Compare Personal Savings Accounts

Individual Retirement Accounts (IRAs)

Anyone can start planning for their financial future, and it's never too early. IRAs, or Individual Retirement Accounts, are tax-advantaged, interest-earning savings accounts that help you save towards retirement.

You can open an IRA Savings Account for as little as a $100 initial balance. IRAs allow you to make additional contributions at any time, up to the IRS annual contribution limit for the year.

You can even optimize your savings by combining your current employer-sponsored savings plan, such as a 401K, with an IRA from Seacoast Bank.

Features

• Earns continuous interest
• A low $100 minimum opening balance requirement
• FDIC-insured retirement savings
• Tax-deferred retirement fund plans
• Potential to increase your investment options over traditional employer-sponsored savings plans

Who It's For

• Those with or without an employer-sponsored savings plan
• Individuals starting or expanding their retirement savings
• Those with long-term savings goals

Resources

• Planning for Retirement Early
• Retirement Financial Planning Tips
• How to Financially Plan for Retirement

Traditional Savings

Traditional Savings Accounts, like our Sail Into Savings or Seacoast Savings options, are one of the most popular interest-bearing deposit accounts. Seacoast's Traditional Savings Accounts have no minimum balance requirements and earn consistent amounts of interest, making them accessible and beneficial to anyone.

Traditional Savings Accounts also allow you to hold more than one savings account. This can be extremely beneficial to individuals who have multiple or separate savings goals.

Features

• No minimum balance requirement when required conditions are met
• Free Seacoast Bank Online & Mobile Banking¹ access
• Access to all 55,000+ Fee-Free Allpoint® ATMs²
• Free digital deposits

Who It's For

• Anyone looking to save money
• Those who would like to achieve short or long-term savings goals
• Those who like to have separate accounts for saving money

Resources

• Get to Know the 50/30/20 Rule
• 15 Easy Shopping Hacks to Maximize Your Savings
• Easy Tips for Making a Dynamic Household Budget

Money Market (MMAs)

Money Market Accounts (MMAs) combine Checking and Savings Account features, providing the best of both worlds. With an MMA, you can enjoy a higher earning potential while maintaining convenient access to funds.

Check-writing and Debit Card privileges come with Personal Money Market Accounts, as well as Overdraft Protection if a Checking Account is linked.

Features

• Tiered interest structure
• Higher earning potential than Traditional Savings Accounts
• Lower risk than Stocks and Bonds
• Overdraft Protection
• No monthly maintenance fee when the minimum daily balance is met
• Debit Card and check-writing capabilities

Who It's For

• Those who want the earning potential of a savings account with the flexibility and convenience of a checking account
• Individuals looking to earn a higher return on their deposit

Resources

• How Does a Money Market Account (MMA) Work?

Certificate of Deposit (CDs)

A Certificate of Deposit (CD) account involves a chosen initial deposit amount being held in the account for a set term length. Maturity Terms for CDs are flexible but often range from six months to five years.

CDs are a great option for those who enjoy guaranteed returns and have extra funds to deposit. CDs require you to keep your money deposited for the full length of time. Early withdrawal of funds can result in penalty charges.

At Seacoast Bank, we offer guaranteed annual interest rates for Certificate of Deposit Accounts. Certificate of Deposits can be used for multiple savings goals. Both short and long-term CDs are available. Automatic Renewal at the end of a CD term is an option as well.

Features

• Generous, competitive rates
• Guaranteed fixed annual interest rates
• Multiple terms available to fit savings goal needs

Who It's For

• Individuals who want to save with low-risk, guaranteed returns
• Those who prefer to not have access to extra funds due to spending habits

Health Savings Account (HSA)

Health Savings Accounts (HSAs) provide a tax-advantaged healthcare savings option. These accounts are available to individuals with high-deductible healthcare plans.

Qualifying individuals can open an HSA on their own or have one provided by their employer. HSA money can be used on qualifying medical expenses to offset healthcare expenses.

Contributions to Health Savings Accounts are generally tax-deductible. Withdrawals for non-healthcare expenses are subject to taxes and penalties. HSA contributions have annual limitations set by the Internal Revenue Service (IRS).

Features

• Tax-deductible contributions, up to the IRS annual contribution limit
• Tax-free withdrawals for qualifying health expenses
• Tiered interest rates
• Funds remain in HSA from year to year

Who It's For

• Individuals with high-deductible healthcare plans and qualifying healthcare expenses.
• Those who seek to offset their healthcare expenses.

Resources

• Health Savings Account - What You Need to Know

Minor Savings Account

Our Minor Savings Account allows your child to save their money while empowering them to build a brighter financial future.

Minor Savings Accounts can get your family started early on learning financial responsibility. There is no minimum balance requirement and no monthly service charge, so you have the flexibility to save as much or as little as you'd like.

Features

• Eligible for minors under 18 years old
• No minimum balance or maintenance fee for children ages 18 and under
• Earns consistent interest

Who It's For

• Individuals under 18 years old who would like to start saving
• Parents or Guardians of minors who would like to start their child's financial education early.

Resources

• Opening A Savings Account for a Minor
• How Parents Can Prepare Students for Financial Independence