To join Suncoast, you need to meet at least one of these membership requirements: Unlike regular banks, credit unions like Suncoast are owned by their members. Founded in 1934, it offers banking services like checking accounts, savings accounts, CDs, loans and credit cards. Suncoast Credit Union is one of Florida’s largest credit unions.

Explore your options to find the best CD rate and opening deposit for your needs. If you don’t qualify for membership at Suncoast, plenty of banks offer competitive CD rates. It primarily serves Florida residents, so if you’re not from the Sunshine State, you might be out of luck. The biggest downside is that Suncoast has strict membership requirements. That means you could earn more with Suncoast. Its CD rates often soar above the national average, according to the FDIC.

If you’re considering a CD in Florida, you might be eyeing Suncoast Credit Union. If you’re a Florida resident eligible for Suncoast membership, its CDs could be a valuable way to grow your savings. These penalties discourage unplanned withdrawals by deducting a portion of the interest you’ve earned.Īll of Suncoast’s CDs are insured by the National Credit Union Administration (NCUA), so your money is safe even if the institution closes. Suncoast provides competitive rates to ensure you get a good return on your investment.īut, like all CDs, there are early withdrawal penalties if you decide to access your funds before the maturity date. Minimum deposit requirements range from $50 to $100,000, depending on the type of CD you choose. Suncoast also offers options like IRA, SEP, Roth, Coverdell Education, Business and Youth CDs for specific financial goals. With the Smart Start Certificate, you open a CD with at least $50 and commit to depositing at least $40 per month through automatic transfers or payroll deduction. It has regular Share Certificates for standard savings, the Suncoast Credit Union Jumbo Certificates for larger deposits and the Suncoast Credit Union Smart Start Certificate for beginners. Suncoast Credit Union offers a diverse range of CDs to cater to your savings needs.

Jumbo cd interest rates