Florida Business Savings Account

When it comes to business growth, every financial decision matters. A business savings account is a strategic tool that can help your small business secure its future while earning interest on your funds.

 

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Proudly serving Florida-based small businesses since 1926

Seacoast Business Savings Account Features:

Seacoast Bank’s business savings accounts offer a range of features for businesses big and small. Enjoy the flexibility, freedom and convenience a Seacoast business account can offer, including:

  • Tiered Interest Structure: Your savings earn interest, and the more you save, the more you gain with our tiered system.
  • Free Automatic Transfers: Simplify your finances by setting up automatic transfers from your Seacoast Business Checking account.
  • Paperless Banking: Manage your savings efficiently and reduce clutter with paperless banking options.
  • Online & Mobile Banking1: Enjoy free access to our online and mobile banking platforms, enabling you to monitor your account anywhere, anytime.

1. You may be charged fees by the provider of the wireless network you are using to access mobile banking and mobile deposit services.

What You Should Know:

While our accounts offer numerous benefits, there are a few important details to keep in mind:

  • Maintain a daily balance of $500 to avoid the $15 monthly maintenance fee.
  • You are permitted up to six withdrawals per quarter (excluding ATM and teller line transactions). Exceeding this limit incurs a $3 fee per transaction.

Opening your Seacoast Business Savings Account is Simple.

Setting up a business savings account with Seacoast Bank is straightforward and hassle-free. Follow these three steps:
Provide Your Information

We will need information such as your business address, phone number, email and Employee Identification Number (EIN) or Social Security Number (for sole proprietors). Documentation of ownership and managerial control may also be required.

Fund Your Account

Make your initial deposit using a bank account and routing number.

Submit Your Application

Once your account is set up, you will receive a confirmation and you can start saving immediately.

FAQs

How is a business savings account different from a personal savings account?

  • Business savings accounts are tailored to meet the needs of business owners. They allow you to separate personal and business finances, earn competitive interest and access features like automatic transfers and online banking tools that simplify business management.

What are the benefits of opening a business savings account?

  • A business savings account helps you prepare for unexpected expenses, save for future growth and earn interest on idle funds. At Seacoast Bank, you also benefit from tools that make managing your savings convenient and efficient.

Can I link my business checking account to my savings account?

  • Yes. Linking your Seacoast business checking account allows you to automate transfers, ensuring your savings grow without additional effort.

What's the benefit of setting up automatic transfers?

  • Automatic transfers make saving consistent and hassle-free, helping you grow your savings passively.

Can I use my savings account for payroll purposes?

  • Savings accounts aren’t ideal for payroll due to their limited withdrawals. For smoother transactions, a business checking account is ideal.

Can I earn higher interest rates with a larger balance?

  • Larger balances can earn you a higher interest rate. Check with your local branch for details on tiered interest rates.

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.

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Convenient & Secure Business Banking On The Go.

Access your business accounts from your mobile device anytime, anywhere using the Seacoast Mobile Banking app.

 

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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:
right team to serve you
Get you comfortable with the right products and the right team to serve you
Make your day-to-day banking simple
Make your day-to-day banking simple
Resolve out-of-the-ordinary items responsively
Resolve out-of-the-ordinary items responsively
Invest in you and your community
Invest in you and your community