How to Find the Best Sarasota Banks

For residents of Sarasota, finding a quality bank to develop a relationship with is a challenge just about everyone will face at some point. So how do you go about finding Sarasota banks that could potentially become your financial institution of choice? We’ve provided a few resources below.

Where are Sarasota Banks Located?

It’s possible to find a great bank in Sarasota, Florida, no matter where in the city you live. There are actually a total of 57 financial institutions within as 50 mile radius of Sarasota, so there’s bound to be a community bank very close to you.

 


Map of Sarasota, FL

You can also view a list of all these financial institutions by visiting the Sarasota Banks List. Our database includes banks and credit unions in and around the city, along with addresses so you can locate a branch.

What Makes a Bank “The Best” in Sarasota?

If you’re looking for the best bank in town, there are a number of characteristics you can use to evaluate a bank. First, convenience is important. Not only is it easier to bank at a financial institution that’s close by, but smaller local banks are also known to offer better interest rates on deposit accounts and loans because they’re more community- and customer-oriented.

That means interest rates are also an important point to consider. Whether you’re trying to save money or need to borrow some instead, the interest rate you either earn or pay can have a big impact on your finances.

Current Savings & CD Rates at Sarasota Banks

As a benchmark for comparing local banks, here are the average deposit rates from the Sarasota banks in the Sarasota Banking Rates database:

6-month CD: 0.44%

12-month CD: 0.7%

24-month CD: 1.02%

savings: 0.32%

Please note that these rates are accurate as of July 22, 2010, but are subject to change at any time. Contact individual banks for more information about interest rates, services and any other questions you may have.