Business Savings and Money Market

Maximize your Business Savings with SBI California. SBIC's Business accounts and services are smartly designed to give owners a rewarding banking experience. If you want a high rate of return, the option to bank online and in-person, and the flexibility to access cash when you need it, our Business Savings and Money Market accounts are the right choice for you and your company.

A variety of account options to fit your savings goals

Business Savings
Premium Business Money Market
Business Money Market

All of our Savings and Money Market Accounts Include:

Interest Earning1: Grow your business savings with competitive interest rates.
Online Banking2: Manage your accounts, transfer funds, and pay bills conveniently online.
Mobile Banking: Access your savings on the go with our user-friendly mobile app.
Debit Card: Enjoy the flexibility of a debit card for easy withdrawals and purchases.
eStatements: Receive your account statements electronically, saving time and paper.

Account Comparison

Choose the best account for your needs	Business Savings	Premium Business Money Market	Business Money Market
Ideal for	Businesses looking for a smart basic savings plan	Businesses looking to maximize interest earning and requiring limited access to funds	Businesses looking to maximize interest earning and requiring limited access to funds
Minimum Initial Deposit	$500	$500	$500
Monthly Service Fee	$10	$10	$10
Maintain a Daily Minimum Balance of to Waive the Monthly Fee	$500	$500	$500
Account Transactions per month and transaction fees	Six $10 fee will be charged for each transaction more than 6 per month	Six $10 fee will be charged for each transaction more than 6 per month	Six $10 fee will be charged for each transaction more than 6 per month

The information you'll need to apply

Business documentation such as organizing documents, filing documents, articles of incorporation, and/or certificate of resolution.
Business Tax ID Number (TIN)
The Social Security Number (SSN), address, and date of birth of all business owners
Name and address of the business
The state in which the business was formed
Date the business was established

FAQ's

1. What is the difference between a Business Savings account and a Business Money Market account?

While both accounts offer competitive interest rates, a Business Money Market account may offer slightly higher returns. It’s ideal for businesses that require limited access to withdrawals while seeking potentially better earnings.

2. How often are interest payments made on Business Savings and Money Market accounts?
Interest is typically credited monthly, calculated on the daily collected balance, and compounded daily. Please refer to your account agreement for detailed terms.

3. Are there any fees associated with Business Savings and Money Market accounts?
Yes, there is a $10 monthly service fee for both Business Savings and Money Market accounts. Additionally, a $10 fee applies for each transaction beyond the monthly limit of six.

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.

Deposit Rates

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