Suncoast Credit Union has a well-defined reputation, because of its offerings and other financial services. In this regard, Certificate of Deposit (CD) rates attract investors who are looking for secure and profitable ways for financial growth.

It further holds a concise stability for financial stability and member-focused services. This perspective tends to make the Suncoast credit union a go-to option for individuals. It overall provides a variety of options that fulfill your financial objectives.

Let’s explore the comprehensive analysis for Suncoast Credit Union CD Rates in the section below;

Suncoast Credit Union CD Rates

Some of the most credible and highly authentic perspective for the CD Rates is as follows;

12-Month High-Yield CD

  • APY: 4.75%
  • Term Length: 12 months
  • Minimum Deposit: $500

Key Considerations:

  • Ideal for savers looking for a short-term investment with a higher return than a typical savings account.
  • Offers a balance between a relatively short commitment period and a competitive APY.
Higher APY compared to regular savings accountsEarly withdrawal results in loss of six months’ interest
Short-term commitment allows for flexibility in financial planningLower APY compared to longer-term CDs

18-Month CD

  • APY: 4.85%
  • Term Length: 18 months
  • Minimum Deposit: $500

Key Considerations:

  • Slightly longer term than the 12-month CD, offering a higher yield for a modest increase in commitment time.
  • Perfect for individuals planning for medium-term financial goals who seek better returns.
Better APY than many short-term investment optionsEarly withdrawal penalty of nine months’ interest

24-Month CD

  • APY: 5.00%
  • Term Length: 24 months
  • Minimum Deposit: $500

Key Considerations:

  • Offers the highest APY among the presented options, rewarding savers willing to lock in their funds for two years.
  • Suitable for savers with a longer-term outlook who want to maximize the interest earned on their investment.
Longer term secures the rate against potential dips in interest ratesRequires a two-year commitment, reducing liquidity
Suitable for savers with a clear long-term savings goalHigher yield comes with increased risk of opportunity cost

Collective Comparison CD Rates in Table

The following table analysis provides an overall comparison of the CD rates for Suncoast Credit Union, that further makes the convenience for the investors.

Feature12-Month CD18-Month CD24-Month CD
Term Length12 months18 months24 months
Minimum Deposit$500$500$500
Early Withdrawal PenaltySix months of interestNine months of interestTwelve months of interest

Are Suncoast Credit Union CD Rates Competitive?

In terms of competitiveness, the Suncoast Credit Union’s CD rates have the most significant position in the financial trend. These CD rates are reliable enough and constant in terms of searching for the best returns on their investments.

Furthermore, these CDs are attractive enough as an option for all those who are looking to grow their savings in a secure manner.

Most considerably, higher-than-average rates is another perspective that make these CDs an appealing choice for the investors. This will ultimately provide the above-market returns without taking on excessive risk.

How do Suncoast Credit Union CD Rates Compare?

Other than all these perspectives, when Suncoast Credit Union CD Rates are further compared to national averages and other online platforms.

It offers an equal range of services along with Suncoast Credit Union’s CD rates that are on the higher end of the spectrum.

These competitive rates are ideally the most prominent factor that position the Suncoast as a leading institution for investors. they enjoy equal level of security for a CD along with the higher yield.

Additionally, it focuses on providing a great value to its members. Thus, they design the CDs that cater to a range of financial goals and timelines.

How Much You Can Earn With Suncoast Credit Union CD Rates?

When an investor invests in the Suncoast Credit Unions for the competitive CD rates, they can expect to see substantial growth in their savings. The savings vary as per the period and term length chosen by them.

CD TypeAPYTermPotential Earnings for Investment
12-Month High-Yield CD4.75%12 months$475
18-Month Growth CD4.85%18 months$727.50
24-Month Premier CD5.00%24 months$1,000

Overview of Suncoast Credit Union

Suncoast Credit Union was initially established by Hillsborough County, Florida, in 1934. At first, it kept the focus only on teachers. However, it has grown significantly from its humble beginnings to larger extents.

It is the largest credit union in Florida and one of the largest in the United States. This recognition has been made after examining the asset stance.

Furthermore, the Suncoast boasts an impressive portfolio. It offers a wide range of financial services that includes;

  •         Loans
  •         Savings accounts
  •         Competitive CD rates

Moreover, it has a strong emphasis on community and members that are related to the innovative horizon. Furthermore, it has expanded its membership eligibility that is far beyond the educators apart from all the discussion, Suncoast Credit Union operates numerous branches across Florida. In addition, it provides significant access to investors towards thousands of ATMs. It is thoroughly available to ensure convenience and accessibility for its members.

Locations of Suncoast Credit Union

Suncoast Credit Union proudly serves its members from over 70 branches across the state of Florida. These locations include;

Frequently Asked Questions

1. Can anyone join Suncoast Credit Union?

Yes, membership is open to anyone who lives, works, attends school, or worships in the counties served by Suncoast Credit Union in Florida.

2. What types of financial products does Suncoast offer?

Suncoast offers a variety of products including savings accounts, checking accounts, CDs with competitive rates, loans, and credit cards.

3. Are Suncoast Credit Union deposits insured?

Yes, all deposits are insured up to $250,000 per depositor by the National Credit Union Administration (NCUA).

4. How can I access my Suncoast Credit Union account?

Members can access their accounts online, through the mobile app, at branches, or via ATMs nationwide.