Individual Retirement Account Options
Suncoast Credit Union offers IRA options to help you save for your post-work life and benefit from the available tax advantages.
- Overview
- Student Savings
- Save Automatically
- IRAs
- Health Savings Accounts
- Education Savings Accounts
- College Savings Calculator
Select a Service:
-
IRAs
It’s never too soon to start making smart decisions regarding your retirement. Suncoast can help with IRA options to help members achieve peace of mind and financial security in retirement.
Open IRA Account Manage IRA Account
Find the Right IRA for You
There are different IRA options to choose from, depending on your particular needs and retirement lifestyle goals. You can enroll in either option without employer participation.
Traditional IRA
A Traditional IRA is a retirement savings account with tax advantages. The funds you contribute to a traditional IRA could be tax-deductible. Usually, the money you contribute to a traditional IRA won’t be taxed until you withdraw it.
Your assets are easy to access and investment options are flexible.
When eligible, tax deduction for traditional IRAs can happen immediately when you contribute.
Roth IRA
A Roth IRA is also a retirement savings account with tax advantages. Roth IRAs have no age limits, though there are defined limits for eligible compensation.
Roth IRAs have no minimum distributions requirements during your lifetime. Your assets are easy to access and investment options are flexible.
Visit our blog to learn more about what an IRA is and the differences between the IRA types
Certificate Account Options
Our certificate account options can help you save for short-term plans or long-term plans, like retirement. From share certificates to IRA certificates, there is an option to suit all of your savings needs.
IRA certificates are a great choice for longer-term savings and retirement planning thanks to their tax benefits. And if you have a DROP account that you need to take action on, you can keep your funds working for you by rolling over your funds into a Suncoast IRA certificate.
Choose a Product:
Minimum Balance
Rate Type
Fixed or Variable
Dividend Rates
APY**
Annual Percentage Yield
IRA/Roth/SEP Certificate 6 Month Term
Minimum Balance
$500.00
Rate Type
Fixed
Dividend Rates
4.162 %
APY**
4.250 %
IRA/Roth/SEP Certificate 12 Month Term
Minimum Balance
$500.00
Rate Type
Fixed
Dividend Rates
5.117 %
APY**
5.250 %
IRA/Roth/SEP Certificate 18 Month Term
Minimum Balance
$500.00
Rate Type
Fixed
Dividend Rates
4.784 %
APY**
4.900 %
IRA/Roth/SEP Certificate 24 Month Term
Minimum Balance
$500.00
Rate Type
Fixed
Dividend Rates
4.784 %
APY**
4.900 %
IRA/Roth/SEP Certificate 36 Month Term
Minimum Balance
$500.00
Rate Type
Fixed
Dividend Rates
3.778 %
APY**
3.850 %
IRA/Roth/SEP Certificate 48 Month Term
Minimum Balance
$500.00
Rate Type
Fixed
Dividend Rates
3.874 %
APY**
3.950 %
IRA/Roth/SEP Certificate 60 Month Term
Minimum Balance
$500.00
Rate Type
Fixed
Dividend Rates
3.970 %
APY**
4.050 %
Jumbo IRA/Roth/SEP Certificate 6 Month Term
Minimum Balance
$100,000.00
Rate Type
Fixed
Dividend Rates
4.402 %
APY**
4.500 %
Jumbo IRA/Roth/SEP Certificate 12 Month Term
Minimum Balance
$100,000.00
Rate Type
Fixed
Dividend Rates
5.354 %
APY**
5.500 %
Jumbo IRA/Roth/SEP Certificate 18 Month Term
Minimum Balance
$100,000.00
Rate Type
Fixed
Dividend Rates
4.784 %
APY**
4.900 %
Jumbo IRA/Roth/SEP Certificate 24 Month Term
Minimum Balance
$100,000.00
Rate Type
Fixed
Dividend Rates
4.784 %
APY**
4.900 %
Jumbo IRA/Roth/SEP Certificate 36 Month Term
Minimum Balance
$100,000.00
Rate Type
Fixed
Dividend Rates
4.018 %
APY**
4.100 %
Jumbo IRA/Roth/SEP Certificate 48 Month Term
Minimum Balance
$100,000.00
Rate Type
Fixed
Dividend Rates
4.114 %
APY**
4.200 %
Jumbo IRA/Roth/SEP Certificate 60 Month Term
Minimum Balance
$100,000.00
Rate Type
Fixed
Dividend Rates
4.210 %
APY**
4.300 %
Additional Information
-
IRA/Roth/SEP Certificate
- Higher dividend rates, higher earnings, easy automatic savings.
- Terms to fit your financial needs.
- Types of Share Certificates available: Retirement: IRA/Roth/SEP
- Initial deposit and minimum balance of $500 is required.
- Suncoast members may open a new IRA Certificate by visiting a service center or calling our Member Care Center at 800.999.5887.
- Penalty will or may be imposed for early withdrawal with no loss of initial investment.
- Dividends are compounded daily and credited monthly.
- APY determined at time of funding.
- For members age 59-1/2 years or older a one-time per 12-months opportunity to step up your CD interest rate are higher.
-
Jumbo IRA/Roth/SEP Certificate
- Higher dividend rates, higher earnings, easy automatic savings.
- Terms to fit your financial needs.
- Types of Share Certificates available: Retirement: IRA/Roth/SEP.
- Initial deposit and minimum balance of $100,000 is required.
- Suncoast members may open a new IRA Certificate by visiting a service center or calling our Member Care Center at 800.999.5887.
- Penalty will or may be imposed for early withdrawal with no loss of initial investment.
- Dividends are compounded daily and credited monthly.
- APY determined at time of funding.
- For members age 59-1/2 years or older a one-time per 12-months opportunity to step up your CD interest rate if the current rates are higher.
