Personal Money Market

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Money Market Accounts: Pay Bills & Earn Higher Interest Rates

The flexibility you need with the higher earning potential you deserve. Enjoy competitive rates coupled with convenient features with a Money Market Account in Florida from Seacoast Bank. A Money Market Account offers higher interest rates than a savings account with the added ease of checking account privileges.

A Money Market Account Without Surprises
  • 6 withdrawals permitted per statement cycle; any in excess will incur a $10 fee per month
  • Tiered interest structure
  • No monthly maintenance fee ($15) when you maintain a minimum daily balance of $2,500

Benefits of a Seacoast Money Market Account

  • Higher Interest Rates: Unlock competitive Money Market rates designed to earn you more with higher rates and compounding interest
  • FDIC Insurance Coverage: Seacoast Bank is insured by the FDIC, protecting your funds from loss
  • Check-Writing and Easy Fund Access: Unlike traditional Savings Accounts, Money Market Accounts provide access to checks, a Debit Card and six withdrawals per statement (excluding ATM and teller line)
  • Free Online & Mobile Banking1: Convenient and secure platform for managing your finances.

 

How to Open a Money Market Account

  1. Gather Your Info: We'll need your address, phone, email and Social Security number (or taxpayer ID).
  2. Fund Your Account: We'll need a bank account and routing number for your initial deposit.
  3. Done: We'll send you a confirmation email. Watch the mail for your debit card and checks.
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Enjoy these standard features with all of our accounts:

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Allpoint® ATMs

Get cash fee-free at 55,000+ Allpoint® ATMs worldwide2. These ATMs are available for cash withdrawals and balance inquiries at retailers including CVS, Target, Walgreens, WaWa and more.
Find an Allpoint® ATM location »

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Protection You Can Trust

Security is our top priority and substantial measures are in place at Seacoast Bank to protect your identity and your accounts against theft and personal fraud.

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Mobile Deposit

Deposit a check anywhere, anytime using the Seacoast Mobile Banking app on your smart device.

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Free Online & Mobile Banking

Our online and mobile banking options are fast, convenient, and secure. Pay bills, transfer money, check your balance, and more anytime, anywhere.

Comparing Money Market Accounts to Other Savings Options

To determine the best savings option for you, consider your savings goals. How long will it take to achieve the desired amount? Monthly fees and minimum daily balance amounts for each account should also be considered.

Traditional Savings Accounts earn interest at lower rates with less accessibility to funds. This may be preferred for individuals that are inclined to spend more. Money Market Accounts may be more beneficial for those with short-term savings goals that want a greater return on interest.

To compare personal Savings Account options at Seacoast Bank, use our Savings Account Comparison Tool or speak with one of our financial advisors.

 

FAQs

Who should open a Money Market Account?

  • Money Market Accounts offer higher earning potential with low risk, which makes them ideal for shorter or long-term savings goals. They are diverse accounts that suit most savings needs.

Is there a monthly maintenance fee?

  • The monthly maintenance fee of $15 is waived when you maintain a minimum daily balance of $2,500.

What is a Money Market Account?

  • A Money Market Account (MMA) is similar to a savings account but with the flexibility of certain checking account features. This type of account has higher earning potential than traditional savings accounts to help your money grow faster. The more money you deposit, the greater the earning potential. MMAs also offer check-writing and debit card withdrawal features.

How is the interest rate on a Money Market Account determined?

  • The interest rate on an MMA is determined by the bank and current market conditions. Seacoast Bank offers competitive rates that may fluctuate over time.

Are Money Market Accounts FDIC-Insured?

  • Yes, Seacoast's Money Market Accounts are FDIC-insured up to the maximum allowed by law.

Can I write checks from my Money Market Account?

  • Yes, Money Market Accounts allow limited checking privileges, typically up to six transactions per month, including checks, transfers and withdrawals. Any excess will incur a $10 fee per month.

How do I access funds in my Money Market Account?

  • You can access your funds through check-writing, ATM withdrawals, online transfers and debit card purchases.

Can I link my Money Market Account to other accounts?

  • Yes, you can link your MMA to other accounts for easy transfers and management through Seacoast Bank's Online and Mobile Banking services.

Have Questions? Speak with a Seacoast Banker

As your local banking option, we are here to answer any questions you have. Fill out the form below and a Seacoast Banker will be in touch soon.
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1. You may be charged fees by the provider of the wireless network you are using to access mobile banking and mobile deposit services.
2. No Fees at Allpoint-logo ATMs. Worldwide includes the USA, United Kingdom, Canada, Australia, and Mexico.