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  Suncoast Credit Union Share Certificate

Suncoast Credit Union Share Certificate

in CD Accounts from Suncoast Credit Union · Member ncua

Unaffiliated

Suncoast Credit Union Share Certificate

Unaffiliated

in CD Accounts from Suncoast Credit Union · Member NCUSIF

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Highlights
Minimum Opening Deposit Starting at $500
Deposit Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.05% - 0.95%

Suncoast Credit Union Share Certificate Review

Suncoast Credit Union Share Certificate is offered by Suncoast Credit Union, a credit union founded in 1934 and based in Tampa, FL. Suncoast Credit Union Share Certificate is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.95%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
  • Wide selection of CD terms. Suncoast Credit Union CD allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Suncoast Credit Union Share Certificate
Pros Cons
  • NCUSIF insured.
  • Multiple CD terms available.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty CD option.
Suncoast Credit Union Share Certificate FAQ

Are cd accounts from Suncoast Credit Union federally insured?

Yes, your Suncoast Credit Union cd accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does Suncoast Credit Union offer?

Suncoast Credit Union CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Suncoast Credit Union CD offers a CD that is specifically for retirement.

What CD rates does Suncoast Credit Union offer on its CDs?

Suncoast Credit Union CD offers an APY starting at 0.05% and ranging up to 0.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Suncoast Credit Union CD offer?

Suncoast Credit Union offers CD terms of the following lengths:
Suncoast Credit Union Share Certificate Rates & Terms
Description
2-Year APY 0.55%
3-Year APY 0.70%
4-Year APY 0.85%
5-Year APY 0.95%
6-Month APY 0.05% - 0.30%
12-Month APY 0.40%
APY (Annual Percentage Yield) 0.05% - 0.95%

What is the minimum deposit to open a CD account with Suncoast Credit Union?

Suncoast Credit Union CD requires a minimum deposit of $500 to open an account.

What is the grace period for Suncoast Credit Union CD?

does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Suncoast Credit Union CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Suncoast Credit Union does not charge an early withdrawal fee.

Suncoast Credit Union does not seem to charge any of the fees we track.

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Contact

  • Headquarters
  •   6801 E Hillsborough Ave
    Tampa, FL 33610
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 6:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:00am - 6:00pm
  • Saturday 8:00am - 1:00pm

Other Services by Suncoast Credit Union

Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.55%
3-Year APY 0.70%
4-Year APY 0.85%
5-Year APY 0.95%
6-Month APY 0.05% - 0.30%
12-Month APY 0.40%
APY (Annual Percentage Yield) 0.05% - 0.95%
CD Accounts
  • IRA
  • Jumbo
  • Traditional
Deposit Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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