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How Suncoast Credit Union accounts compare
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options. Overall credit union ratingsPros and consSuncoast Credit Union Regular Share AccountAnnual Percentage Yield (APY) 0.05% APY Minimum Deposit Amount $5 Annual Percentage Yield (APY) 0.05% APY Minimum Deposit Amount $5 On Suncoast Credit Union's website Regular Share AccountOn Suncoast Credit Union's website Deposit DetailsAnnual Percentage Yield (APY) 0.05% APY Minimum Deposit Amount $5 Pros & ConsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction. Low minimum opening deposit Check mark iconA check mark. It indicates a confirmation of your intended interaction. No monthly service fees Dash iconA dash. It often indicates an interaction to shrink a section. Low interest rate HighlightsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.
When you join Suncoast Credit Union, you must open the Suncoast Credit Union Regular Share Account with at least $5. The savings account only pays 0.05% APY, which is lower than the average savings account. If you prioritize a high interest rate, you might consider one of the credit union's other savings account options or one of our top picks from our best high-yield savings account guide. Suncoast Credit Union Smartly Checking AccountAnnual Percentage Yield (APY) 0.01% APY Minimum Deposit Amount $0 Annual Percentage Yield (APY) 0.01% APY Minimum Deposit Amount $0 On Suncoast Credit Union's website Smartly Checking AccountOn Suncoast Credit Union's website Deposit DetailsAnnual Percentage Yield (APY) 0.01% APY Minimum Deposit Amount $0 Pros & ConsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit Check mark iconA check mark. It indicates a confirmation of your intended interaction. No monthly service fees Check mark iconA check mark. It indicates a confirmation of your intended interaction. Free overdraft protection Dash iconA dash. It often indicates an interaction to shrink a section. $29 overdraft fee Dash iconA dash. It often indicates an interaction to shrink a section. $1.50 out-of-network ATM fee HighlightsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.
The Suncoast Credit Union Smartly Checking Account might be a good choice if you're worried about typical bank fees. The checking account charges zero monthly service fees, and it has free overdraft protection that lets you link your checking account to a savings account. Annual Percentage Yield (APY) 1.30% to 3.25% APY Minimum Deposit Amount $500 Annual Percentage Yield (APY) 1.30% to 3.25% APY Minimum Deposit Amount $500 On Suncoast Credit Union's website Share CertificateOn Suncoast Credit Union's website Deposit DetailsAnnual Percentage Yield (APY) 1.30% to 3.25% APY Minimum Deposit Amount $500 Pros & ConsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction. High interest rates Check mark iconA check mark. It indicates a confirmation of your intended interaction. $500 minimum opening deposit Check mark iconA check mark. It indicates a confirmation of your intended interaction. Standard term lengths Check mark iconA check mark. It indicates a confirmation of your intended interaction. Standard early withdrawal penalties Dash iconA dash. It often indicates an interaction to shrink a section. Some online banks may offer even higher interest rates HighlightsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.
Suncoast Credit Union Share Certificates have a low minimum opening deposit of $500. The share certificates also pay higher interest rates than the average CD. Suncoast Credit Union Money Market AccountAnnual Percentage Yield (APY) 0.70% to 1.25% APY Minimum Deposit Amount $1,000 Annual Percentage Yield (APY) 0.70% to 1.25% APY Minimum Deposit Amount $1,000 On Suncoast Credit Union's website Money Market AccountOn Suncoast Credit Union's website Deposit DetailsAnnual Percentage Yield (APY) 0.70% to 1.25% APY Minimum Deposit Amount $1,000 Pros & ConsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction. Solid interest rate Check mark iconA check mark. It indicates a confirmation of your intended interaction. No monthly service fees Check mark iconA check mark. It indicates a confirmation of your intended interaction. Paper checks included Dash iconA dash. It often indicates an interaction to shrink a section. Online banks may offer a higher interest rate Dash iconA dash. It often indicates an interaction to shrink a section. $1,000 minimum opening deposit Dash iconA dash. It often indicates an interaction to shrink a section. No debit card included HighlightsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.
