Gulf Coast Business Bank CD and money market rates
Gulf Coast Business Bank's Money Market Account offers 2.89% to 3.25% APY on balances under $500,000, and 3.82% from $500,000. On a $10,000 balance the account earns 2.89% overall, about $289 in a year, which is 2.51 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
Gulf Coast Business Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 3.82% · Money Market Account · needs at least $500,000 |
| Minimum to open | $2,500 · Money Market Account |
| Against the national average | 3.44 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.24% · 12 months · 12 Month CD |
| Minimum to open | $5,000 · 12 months CD |
| Against the national average | 2.48 percentage points above the 1.76% FDIC 12-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 3.82% · Money Market Account · needs at least $500,000 |
| Minimum to open | $2,500 · Money Market Account |
| Against the national average | 3.19 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 59281 · Fort Myers, FL |
|---|---|
| Website | www.gcbbswfl.com |
| Branches | 1 branch in FL |
| Availability | Available in FL |
Gulf Coast Business Bank CD and money market rates
How the rate applies
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal.
The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 651 money market accounts from 582 banks in the Banksparency money market index, the median advertised rate is 1.16%, and one account in ten advertises 3.15% or more. See the highest savings rates.
Gulf Coast Business Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 3 months | 3.77% | $5,000 | 3 Month CD |
| 6 months | 3.82% | $5,000 | 6 Month CD |
| 12 months | 4.24% | $5,000 | 12 Month CD |
| 24 months | 4.08% | $5,000 | 24 Month CD |
| 36 months | 4.13% | $5,000 | 36 Month CD |
| 48 months | 4.18% | $5,000 | 48 Month CD |
| 60 months | 4.24% | $5,000 | 60 Month CD |
What Gulf Coast Business Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 3.82% needs a balance of at least $500,000. Below that, the account advertises 2.89%.
In Q2 2026, Gulf Coast Business Bank paid a higher average rate on savings and money market deposits than 99% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Gulf Coast Business Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Money Market Account | Up to 3.82% | $2,500 | $2,500 | None | not stated | not stated | Tiered | |
| Fine print: Up to 9 debit items are free each statement cycle. Each debit item above that is charged an excessive transaction fee of $3. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 3 Month CD | 3 months | 3.77% | $5,000 | not stated | not stated |
| 6 Month CD | 6 months | 3.82% | $5,000 | not stated | not stated |
| 12 Month CD | 12 months | 4.24% | $5,000 | not stated | not stated |
| 24 Month CD | 24 months | 4.08% | $5,000 | not stated | not stated |
| 36 Month CD | 36 months | 4.13% | $5,000 | not stated | not stated |
| 48 Month CD | 48 months | 4.18% | $5,000 | not stated | not stated |
| 60 Month CD | 60 months | 4.24% | $5,000 | not stated | not stated |
Fine print for 7 CDs above: The published rate applies to deposits of $250,000 or less.
Opening and using the account
| Availability | Available in FL |
|---|---|
| Footprint | 1 branch in FL |
| Eligibility | not stated |
How Gulf Coast Business Bank behaves over time
- 12 months CD
- The same as 30 days ago.
- Rate last changed
- Aug 28, 2026(effective date)
$10,000 in Gulf Coast Business Bank's Money Market Account earns 2.89% overall at the advertised rates, so it grows to $10,289 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,918 does today. See how the federal funds rate shapes savings rates.
Gulf Coast Business Bank CD rates over time
Who is Gulf Coast Business Bank?
| Headquarters | Fort Myers, FL |
|---|---|
| Founded | 2022 |
| Scale | $187M assets · $160M deposits, $135M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 59281 |
| Charter state | Florida · one of 82 insured banks chartered there (Q2 2026, FDIC) |
| Size | 3,034th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 96% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Gulf Coast Business Bank pays on deposits above.
Common questions about Gulf Coast Business Bank
Is Gulf Coast Business Bank FDIC insured?
Yes. Gulf Coast Business Bank is FDIC insured under certificate 59281, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Gulf Coast Business Bank?
Gulf Coast Business Bank requires a minimum deposit of $2,500 to open its Money Market Account, as observed on Nov 2, 2026. Check the bank's current terms before you open an account.
Does the 3.82% apply to my whole balance?
The 3.82% needs a balance of at least $500,000. Below that, the account advertises 2.89%. Rates are as observed on Nov 2, 2026.
Does Gulf Coast Business Bank have branches?
Yes. Gulf Coast Business Bank operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
Gulf Coast Business Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Gulf Coast Business Bank | Up to3.82% | 3.60% | $2,500 | 1 branch in FL |
| High Plains Bank | Up to3.82% | not stated | $25 | 9 branches in CO |
| MutualOne Bank | 3.82% | 3.22% | $20,000 | 3 branches in MA |
| Waterman Bank | 3.82% | 3.48% | $50 | 3 branches in IL |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Gulf Coast Business Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Florida, nearest to Gulf Coast Business Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: CD rates in Florida, money market rates in Florida, and banks in Florida.