Last Updated: 04/18/2025
Suncoast CU Share Membership Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.050%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $5
Minimum Balance to Earn APY
N/A
Suncoast CU Share Membership Savings Account Review
Suncoast CU Share Membership Savings Account is offered by Suncoast Credit Union, a credit union founded in 1934 and based in Tampa, FL. Suncoast Credit Union savings account are available in 1 state.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.050%.
- $0 monthly account fees available. This account charges a monthly fee of $5, but the fee may be waived if you keep a minimum balance of$5.
- Small minimum initial deposit. You only need $5 to open an account.
- No ATM fees. Suncoast CU Share Membership Savings Account does not charge fees on ATM transactions .
Suncoast Credit Union savings account Pros & Cons
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Suncoast Credit Union savings account FAQ
Are savings accounts from Suncoast Credit Union federally insured?
Yes, your savings 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.
Does Suncoast Credit Union offer a signup bonus?
Suncoast Credit Union savings account doesn't offer a signup bonus.
What is the minimum initial deposit for Suncoast Credit Union savings account?
The minimum deposit to open a Suncoast Credit Union savings account is $5.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Suncoast CU Share Membership Savings Account offer?
Suncoast Credit Union savings account offers an APY of 0.050% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Suncoast Credit Union savings account charge?
This account charges a monthly service fee of $5. However, you can waive the monthly fees if you have a minimum daily balance of $5.
- Outgoing domestic bank transfers come with a $20 fee.
- Incoming domestic bank transfers come with a $5 fee.
- Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $5 fee.
- Suncoast Credit Union savings account charges $2 every time you request a paper statement.
What features and perks does Suncoast Credit Union savings account offer?
This savings account includes the following features:
- Fraud monitoring - Suncoast Credit Union savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Suncoast Credit Union savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Suncoast Credit Union savings account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Suncoast Credit Union savings account?
The customer support email for Suncoast Credit Union savings account is contactus@suncoastcreditunion.com.
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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