Contact Us for High Interest Business Savings and Money Market Accounts

Business Savings and Money Market

SBIC's Business accounts and services are smartly designed to give owners a rewarding banking experience. If you want a high fixed 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

 

Built-in account benefits:

  • Outstanding Interest Rates1
  • Low Minimum Initial Deposit Requirements
  • Easy to Avoid Monthly Service Fees
  • Free Online Banking2
  • Free eStatements
  • Best-in-class Customer Service
  • FDIC-Insured Up to Maximum Allowable Limits

Savings and Money Market Accounts:

Business Savings

Premium Business Money MarketBusiness Money Market
You prefer:

A smart basic savings plan offering interest-earning1 for businesses.

A premier interest-earning1 account with limited access to funds. A high interest-earning1 account with limited access to funds.

Minimum initial deposit:

$500 $100,000 $500

Monthly service fee:

$10 $10 $10
Waiving the service fee:

Maintain a $500 Minimum Daily Balance in this account

Maintain a $500 Minimum Daily Balance in this account

Maintain a $500 Minimum Daily Balance in this account

Transaction fees per month and account limitations:

Federal regulations allow Savings and Money Market accounts only six (6) electronic transfers or preauthorized withdrawals per month. In-person transactions have no limits.

A $10 fee will be assessed for each electronic transfer or preauthorized withdrawal that exceeds this limit.

For other transaction fees that may apply, please see the Business Banking Schedule of Fees and Charges.

 

 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

 

 

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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