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  Suncoast Credit Union Money Market Account

Suncoast Credit Union Money Market Account

in Money Market Accounts from Suncoast Credit Union · ncua

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Suncoast Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from Suncoast Credit Union · Insured by NCUA

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Highlights
APY (Annual Percentage Yield) 0.05% - 0.4%
APY Minimum Balance $1,000
Minimum Opening Deposit Starting at $1,000

Suncoast Credit Union Money Market Account Review

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

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.4%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1000.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Suncoast Credit Union Money Market Account
Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Insured by NCUA.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in one state.
Suncoast Credit Union Money Market Account FAQ

Are money market accounts from Suncoast Credit Union federally insured?

Yes, your Suncoast Credit Union money market accounts are insured up to $250,000 per share owner for each account ownership category. 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 are the dividends for Suncoast money market rates?

Suncoast money market offers an APY starting at 0.05% and ranging up to 0.4% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

Suncoast money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.4%

What are the fees for Suncoast Credit Union Money Market Account?

Suncoast Credit Union Money Market Account does not charge a monthly maintenance fee.

Suncoast Credit Union Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for Suncoast money market?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does Suncoast money market offer?

This account includes the following features:

  • Fraud monitoring - Suncoast Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Suncoast money market allows you to manage your money through online banking and a dedicated mobile app.

How to open an account with Suncoast Credit Union

  • Visit the Suncoast Credit Union website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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

APY Minimum Balance $1,000
Minimum Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $1,000
Monthly Fee $0
Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.05% - 0.4%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly
Dividend Rate 0.05% - 0.39%

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