Suncoast Members! Take Your Earnings to New Heights
Are you getting the best bang for your buck? Take advantage of our special offer and boost your savings with our 6-month or 12-month share certificate!
Start Earning More on Each Dollar You Bring to Suncoast - It's Simple!
Bring your money to Suncoast and watch your earnings soar to new heights! Whether you’re looking to boost your savings quickly or planning for long-term growth, we have great options for you! Earn 4.00% APY* with our 6-month certificate or choose a 12-month term and earn 5.00% APY*.
VISIT A BRANCH TODAY TO OPEN YOUR NEW ACCOUNT AND WATCH YOUR SAVINGS SKYROCKET!
Unable to make it in person? Reach out to our Member Care Center by phone.
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Follow the Steps Below to Get Started
Looking to optimize your earnings with funds you have at other financial institutions? Bring your money to Suncoast and watch your earnings soar to new heights!
Unable to make it in person? Reach out to our Member Care Center by phone.
Ready to maximize your savings? Before you get started, all you have to do is become a Suncoast member. A minimum $5 deposit into a share savings account is all it takes to start your membership.
- Become a Suncoast member.
- Open your new share certificate account at a Suncoast location near you or by calling our Member Care Center.
- Watch your savings grow with a great rate!
What is a Share Certificate
A share certificate is a method of saving money. It’s similar to a certificate of deposit (CD) that many banks offer, but it’s issued by a credit union.
Share certificates are different from regular savings accounts because the money stays in the account for a specific amount of time. This amount of time is called the term. Share certificates also often yield higher returns than a regular savings account, which means your money can grow more over time.
Benefits of Share Certificates
Make the most of benefits, like:
- High yield
- Fixed rates
- Guaranteed returns
- Automatic renewal
- Helps short- or long-term goals
- Only $500 opening deposit required
- Transfer funds from another financial institution to open your share account
How to Connect an External Account
If you’re ready to transfer funds from another institution to open your share account, it’s easy!
- Log in and go to External Transfers
- Click Add External Account
- Follow the prompts to choose the financial institution you want to connect
- Enter your credentials to access the external financial institution’s online banking or mobile site
- Depending on the account, you may be prompted to receive a security code or verification method
- Finish following the prompts until you get a confirmation message that your external account is ready for transfers
Frequently Asked Questions (FAQs)
Suncoast members can easily open a share certificate by logging in to your account, going to “Open & Apply” and following the prompts.
If you want to transfer funds from another financial institution and don’t have that account connected to your Suncoast account yet, here are the steps to follow:
- Log in and go to External Transfers
- Click Add External Account
- Follow the prompts to choose the financial institution you want to connect
- Enter your credentials to access the external financial institution’s online banking or mobile site
- Depending on the account, you may be prompted to receive a security code or verification method
- Finish following the prompts until you get a confirmation message that your external account is ready for transfers
You can also visit a Suncoast branch to open an account in-person.
For share certificates, APY stands for annual percentage yield. It indicates how much you will earn on deposits over a year. So, it’s similar to an APR (annual percentage rate) on a loan, but you earn money instead of owe money!
Share certificates are offered for a set time period, called a term. When you choose a share certificate, you keep your money in the account for the entire time period or you may be penalized.
Share certificates may require a specific initial deposit and a minimum balance, and longer terms tend to have higher dividend rates.
The penalty amount is based on the term of the certificate. For terms of 6 and 12 months, the penalty is typically 90 days of dividends. For terms of 18 months or greater, the penalty is typically 180 days of dividends.
Penalties are only assessed on the amount withdrawn. If the withdrawn amount is below the required minimum balance, the share certificate must be closed.
View CD rates & disclosures for complete details.
Yes! You will receive a secure message in SunNet and/or get a maturation notification in the mail.
No, you cannot add additional funds to an established certificate. However, you can always open a new certificate online or in person with terms and rates that work for you.
Annual Percentage Yield (APY) accurate as of 9/1/2023. Rates subject to change without notice. 4.00% APY* is only available on the 6-month and 5.00% APY is only available for 12-month terms. View CD rates & disclosures for complete details. For all Certificate products, APY assumes dividends remain on deposit until maturity date. Penalty will or may be imposed for early withdrawal with no loss of initial investment: 90 days of dividends on terms of 12 months or less; 180 days of dividends on terms longer than 12 months. Fees may reduce earnings. Dividends are compounded daily and credited monthly. Membership qualification and account opening required.