Maximize your earnings while keeping your funds accessible with our Business Savings and Money Market accounts. Enjoy competitive interest rates, flexible banking options, and the confidence your business needs to thrive.
SBIC offers excellent business savings accounts tailored to meet your company's growth. Choose from a range of accounts:
A straightforward way to grow your funds.
Earn higher returns for higher balances.
Flexible access with competitive rates.
Start saving with SBIC—with excellent savings account interest rates meant for your convenience.
At SBIC, we aim to be your choice for small business accounts by offering flexible, high-value options. This helps you choose a business savings account based on your needs:
| Feature | Business Savings | Premium Business Money Market | Business Money Market |
|---|---|---|---|
| Ideal For | Basic savings plans for businesses | Maximizing earnings with limited access | Maximizing earnings with limited access |
| Minimum Initial Deposit | $500 | $500 | $500 |
| Monthly Service Fee | $10 | $10 | $10 |
| Daily Minimum Balance to Waive Fee | $500 | $500 | $500 |
| Monthly Transaction Limit | 6 | 6 | 6 |
| Fee for Additional Transactions | $10 per transaction beyond the limit | $10 per transaction beyond the limit | $10 per transaction beyond the limit |
| Account Type | Ideal For | Minimum Initial Deposit | Monthly Service Fee | Daily Minimum Balance to Waive Fee | Monthly Transaction Limit | Fee for Additional Transactions |
|---|---|---|---|---|---|---|
| Business Savings | Businesses seeking a straightforward savings plan | $500 | $10 | $500 | 6 | $10 per transaction beyond limit |
| Premium Business Money Market | Businesses maximizing interest earnings with limited access | $500 | $10 | $500 | 6 | $10 per transaction beyond limit |
| Business Money Market | Businesses focused on higher returns with limited transactions | $500 | $10 | $500 | 6 | $10 per transaction beyond limit |
SBiC offers reliable and rewarding financial solutions. Here are some of those features:
Opening an account with SBI-California, is simple and hassle-free.
SBIC offers a variety of bank accounts for small businesses with high interest business savings account options Start saving today.
Locate an SBIC branch close to you for personalized support and convenient banking services.
Opening my business checking account was a breeze. The user-friendly platform and helpful staff made the process smooth and efficient.
Opening my business checking account was a breeze. The user-friendly platform and helpful staff made the process smooth and efficient.
SBIC’s small business checking account was exactly what my startup needed. The quick application process and amazing customer support made it easy to get started!
SBIC’s small business checking account was exactly what my startup needed. The quick application process and amazing customer support made it easy to get started!
Opening my business checking account was a breeze. The user-friendly platform and helpful staff made the process smooth and efficient.
Opening my business checking account was a breeze. The user-friendly platform and helpful staff made the process smooth and efficient.
SBIC’s small business checking account was exactly what my startup needed. The quick application process and amazing customer support made it easy to get started!
SBIC’s small business checking account was exactly what my startup needed. The quick application process and amazing customer support made it easy to get started!
Discover a full range of financial solutions, from company savings accounts to business loans, tailored to meet your needs. SBI-California is a great choice for a business account, offering competitive rates and seamless services.
Both accounts are excellent for growing your funds. A Business Money Market account may provide slightly higher returns, making it ideal for businesses seeking better earnings with limited withdrawals.
Interest is credited monthly, calculated daily on the collected balance, and compounded daily. Check your account agreement for complete details.
Yes, both accounts have a $10 monthly service fee. This can be waived by maintaining a daily minimum balance. Transactions are limited to six per month, and there is a $10 fee for each additional transaction.
SBI-California provides a range of flexible company savings account options, competitive rates, and excellent service, ensuring you have the tools to manage and grow your funds effectively.
You’ll need business documentation (e.g., articles of incorporation), Tax ID Numbers, owner SSNs, and details like the business name, address, and formation date. Contact a SBI-California representative for full details, requirements, and to make this process easy and efficient.
Interest rates on Business Savings and Money Market accounts are variable and may change with market conditions.
Yes, SBIC offers savings accounts for all types of businesses, including sole proprietors.
Yes, federal regulations limit certain withdrawals to six per month; fees apply beyond that.
Yes, SBIC allows seamless integration between accounts for easy fund transfers.
Yes, deposits are FDIC-insured. FDIC-insured deposits are covered up to at least $250,000 per depositor, per insured bank, for each ownership category.
Yes, Premium Business Money Market accounts feature tiered rates for higher balances.
A $10 monthly service fee will apply if your balance falls below $500.
SBIC offers advanced encryption and two-factor authentication for online transactions.
Yes, international businesses can open accounts, subject to additional documentation. Contact a representative to get full details.
Start the application process online, and visit a branch with your documents to finalize the account. Contact a representative to get full details.
What support options does SBIC offer for businesses?
Stay connected with SBIC—your trusted financial institution for reliable business banking solutions.
1Interest rate is variable and may change without notice. Interest is calculated on the daily collected balance, compounded daily, and credited monthly. Interest begins to accrue on the first business day the Bank receives credit for the deposit of non-cash items (e.g., checks). For current rates, please visit the Deposit Rates page, call us at 1-877-707-1995, or visit your preferred local branch.
2Standard Online Banking included through Consumer Online Banking (CoB), the personal and small business online banking portal. For access to Business Online Banking (BoB), additional charges may apply. Please speak with one of our Branch Representatives or Relationship Officers for full details.
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