Business Savings

Your business reserves, earning interest — with bankers available when it matters.

Building financial reserves takes discipline. At New Omni Bank, Business Savings is designed to support that discipline as part of your broader banking relationship — helping you separate reserve funds from daily operating cash, earn interest on your balances, and maintain access when opportunities or future needs arise.

This is not a standalone account. Business Savings is designed to work alongside your Entrepreneur Business Checking or Elite Business Checking account — as part of a complete business banking relationship at New Omni Bank.

Business Savings Account Overview

Designed For

Businesses that want to build reserves, earn interest, and keep funds accessible as part of a broader banking relationship.

Minimum Opening Deposit

$1,000

Checking Account Requirement

Must be opened and maintained with an Entrepreneur Business Checking or Elite Business Checking account.¹

Monthly Maintenance Fee

$10, waived with a minimum combined average daily balance¹˒² of $4,500 with Entrepreneur Business Checking, or $7,500 with Elite Business Checking.

Interest

Tiered variable interest rate.³ Ask us for the current rate sheet.

Online Banking User Access

Single or multiple users, depending on linked checking account.¹

Debit Transactions

10 per statement cycle included.⁴

Your balance earns interest. Your banker earns your trust.

Business Savings helps your reserve funds stay productive while remaining accessible when opportunities or unexpected expenses arise.

As your balances grow, your Relationship Banker can help you evaluate whether Business Savings remains the right fit or whether a Business Money Market account may better support your goals.

Access to Your Reserves

The following are included in your account at no additional charge.

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Incoming ACH Credits

Receive electronic payments directly into your account.

Whether it's a client paying an invoice, a customer's recurring payment, or a vendor settlement, there's no waiting for a check to clear.

A young woman depositing check by phone in the café.

Mobile Deposit Capture

Deposit eligible checks without visiting a branch by simply snapping a photo of it from your phone.³

Useful when you’re at a job site, meeting a client, or simply can’t step away from the business.

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Domestic Check Deposits

Deposit checks into your account at any of our branches in Alhambra, Arcadia, Irvine, or Rowland Heights.

Prefer to stay at your desk? Remote Deposit Capture lets you deposit from an office scanner instead.⁴

A banker standing in front of a New Omni Bank branch counter, greeting his clients who walk into the branch to deposit checks.

Fund Transfers Within New Omni Bank Accounts

Move money between your New Omni Bank accounts.

Whether you’re funding a Business Savings reserve, topping up for payroll, or balancing across accounts at the end of the month.

Incoming Domestic Wires

Receive funds quickly and securely from anywhere in the U.S.

Common for real estate closings, large client payments, or intercompany transfers where speed and certainty matter.

Features & Benefits

The tools your business needs — available through online banking, mobile banking, and your Relationship Banker.

Online & Mobile Banking

View balances, statements, deposit images, cash flow projections,⁵ and account activity through Business Online Banking.⁶

Access your account and monitor activity from wherever business takes you.

Built for Business Reserves

Business Savings is designed to work alongside your checking account.

Set aside reserves, keep them separate from operating cash, and watch your balance grow with purpose.

A Path to Business Money Market

When larger balances begin to accumulate, you may be ready for a higher-yield deposit solution.

Ask your banker about Business Money Market.

Your Relationship Banker

Your Relationship Banker can help you incorporate Business Savings into your broader cash management strategy.

Whether you’re building reserves or preparing for future opportunities, we’re here to help.

Why New Omni Bank

For over 45 years, New Omni Bank has helped Southern California businesses build, grow, and succeed. We believe banking is strongest when it’s built on relationships, local knowledge, and responsive service.

Rooted in Southern California

With branches in Alhambra, Rowland Heights, Arcadia, and Irvine, we are where you are. Our bankers understand this market because they live and work here too.

Your Banker, Not a Queue

Your Relationship Banker understands that strong businesses are built on preparation. Whether you’re building reserves for future growth or maintaining a financial cushion, we’re here to help you plan ahead.

Local Decisions, Personal Service

As a community bank, we focus on building long-term relationships and making decisions close to the businesses we serve.

Frequently Asked Questions

1. Why do I need a Business Savings account?

A Business Savings account helps separate reserve funds from your day-to-day operating cash.

Whether you’re setting aside money for taxes, future equipment purchases, expansion plans, or unexpected expenses, keeping reserves in a dedicated account can help you stay organized while earning interest on your balance.

2. Do I need a Business Checking account to open Business Savings?

Yes. Business Savings must be opened and maintained alongside an Entrepreneur Business Checking or Elite Business Checking account. This allows your accounts to work together as part of a broader business banking relationship, with convenient fund transfers and online banking access.

3. When should I consider a Business Money Market account instead?

Business Savings is designed for businesses building reserves while maintaining easy access to funds. If your reserve balances grow and you’re looking to earn a higher yield, a Business Money Market account may be a better fit. Your Relationship Banker can help you determine which option aligns best with your business goals.

Let’s Talk About Your Business

Speak with a Relationship Banker to find out whether Business Savings is the right fit — and how it works alongside your existing or new business checking account.

Phone: (626) 626-9850
Email: contact@newomnibank.com
In Person: Visit any New Omni Bank branch

For your security, please avoid sharing sensitive or confidential information in your message.

Business Savings Account Requirement: Business Savings must be opened and maintained with an Entrepreneur Business Checking or Elite Business Checking account. The monthly maintenance fee is waived with a minimum combined average daily balance of $4,500 with Entrepreneur Business Checking or $7,500 with Elite Business Checking. If the linked checking account is closed and the Business Savings account remains open, the monthly maintenance fee is waived with a minimum average daily balance of $2,500 in the Business Savings account. Online Banking User Access follows the linked checking account. Entrepreneur Business Checking includes a single user, while Elite Business Checking supports multiple users with approval controls.
Average Daily Balance (ADB): The average daily balance is calculated by taking the aggregate daily account balance and dividing by the number of calendar days in the statement cycle.
Interest-bearing accounts: Interest rate and Annual Percentage Yield (APY) are variable and may change after account opening without notice. Interest is calculated using the daily balance method. APY assumes interest remains on deposit; withdrawals may reduce earnings. If the account is closed before interest is credited, accrued interest will not be paid. Please ask your banker for current rates, balance tiers, and APY information.
Business Savings Transaction Limitation: Limited to 10 debit transactions from the account per statement cycle of at least a four (4) week period. A $10 fee applies for each transaction that exceeds this limit.
Mobile Deposit Capture: Subject to approval.
Financial Planning Tools: Cash flow forecasts are estimates based on available account information and are provided through Geezeo for planning purposes only. Actual results may vary.
Business Online Banking and Treasury Management Services: Please refer to the Treasury Management Services Master Agreement and related service descriptions for details regarding Business Online Banking, Funds Transfer Service, ACH Origination, Remote Deposit Capture, and Check/ACH Positive Pay.