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Seaside National Bank & Trust Review

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Seaside National Bank & Trust Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 2006, Seaside National Bank & Trust has $2 billion in assets as well as $1 billion in deposits, making the institution a large bank. Seaside National Bank & Trust, whose headquarters are in Orlando, Florida, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated Seaside National Bank & Trust 4 stars out of 5, which means it is a respectable bank that you should consider. Seaside National Bank & Trust provides customers with a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Using an institution with free checking and a high savings APY is the best option for returning the highest income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

4.7
SmartAsset Average: 3.5

With a savings rate of 0.50%, Seaside National Bank & Trust ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 2.10% and the five-year CD earns at a rate of 2.75%, while its highest-yielding money market account has a rate of 0.70%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.

How Seaside National Bank & Trust's Savings Rates Compare

Seaside National Bank & Trust Savings 0.50 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Seaside National Bank & Trust's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

2.5
SmartAsset Average: 3.7

Seaside National Bank & Trust is a brick-and-mortar bank, with 14 total branches in Florida. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 9:00 a.m. to 5:00 p.m. ET. You can utilize Seaside National Bank & Trust's mobile app to manage your finances by checking monthly statements, sending and receiving funds and reaching support representatives. Seaside National Bank & Trust receives a superb consumer satisfaction rating based on comparatively few complaints filed with 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

4.9
SmartAsset Average: 4.8

Seaside National Bank & Trust ranks as a large bank with assets totaling $2 billion as well as deposits totaling $1 billion. Seaside National Bank & Trust has an excellent Texas Ratio of 3.97%, indicating that the bank is in terrific financial health and far from failure. Additionally, Seaside National Bank & Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.97%
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 Seaside National Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $2500
Checking Account 0.4% APY $2500
Certificates of Deposit
  • 12 Month: 2.10% APY
  • 24 Month: 2.30% APY
  • 36 Month: 2.40% APY
  • 48 Month: 2.50% APY
  • 60 Month: 2.75% APY
$2500 for all terms
Money Market Accounts 0.6% APY 0.7% APY $10000 $15000

Seaside National Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Seaside National Bank & Trust 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. Seaside National Bank & Trust's CD rates are fair compared to other U.S. banks.

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Find a Seaside National Bank & Trust Near Me

Seaside National Bank & Trust has 14 branches in the U.S.

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