In addition to their standard CDs and jumbo CDs, Suncoast Credit Union also offers a Smart Start certificate account. In normal market conditions, these products earn higher fixed rates than regular share certificates with lower balances, however, Suncoast and many other institutions have their yields much more inline with standard CDs at the moment. Jumbo certificates of $100,000 or more are also sold through Suncoast Credit Union. You can choose to have your interest credited back into the CD or deposited into another account – either external or internal to Suncoast – without incurring any fee. Compounding Interestĭividends for these accounts are compounded daily and credited monthly.

Jumbo CD Rates CD TermĪPY = Annual Percentage Yield Early Withdrawal FeesĪn early withdrawal fee of 90 days interest is charged if you withdraw funds from CDs with terms of 12 months or less and 180 days interest is charged for early withdrawals on terms 12 months or more. To put these yields above in perspective, the current national average for a 12 month CD and a 60 month CD sit at just 1.49% APY and 1.35% APY according to FDIC data. A traditional share certificate requires a minimum opening deposit and average daily balance of only $500. Suncoast deposits and savings are federally insured by the NCUA (FDIC equivalent for credit unions) up to $250,000. They were recently featured in our January, 2023 report of the best CD rates in Florida. Suncoast Credit Union CD (certificate of deposit) rates are currently providing yields that are much higher than the national average for each respective term.

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