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Suncoast Credit Union Review 2023

Updated January 6, 2023
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At a glance

3.9
Rating: 3.9 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4 stars out of 5

Checking

Rating: 4 stars out of 5

Savings

Rating: 3 stars out of 5

MMA

Rating: 3.6 stars out of 5

About Bankrate Score

Overview

Suncoast Credit Union is best for Floridians seeking out accounts with few fees at a community-focused institution.

Highlights

  • Highly Rated App
  • No Monthly Fees
Compare offers
Bank logo
Member FDIC
Savings Account
3.30
%
APY
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.30
%
APY
Rating: 4.7 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.40
%
APY
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

Suncoast Credit Union is Florida’s largest credit union. It offers savings accounts, a checking account, regular and jumbo CDs, a money market account and other banking options to its members.

Pros

  • Checkmark

    Suncoast members have access to tens of thousands of in-network ATMs, including those in the CO-OP and Publix Presto! networks.

  • Checkmark

    Suncoast offers competitive yields on CDs and some tiers of its money market account.

  • Checkmark

    The credit union serves its community through various outreach programs and fundraisers.

Cons

  • Those outside of the 39 Florida counties it serves might not be eligible for membership.

  • Higher yields for some products can be found at other banks or credit unions.

Suncoast Credit Union bank products

3.0
Rating: 3 stars out of 5
Bankrate Score

Suncoast Credit Union savings overview

Suncoast Credit Union offers a Regular Share Membership savings account and a Special Share Savings account. Both earn slightly above-average interest rates.

Establishing a Regular Share Membership savings account is required to become a member of the credit union, assuming other membership requirements are met. A minimum deposit of $5 is needed to open the account and maintain membership in the credit union.

The Special Share savings account is a separate savings account designed to serve as a supplement to the Regular Share account and be utilized for specific savings goals, such as a vacation. It comes with no monthly fee.

Pros

  • Checkmark

    Only $5 is needed to open a Regular Share Membership savings account.

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    A $5 balance is all that’s required to keep the account open and maintain credit union membership.

  • Checkmark

    Members can take advantage of a separate, free Special Share savings account for specific savings goals.

Cons

  • Higher yielding savings accounts are available elsewhere.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.30
%
APY
Rating: 4.9 stars out of 5
Info
$0
Min balance for APY
View offer Arrow Right

Bank experience

Suncoast Credit Union has 75 branches, primarily in southwest Florida. Immediate family members of Suncoast members, alumni of Florida colleges and residents of 39 Florida counties are eligible for membership. The credit union also offers mobile banking through a well-rated app available on the Apple store and Google Play.

Suncoast members can access tens of thousands of ATMs through the CO-OP and Publix Presto! networks. Members can also use in-network ATMs at some McDonald’s in select counties. Suncoast has 31 walk-up and 47 drive-thru Interactive Teller Machines (ITMs) that allow customers to conduct bank business virtually with a live teller. ITM hours are 7 a.m. to 8 p.m. Eastern time, weekdays, and 8 a.m. to 1 p.m., Saturdays.

Suncoast Credit Union donates 2 cents to local health and education projects each time its members use their debit cards to make purchases.

About Suncoast Credit Union

Suncoast Credit Union is Florida’s largest credit union and ranks tenth among U.S. credit unions with just over 1 million members. It has 75 branches and offers tens of thousands of in-network ATMs.

Suncoast Credit Union was chartered in 1978. Its main office is in Tampa, Florida, and it serves 39 counties in the state. Anyone who lives, works, worships or attends school in one of those counties can become a member of the credit union. In addition to its financial products, Suncoast also participates in community outreach programs, including providing financial literacy workshops and partnering with local youth organizations.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.