ING Direct has recently started offering online savings accounts and CDs for businesses. The business savings account yields 5.00% APY, which is 0.50% higher than the 4.50% APY of the Orange Savings Account available to regular consumers.

The CD rates are the same as the consumer CDs with a top yield of 5.25% APY for 9, 12 and 18 month terms.

Just like the consumer version, the business version has no fees or service charges. Businesses eligible for these accounts include sole proprietorships, partnerships, LLCs, corporations and nonprofits. You can find the required documents for opening the accounts here. ING Direct is FDIC insured.