If you’re a business owner, chances are that you already have a business checking account. Opening a checking account is one of the first things you should do when starting a new business. Then, once your business starts to consistently make money and has excess cash flow, you should open a business savings account as well. If you have a substantial amount of cash on hand to open your business savings account, you might consider opening a business money market account instead. No matter which type of account you choose, having a dedicated bank account for your business’ savings needs can help your business succeed. Let’s look at some of the benefits a business savings account or a business money market account can provide: