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Seacoast Commerce Bank Review

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Seacoast Commerce Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Seacoast Commerce Bank first started operating in 2003 and its headquarters are located in San Diego, California. It manages assets of $939 million as well as $723 million in deposits, which makes it a medium-size bank. Seacoast Commerce Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at an average 3.9 out of 5 stars, Seacoast Commerce Bank proves it is a respectable bank that deserves your consideration. Seacoast Commerce Bank has a mixture of product offerings, including savings accounts, checking accounts, money market accounts and CDs. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Seacoast Commerce Bank's ordinary checking account does not have a monthly fee. Locating an institution with no-fee checking and a high savings APY is the best option for gaining the highest income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

Seacoast Commerce Bank features a savings rate of 0.05%, which is poor in comparison to the national average. Seacoast Commerce Bank's one-year and five-year term lengths CDs earn at a rate of 0.30% and 1.21%, respectively, while its highest-yielding money market account earns at a rate of 0.05%. Given Seacoast Commerce Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How Seacoast Commerce Bank's Savings Rates Compare

Seacoast Commerce Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Seacoast Commerce Bank charges its customers extremely low fees compared to other U.S. banks. Seacoast Commerce Bank's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Seacoast Commerce Bank does not reimburse out-of-network ATM charges, which means you'll need to search for a Seacoast Commerce Bank ATM or accept the cost of withdrawal.

Monthly Fee $0 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

SmartAsset Average: 3.7

Seacoast Commerce Bank is a brick-and-mortar bank, with nine total bank locations in Arizona and California. It also offers access to mobile and web apps for straightforward access and banking on the go. You can utilize Seacoast Commerce Bank's mobile app to control your funds by reviewing current statements, sending and receiving funds and accessing customer service. Seacoast Commerce Bank gets an outstanding consumer satisfaction rating based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

Seacoast Commerce Bank is currently a medium-size bank owning $939 million in assets as well as $723 million in deposits. Seacoast Commerce Bank has an excellent Texas Ratio of 1.47%, suggesting a negligible probability of failure. Additionally, Seacoast Commerce Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Seacoast Commerce Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.65% APY
  • 48 Month: 0.85% APY
  • 60 Month: 1.21% APY
$10000 for all terms
Money Market Account 0.05% APY $2500

Seacoast Commerce Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Seacoast Commerce Bank does not have the best savings rate, which means you should consider looking elsewhere 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. Seacoast Commerce Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Seacoast Commerce Bank Near Me

Seacoast Commerce Bank has nine physical locations in the U.S.

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