LiaFi, a fintech platform and mobile app built for small businesses, announced that it has increased the annual percentage yield (APY) on its LiaFi Business Account to 3.10% APY for both new and existing customers. The rate increase reinforces the company’s mission to help small businesses make more from their cash without giving up flexibility or access to funds.
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The updated rate reflects LiaFi’s continued focus on improving cash management for small businesses, nonprofits, and organizations that often keep surplus funds in traditional checking accounts earning little to no interest. By offering a competitive yield with full liquidity, LiaFi aims to help business owners earn more on idle cash while keeping it readily available for daily operations.
“We’re passionate about small business and built LiaFi on the belief that they deserve to earn meaningful interest,” said Bruce Hrovat, Founder and CEO of LiaFi. He added that the company is proud to provide a leading rate that helps business owners grow value from cash they already hold, while also thanking Magnolia Bank for supporting LiaFi’s mission and commitment to the small business community.
Rather than letting funds sit in a business checking account earning minimal interest, LiaFi enables businesses to seamlessly move money into an interest-bearing account and back again when it’s time to pay bills. This streamlined approach allows cash to stay productive until it’s needed, without adding complexity or friction to everyday banking workflows.
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The difference can be significant. On average, business checking accounts earn just 0.07% APY. At that rate, a small business holding $50,000 in idle cash would earn roughly $35 per year. With LiaFi’s 3.10% APY, that same balance could generate approximately $1,550 annually—funds that could be reinvested into equipment upgrades, marketing initiatives, or used to offset rising operating costs.
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LiaFi is designed to complement—not replace—existing bank relationships. Businesses can securely connect their current bank accounts in just minutes and move surplus funds into a LiaFi Business Account to earn interest until expenses arise. Funds remain accessible at all times, with no lockups, minimum requirements, transfer limits, or fees, giving business owners full control over their cash.
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