Seacoast’s Business Certificate of Deposit (CD) accounts are designed to help small businesses in Florida reach their goals, safely and securely.
With flexible term options, great rates and FDIC insurance, you can rest easy knowing your investments are contributing to your business’ success.
Open your business CD account with Seacoast today.
Business CD Account Features:
Guaranteed Fixed Interest Rate for the Term of the CD
Multiple CD Terms Available
May Offer Higher Interest Rates Than Other Savings Options
Online & Mobile Banking*
*You may be charged fees by the provider of the wireless network you are using to access mobile banking and mobile deposit services.
Things You Should Know:
Early withdrawal penalties apply. With the maturity period of one year or less, the penaltyequalsthe loss of simple interest for three months. With the maturity period greater than one year, the penalty equals the loss of simple interest for six months.
Your business CD account is automatically renewable.
Opening Your Business CD Account Online is Simple.
Provide Your Info
We'll need the business address, phone, email, date of birth and Social Security number (or taxpayer ID) for each individual that has 25 percent or more beneficial ownership in the legal entity and one individual with significant managerial control.
Fund Your Account
We'll need a bank account and routing number for your initial deposit.
Submit
Once your account has been set up, you’ll be ready to start saving.
A CD, which stands for Certificate of Deposit, is a specific type of savings account that has a fixed interest rate and a fixed withdrawal date (maturity date). Just like with personal CDs, Seacoast Bank does not charge a monthly fee on our Business CD accounts. CDs are also insured by the FDIC up to $250,000 per account.
How often do CDs pay out interest?
Interest earnings depend on the term of your Business CD. Some CDs pay out interest monthly, while others pay out semi-annually or annually. Some CDs even pay out in full at the end of the term.
Are CDs considered risky investments?
Just like personal CDs, business CDs are known for their stability. Because CDs are insured by the FDIC up to $250,000 per account, they are considered a low-risk investment. Additionally, you lock in your interest rate, so there is no chance of the rate changing over the CD term. One of the only risks associated with the CD is the penalty against early withdrawal, so an important thing to consider is the ability to put that amount of money away for the entire term of the CD.
Connect with a Local Banker.
Are you interested in contacting a local, Florida banker to discuss your individual financial needs? We’d love to speak with you. Schedule a consultation today.
Access your business accounts from your mobile device anytime, anywhere using the Seacoast Mobile Banking app.
Our Four Promises.
At Seacoast Bank, everything we do is based upon core beliefs summarized in the Four Promises we make to you. When you entrust your banking to us, we promise to:
Get you comfortable with the right products and the right team to serve you
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