Seacoast's business money market accounts are tailored for small businesses in Florida, offering:
Higher interest rates than most traditional business savings accounts
FDIC-insured protection for your funds
Easy access to funds with check-writing privileges
Overdraft protection when linked to a Seacoast Business Checking Account
Lower risk than stock market investments, making it an ideal choice for conservative business growth
Essential Benefits for Small Businesses
A Seacoast Business Money Market Account offers a tiered interest structure to ensure your Florida business maximizes savings potential. Maintain a daily balance of $2,500 to waive the $15 monthly fee and enjoy up to 6 free withdrawals per statement cycle. Any excess withdrawals will incur a $10 fee.
How to Open Your Business Money Market Account
Gather Business Information:
We'll need the business tax ID number, 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 identify one individual with significant managerial control.
Fund Your Account:
For your initial deposit, you’ll need to provide a funding bank account and routing number where the initial funds can be drawn from via ACH transfer. (Estimated at 2-5 business days, if all account information is validated.)
Visit a Seacoast Branch:
A Seacoast banker will help you get your account set up and send you a confirmation via email and online banking portal. Once set up, your account is ready to start earning interest.
A Business Money Market Account typically offers higher interest rates than a standard business savings account and includes check-writing privileges, providing more flexibility while growing your savings.
Interest rates for Seacoast Business Money Market Accounts are tiered, which means the more you save, the higher the rate you can earn. Contact your local branch for the latest rate information.
Yes, Seacoast Business Money Market Accounts come with check-writing privileges, allowing you to access your funds with ease.
Yes, Seacoast Business Money Market Accounts are FDIC insured up to allowable limits, giving you peace of mind that your business’s funds are protected.
You can make up to six withdrawals per statement cycle without incurring fees. Any additional withdrawals will incur a fee of $10 per month.
Connect with a Local Banker about Business Money Market Accounts.
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.
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