Suncoast Credit Union CD Rates Of July 2024 (2024)

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Suncoast Credit Union offers various certificate of deposit (CD) options tailored to fit diverse savings goals. While Suncoast Credit Union CD rates are notably competitive, especially compared to many traditional banks, the credit union’s products are mainly for Florida residents.

Here’s an overview of Suncoast Credit Union Share Certificates rates. Rates are accurate as of June 7, 2024.

CD TermAnnual Percentage Yield (APY)Minimum Deposit

12-month Smart Start Certificate



6-month Share Certificate



12-month Share Certificate



18-month Share Certificate



24-month Share Certificate



36-month Share Certificate



48-month Share Certificate



60-month Share Certificate



6-month Jumbo Certificate



12-month Jumbo Certificate



18-month Jumbo Certificate



24-month Jumbo Certificate



36-month Jumbo Certificate



48-month Jumbo Certificate



60-month Jumbo Certificate



Overview of Suncoast Credit Union CDs

Suncoast Credit Union offers a diverse range of CDs to cater to your savings needs. 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.

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. Suncoast also offers options like IRA, SEP, Roth, Coverdell Education, Business and Youth CDs for specific financial goals.

Minimum deposit requirements range from $50 to $100,000, depending on the type of CD you choose. Suncoast provides competitive rates to ensure you get a good return on your investment.

But, like all CDs, there are early withdrawal penalties if you decide to access your funds before the maturity date. These penalties discourage unplanned withdrawals by deducting a portion of the interest you’ve earned.

All of Suncoast’s CDs are insured by the National Credit Union Administration (NCUA), so your money is safe even if the institution closes. If you’re a Florida resident eligible for Suncoast membership, its CDs could be a valuable way to grow your savings.

Overview of Suncoast Credit Union CDs

Minimum Deposit

$50, $500 or $100,000

Term Lengths

6, 12, 18, 24, 36, 48 and 60 months

Compounding Schedule


Early Withdrawal Penalty

90 days’ dividends for CD terms up to 12 months; 180 days dividends on CD terms longer than 12 months

Grace Period for Penalty-Free Withdrawals After Maturity

7 days

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

CDs are a great way to let your money grow at a predictable interest rate. But the exact amount you’ll earn depends on the specific CD you choose and your deposit amount.

Want a clearer picture? Use this CD calculator to crunch the numbers and determine how much your money could grow with Suncoast Credit Union’s CD rates.

How Suncoast Credit Union CDs Compare

If you’re considering a CD in Florida, you might be eyeing Suncoast Credit Union. Its CD rates often soar above national average, meaning you could earn more with Suncoast. For example, you would earn 5.00% APY on a one-year CD from Suncoast, compared to the national average rate of 1.86% as of June 2024, according to the FDIC.

The biggest downside is that Suncoast has strict membership requirements. It primarily serves Florida residents, so if you’re not from the Sunshine State, you might be out of luck.

If you don’t qualify for membership at Suncoast, plenty of banks offer competitive CD rates. Explore your options to find the best CD rate and opening deposit for your needs.

About Suncoast Credit Union

Suncoast Credit Union is one of Florida’s largest credit unions. Founded in 1934, it offers banking services like checking accounts, savings accounts, CDs, loans and credit cards. Unlike regular banks, credit unions like Suncoast are owned by their members.

To join Suncoast, you need to meet at least one of these membership requirements:

  • Be an immediate family member of a current Suncoast member
  • Be an alumnus of Florida College
  • Live, work or worship in any of these Florida counties: Alachua, Brevard, Broward, Charlotte, Citrus, Clay, Collier, DeSoto, Dixie, Duval, Gilchrist, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lake, Lee, Leon, Levy, Manatee, Marion, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Sarasota, Seminole, St. Johns, St. Lucie, Sumter or Volusia

Find The Best CD Rates Of 2024

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Frequently Asked Questions (FAQs)

Which bank in Florida has the highest CD rates?

Suncoast Credit Union is one of the best banks in Florida, with some of the highest CD rates. But it’s always a good idea to check current CD rates and compare with other banks to make sure you’re getting the best deal.

What is the share certificate with Suncoast Credit Union?

A share certificate with Suncoast Credit Union is similar to a certificate of deposit at other banks. It’s a fixed-term investment where members earn interest. At credit unions like Suncoast, instead of calling it a CD, it’s referred to as a “share certificate.”

What is better: a CD or a share certificate?

A CD (certificate of deposit) and a share certificate are the same thing. The main difference is in terminology: banks typically use the term “CDs,” while credit unions refer to them as “share certificates.” Both are types of savings accounts with fixed terms and interest rates.

Are CDs safe investments?

Yes, CDs are considered safe investments. They’re insured up to certain limits by the FDIC in banks and by the NCUA in credit unions. But like all investments, they come with the risk of earning lower returns compared to riskier assets like stocks and mutual funds. For this reason, it’s often better to diversify your portfolio and balance CDs with other types of investments based on your financial goals and risk tolerance.

Suncoast Credit Union CD Rates Of July 2024 (2024)


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