Retirement Savings Options

Suncoast Credit Union offers many retirement savings options to help you save for your post-work life, including Deferred Retirement Option Plans (DROPs).

Select a Service:

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    It’s never too soon to start making smart decisions regarding your retirement. Suncoast can help with those decisions. We provide a variety of information, planning tools, products and services to help members achieve peace of mind and financial security in retirement.

    Find information regarding IRAs, 403bs, 457s and DROPs on our Retirement Planning page.

    Deferred Retirement Option Plans

    If you’re retiring from the Florida school system and need help deciding what to do with your Deferred Retirement Option Plan (DROP), Suncoast can help. Our advisors work one-on-one with members to determine the best possible distribution plan for your retirement funds.

    For the full range of retirement options and services, visit our Retirement Accounts page.

Choose a Product:

Product Name

Initial Deposit

Minimum Balance

Rate Type

Dividend Rates

 

APY**

Term in Months

Show Product Detail
Regular Share Membership - $5

Initial Deposit

$5.00

Minimum Balance

$5.00

Rate Type

Variable

Dividend Rates  

0.15 %

APY**

0.15 %

Term in Months

N/A

  • The account you get when you first become a Suncoast member, your Share Savings requires only a $5 opening deposit and gives you access to all other Suncoast products and services.
  • This traditional savings plan pays competitive dividends that will help your money grow.
  • Dividends are compounded monthly and credited monthly.
  • You must maintain a balance of $5 to stay a member.
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Special Share (Savings) - $0

Initial Deposit

$5.00

Minimum Balance

$0.00

Rate Type

Variable

Dividend Rates  

0.15 %

APY**

0.15 %

Term in Months

N/A

  • Save for special occasions such as vacations, holiday spending or for anything you want to keep separate from your other savings accounts.
  • You'll earn dividends at the regular share rate and there's no minimum balance requirement.
  • Dividends are compounded monthly and credited monthly.
  • On variable rate accounts the rate may change after account opening.
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Jumbo Certificate - 6 mos.

Initial Deposit

$100,000.00

Minimum Balance

$100,000.00

Rate Type

Fixed

Dividend Rates  

1.49 %

APY**

1.50 %

Term in Months

6

  • Highest dividend rates, highest earnings and best return for large deposits.
  • Initial deposit and minimum balance of $100,000 is required.
  • Terms to fit your savings goals.
  • Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
  • 60-month IRA/Roth/SEP Jumbo certificate rates are 3.00% APY.
  • 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.
  • Dividends are compounded daily and credited monthly.
  • Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
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Jumbo Certificate - 12 mos.

Initial Deposit

$100,000.00

Minimum Balance

$100,000.00

Rate Type

Fixed

Dividend Rates  

1.73 %

APY**

1.75 %

Term in Months

12

  • Highest dividend rates, highest earnings and best return for large deposits.
  • Initial deposit and minimum balance of $100,000 is required.
  • Terms to fit your savings goals.
  • Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
  • 60-month IRA/Roth/SEP Jumbo certificate rates are 3.00% APY.
  • 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.
  • Dividends are compounded daily and credited monthly.
  • Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
Show Product Detail
Jumbo Certificate - 18 mos.

Initial Deposit

$100,000.00

Minimum Balance

$100,000.00

Rate Type

Fixed

Dividend Rates  

1.98 %

APY**

2.00 %

Term in Months

18

  • Highest dividend rates, highest earnings and best return for large deposits.
  • Initial deposit and minimum balance of $100,000 is required.
  • Terms to fit your savings goals.
  • Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
  • 60-month IRA/Roth/SEP Jumbo certificate rates are 3.00% APY.
  • 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.
  • Dividends are compounded daily and credited monthly.
  • Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
Show Product Detail
Jumbo Certificate - 24 mos.

Initial Deposit

$100,000.00

Minimum Balance

$100,000.00

Rate Type

Fixed

Dividend Rates  

2.42 %

APY**

2.45 %

Term in Months

24

  • Highest dividend rates, highest earnings and best return for large deposits.
  • Initial deposit and minimum balance of $100,000 is required.
  • Terms to fit your savings goals.
  • Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
  • 60-month IRA/Roth/SEP Jumbo certificate rates are 3.00% APY.
  • 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.
  • Dividends are compounded daily and credited monthly.
  • Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
Show Product Detail
Jumbo Certificate - 36 mos.

Initial Deposit

$100,000.00

Minimum Balance

$100,000.00

Rate Type

Fixed

Dividend Rates  

2.66 %

APY**

2.70 %

Term in Months

36

  • Highest dividend rates, highest earnings and best return for large deposits.
  • Initial deposit and minimum balance of $100,000 is required.
  • Terms to fit your savings goals.
  • Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
  • 60-month IRA/Roth/SEP Jumbo certificate rates are 3.00% APY.
  • 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.
  • Dividends are compounded daily and credited monthly.
  • Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
Show Product Detail
Jumbo Certificate - 48 mos.

