American Express is helping small business owners better manage their cash flow with the recent launch of Kabbage Checking™— its first-ever business checking account.
Checking accounts don’t often offer the chance to earn interest on your money (let alone at a high rate), but the online-only Kabbage Checking account does both.
It stands out for giving account holders a 1.10% APY on balances up to $100,000. So, a $50,000 average monthly balance would equate to earning $550 in annual interest. The checking account also has zero monthly maintenance fees so you don’t have to worry about getting charged just for being an account holder.