With Seacoast’s Certificate of Deposit accounts, you’ll safely earn interest on your business’ profits. Our CD accounts are safe, secure, and FDIC-insured, meaning you can rest assured knowing your money is safe, and on its way to helping you reach your goals.
Business CD Account Features:
Guaranteed Fixed Interest Rate for the Term of the CD
Multiple CD Terms Available
CD 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 having 25 percent or more beneficial ownership in the legal entity and one individual with significant managerial control.2
Fund Your Account
We'll need a bank account and routing number for your initial deposit.
Done!
Once your account is 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). Usually, banks, including Seacoast Bank, do not charge a monthly fee for CDs. CDs are also insured by the FDIC up to $250,000 per account.
How often do CDs pay out interest?
This will depend on the term of your CD. Some CDs pay out interest monthly, while others pay out semi-annually or annually, and some even pay out in full at the end of the CDs term.
Are CDs considered risky investments?
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 that changing over the course of the term of your CD. 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
Equal Housing Lender. Member FDIC. NMLS# 608046
