Suncoast Credit Union (FL) Adds 18-Month Jumbo CD, 3.20% APY


Deal Summary: 18-month Jumbo Share Certificate, 3.20% APY, $100k minimum deposit, new money.

Availability: 39 Florida counties.

Suncoast Credit Union (Suncoast CU) has added a series of Jumbo Share Certificates (JSC) “specifically designed for investors seeking premium rates.” Of the seven JSCs, the most competitive rate is offered on the 18-month: 3.20% APY. Any of the JSCs can be opened with a $100k minimum deposit, but the 18-month requires new money.

3.20%$100k-Suncoast Credit Union18 Month Jumbo CD Special - New Money
Rates as of March 23, 2019.

Based on the promotion page, the 3.20% APY may not last long.

And for a limited time only, you can earn 3.20% APY on an 18-month Jumbo
Share Certificate account when you bring your new deposits to Suncoast.

As stated in the fine print on the Jumbo Share Certificate page, the Early Withdrawal Penalty reads as follows:

Penalty will or may be imposed for early withdrawal with no loss of
initial investment: 180 days of dividends on terms longer than 12 months.

In other words, no matter when you make a withdrawal, the principal will remain intact. If a withdrawal occurs before Day 180, all earned dividends will be forfeited, but the principal will not be touched.

Thanks to DA reader, glasses, for the Forum post about the new Jumbo Share Certificates.


Headquartered in Tampa, Suncoast Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in any of the following Florida counties eligible to join:

Alachua, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Desoto, Dixie, Duval, Gilchrist, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lake, Lee, Leon, Levy, Manatee, Marion, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Pascoe, Pinellas, Polk, Sarasota, Seminole, St. Johns, St. Lucie, Sumter or Volusia.

Since I last wrote about Suncoast CU in 2016, the number of eligible counties has nearly doubled. The FOM now consists of almost 60% of all Florida counties, including the Orlando and Miami metropolitan areas.

Immediate family members of current Suncoast CU members also qualify for membership, as do alumni of Florida College (Temple Terrace).

Joining Suncoast CU can be done online, or in person at any of 67 Florida branches located along the Gulf of Mexico coast from Chiefland to Naples.

Opening a Jumbo Share Certificate can be done in-branch or by calling 800.999.5887, extension 88400.

Credit Union Overview

Suncoast Credit Union has an overall health grade of "A" at, with an excellent Texas Ratio of 4.11%, based on September 30, 2018 data. In the past year, Suncoast CU has increased its total non-brokered deposits by $417.28 million, an excellent annual growth rate of 5.58%. Please refer to our financial overview of Suncoast Credit Union (NCUA Charter #68645) for more details.

Founded in 1934 as the Hillsborough County Teachers Credit Union, Suncoast Credit Union is currently Florida’s largest credit union, with nearly 797,000 members and assets in excess of $9.2 billion. While the original charter was amended to include teachers from additional counties, the FOM remained focused on educators for more than 55 years. The Credit Union converted to a state charter in December 2013, adopting the Suncoast Credit Union name and a new logo.

In the past two years, Suncoast Credit Union was,

named the Best Bank in Florida (2017-2018) by Money magazine as part of their Best Banks in America article. Local readers also voted Suncoast as the Best Bank for the 2017 Best of the Bay awards by Creative Loafing.

How the Jumbo Share Certificate Compares

When compared to the similar length-of-term CDs tracked by that are available within the FOM, Suncoast Credit Union’s 18-month Jumbo Share Certificate APY currently shares the top spot with NASA Federal Credit Union’s 15-month Share Certificate Special APY, regardless of minimum deposit requirements.

The above rates are accurate as of 2/4/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Orlando CD rates, Tampa CD rates, Ft. Myers CD rates, Gainesville CD rates, 1-year CD rates

Kryptock   |     |   Comment #1
Can’t seem to find the ach limits
Please advise dollar limits and ease of funds in and out
Call the credit union
Call the credit union   |     |   Comment #2
Call the credit union and report the info here.
Kryptock   |     |   Comment #3
No ach
Must send check
No branches close to many of
Membership areas
Check mailed upon maturation.
Again ..... no ach possible.
Kirkland   |     |   Comment #4
On the jumbo certificate, I spoke to a rep and you can wire out or mail out funds at maturity, but not ACH out. Also they will not auto setup to mail out dividend checks monthly, however you can arrange to have the dividend go into your savings account monthly and then further arrange to transfer it out (think the ACH out limit is small like under $1000). (not convenient) The monthly dividend rate is 3.15%
kjm   |     |   Comment #5
after longer than acceptable time on hold
found out ach is an archaic $1k per day
when we are talking out jumbo cd's I would hope the limit was somewhat more ...............
8832   |     |   Comment #6
I bank at this CU but their customer service response time leaves something to be desired. Ultra long wait times on hold if you are lucky not to get disconnected or passed on to someone else. I just make deposits there and quickly send the funds out to other online institutions. You can get faster response time if you use their facebk page. Transfer times between SCCU and Ally is 1 business day.
barry   |     |   Comment #7
gave up after 20 minutes on hold and one disconnect
not what I expect for a $100k+ deposit !!!!!
a little guy
a little guy   |     |   Comment #8
They should a "priority line" for "big investors"?
#9 - This comment has been removed for violating our comment policy.
RJM   |     |   Comment #10
I had a similar situation at Andrews last year after I made a shared branch deposit, they did not answer the phone and they did not return my call despite their system saying they would.

I sent a secure message explaining that. They got my secure message and opened the CD the next day. I was not happy because my money sat at their low rate savings account for a day because they did not return my call.

I asked them to back date it and they said they did but online, its still showing the original maturity date. They even sent me a copy of the CD with the newer date. But I'm probably going to have to follow up to make sure.
I don't qualify for this deal but I am doing the similar NASA 15 month for 3.20%.
#11 - This comment has been removed for violating our comment policy.
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