Business Checking, Money Market, Savings, and CD
Innovative Banking for Modern Businesses
A complete banking relationship — built around your business.
Every business has different banking needs — and those needs change as the business evolves. At New Omni Bank, our business deposit suite is designed to meet you where you are, and grow alongside you.
What stays constant is the relationship. Every account — from a first business checking account to a sophisticated money market reserve — is backed by a dedicated Relationship Banker who knows your business, understands your goals, and is available when it matters.
Deposits Larger than the FDIC Coverage Limit?
We offer business MMA, DDA, and CD that help you access multi-million-dollar aggregate FDIC insurance through network banks.
Find the right account for your business.
Not sure where to start? These prompts will point you in the right direction.
"I need a reliable checking account for daily operations."
If you’re a newer business or a small business owner looking for straightforward day-to-day banking with a low minimum and manageable fees, start here.
"My business has outgrown basic checking. I need more."
If your business manages higher transaction volumes, needs multi-user online banking access, or requires ACH origination as a standard capability — this is your account.
“I want to set aside reserves and earn interest alongside checking.”
If you want to separate operating cash from reserve funds, earn tiered interest, and keep funds accessible — this works alongside your checking account.
"I have larger balances and want to put them to work at a higher yield."
If your business maintains significant cash reserves and wants to earn a competitive tiered return without locking funds away — this is designed for you.
"I have excess funds and want to lock in a fixed rate."
If your business has cash that can be set aside for a fixed term — without needing access to it — a Business CD offers a guaranteed rate for the duration, with no market risk.
Five Accounts. One Relationship.
Business deposit solutions designed to support every stage of your business.
Entrepreneur Business Checking
Simple, supportive banking for the business you're building.
- Open with $500
- Monthly fee waived with $2,000 avg. daily balance
- Single user online banking included
Elite Business Checking
For established businesses that need banking built around their complexity.
- Open with $1,000
- Monthly fee waived with $5,000 avg. daily balance
- Multiple users with approval controls
- Unlimited check writing
- ACH Origination included
Business Savings
Build reserves alongside your checking — and earn tiered interest while you do.
- Open with $1,000
- Monthly fee waived with combined avg. daily balance
- Tiered variable interest rate
- Requires linked checking account
Business Money Market
Put serious balances to work — without sacrificing access or control.
- Open with $1,000
- Monthly fee waived with $10,000 avg. daily balance
- Tiered variable interest rate
- Multiple users with approval controls
Business CD
Lock in a guaranteed return on funds you won't need right away. Ideal for longer-term reserves and capital preservation.
- Competitive fixed rates
- Terms from 3 to 36 months
- FDIC insured up to applicable limits
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.
Frequently Asked Questions
1. How do I choose the right business deposit account?
The right starting point depends on where your business is today.
- If you’re a newer business owner looking for simple, affordable daily banking, Entrepreneur Business Checking is designed for you.
- If your business manages higher transaction volumes or needs multi-user banking access, Elite Business Checking is the better fit.
- For reserve-building alongside your checking account, Business Savings earns tiered interest while keeping funds accessible.
- For larger balances that need to work harder, Business Money Market delivers tiered interest with full banking access.
Your Relationship Banker can walk you through the options and help you find the right fit — or the right combination.
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 at New Omni Bank. The monthly maintenance fee waiver for Business Savings is also calculated on a combined average daily balance across both accounts.
3. Can I have more than one of these accounts?
Yes, and many of our business clients do. A common structure is a checking account for daily operations, a Business Savings account for operating reserves, and a Business Money Market or Business CD for longer-term cash. Your Relationship Banker can help you determine the right combination for your business.
4. What do I need to open a business deposit account?
Requirements vary depending on your business structure — sole proprietorship, partnership, LLC, or corporation. Generally you will need government-issued identification, your business formation documents, and your Employer Identification Number (EIN) or Social Security Number. Speak with a Relationship Banker or visit any of our branches for a complete list of requirements.
5. What is the FDIC coverage limit for business accounts?
Deposits at New Omni Bank are insured by the FDIC up to $250,000 per depositor, per insured bank, for each account ownership category. Businesses with larger balances may wish to speak with their Relationship Banker about structuring options. For more information, visit fdic.gov.
Let’s Talk About Your Business
Not sure which account is right for you? A Relationship Banker will help you find the right fit — and be there long after the account is open.
- 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.
Account features, fees, and requirements are subject to change. Minimum opening deposits, monthly maintenance fees, fee waiver thresholds, interest rates, and Annual Percentage Yields (APY) are subject to the terms and conditions of each account. Interest rates on Business Savings and Business Money Market accounts are variable and may change after account opening without notice. Business Savings must be opened and maintained with an Entrepreneur Business Checking or Elite Business Checking account. The monthly maintenance fee waiver for Business Savings is based on a minimum combined average daily balance of $4,500 with Entrepreneur Business Checking or $7,500 with Elite Business Checking. Business Money Market average daily balance requirement is based on each account individually and cannot be combined with balances in other accounts. Business Savings and Business Money Market accounts are limited to 10 debit transactions per statement cycle; a $10 fee applies for each transaction exceeding this limit. Some services require enrollment and may be subject to additional fees. Please refer to the Business Banking Product Features and Schedule of Fees for complete details. Deposits are insured by the FDIC up to $250,000 per depositor, per insured bank, for each account ownership category. Member FDIC.
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