Ocean Bank will reopen its Orlando Branch on Friday, October 11th.
Our thoughts are with those affected by Hurricane Milton.
Online banking and mobile banking continue to be available. To find the nearest ATM free of charge, click here.

In observance of Martin Luther King Jr. Day, we will be closed Monday, January 20th. We will resume regular business hours on Tuesday, January 21st.

Ocean Bank - Financial Results as of September 30, 2024. Continued Financial Strength Learn more

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Call Us: 305-569-5000
Ocean Bank

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You're going to a site that isn't owned or controlled by Ocean Bank, and might have different Privacy Policy, cookie control and security standards.

 

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Now leaving the Ocean Bank website

 

You're going to a site that isn't owned or controlled by Ocean Bank, and might have different Privacy Policy, cookie control and security standards.

 

Continue

Now leaving the Ocean Bank website

 

You're going to a site that isn't owned or controlled by Ocean Bank, and might have different Privacy Policy, cookie control and security standards.

 

Continue

Now leaving the Ocean Bank website

 

You're going to a site that isn't owned or controlled by Ocean Bank, and might have different Privacy Policy, cookie control and security standards.

 

Continue

Now leaving the Ocean Bank website

 

You're going to a site that isn't owned or controlled by Ocean Bank, and might have different Privacy Policy, cookie control and security standards.

 

Continue

Promotions

Power Your Savings

4.00 %APY*
6-Month CD
*Special promotion. See disclosures at bottom of page.
Open now

Power Your Savings

4.00 %APY*
6-Month CD
*Special promotion. See disclosures at bottom of page.
Open now

Gane intereses sin los riesgos del mercado 


Earn interest without market risk 

FDIC-Insured

Your money is insured up to $250,000, and up to $500,000 if you open with a co-owner.

Fast Start

 

Open online in about 5 minutes, or visit one of our South Florida locations.

Guaranteed Return

Lock in a fixed rate for the full term of the CD so you know what you'll earn from the start.

See Your Progress

Use our mobile app to check your account and watch your money grow.

Auto-Renew or Withdraw

At maturity, your CD will renew automatically for the same term. It may be at a different rate. Or, you can withdraw your money.

No Fees

There are no account opening or monthly maintenance fees. If you withdraw your funds before maturity, a penalty will apply.

 

 

Here's how to Power Your Savings with an Ocean CD 

Apply

 

Just 5 minutes to apply online.

 

For a personal CD, you’ll need a Social Security Number and driver’s license or state-issued photo ID.

 

 

Transfer

 

Provide the routing number and account number that you will use to fund the account. The minimum amount to open the CD is $2,500, and the full amount of your CD savings must be transferred at the time of opening.

 

Save

 

Check your email for confirmation of your account opening. Remember to check your spam folder.

 

Once you received the confirmation you're all set and you are powering your savings.

 

 

 

Questions? We have answers.

 

CDs (Certificates of Deposit) are low-risk investments, since they are FDIC insured up to $250,000, and up to $500,000 if there is a co-owner.

Many CD products offer higher interest rates than other savings accounts, giving you more return on your money over time.  To earn the maximum return, you will want to avoid withdrawing funds until the term ends because you may incur a withdrawal penalty.

Additional funds cannot be added to the CD after the initial deposit. If you have additional money to invest, open another CD with at least $2,500. You are unable to add funds to your account once it’s opened. You can add additional money to your CD account at maturity. 

You can always withdraw funds from your certificate of deposit before it matures. However, you may be charged an early withdrawal penalty. This fee is typically calculated using a certain number of days’ worth of interest or a percentage of the total amount withdrawn.

The interest you earn on a CD is generally taxable, just like most other forms of income. Any interest earned must be reported on your federal income tax return and is subject to taxes based on your individual tax rate. You may also owe state or local taxes depending on where you live. Ocean will prepare and send you a Form 1099-INT and file a copy with the IRS. If you sign up for Ocean Online Banking, you can access the form as soon as it’s prepared to avoid the mail delay.

At maturity, your CD will renew automatically for the same term. It may be at a different rate. Or, you can withdraw your money.

About Ocean Bank

Ocean Bank, founded in 1982, is the largest independent, state-chartered commercial banks in Florida as measured by FDIC deposits. With $6.6 billion in assets and 24 branches in Miami-Dade, Broward and Palm Beach counties and Orlando. Ocean Bank is the recipient of the 5-Star BauerFinancial Rating, the highest awarded by the largest independent bank rating firm. Ocean Bank provides a full range of financial solutions to help individuals and businesses meet their goals, including deposit accounts, loans and digital banking services.

 

Learn more

About Ocean Bank

Ocean Bank, founded in 1982, is the largest independent, state-chartered commercial banks in Florida as measured by FDIC deposits. With $6.4 billion in assets and 21 branches in South Florida and an office in Orlando, Ocean Bank is the recipient of the 5-Star BauerFinancial Rating, the highest awarded by the largest independent bank rating firm. Ocean Bank provides a full range of financial solutions to help individuals and businesses meet their goals, including deposit accounts, loans and digital banking services.

 

Learn more

*Annual Percentage Yield (APY) is accurate as of September 24, 2024. The minimum balance required to open a CD is $2,500. Must be new money to Ocean Bank. New money is funds not currently on deposit at Ocean Bank. Interest rates may change without notice. Initial CD deposit amount is required to be maintained each day to earn the APY disclosed. There will be a penalty for early withdrawals on CDs. Offer does not apply to IRA CDs. Offer subject to change without notice and subject to change at any time.