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Lili review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Lili gives a business account a variable 2.25% to 4% with on-demand access, and it is built for one job: holding working cash. It suits a business or freelancer who wants the balance usable on demand, and a personal saver is a poor match.

Key facts

Best for
Fee-free business cash that can be withdrawn on demand.
Headline rate
2.25% to 4%↗
Rate type
Variable↗
Minimum deposit
$0↗
Deposit protection
FDIC up to USD 250,000↗
Access terms
On-demand access, no lockups, daily interest crediting from the first dollar↗
Monthly fee
$0↗
Account kind
Easy access↗
Legal entity
Lili App Inc.↗
Headquarters
United States↗
Founded
2018↗
Support channels
Phone, Email, Chat, Help-centre↗
Pricing model
No monthly fee
Official website
lili.co

Debit cards

Card type
Debit↗
Card network
Visa↗
Audience
Business

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInX

Pros and cons

Pros

  • Deposits carry FDIC up to USD 250,000 protection, so the balance sits with the US scheme.
  • easy access access with no lockups, so money can be paid out on demand.
  • A debit card on the visa network comes with the account.
  • Support runs on phone, email and chat, so a call or a message both work.

Cons

  • The 2.25% to 4% range opens below Wise at 3.29% and bunq at 3.01%.
  • A variable rate tracks the market, so the headline can move either way.
  • Finteres shows 0% to 36%, a far wider range, so a saver after a high headline number has more room there.
Lili

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • A small business that wants its operating balance to earn interest while staying accessible.
  • Freelancers and sole traders who need the balance to move on demand for invoices and costs.
  • Businesses that want support across phone, email and chat rather than a single channel.

Who should look elsewhere

  • Personal savers: this is a business account, and Wise at 3.29% or bunq at 3.01% serve that side better.
  • Anyone chasing a much higher headline number: Finteres lists 0% to 36%, well above Lili's 2.25% to 4% range.

Who runs it

Lili is operated by Lili App Inc., a company founded in 2018 and based in the United States. It is a young operation rather than a long-established high street name, and with a US base and US deposit protection it is not a general European savings account. Support is offered over phone, email and chat, giving a choice of channels rather than a single inbox.

How Lili compares

Where Lili is available

Available
Argentina, Australia, Bolivia, Brazil, Canada, Chile, China, Colombia, Ecuador, India, Israel, Mexico, New Zealand, Norway, Panama, Paraguay, Peru, United Arab Emirates, United Kingdom, United States, Uruguay
Licence in United States
FDIC, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What interest rate does Lili pay on business cash?+

Lili pays a variable rate of 2.25% to 4% on balances, crediting interest daily from the first dollar. Because the rate is variable, the figure moves with market rates rather than being fixed for a set period. The balance earns without any lockup, so the money is still yours to move on demand.

What does it cost to keep money at Lili?+

There is no monthly charge: the monthly fee is $0, and the minimum deposit is $0, so an account can start small and grow. That means the interest you see is the interest you keep, with nothing skimmed off the top each month.

Is money held at Lili protected?+

Deposits are covered by FDIC up to USD 250,000, the US deposit protection scheme run by the FDIC. Lili is a US company based in the United States and operated by Lili App Inc., so the balance sits with a US provider rather than an overseas one. Protection applies within the stated limit per depositor.

Who can open a Lili account?+

Lili is aimed at a business audience, so the account is built for companies, sole traders and freelancers rather than personal savers. If you are saving for yourself, a personal savings account from another provider fits better. The service is a US offering, with the company based in the United States.

Can I withdraw money whenever I want?+

Yes. The account is easy access and the terms describe on-demand access with no lockups, so you are not tied to a notice period or a fixed term. Interest is credited daily from the first dollar, which suits a business that needs to move money to a supplier or payroll at short notice.

Does Lili come with a card?+

Yes, a debit card that runs on the visa network comes with the account, so day-to-day business spending can run off the same balance that is earning interest. The monthly fee is $0, so there is no separate card charge listed for keeping the card.

How do I get hold of Lili if something goes wrong?+

Support is available on phone, email and chat, so a call, an email, a chat message or the help centre will all reach the team. That mix of channels matters for a business account, where a payment problem can stop a supplier being paid the same day. The company behind the account is Lili App Inc..

Sources

  • en.wikipedia.org/wiki/Lili_(platform) checked September 26, 2026

    Backs: Founded

    “Lili was founded in 2018 by Lilac Bar David and Liran Zelkha.”

  • lili.co checked September 26, 2026

    Backs: Audience, Deposit protection, Headquarters, Legal entity, Support channels, Licences

    “online banking platform built for people running real businesses”

  • lili.co checked September 26, 2026

    Backs: Card type, Card network

    “Powerful checking with a Lili Visa Debit Card and no monthly fees on Lili Core”

  • lili.co/business-banking checked September 26, 2026

    Backs: Access terms, Account kind

    “Daily earnings from the first dollar. No lockups, no penalties”

  • lili.co/plans checked September 26, 2026

    Backs: Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type

    “Savings with up to 4.00% APY3 - 2.25% APY applies to balances of up to and including $500,000. 4.00% APY applies to balances over $500,000 and up to and including $1,000,000”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Lili

Lili

Fee-free business cash that can be withdrawn on demand.

8.9/10See alternatives