SAN DIEGO, CA--(Marketwired - Jul 2, 2013) - Seacoast Commerce Bank's 10-year anniversary high interest certificates of deposit (CDs) and money market accounts offer has been extended through July 31, 2013. This special promotion will continue to provide a 1.1 percent annual percentage yield (APY) 10-month CDs and 1.0 interest (APY) on 10-month money market accounts; new money only. A minimum $50,000 deposit is required to be eligible.
"CDs and money market accounts are considered to be some of the safest investor options available and so we felt this promotion would provide current and new customers an opportunity to earn more on their savings as we celebrate our ten years in business," said Rick Sanborn, President & CEO of Seacoast Commerce Bank. "Due to the June promotion being so well received -- we decided to extend the offer another month for those who may have missed the June window of opportunity."
A minimum investment of $50,000 is required to open a CD and to earn the stated APY. An early withdrawal penalty may apply. A minimum balance of $50,000 is required to open a money market account and to earn stated APY. Stated APY is guaranteed through May 10, 2014 and is subject to change without notice thereafter.
Balances below $50,000 will earn rates based on the following tier:
|$1,000 to $24,999||.05%|
|$25,000 to $49, 999||.15%|
|$50,000 and over||1.00%|
Rates below $50,000 are correct as of July 1, 2013 and are subject to change without notice thereafter. Fees may reduce earnings.
For more information, you can call 877-531-5745 or visit a Seacoast Commerce Bank branch office prior to July 31 to open a CD or money market account as part of this limited time offer.
About Seacoast Commerce Bank
Since its founding in 2003, Seacoast Commerce Bank has grown to be the seventh largest small business administration lender in the nation. This year, in its eleventh quarter, the bank has a net income of $250 thousand and $225 million in assets. Seacoast Commerce Bank is a commercial bank headquartered in San Diego with branches located at 11939 Rancho Bernardo Road in San Diego and 678 Third Avenue in Chula Vista. Visit www.sccombank.com for more information about Seacoast Commerce Bank.