The Ins & Outs of Saving

Getting educated is the first step in successful saving — and we can help. We believe it’s important that you understand how to maximize your efforts, in addition to putting money away for a rainy day. 

Select a Service:

  • Student-Savings-2.JPG

    A Penny Saved

    Putting money away today can serve as a protective cushion in the future. Since unexpected expenses and major purchases occur from time to time, it’s wise to have money in savings to back you up if you need it.

    These tips can help you get started:

    • Think small. Every dollar you save now will add up in the future, making life easier down the road.
    • Set goals. Identify short-term, intermediate and long-term goals for yourself. These will help you successfully budget and manage your money in the future.
    • Pay yourself first. Saving doesn’t mean you can’t spend, just make sure you pay yourself first. You can do this by putting a portion of everything you earn — whether allowance, gifts or a paycheck — in a savings account.
    • Start early. And the earlier, the better. The younger you are when you start saving, the longer your money stays in your savings account collecting interest.

Compare Savings

It’s never too early to establish good savings habits.  At Suncoast, you’ll get higher returns on your savings and a variety of products to chose from.

Choose a Product:

Product Name

Initial Deposit

Minimum Balance

Rate Type

Dividend Rates*

APY**

Term in Months

Show Product Detail
Regular Share Membership

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.
Show Product Detail
Special Share (Savings)

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.
Show Product Detail
Youth Certificate

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates*

1.09 %

APY**

1.10 %

Term in Months

6

  • Penalty will or may be imposed for early withdrawal.
Show Product Detail
Youth Certificate

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates*

1.29 %

APY**

1.30 %

Term in Months

12

  • Penalty will or may be imposed for early withdrawal.
Show Product Detail
Youth Certificate

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates*

2.23 %

APY**

2.25 %

Term in Months

18

  • Penalty will or may be imposed for early withdrawal.
Show Product Detail
Youth Certificate

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates*

1.78 %

APY**

1.80 %

Term in Months

24

  • Penalty will or may be imposed for early withdrawal.
Show Product Detail
Youth Certificate

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates*

2.08 %

APY**

2.10 %

Term in Months

36

  • Penalty will or may be imposed for early withdrawal.
Show Product Detail
Youth Certificate

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates*

2.32 %

APY**

2.35 %

Term in Months

48

  • Penalty will or may be imposed for early withdrawal.
Show Product Detail
Youth Certificate

Initial Deposit

$500.00

Minimum Balance

$500.00

Rate Type

Fixed

Dividend Rates*

2.57 %

APY**

2.60 %

Term in Months

60

  • Penalty will or may be imposed for early withdrawal.
Show Product Detail
Smart Start Certificate

Initial Deposit

$50.00

Minimum Balance

$50.00

Rate Type

Fixed

Dividend Rates*

1.54 %

APY**

1.55 %

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.

Choose a Product:

Product Name

Initial Deposit

Account Balance

Rate Type

Dividend Rates*

APY**

Term in Months

Show Product Detail
Uniform Transfers to Minors

Initial Deposit

$0.00

Account Balance

$0.00 - $999.99

Rate Type

Variable

Dividend Rates*

0.15 %

APY**

0.15 %

Term in Months

N/A

  • A custodial account, established under the Florida Uniform Transfers to Minors Account, UTMA can be used as a savings, checking, certificate or money market account and allows you to permanently transfer funds to a minor.
  • Funds withdrawn can only be used for the designated minor.
  • Dividends are compounded monthly and credited monthly.
Show Product Detail
Uniform Transfers to Minors

Initial Deposit

$0.00

Account Balance

$1,000.00 and greater

Rate Type

Variable

Dividend Rates*

0.50 %

APY**

0.50 %

Term in Months

N/A

  • A custodial account, established under the Florida Uniform Transfers to Minors Account, UTMA can be used as a savings, checking, certificate or money market account and allows you to permanently transfer funds to a minor.
  • Funds withdrawn can only be used for the designated minor.
  • Dividends are compounded monthly and credited monthly.
student

Student-Run Branch Program

student

At Suncoast, we want all our members to be confident in managing and understanding finances — especially our youngest members. That’s why we created a student-run branch program. This unique program trains select students to perform marketing and transaction duties within more than 30 school branches throughout six local counties. Students work together in a team to spread awareness of credit unions and the services they provide to teens. Students gain a greater understanding of managing finances and budgeting — invaluable skills as you move into the future. 

Click on the Contact Us button below to get more information about starting a branch program in your school.