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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.
*You may be charged fees by the provider of the wireless network you are using to access mobile banking and mobile deposit services.
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.
We'll need a bank account and routing number for your
initial deposit.
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.
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.
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.