Which Sarasota Banks are Have the Most Competitive Rates?

Sarasota Banks If you’re thinking about opening a new bank account but don’t have a bank, understand that choosing the right one is a big decision. The banking institution you eventually decide on will probably have a big effect on your future financial well-being. So when you start you search for banks in Sarasota, be sure you look into several to find the perfect match.

Benefits of Local Banks

You may have suspected that local financial institutions have several benefits to offer customers that the big chain financial institutions just can’t. Most Sarasota banks are known for their higher-than-average bank account rates, as well as for having the best customer service.

Top Rates at Local Sarasota Banks

Interest rates vary widely depending on the terms of the account, as well as by bank. The following is where you can expect to find the highest interest rates in the city for CD and savings accounts.

Highest 6-Month CD Rates in Sarasota

Heritage Bank of Florida: 0.75%
The Bank of Commerce: 0.5%
Valrico State Bank: 0.5%

Best Sarasota 1-Year CD Rates

Heritage Bank of Florida: 1.05%
The Bank of Commerce: 0.75%
Valrico State Bank: 0.75%

Best Sarasota 24-Month CD Rates

Heritage Bank of Florida: 1.25%
Seacoast National Bank: 1.1%
Valrico State Bank: 1.1%

Highest Sarasota Savings Rates

Valrico State Bank: 0.5%
Platinum Bank: 0.5%
Heritage Bank of Florida: 0.5%

These rates at banks are just a handful of what’s available. Remember that reviewing lots of interest rates in and around Sarasota will help you earn the highest possible rate on your next account.