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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

Seaside National Bank & Trust was founded in 2006 and is headquartered in Orlando, Florida. It handles $2 billion in assets as well as deposits totaling $1 billion, ranking it as a large bank. Seaside National Bank & Trust lacks premium access to customer service, 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. Overall, Seaside National Bank & Trust is a respectable bank that deserves your consideration, with a rating of 4.0 stars out of 5 from our team. Seaside National Bank & Trust provides customers with a varied selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Seaside National Bank & Trust has a fair savings rate; you can find higher rates with other banks. Banks that offer free checking, in addition to a high interest rate savings account are the best option for returning the most income from your deposits while maintaining easy 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

Seaside National Bank & Trust has a savings rate of 0.50%, which is poor in comparison to the national average. Seaside National Bank & Trust's one-year CD has a rate of 1.75% and the five-year CD earns at a rate of 2.75%, while its highest-yielding money market account has an APY of 0.70%. Given Seaside National Bank & Trust's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

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 bank locations in Florida. With mobile and web apps, Seaside National Bank & Trust makes account access 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 9:00 a.m. to 5:00 p.m. ET. You can access Seaside National Bank & Trust's app to manage your finances by reviewing current statements, sending and receiving funds as well as accessing support representatives. Seaside National Bank & Trust gets an exceptional consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government 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 is a large bank owning assets totaling $2 billion as well as deposits totaling $1 billion. Seaside National Bank & Trust's Texas Ratio is 3.97%, denoting that Seaside National Bank & Trust is in terrific financial condition and unlikely to fail. 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: 1.75% APY
  • 24 Month: 2.10% APY
  • 36 Month: 2.30% APY
  • 48 Month: 2.50% APY
  • 60 Month: 2.75% APY
$2500 for all terms
Money Market Account 0.6% APY $10000

Seaside National Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Seaside National Bank & Trust does not have the best savings rate, which means you should think about taking a look 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 as compared against the national average.

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Find a Seaside National Bank & Trust Near Me

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

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