Basic Business Checking
Designed for accounts with limited activity, Basic Business Checking is a simple business account. Avoid a minimum balance fee by having an average monthly collected balance of at least $2,000. This account allows you to:
Sole Proprietor and Nonprofit Interest Checking
Sole proprietors, nonprofits, and public agencies can take advantage of our interest-bearing Business and Nonprofit Interest Checking Account. With an average collected balance of at least $5,000, you can avoid a minimum balance fee. This checking account allows clients to:
Business Analyzed Checking
Businesses with a significant volume of monthly transactions receive a detailed analysis of their checking account activity on their monthly statements. In many cases, your balance will offset most, if not all, account fees. Other benefits of Business Analyzed Checking include:
Business Money Market
An interest-bearing account with flexibility, our Business Money Market account allows you to earn a competitive interest rate on your dollars. With an average collected balance of at least $5,000, you can avoid a minimum balance fee. With this product, you also receive:
Certificates of Deposit*
Choose from a variety of fixed rate Certificates of Deposit (CDs) with terms from seven days to five years.
With a minimum investment of $1,000, this investment vehicle allows your business the security of a guaranteed interest rate for a period of time that best fits your needs. The interest you earn can be reinvested in the CD, transferred to another Bank of San Francisco account, or paid by check to you at an interval you choose – monthly, quarterly, semiannually, or at maturity.
Flex Certificates of Deposit*
Have access to your money when you need it. Bank of San Francisco’s Flex CD allows you to enjoy the high rate of a traditional CD with the flexibility of a savings account.
With a minimum initial investment of $10,000, your business will earn interest on this investment at the prevailing interest rate for the life of the CD. However, if rates rise, you have the flexibility to increase the interest rate once before the stated maturity date. You also have unlimited flexibility to increase your CD and the flexibility to make a one-time withdrawal of up to 50 percent of your CD prior to maturity.
IOLTA Tiered Checking
Lawyers holding money in a trust or escrow on behalf of a client can apply for a tiered, interest-bearing checking account managed by the State Bar, the Interest on Lawyers’ Trust Account (IOLTA). Lawyers also enjoy the following benefits with IOLTA Tiered Checking:
Please contact us to speak with a specialist.
*Early withdrawal/closure penalties may apply.