Rho Business Savings pays up to 1.00% APY (variable, as of August 2026; terms apply), with FDIC coverage up to $75 million per entity¹ across a network of 400+ partner banks, reflecting program capacity on a commercially reasonable efforts basis, not a guarantee. Fund it from your Rho checking account and watch interest post every month.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC.
What you get with Rho's Business Savings Account
¹ Rho Business Savings is a separate account from Rho checking. Savings account services and up to $75,000,000 in FDIC insurance per entity are provided by American Deposit Management Co. and its network of 400+ partner banks (as of August 2026), reflecting program capacity on a commercially reasonable efforts basis, not a guarantee. Rho checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A., Member FDIC.
- 01
Open or log into your Rho account
New to Rho? Applying for a checking account takes less than 10 minutes with your EIN and formation documents. Already bank with Rho? Skip to step two.
- 02
Turn on Business Savings
Activate Business Savings from your Rho dashboard. There is no separate application and no new login.
- 03
Fund it from checking
Move money in anytime, with no limit on transfers in. Transfers back to checking are capped at six per month and typically land within two business days.
- 04
Watch it earn
Interest accrues daily on your average balance and is paid monthly, posted on the fifth business day.
Business savings account rates
- FDIC coverage up to $75M through a network of 400+ partner banks¹
- Interest accrues daily and pays out monthly
- Unlimited transfers in from your Rho checking account
- Up to 6 transfers back to checking per month
- No new account or routing numbers to track
- Managed from the same dashboard as your Rho checking account
The rate applies against your average monthly balance, not a single day's snapshot. If your balance dips one week and recovers the next, it's the month's average that has to clear $25,000 for the rate to apply.
Sleep better at night
Your deposits spread automatically across 400+ FDIC/NCUA-insured partner banks for up to $75M in coverage per depositor.
One view, full clarity
See one balance, one live view of coverage and yield, even though your cash sits across 400+ banks.
No fees, no friction
Business Savings has a $0 monthly fee and moves easily between Checking, Savings, and Treasury from one Rho login.
| Rho | |
|---|---|
| FDIC insurance coverage | Up to $75M per entity¹ |
| Savings APY | Up to 1.00% (variable, as of August 2026; terms apply) |
| FDIC-insured deposit account | Yes |
| Minimum balance for the top rate | $25,000 average monthly balance |
| Cost to access the rate | $0 in monthly Rho account fees |
| Does the top rate require a paid plan | No |
| Rho | Mercury | Brex | Relay | |
|---|---|---|---|---|
| FDIC insurance coverage | Up to $75M per entity¹ | Up to $5M | Up to $6M | Up to $3M |
| Savings APY | Up to 1.00% (variable, as of August 2026; terms apply) | No standalone savings account (Mercury Treasury: 3.13% to 3.89%, tiered by balance) | No standalone savings account (Brex Treasury: variable yield, tiered by balance, see brex.com for current rate) | Up to 3.00%, tiered by plan (see relayfi.com for current rates) |
| FDIC-insured deposit account | Yes | No (SIPC only) | No (SIPC only) | Yes |
| Minimum balance for the top rate | $25,000 average monthly balance | $250,000 across all Mercury accounts | No minimum | No balance minimum (top rate requires paid plan, see below) |
| Cost to access the rate | $0 in monthly Rho account fees | $0 to open; 0.15% to 0.60% asset fee on Treasury balances | $0, no account or transaction fees | $0 on Starter plan; $120/mo Scale plan required for the top rate |
| Does the top rate require a paid plan | No | No, but $250,000 must move into the separate Treasury product to earn anything | No | Yes, the $120/mo Scale plan |
Competitive data collected from Mercury, Brex, and Relay websites as of 2026-09-06, and may change. ¹ Up to $75,000,000 in FDIC insurance per entity, reflecting program capacity through American Deposit Management Co. and its network of partner banks on a commercially reasonable efforts basis, not a guarantee.
A business savings account is a deposit account where a company holds reserve cash and earns interest, separate from the checking account it uses for daily payments. Rho's version caps you at six transfers out per month, with no limit on transfers in. The upside is the rate: up to 1.00% APY (variable, as of August 2026; terms apply) once your average monthly balance clears $25,000, funded and withdrawn entirely through your existing <a href="/product/business-banking">Rho checking account</a>.
- The Rho Business Savings Account pays up to 1.00% APY, variable and set monthly (as of August 2026, terms apply), requires a $25,000 average monthly balance to earn interest, and allows 6 withdrawals per month with no limit on transfers in.
- It is funded from your Rho primary checking account, and no account or routing numbers are issued for Savings, which keeps the reserve out of the daily payment path.
The three get confused constantly, and the confusion matters because the insurance is different. Rho Business Savings is a deposit account: FDIC-insured, principal never at risk from market moves. A money market fund or treasury sweep, like Mercury Treasury or Brex Treasury, is an investment product covered by SIPC instead of FDIC, capped at $500,000 with only $250,000 of that in cash. Rho's own <a href="/product/treasury">Treasury product</a> works the same way, a separate $50,000-minimum option for companies that want that trade-off.