You might like the Suncoast Credit Union Money Market Account if you have at least $1,000 for a minimum opening deposit. It offers a much higher interest rate than the institution's share account, regardless of your account balance. You'll also have easier access to your money because this account includes paper checks. How Suncoast Credit Union worksSuncoast Credit Union is a certified community development financial institution (CDFI) with 75 branches in Florida. Members have access to over 55,000 ATMs through the CO-OP ATM network. To be eligible for membership at Suncoast Credit Union, you or a family member must live, work, go to school, or worship in one of over 35 eligible Florida counties listed here. To become a member, you'll need to open a savings account with at least $5. Customer support is available by phone from 7 a.m. to 8 p.m. ET on weekdays or 8 a.m. to 1 p.m ET on Saturdays. The credit union's mobile app is rated 4.3 out of 5 stars in the Google Play store and 4.8 out of 5 stars in the Apple store. Suncoast Credit Union is federally insured by the NCUA. When a credit union is federally insured, this means money will be safe even in the rare circumstance that a bank shuts down. Federally insured credit unions will have up to $250,000 secure in individual accounts. If you open a joint account, then you can have $250,000 protected per owner for $500,000 total. The role of community development financial institutionsCDFIs serve low-income and disadvantaged communities. Banks and credit unions have to undergo certification by the US Department of Treasury's Community Development Financial Institutions Fund and meet specific requirements to address banking barriers. Suncoast Credit Union has awarded over $2.7 million in scholarships to high school seniors living in nearby Florida counties. Furthermore, it has partnered with Tampa Bay Credit Unions for Kids since 1994, donating over $4 million to organizations like the John Hopkins All Children's Hospital and The Center for Autism. In 2020, the credit union also gave over 1,900 Paycheck Protection Program loans to small businesses impacted by the pandemic. Suncoast Credit Union trustworthiness and BBB ratingSuncoast Credit Union hasn't been involved in any recent public settlements. We also include ratings from the Better Business Bureau so you can understand how banks deal with customer issues. Suncoast Credit Union received an A+ rating from the BBB. BBB ratings aren't necessarily the be-all and end-all. You may want to talk to current customers or read online customer reviews to see if Suncoast Credit Union might be a good fit. Choosing between these two credit unions might depend on whether you meet the requirements for membership at either institution. To become a member at Suncoast Credit Union, you or a family member must live, work, go to school, or worship in one of over 35 eligible Florida counties. At VyStar Credit Union, membership is open to anyone who lives or works in an eligible Florida or Georgia county on this list. Active military or a veterans living anywhere in the world are also eligible for membership. If you're searching for a checking account, each financial institution has a worthwhile option. The VyStar Credit Union Free Checking Account provides early direct deposit, so your paycheck can get processed up to two days early. Meanwhile, the Suncoast Credit Union Smartly Checking Account provides access to over 55,000 free ATMs because the credit union is part of the CO-OP ATM network. Suncoast Credit Union vs. Ocean BankDeciding between these two local financial institutions may ultimately depend on where you live. To become a member at Suncoast Credit Union, you or a family member must live, work, go to school, or worship in one of over 35 eligible Florida counties. Ocean Bank is a Hispanic American-owned bank with 23 branches in South Florida. It has branches in Miami-Dade County (Miami, Miami Beach, Aventura, Coral Gables, Doral, Hialeah, and Pinecrest) and Broward County (Fort Lauderdale, Hollywood, and Weston). Your choice between the two institutions may also hinge on which accounts you'd like to open. Suncoast Coast Credit Union doesn't charge monthly service fees on savings accounts, checking accounts, and money market accounts. Meanwhile, Ocean Bank has a free checking account, but its savings accounts and money market accounts may involve monthly service fees if you don't maintain a specific account balance. Frequently asked questionsSuncoast Credit Union is located in Florida. It has over 75 branches throughout the state.
Suncoast Credit Union may be a good option if you want to open a checking account that makes it easy to avoid typical bank fees. The Smartly Checking Account doesn't charge monthly service fees. It also offers free overdraft protection. You can link your checking account to a savings account to avoid overdrawing from your account. You also might like Suncoast Credit Union if you're searching for share certificates. The credit union's share certificates have a low minimum opening deposit and pay solid interest rates compared to other brick-and-mortar financial institutions.
Sophia Acevedo, CEPF Junior Banking Reporter Sophia Acevedo is a junior banking reporter at Insider who covers banking and savings for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF). She joined Insider in July 2021 as a fellow for the Personal Finance Insider Reviews team. Before joining the Insider team, she was a freelancer based in Los Angeles and worked briefly in publishing. She also graduated from California State University Fullerton in 2020. You can reach out to her on Twitter at @sophieacvdo or send a quick email at . Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >> Read more Read less Top Offers From Our PartnersWhat is the money market rate at Suncoast Credit Union?Suncoast money market offers an APY starting at 0.05% and ranging up to 0.4% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.
Does Suncoast have a money market account?You can also open a Money Market account by calling our Member Care Center at 1-800-999-5887.
Does Suncoast have high yield savings accounts?Suncoast CU Share Membership Savings Account has an annual percentage yield of up to 0.050%, which is higher than the average interest rate for savings accounts. $0 monthly Service Charge available.
What bank in Florida has the highest interest rate?Savings rates at the largest banks in Florida. |
Suncoast credit union money market interest rates
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