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Florida Capital Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Florida Capital Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Florida Capital Bank was founded in 1985 with headquarters in Jacksonville, Florida. Florida Capital Bank handles assets of $417 million along with deposits totaling $273 million, which makes it a medium-size bank. Florida Capital Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 3.6 stars out of 5, Florida Capital Bank should be near the middle of the pack in your search for a bank. Florida Capital Bank has a diverse array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Florida Capital Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking account has a $15.00 monthly fee, which places it at the higher end of monthly fees. Institutions that offer free checking and a high interest rate savings account are your best bet for getting the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.6/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.7
SmartAsset Average: 3.5

Florida Capital Bank features a savings rate of 0.10%, which is poor compared to other U.S. banks. Its one-year CD earns at a rate of 1.45% and the five-year CD earns at a rate of 1.90%, while its highest-yielding money market account earns at an APY of 0.20%. Given Florida Capital Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Florida Capital Bank's Savings Rates Compare

Florida Capital Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

Florida Capital Bank has typically high fees compared to other U.S. banks. Its checking account has a monthly fee of $15.00, making it fair for anyone looking for a hassle-free account. Florida Capital Bank does not refund out-of-network ATM charges, which means you will be required to find a Florida Capital Bank ATM or accept the cost of withdrawal.

Monthly Fee $15.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.5
SmartAsset Average: 3.7

Florida Capital Bank is a brick-and-mortar bank, with eight total bank locations in Florida. With mobile and web apps, Florida Capital Bank makes mobile banking easy, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 6:00 p.m. ET. Florida Capital Bank's online and mobile banking platforms receive high praise from customers. The Florida Capital Bank mobile app is rated at 5.0 out of 5 (with 5 reviews on iOS and Android) compared to the national average of 3.8. You can utilize Florida Capital Bank's mobile app to manage your finances by monitoring monthly statements, transferring funds and reaching support representatives. Florida Capital Bank receives a superb consumer satisfaction rating based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 5.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.1
SmartAsset Average: 4.8

Florida Capital Bank is a medium-size bank and has assets totaling $417 million and deposits totaling $273 million. Florida Capital Bank's Texas Ratio is 18.19%, suggesting a tiny possibility of failure. Additionally, Florida Capital Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

18.19%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Florida Capital Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.15% APY $1
Certificates of Deposit
  • 12 Month: 1.45% APY
  • 24 Month: 1.60% APY
  • 36 Month: 1.70% APY
  • 48 Month: 1.80% APY
  • 60 Month: 1.90% APY
$2000 for all terms
Money Market Accounts 0.2% APY 0.2% APY $10000 $15000

Florida Capital Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Florida Capital Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Florida Capital Bank's CD rates are fair compared to the average U.S. bank.

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Find a Florida Capital Bank Near Me

Florida Capital Bank has eight physical locations in the U.S.

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