Initial Deposit

$100,000.00

Minimum Balance

$100,000.00

Rate Type

Fixed

Dividend Rates  

2.91 %

APY**

2.95 %

Term in Months

48

  • Highest dividend rates, highest earnings and best return for large deposits.
  • Initial deposit and minimum balance of $100,000 is required.
  • Terms to fit your savings goals.
  • Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
  • 60-month IRA/Roth/SEP Jumbo certificate rates are 3.00% APY.
  • 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.
  • Dividends are compounded daily and credited monthly.
  • Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
Show Product Detail
Jumbo Certificate - 60 mos.

Initial Deposit

$100,000.00

Minimum Balance

$100,000.00

Rate Type

Fixed

Dividend Rates  

3.15 %

APY**

3.20 %

Term in Months

60

  • Highest dividend rates, highest earnings and best return for large deposits.
  • Initial deposit and minimum balance of $100,000 is required.
  • Terms to fit your savings goals.
  • Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
  • 60-month IRA/Roth/SEP Jumbo certificate rates are 3.00% APY.
  • 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.
  • Dividends are compounded daily and credited monthly.
  • Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
Show Product Detail
Share Certificate - 6 mos.

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates  

1.49 %

APY**

1.50 %

Term in Months

6

  • Higher dividend rates, higher earnings, easy automatic savings.
  • Terms to fit your financial needs.
  • Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP/DCP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
  • 60-month IRA/Roth/SEP Share Certificate rates are 3.00% APY.
  • Initial deposit and minimum balance of $500 is required.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.
Show Product Detail
Share Certificate - 12 mos.

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates  

1.73 %

APY**

1.75 %

Term in Months

12

  • Higher dividend rates, higher earnings, easy automatic savings.
  • Terms to fit your financial needs.
  • Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP/DCP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
  • 60-month IRA/Roth/SEP Share Certificate rates are 3.00% APY.
  • Initial deposit and minimum balance of $500 is required.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.
Show Product Detail
Share Certificate - 18 mos.

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates  

1.98 %

APY**

2.00 %

Term in Months

18

  • Higher dividend rates, higher earnings, easy automatic savings.
  • Terms to fit your financial needs.
  • Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP/DCP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
  • 60-month IRA/Roth/SEP Share Certificate rates are 3.00% APY.
  • Initial deposit and minimum balance of $500 is required.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.
Show Product Detail
Share Certificate - 24 mos.

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates  

2.23 %

APY**

2.25 %

Term in Months

24

  • Higher dividend rates, higher earnings, easy automatic savings.
  • Terms to fit your financial needs.
  • Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP/DCP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
  • 60-month IRA/Roth/SEP Share Certificate rates are 3.00% APY.
  • Initial deposit and minimum balance of $500 is required.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.
Show Product Detail
Share Certificate - 36 mos.

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates  

2.47 %

APY**

2.50 %

Term in Months

36

  • Higher dividend rates, higher earnings, easy automatic savings.
  • Terms to fit your financial needs.
  • Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP/DCP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
  • 60-month IRA/Roth/SEP Share Certificate rates are 3.00% APY.
  • Initial deposit and minimum balance of $500 is required.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.
Show Product Detail
Share Certificate - 48 mos.

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates  

2.71 %

APY**

2.75 %

Term in Months

48

  • Higher dividend rates, higher earnings, easy automatic savings.
  • Terms to fit your financial needs.
  • Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP/DCP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
  • 60-month IRA/Roth/SEP Share Certificate rates are 3.00% APY.
  • Initial deposit and minimum balance of $500 is required.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.
Show Product Detail
Share Certificate - 60 mos.

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates  

2.96 %

APY**

3.00 %

Term in Months

60

  • Higher dividend rates, higher earnings, easy automatic savings.
  • Terms to fit your financial needs.
  • Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP/DCP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
  • 60-month IRA/Roth/SEP Share Certificate rates are 3.00% APY.
  • Initial deposit and minimum balance of $500 is required.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.
Show Product Detail
Smart Start Certificate - 12 mos.

Initial Deposit

$50.00

Minimum Balance

$50.00

Rate Type

Fixed

Dividend Rates  

1.73 %

APY**

1.75 %

Term in Months

12

  • An easy way to start a regular savings plan - get started with only a $50 opening deposit and a commitment to at least $40 per month made by payroll deduction or automatic transfer. Within 12 months, you'll have saved $500 which you can then roll over into a traditional certificate account.
  • Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
  • 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.
  • Dividends are compounded daily and credited monthly.