Accounts / Services
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ATM Rebate Checking
Your checking account is an important tool in managing your finances and Convenience has long been a critical factor in selecting a bank. At The Bank of Santa Barbara, our ATM Rebate Checking Account pays interest with a minimum balance of $3,000, and best of all, you get FREE access to over 800,000 ATMs worldwide!
We want to make banking with The Bank of Santa Barbara a convenient as possible, so no need to look for a branded branch; we will refund ATM access fees from other banks, around the globe. You just find any bank ATM and get your cash and we will pick-up the access charges.
Money Market with Checking
Enjoy the freedom of check writing* while earning competitive interest rates with a Money Market with Checking Account. The Bank of Santa Barbara Money Market Checking Account is designed for our clients that want their money to work as hard as they do. With two alternatives to choose from, you can select the product that best fits your needs. You can earn a competitive interest rate by opening a standard Money Market Checking Account with just $5,000 or take advantage of our High Yield Tiered Account, with rates that increase as your balances increase, with an opening balance of $50,000. With either account, you'll receive an easy-to-read statement of your account activity each month and can even enjoy the added benefit of an ATM/Debit Card. Tie your Money Market with Checking Account to your ATM Rebate Checking Account and automatically sweep excess funds over a target balance you set, into your Money Market with Checking Account. Or use your Money Market with Checking Account as overdraft protection on your ATM Rebate Checking Account*.
Individual Retirement Account (IRA)
The Bank of Santa Barbara can help you build for your future with an Individual Retirement Account. An IRA from The Bank of Santa Barbara is one of the best ways to realize tax advantage savings while supplementing your other retirement income sources. It’s an option for individuals already saving for their retirement and desiring the advantages of a tax-deferred savings vehicle. IRA CDs are available in various terms with premium rates for longer terms.
Health Savings Accounts
Individuals - The Bank of Santa Barbara Health Savings Accounts (HSA) provide individuals with a smart way to save money to help pay for their current and future qualified medical expenses on a tax-free basis.
Businesses - As a business owner, you can offer an HSA-eligible health plan and compete with companies to attract and retain good employees. When you turn to The Bank of Santa Barbara to make available HSAs for your employees, you give your employees a way to earn tax-free dollars on account contributions made by you, your employees, and any other person on their behalf. These contributions help your employees pay for qualified medical expenses on a tax-free basis.
The Bank of Santa Barbara makes available the Health Savings Account as a custodian only. The HSA is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code Section 223. However, the account beneficiary that establishes the HSA is solely responsible for ensuring that he/she satisfies the Health Savings Account eligibility requirements set forth in Section 223. If an individual/employee establishes a Health Savings Account and he/she is not otherwise eligible, he/she will be subject to adverse tax consequences. In addition, an employer who makes contributions to a Health Savings Account of an ineligible individual may also be subject to adverse tax consequences. We recommend that HSA applicants and/or employers contact qualified tax or legal counsel before establishing a Health Savings Account.
Go Green! Sign up for Online Statements and help the environment while making your life easier. With The Bank of Santa Barbara e-statement, you don’t have to wait for the mail. Instead, you receive email alerts when your statements are available for your review. You can also leave the filing, organization, and record-keeping to us. We keep up to 18 months of your statements organized and easily accessible from wherever you have internet access. And, it is more secure. Less financial information in your mailbox reduces your risk of identity theft. Almost 85% of identity theft cases start with stolen paper statements, bills, or checks. On average, it is twice as fast to detect fraud by monitoring accounts electronically as it is via paper statements. Online statements are password protected and encrypted on our secure online banking platform. When you stop your monthly paper checking or savings account statements, you can help the environment by reducing paper consumption, and best of all, they're free!