reported by WalletHub, 2026; check Grasshopper for today’s rates) |
|---|---|
| Fees | $0 a month |
| Currencies | USD |
| Access to funds | No lock-ups |
| Deposit protection | FDIC insured up to $250,000 |
| Eligibility | US businesses |
Source: Grasshopper published product information.
What stands out
Pros
- About 3.00% APY from $25,000 (reported 2026)
- No monthly fee
- FDIC insured
Cons
- Lower rate under $25,000
- $100 minimum to open
Grasshopper: common questions
What does Grasshopper Innovator Business Savings pay?
It has been reported at about 1.55% APY under $25,000 and 3.00% APY on balances of $25,000 or more. Check Grasshopper for current rates.
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