Build your future with a savings account that works for you. Earn competitive interest, enjoy flexible access to funds, and grow your savings with confidence. Open an account today in California or nationwide and take control of your financial goals!
At SBI California, we offer a variety of savings accounts designed to help you meet your financial goals. Whether you're looking to build an emergency fund, save for a big purchase, or plan for the future, our accounts provide the flexibility, reliability, and tools to help you succeed.
No matter what you're saving for, our savings options are designed to help you reach your specific goals with ease and flexibility.
Whether you're building an emergency fund, saving for a large purchase, or planning for retirement, SBIC Bank has a savings account designed for your specific goal — not a one-size-fits-all product.
SBIC Bank's savings and CD products are designed to compete with the best online savings rates available, backed by the security of a California state-chartered, FDIC-insured bank.
Looking to grow your savings? With our Personal Savings Account, you can earn competitive interest rates to help your money grow faster. Enjoy the benefit of a variable interest rate that adjusts to market conditions, ensuring your savings stay competitive nationwide.
Whether you're saving for a short-term goal or long-term soundness, the Personal Savings Account is a great way to make your money work harder for you.
Opening a savings account with SBIC Bank is simple and hassle-free. Here's how you can get started:
Real stories from satisfied customers who trust SBIC for their banking needs:
"A very pleasant experience. The staff have been highly courteous and knowledgeable providing prompt service opening my bank accounts!! Highly recommend SBIC banking services."
Tuhin G., Sunnyvale
Real stories from satisfied customers who trust SBIC for their remittance needs:
"Excellent, very helpful, very friendly. Helped me to open a new account. Very pleasant experience.
Sinclair Gas & Carwash, Cerritos
One customer actually sent us a hand-written note to thank an employee:
"SBIC is lucky to have Al as an employee. Thank you for helping me with all my needs and requests!"
Rick L., Pleasanton
Real stories from satisfied customers who trust SBIC for their banking needs:
"A very pleasant experience. The staff have been highly courteous and knowledgeable providing prompt service opening my bank accounts!! Highly recommend SBIC banking services."
Tuhin G., Sunnyvale
Real stories from satisfied customers who trust SBIC for their remittance needs:
"Excellent, very helpful, very friendly. Helped me to open a new account. Very pleasant experience.
Sinclair Gas & Carwash, Cerritos
One customer actually sent us a hand-written note to thank an employee:
"SBIC is lucky to have Al as an employee. Thank you for helping me with all my needs and requests!"
Rick L., Pleasanton
At SBIC Bank, we offer a variety of banking products to meet your financial needs. In addition to our personal savings accounts, we offer:
Manage your day-to-day finances with an SBIC Bank checking account. Includes no-monthly-fee options for students and seniors.
Send money to India and internationally with zero transfer fees and same-day processing.
Visa debit cards, ATM access, and credit card options for everyday spending and travel.
Have questions about our savings accounts or ready to get started? Our team is available by phone, online, or at any of our branch locations.
Stop by any branch location for in-person assistance opening your savings account. Find a branch.
Connect with an SBIC Bank representative via live chat, audio, or video through our Virtual Branch — available anytime.
Yes, all funds in your Personal Savings Accounts, High-Yield Savings Accounts, and Money Market Accounts are FDIC insured, meaning they are protected up to $250,000 per depositor, per account type and per insured bank in the event of a bank failure.
The account carries a $10 monthly maintenance fee, which is waived when you maintain a minimum daily balance of $100.*
You can access your funds in Regular Personal Savings Accounts and High-Yield Savings Accounts at any time via:
For Money Market Accounts, you can also access funds via:
To maximize the interest earned on your savings account:
Interest rates for Regular Personal Savings Accounts are typically fixed and may be lower compared to High-Yield Savings Accounts. High-Yield Savings Accounts and Money Market Accounts usually offer variable rates that change with market conditions, but they are higher than regular savings rates.
A High-Yield Savings Account is a type of savings account that offers a higher interest rate than a regular savings account. The higher rate allows your savings to grow faster.
A Money Market Account is a type of savings account that offers higher interest rates than regular savings accounts and provides more flexible access to funds, including check-writing privileges in some cases.
A Personal Savings Account is a basic deposit account that earns variable interest on your balance while keeping your funds accessible anytime. It's ideal for building an emergency fund, saving for a short-term goal, or parking money you don't need in a checking account.
Interest on all savings accounts is typically credited monthly to your account balance. However, the frequency of interest payments can vary depending on the bank and account type.
There are typically withdrawal limits on Regular Personal Savings Accounts, High-Yield Savings Accounts, and Money Market Accounts. Federal regulations allow up to six withdrawals or transfers per month for savings accounts. Exceeding this limit may result in a fee or the account being converted to a checking account.
Yes, you can transfer funds between your Regular Personal Savings Account, High-Yield Savings Account, and Money Market Account through online banking or in-branch transfers.
Yes, you can upgrade your Regular Personal Savings Account to a High-Yield Savings Account or Money Market Account, depending on your savings goals and needs. Contact customer service or visit a branch for more information.
Yes, you can write checks from a Money Market Account. This is one of the benefits that differentiate MMAs from regular savings accounts.
You can deposit money into your savings account in several ways:
For assistance with any of your savings accounts, contact our customer support team by:
To close your Regular Personal Savings Account, High-Yield Savings Account, or Money Market Account, you can visit a branch or contact customer service. Ensure your balance is withdrawn and there are no pending transactions before closing the account.
The minimum deposit for a High-Yield Savings Account is usually higher than that of a regular savings account, typically around $1,000. Check the latest offers for specific details.
The minimum deposit for a Money Market Account typically starts at $500, although this can vary depending on the specific product and tier.
$25 is the minimum opening deposit required.
If you notice any suspicious activity, immediately contact customer service. Our team will help you resolve the issue and protect your account.
1APY refers to Annual Percentage Yield and is accurate as of 9/01/2025. Interest is compounded daily and paid monthly. Interest is calculated and accrued daily based on the daily collected balances in the account. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks). If you close your account before interest is credited, you will not receive the accrued interest. The account requires a minimum opening deposit based on tier and APY and is listed above. Rates may change at any time without prior notice, before or after the account is opened. Fees and charges may reduce earnings on the account. For further information about terms and conditions, see the Personal Banking Schedule of Fees and Charges and Terms and Conditions of Your Account, call toll-free 1.877.707.1995 or visit a location near you.
*Monthly maintenance fee of $10 is waived if you maintain the minimum balance requirement of $100
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