Lili
$93.75/mo earned
- Rate by balance
- 2.25% to $500K; 4.00% to $1M; none above
- How the rate applies
- Each slice at its own rate
- Balance to waive fee
- None
- To open
- None
- Rate dated
- January 13, 2026
- Interest earned
- $93.75/mo earned
Lili
Lili is a US financial technology company, not a bank, offering small business banking and a savings account that is included on every Lili plan.
Best for
Small businesses already banking with Lili, or wanting checking and savings in one app, that keep a balance inside its rate slices.
Savings inside a Lili business account from a financial technology company, not a bank, free on every plan and paying a blended rate across balance slices.
- APY
- 2.25%
- Monthly fee
- None
- Balance to waive fee
- None
- Checking required
- Yes
How Lili compares
All prices in USDPrices checked
Side-by-side with the closest alternatives by estimated cost.
Interest earned over 12 months, net of fees, from a $50,000 starting balance (our example, not a typical one) and no deposits. Fees are waived on that month's balance, interest is each month's APY divided by 12 with no interest on interest, and a published introductory rate counts for its stated months only. Relationship rates and promo-code offers are not counted.
Live Oak Bank
$114.58/mo earned
- Rate by balance
- 2.75% on any balance
- How the rate applies
- Flat
- Balance to waive fee
- None
- To open
- None
- Rate dated
- 10/26/2026
- Interest earned
- $114.58/mo earned
Grasshopper Innovator Savings
$135.42/mo earned
- Rate by balance
- 1.55% to $24,999; 3.25% from $25,000
- How the rate applies
- Whole balance
- Balance to waive fee
- None
- To open
- $100
- Rate dated
- 10/13/2026
- Interest earned
- $135.42/mo earned
Piermont Business Money Market
$135.42/mo earned
- Rate by balance
- 0.75% under $20,000; 3.25% from $20,000
- How the rate applies
- Whole balance
- Balance to waive fee
- $1,000
- To open
- None
- Rate dated
- 06/15/2026
- Interest earned
- $135.42/mo earned
Strengths and trade-offs
Pros
- Included on every Lili plan with no separate fee
- A higher rate on the second slice of the balance
- No minimum to open
Cons
- A financial technology company, not a bank; deposits sit at a partner bank
- The balance above the top slice earns nothing
- Needs a Lili business account
- The rate date Lili prints is months old
About Lili
Lili is a financial technology company rather than a bank. Its accounts are held at a partner bank, and FDIC cover is pass-through cover under that arrangement. We compare Lili Savings, which sits inside a Lili business account and is free on every Lili plan.
The rate is blended: one rate applies to the first slice of the balance, a higher rate to the next slice, and the balance above that earns nothing. Lili's own worked example on its savings page computes interest this way, slice by slice, and that is how the table prices it.
You need a Lili account to hold Lili Savings.
We may earn a commission when you click through to a provider. Any offer shown is the provider’s own, and we check each one before it appears. Neither ever affects ranking or data shown. Read our terms.
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