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SBIC offers some of the best 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 - One of the top business bank accounts with best bank savings account interest rates meant for your convenience.
Our business savings accounts deliver flexibility, convenience, and financial growth:
| 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 |
SBI-CA is the best bank to open a business account for reliable and rewarding financial solutions. Here's why:
At SBI-CA, we aim to be the best bank for small business accounts by offering flexible, high-value options. This helps you choose the best business savings account based on your needs:
Ideal for basic savings with simple access.
Suited for higher returns with limited transactions.
SA solution for maximizing interest earnings.
As one of the best banks for business accounts, SBI-CA ensures transparency, affordability, and convenience.
| 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 |
Opening an account with SBI-CA, the best bank to set up a business account, is simple and hassle-free. Here's what you'll need:
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!
Yes, both accounts have a $10 monthly service fee. Transactions are limited to six per month, and there is a $10 fee for each additional transaction.
Interest is credited monthly, calculated daily on the collected balance, and compounded daily. Check your account agreement for complete details.
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. SBI-CA is the best bank for a business account to make this process easy and efficient.
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.
SBI-CA 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.
Discover a full range of financial solutions, from company savings accounts to business loans, tailored to meet your needs. SBI-CA is the best bank for a business account, offering competitive rates and seamless services.
Locate an SBI-CA branch close to you for personalized support and convenient banking services.
1 Interest 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.
2 Standard 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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