SOURCE: Seacoast Commerce Bank

Seacoast Commerce Bank

June 05, 2013 13:47 ET

Seacoast Commerce Bank Celebrates 10th Anniversary With High-Interest CD and Money Market Promotion

SAN DIEGO, CA--(Marketwired - Jun 5, 2013) - To commemorate Seacoast Commerce Bank's (OTCQB: SCCB) 10 year anniversary, high interest certificates of deposit (CDs) and money market accounts will be offered to customers through June 30, 2013. This special promotion will offer 1.1 percent Annual Percentage Yield (APY) 10-month CDs and 1.0 percent interest (APY) on liquid money market accounts, with the rate guaranteed for 10 months; 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 and most desirable deposit 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 Richard Sanborn, president and CEO of Seacoast Commerce Bank.

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 April 30, 2014 and is subject to change without notice thereafter. 

Balances below $50,000 will earn rates based on the following tier:

       
  Tier APY  
  $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 May 28, 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 June 30 to open a CD or money market account as part of this limited time offer. 

About Seacoast Commerce Bank
Seacoast Commerce Bank is a business bank headquartered in San Diego, California, with offices in San Diego, Chula Vista, Orange County, Los Angeles, Palm Desert, Sacramento and San Ramon, California; Phoenix, Arizona; Las Vegas and Reno, Nevada; Dallas and Houston, Texas; Salt Lake City, Utah; and Bellevue, Washington. For more information on the bank please visit our website at www.sccombank.com or contact President and CEO Richard M. Sanborn at 858-432-7001.

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