The Capital One Spark Business Savings account is here to service you so look no further. If you have a small business Capital One Spark Business is for you since they offer free checking and free savings account for businesses. Spark Business Savings is a sure way for you to save your business’ revenue and not cost you a dime doing so. If this is appeasing to you make sure to check out the additional benefits and perks below and sign up for the Capital One Spark Business Savings account today!
Editor’s Note: For more ways to pair your checking and saving needs, make sure to pair your new savings account with Capital One Spark Business Checking account. Also if you’re in the market for a business card make sure to read and see our list of Best Capital One Credit Cards to complete your small business needs!
| Robo Advisor | Best For | Management Fee | Minimum Investment | Pros |
|---|---|---|---|---|
| Axos Invest | Automated Investment | 0.24% annual advisory fee | $500 | Low management fees |
| Betterment | Taxable Accounts | 0.25% for Digital | $0 | Fractional shares limit non-invested cash & robust goal-based tools |
| Wealthfront | New Robo-Investors | 0.25% | $500 | Simple learning curve, daily tax-loss harvesting & automatic rebalancing |
| Personal Capital | High Income | 0.89% | $100,000 | Smart indexing, dedicated financial advisors & terrific investment tools |
| Fundrise | Real Estate Investment | 0.85% | $500 | 90-day money-back guarantee, diversified portfolio & user-friendly platform |
| Wealthsimple | Socially Responsible Investment | 0.50% | $0 | SRI options & free access to human advisors, portfolio analysis & tax-loss harvesting |
| Motif | Portfolio Mix | $4.95 Per Month | $0 | Pre-built portfolio, customizable motifs & SRI options |
| Schwab Intelligent Portfolio | From a Major Brokerage Firm | 0% | $5,000 | Diversified portfolio, access to financial advisors, automatic rebalancing & tax efficiency |
| Vanguard Personal Advisor Services | Human Touch | 0.30% on assets up to $5M. | $50,000 | Personal advice, complex financial planning, access to Vanguard Funds & savings on taxes |
| Blooom | 401(k) Management | $10 Per Month | $0 | Free analysis, investment expense audit & financial advisors |
| FutureAdvisor | Managing Your 529 | 0.50% | $10,000 | Free tools, advice & financial advisor support |
| Fidelity Go | Fidelity Clients | 0.35% for Retirement / up to 0.40% for Taxable | $10,000 | Seamless multi-account viewing & investment research (for Fidelity clients) |
| SigFig | 1st $10,000 Managed Free | 0.25% above $10K | $2,000 | Low $2,000 minimum investment. First $10,000 managed free. |
Spark Business Savings Information:
- Apply Now
- Account Type: SparkSM Business Savings
- Availability: Nationwide
- APY Percentage: 1.75% APY for the first 12 months and after that will return to 0.40% APY
- ChexSystems: Unknown. Let us know.
- Opening Deposit: None, open with as much as you wish.
- Direct Deposit Requirements: None.
- Monthly Fee: None.
- Terms & Conditions
Spark Business Savings Pros:
The Spark Business Savings provides you the best introductory savings APY at a whopping 1.75% APY for the first 12 months. Yes, it doesn’t last but you make your savings grow a lot farther than with a standard business savings account and with those pesky monthly fees too. Bleh. With the Spark Business Savings you can open your account with as little or as much as you want, there is no opening deposit amount required and to further that no additional fees. You can begin transferring your money over to your Spark Business Savings account and start taking advantage of that 1.75% APY for 12 months. After that you will revert to 0.40% APY for your saving interest.
You will have the ability to manage your Spark Business Savings account through your mobile app. That’s a huge step! Most business checking or savings account, there are bugs or whatnot that causes users not to be able to access their business bank accounts but here Capital One made sure that you, the consumer and business leader, can access your Spark Business Savings on the go. You have your mobile in hand and all you have to do is download the app and start monitoring your operations within your palm. It’s that easy and convenient with a Spark Business account.
Spark Business Savings Cons:
Not everything is perfect in the world and so is this seemingly spotless business savings account. The Spark Business Savings account falls short with the ability to write checks with their savings account. Generally speaking, most people will not use their savings account to write checks but as a business entrepreneur sometimes check writing ability, no matter what bank account it comes from, is necessary to operate a business. You also run into the semi-frustrating way to transfer money to your Spark Business Savings account. You can only transfer money to and from one linked business checking account. So make sure you choose one that is hassle-free to manage your money transfers. The last downfall I can see as a business owner is being sucked in by the amazing 1.75% APY then being spat out to the standard 0.40% APY after completing 12 months with a Spark Business Savings. So it seems all good things do not last forever.
Bottom Line:
If you are searching for a great no fuss savings account, then this account is your answer. The Spark Business Savings account is designed to give small business owners a chance to earn 1.75% APY for 12 months on the amount that is saved within the account. Consumers also enjoy the benefits of having no monthly fees and a low required opening deposit minimum of $250. You can manage your business savings account at the tip of your fingers through mobile app access so you will never be surprised at any changes within your account. If you’re not interested in this business savings account, make sure to check out our full listing of best bank rates!
 The Hilton Honors American Express Business Card has a welcome offer of 175,000 Hilton Honors Bonus Points after you spend $8,000 in purchases on the Hilton Honors Business Card within the first six months of Card Membership. Offer Ends 1/8/2025. You'll earn: • Earn 12X Hilton Honors Bonus Points on eligible Hilton purchases. • Earn 5X Hilton Honors Bonus Points on other purchases made using the Hilton Honors Business Card on the first $100,000 in purchases each calendar year, 3X points thereafter. • Enjoy up to $240 back each year (in the form of statement credit) for eligible purchases made directly with Hilton. • Enjoy complimentary National Car Rental Emerald Club Executive status. Enrollment in the complimentary Emerald Club program is required. Terms apply. • Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card. With Hilton Honors Gold status, you can enjoy benefits at hotels and resorts within the Hilton Portfolio. As a Gold member, earn an 80% Bonus on all Base Points you earn on every stay getting you to free nights faster. In addition, you can enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card. This card has a $195 annual fee. (See Rates & Fees) Terms & Limitations Apply. |
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