If you keep a balance of $1,000 or more in your BlueVine checking account, you’ll start earning interest on that balance.
Interest-bearing accounts are still relatively rare in the business banking world (probably because they weren’t even legal until a few years ago). But even among the interest-bearing accounts out there, BlueVine has the best.
Part of that is the amount of interest. BlueVine offers a 1% interest rate on your account balance. For reference, Axos Bank used to have our favorite interest-bearing checking account, and it offers 0.5% APY (annual percentage yield). BlueVine’s interest rate is twice as high.
It’s not just the great rate though. As we’ve been telling you, BlueVine offers an all-around great checking account. Most other interest-bearing checking accounts charge monthly maintenance fees and require high minimum account balances. BlueVine doesn’t.
Yes, you have to keep $1,000 in your account to earn interest. But if you don’t, you’ll still have a great free checking account.
In other words, BlueVine offers one of the best free business checking accounts and one of the best interest-bearing checking accounts. See why it’s our favorite source for business checking?