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Personal Savings Account at SBIC Bank

A straightforward savings account with competitive interest, low minimum deposit, and easy access to your funds. Open online today.

Open a Savings Account
LEVEL UP YOUR SAVINGS

Start Saving with SBIC Bank

The SBIC Bank Personal Savings Account is a simple, reliable way to build your savings, with a competitive variable interest rate, a $25 minimum opening deposit, and no monthly fee when you maintain a $100 minimum daily balance. Access your funds anytime through online banking, the SBIC Bank mobile app, ATMs, or any branch location.

BENEFITS AND FEATURES

SBIC Bank Personal Savings Account Features

Competitive Variable Interest

Competitive Variable Interest

Earn a competitive variable interest rate on your daily balance. Your savings grow with every dollar you deposit.

No Monthly Fee

No Monthly Fee

The $10 monthly maintenance fee is waived when you maintain a minimum daily balance of $100.*

Low Min Opening Deposit

Low Minimum Opening Deposit

Open your account with as little as $25; one of the most accessible savings account minimums available.

Easy Access to Funds Icon

Easy Access to Funds

Access your savings via online banking, the SBIC Bank mobile app, ATM, or any of our branch location.

Online & Mobile Banking

Online & Mobile Banking

Manage your savings account 24/7 through SBIC Bank's online banking platform and mobile app: check balances, transfer funds, and track your progress from any device.

ACCOUNT DETAILS

What to Expect from Your SBIC Bank Personal Savings Account

  • Minimum Opening Deposit: $25
  • Monthly Maintenance Fee: $10, waived with a $100 minimum daily balance*
  • Interest Type: Variable — rate adjusts based on market conditions. View current rates.
  • Account Access: Online banking, mobile app, ATMs, and branch locations.
  • Statements: eStatements available at no charge; paper statements may be subject to a fee.
  • Eligibility: Available to U.S. residents with a valid government-issued ID and Social Security Number.
WHY SBIC BANK

Why Choose SBIC Bank for Your Personal Savings Account?

Easy Account Set Up

  • Open online in minutes — no branch visit required.
  • $25 minimum opening deposit — one of the most accessible savings accounts available.
  • No monthly fee with a $100 minimum daily balance — simple, low-barrier requirement.*
  • Competitive variable interest rate — view current rates.


Security and Peace of Mind

  • Access via online banking, mobile app, ATMs, and branch locations — your money is always within reach.
  • FDIC-insured up to $250,000* — the full security of U.S. federal deposit insurance.
  • Backed by the strength of State Bank of India — trusted for over 40 years.
OPENING AN ACCOUNT

How to Open a Personal Savings Account at SBIC Bank

Opening a savings account with SBIC Bank is simple and hassle-free. Here's how you can get started:

Apply Online or Visit a Branch Icon

Apply Online or Visit a Branch

Complete the secure online application in minutes, or visit any branch location. 

Gather Your Documents Icon

Gather Your Documents

You will need a valid government-issued ID (driver's license, passport), proof of address (utility bill, lease agreement), and your Social Security Number (SSN) or Taxpayer Identification Number (TIN).

Make Your First Deposit Icon

Make Your First Deposit

Fund your new account to get started. Minimum deposit requirements vary by account type.

Start Saving Icon

Start Saving

Track your balance and manage your account anytime through SBIC Bank's online and mobile banking platform.

ADDITIONAL SAVINGS ACCOUNTS

Looking for More from Your Savings?

The Personal Savings Account is a great starting point. If you're looking for higher returns or more features, explore the rest of the SBIC Bank personal savings family.

Money Market Account Icon

Money Market Account

Earn tiered interest rates that grow with your balance, plus check-writing privileges and unlimited deposits. Ideal for savers who want higher returns with flexible access.

Premier High-Yield Savings Account Icon

Premier High-Yield Savings Account (Coming Soon)

A dedicated high-yield savings account designed to deliver competitive APY for customers looking to grow their savings faster. Stay tuned: launching soon.

Personal CDs Icon

Personal CDs

Lock in a competitive fixed rate with a certificate of deposit, available in a range of terms with a minimum deposit of $1,000. SBIC Bank's personal CDs rank among the most competitive CD rates nationwide.

Set Up Your Personal Savings Today

Have questions about the Personal Savings Account or ready to get started? Our team is available by phone, online, or at any branch location.

Contact Us

877-707-1995 

Monday – Friday

8:00AM – 4:30PM PST


Visit Us

Stop by any branch location for in-person assistance.

Virtual Branch

Connect with us via live chat, audio, or video through our Virtual Branch.

FAQs

About Personal Savings Accounts

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.

$25 is the minimum opening deposit required.

The account carries a $10 monthly maintenance fee, which is waived when you maintain a minimum daily balance of $100.*

The Personal Savings Account earns a competitive variable interest rate that adjusts based on market conditions. View the current rate on our Deposit Rates page.

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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