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  Suncoast Credit Union Share Membership Savings Account

Suncoast Credit Union Share Membership Savings Account

in Savings Accounts from Suncoast Credit Union · ncua

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Suncoast Credit Union Share Membership Savings Account

Unaffiliated

in Savings Accounts from Suncoast Credit Union · Insured by NCUA

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Highlights
Monthly Fee $5
APY (Annual Percentage Yield) 0.050%
APY Minimum Balance N/A

Suncoast Credit Union Share Membership Savings Account Review

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

Key Takeaways
  • Higher than average APY. Suncoast Credit Union Share Membership Savings Account has an annual percentage yield of up to 0.050%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly Service Charge available. This account charges a monthly service fee of $5, but the fee is 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 Credit Union Share Membership Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Suncoast Credit Union.
Suncoast Credit Union savings account Pros & Cons
Pros Cons
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • No signup bonus.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Suncoast Credit Union savings account FAQ

Are savings accounts from Suncoast Credit Union federally insured?

Yes, your Suncoast Credit Union 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.
Suncoast Credit Union Share Membership Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee $5
Minimum Opening Deposit Starting at $5
Minimum Required Balance $5

What APY does Suncoast Credit Union 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?

In most cases, the answer is yes. 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.

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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

Minimum Balance to Avoid Monthly Fee $5
Minimum Opening Deposit Starting at $5
Minimum Required Balance $5
Monthly Fee $5
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $10
Wire Transfer Fee - Domestic (Incoming) $5
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $5
Wire Transfer Fee - International (Outgoing) $35
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.050%

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