Maximize your business's financial potential with SBIC Bank’s Business Savings Accounts. Enjoy competitive interest rates, seamless digital banking, and flexible access to support your company's growth. Open an account today at any SBIC branch and watch your business savings thrive.
SBIC Bank offers business savings and money market accounts designed to put your idle business funds to work, earning competitive interest while remaining accessible when you need them.
SBIC Bank offers business savings accounts tailored to meet your company's growth. Choose from a range of accounts:
Start saving with SBIC Bank—with excellent savings account interest rates meant for your convenience.
At SBIC Bank, we aim to be your choice for small business accounts by offering flexible, high-value options.
| 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 |
SBIC Bank offers reliable and rewarding financial solutions. Here are some of those features:
Competitive Rates: Benefit from some of the highest interest rates.
Affordable Fees: Avoid monthly fees with manageable minimum balances.
Accounts for Every Business Structure: SBIC Bank offers business savings and money market accounts for sole proprietors, LLCs, corporations, and international businesses, with options scaled to your balance and transaction needs.
Relationship Banking: SBIC Bank is a community bank with over 40 years of experience serving businesses across the state. Our branch teams work directly with business owners, not call centers.
In-Person and Virtual Support: SBIC Bank operates branch locations with multilingual staff available. Our business banking team can help you compare options and open your account in person. Prefer remote support? Our Virtual Branch connects you with a representative via live chat, audio, or video anytime.
Credit Monitoring: Exercise your new rights under FACTA to review your credit record and report fraudulent activity.
Enhanced Security: Enjoy peace of mind with advanced Mobile and Online banking security features protecting your accounts.
Opening an account with SBIC Bank is simple and hassle-free.
Here's what you'll need:
Business Documentation: Include organizing documents, articles of incorporation, or a certificate of resolution.
Tax ID Number (TIN) and Social Security Numbers (SSN) for all owners.
Business Details: Name, address, formation state, and establishment date.
Contact a representative for a full list of required documents.
Opening my business checking account was a breeze. The user-friendly platform and helpful staff made the process smooth and efficient.
David L., Fremont, CA
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!
John P., Los Angeles, CA
Opening my business checking account was a breeze. The user-friendly platform and helpful staff made the process smooth and efficient.
David L., Fremont, CA
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!
John P., Los Angeles, CA
Discover a full range of financial solutions, from company savings accounts to business loans, tailored to meet your needs. SBIC Bank is a great choice for a business account, offering competitive rates and seamless services.
Checking accounts for every business size, including the flagship Quantum Business Checking for high-volume businesses.
CDs for every business size, including the flagship Quantum Business Checking for high-volume businesses.
Term loans, lines of credit, SBA loans, and commercial real estate financing for businesses.
Have questions about our business checking accounts or ready to get started in California or nationwide? Our business banking team is available by phone, in branch, or through our Virtual Branch.
877-707-1995
Monday – Friday, 8:00AM – 4:30PM PST
Click to connect with a representative via live chat, audio, or video.
Business accounts are opened in branch. Click here to find your nearest location.
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.
SBIC Bank 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 an SBIC 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?
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, the personal and small business online banking portal. For access to Business Online Banking, additional charges may apply. Please speak with one of our Branch Representatives or Relationship Officers for full details.
Stay connected with SBIC—your trusted financial institution for reliable business banking solutions.
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