Grasshopper business savings: the 3.00% tier, explained
Grasshopper's money market savings account pays 1.55% APY under $25,000 and 3.00% APY from $25,000, with no monthly maintenance fee and a $100 minimum to open. The higher rate is a balance threshold, not a promotion: Grasshopper's partner materials say it applies to the whole balance once you reach it. The bank dates its rate disclosure 01/05/2026, so confirm today's rate.
SwitchWize has a partnership with Grasshopper Bank through an affiliate network, so we may be compensated if you open an account through links on this page. That does not change what the calculator shows or how we describe the terms.
Who this fits, and who should look elsewhere
It fits when
- You hold $25,000 or more of idle operating or reserve cash and want it earning the top tier.
- You can keep the balance above $25,000 consistently, since below it the rate is 1.55%.
- You want a single insured account for reserves next to a business checking account.
Look elsewhere when
- Your reserve is under $25,000: the 3.00% tier is out of reach, so compare accounts that pay on smaller balances.
- You need to confirm the rate today: Grasshopper dates this disclosure 01/05/2026 and rates are variable.
- You need more than the standard FDIC limit and cannot confirm which accounts the extended coverage covers.
What you would actually earn
Enter your own numbers. The calculator applies the tiers, the cash back and wire conditions, and the fees exactly as Grasshopper states them.
Estimated value per year
$1,500
- +$1,500.00
Interest
Tiered APY at $50,000.00.
- $0.00
Monthly maintenance fee
No monthly maintenance fee.
What has to be true
Met: Outgoing domestic wires are free only with an average monthly balance of $25,000 or more.
The bank dates its rate disclosure 2026-01-05, 279 days ago. Rates may have changed.
How this is calculated
- Balance is assumed steady across the year.
- This is an estimate from terms Grasshopper published, not a quote or a guarantee. Rates can change after you open the account, and fees may reduce earnings.
The terms, with the quote each came from
| Term | What Grasshopper states |
|---|---|
| Interest (APY) | Under $25,000: 1.55%; $25,000 and up: 3.00% The bank dates this disclosure 2026-01-05. Rates may change after you open the account, and fees may reduce earnings. Source quote2. Accelerator Money Market Savings Annual Percentage Yield (APY) is accurate as of 01/05/2026. The minimum amount to open an account is $100.00. Rate tiers are as follows: 1.55% APY applies to balances of $0.01—$24,999.99. 3.00% APY applies to balances of $25,000 and up. Rates may change after the account is opened. Fees may reduce earnings. |
| Monthly maintenance fee | $0 Source quotePlus, unlimited fee-free transactions, free ACH & domestic wires, and no monthly fees. |
| Minimum to open | $100 Source quote2. Accelerator Money Market Savings Annual Percentage Yield (APY) is accurate as of 01/05/2026. The minimum amount to open an account is $100.00. Rate tiers are as follows: 1.55% APY applies to balances of $0.01—$24,999.99. 3.00% APY applies to balances of $25,000 and up. Rates may change after the account is opened. Fees may reduce earnings. |
| Outgoing domestic wires | $10 each, free with a $25,000 average monthly balance Source quote4. Free outgoing domestic wire transfers are available for Accelerator Checking and Accelerator Savings accounts that maintain an average monthly balance of $25,000 or more. If the required minimum monthly balance is not maintained, applicable outgoing domestic wire fees will apply. The fee for outgoing domestic wire transfers for an Accelerator Checking and Accelerator Money Market Savings Account is $10. |
| FDIC insurance | Insured up to $250,000; extended coverage up to $125 million described, subject to change The extended-coverage network is not named on the page. Ask which accounts it covers. Source quotewhere funds are FDIC-insured up to $250,000 and you can access extended coverage up to $125 million. ... your deposits are protected up to $125 million instead of the standard limit of $250,000, subject to change at any time by Grasshopper. Terms and restrictions apply. |
What has to be true
Outgoing domestic wires are free only with an average monthly balance of $25,000 or more.
If not: A $10 fee applies to each outgoing domestic wire when the average monthly balance is below $25,000.
Where your money sits
Deposits are held at Grasshopper Bank, N.A., a directly chartered bank that states it is a Member FDIC, with insurance up to $250,000 per the standard limit.
Grasshopper also describes extended coverage up to $125 million through a network of FDIC-insured banks. It says this is subject to change at any time, and the page does not name the network. Ask the bank which of your accounts it covers and what the placement terms are before you rely on it.
Go to Grasshopper
How these terms have changed
Every figure on this page is tied to a quote. We re-read the bank's page and check that each quote is still there. If one is missing, the page flags it for review instead of quietly showing a stale number.
- 2026-10-08First read
We recorded the terms shown above from the bank's own page. The bank dates its rate disclosure 2026-01-05.
No re-checks are recorded yet. The first one will appear here.
Questions people ask
What interest does Grasshopper business savings pay?
Grasshopper lists two tiers: 1.55% APY on balances from $0.01 to $24,999.99 and 3.00% APY on balances of $25,000 and up. The bank dates this disclosure 01/05/2026, says rates may change after you open the account, and describes savings rates as variable. The minimum to open is $100.
Does the 3.00% apply to my whole balance?
Grasshopper's partner marketing guidelines say the rate applies to the whole balance once you meet the tier requirement. The bank's public page lists the tiers but does not say this, so confirm it with Grasshopper if the difference matters to you. Our calculator uses the whole-balance reading and labels it.
Are there monthly fees or wire fees?
Grasshopper says there is no monthly maintenance fee. Outgoing domestic wires are free only with an average monthly balance of $25,000 or more; below that each costs $10. Fees may reduce earnings.
Is the account called Innovator Savings or Accelerator Money Market Savings?
Both names appear on Grasshopper's pages for what we treat as the same money market savings account. Check the exact name on the bank's page when you apply.
How is my money protected?
Grasshopper Bank, N.A. is a Member FDIC bank and its page states insurance up to $250,000. It also describes extended coverage up to $125 million through a network of FDIC-insured banks, subject to change at any time by Grasshopper, and ties that coverage to its money market savings account. The network is not named, so ask the bank how it works for your balance.
Keep reading
How we built this page: every figure was read from Grasshopper's own pages and is shown with the exact quote and the date the bank puts on it. Some figures are partner materials, which are labeled where used. This is an estimate, not a quote, and not financial advice. Rates are variable and can change after you open an account.