- Rho Business Savings: a deposit account, FDIC-insured, principal never at risk from market moves
- Money market fund or treasury sweep (Mercury Treasury, Brex Treasury): an investment product, SIPC-covered, capped at $500,000 with only $250,000 in cash
- Rho Treasury: a separate $50,000-minimum option for companies that want that trade-off
If your checking balance rarely dips below what you need for the next 60 to 90 days, the answer is usually yes. That excess is earning nothing sitting in checking. If you're pre-revenue and burning through a fixed runway, the six-transfer-per-month cap can work against you, and keeping everything liquid in checking may matter more than the rate. LLCs and corporations qualify the same way Rho's checking account does: an EIN, formation documents, and an existing Rho account to fund it from.
- If your checking balance rarely dips below 60 to 90 days of needs, a savings account usually makes sense
- Pre-revenue companies burning a fixed runway may prefer to keep cash liquid in checking instead
- LLCs and corporations qualify the same way Rho's checking account does: an EIN, formation documents, and an existing Rho account to fund it from
Start with what's actually insured, not just the advertised rate. A single bank only covers $250,000 per depositor, so if your balance runs materially above that, ask how the provider extends coverage and whether that extension is guaranteed or a capacity claim. Rho extends coverage up to $75 million per entity through a network of 400+ partner banks, on a commercially reasonable efforts basis. Then compare what the rate actually costs: a minimum balance test, a paid plan tier, or nothing extra at all.
- Start with what's actually insured, not the advertised rate
- A single bank only covers $250,000 per depositor; ask how a provider extends coverage beyond that, and whether it's guaranteed or a capacity claim
- Rho extends coverage up to $75 million per entity through a network of 400+ partner banks, on a commercially reasonable efforts basis
- Compare what the rate actually costs: a minimum balance test, a paid plan tier, or nothing extra at all
Open Business Savings from your Rho dashboard in minutes, with up to $75M in FDIC insurance¹ and up to 1.00% APY (variable, as of August 2026; terms apply).
Frequently asked questions
Yes. Corporations, LLCs, partnerships, and sole proprietors can all open business savings accounts. Rho offers the Rho Business Savings Account to companies with a Rho checking account. It pays 1.00% APY, variable and set monthly (terms apply), with up to $75M in FDIC deposit insurance capacity per entity through American Deposit Management Co. and its partner banks.
For most businesses holding more cash than the next 60 to 90 days of expenses require, yes. That excess earns nothing sitting in checking; a savings account like Rho's pays up to 1.00% APY (variable, terms apply) on it instead, without moving the money out of your control.
Yes. An LLC qualifies the same way any other business entity does: an EIN, formation documents, and an existing checking account to fund it from. Rho Business Savings is available to LLCs, corporations, and sole proprietorships that already bank with Rho.
It depends on what you're optimizing for: rate, insurance coverage, or access. Rho Business Savings pairs up to 1.00% APY (variable, terms apply) with FDIC coverage up to $75 million per entity (capacity through a network of 400+ partner banks, on a commercially reasonable efforts basis, not a guarantee), more than Mercury, Brex, or Relay offer on comparable products, though Mercury and Brex's treasury yields run higher on funds that aren't FDIC-insured at all.
The honest answer changes with what you're comparing. On FDIC coverage, Rho's up to $75 million per entity (capacity through a network of 400+ partner banks, not a guarantee) beats Mercury ($5M), Brex ($6M), and Relay ($3M). On rate alone, look past the coverage question first, because the highest advertised numbers, at Mercury and Brex, aren't FDIC-insured deposit accounts at all.
Most accountants would say yes if the LLC holds cash beyond its near-term operating needs, for the same reason it should have a separate checking account: it keeps records clean and keeps idle cash actually earning something instead of sitting flat.
With Rho, that specific number falls short of what's needed to earn anything. Business Savings pays up to 1.00% APY (variable, terms apply), but only once your average monthly balance reaches $25,000. At that threshold, a year at the full rate works out to roughly $250 before compounding; below $25,000, the balance earns 0% with Rho.
Rho's is: Business Savings extends FDIC coverage up to $75 million per entity through American Deposit Management Co.'s network of 400+ partner banks, reflecting program capacity on a commercially reasonable efforts basis and not a guarantee, designed to keep no single bank's share above $250,000 under normal operating conditions, subject to the terms of the program agreement. Not every account marketed as a "business savings account" is FDIC-insured, either; Mercury Treasury and Brex Treasury are money-market products covered by SIPC instead, so check which kind you're looking at before comparing rates.
Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC, savings account services provided by American Deposit Management Co. and its partner banks. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. Rho Business Savings offers access to up to $75,000,000 in FDIC insurance per entity through a network of 400+ partner banks (as of August 2026). This coverage reflects program capacity on a commercially reasonable efforts basis and is not a guarantee. Rho checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A. Competitive data collected from Mercury, Brex, and Relay websites as of 2026-09-06, and may change. Product claims current as of September 2026.