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Suncoast Credit Union Review 2024

Updated January 4, 2024
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At a glance

4.3
Rating: 4.3 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4.9 stars out of 5

Checking

Rating: 4.4 stars out of 5

Savings

Rating: 3.5 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
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Bank logo
Member FDIC
Savings Account
4.25
%
APY
APY
Info
As of 5/18/2024
Rating: 4.4 stars out of 5
$1
Min. balance for APY
View offer Arrow Right
Promoted offer:
Bank logo
Member FDIC.
Savings Account
5.25
%
APY
APY
Info
As of 5/18/2024
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: No fees. Easy deposits and quick withdrawals.
Bank logo
Member FDIC
Savings Account
5.15
%
APY
APY
Info
As of 5/18/2024
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: No account fees, unlimited withdrawals, better for the planet

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.

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Suncoast Credit Union banking products

3.5
Rating: 3.5 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 below-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.

  • Checkmark

    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.

  • See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

    Suncoast Credit Union
    APY
    APY
    Info
    National average APY
    How do we get this data?
    Info
Compare Offer
Sponsored Offer
Info

This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.

Bank logo
Member FDIC
Savings Account
4.25
%
APY
APY
Info
As of 5/18/2024
Rating: 4.4 stars out of 5
Info
$1
Min balance for APY
Promoted offer:

Bank fees

Fee Charged
Overdraft fee $29
Non-sufficient funds fee $29
Monthly maintenance fee $0
Out-of-network ATM fee $1.50
Excessive transaction fee $0

Customer experience

Customer support

Branch availability: Suncoast has 75 branches and offers tens of thousands of in-network ATMs.

Customer service: Suncoast can be reached by phone Monday through Friday from 7 a.m. to 8 p.m and Saturday from 8 a.m. to 1 p.m.

Digital experience

Suncoast offers mobile banking through a well-rated app available on the Apple store and Google Play. 

How does Suncoast Credit Union compare to other banks?

Suncoast Credit Union vs. VyStar Credit Union

Suncoast Credit Union and VyStar Credit Union both serve thousands of members in Florida, and VyStar also has members in select counties in Georgia. Both credit unions offer a full range of deposit accounts. While both credit unions pay lackluster rates on their savings accounts, both offer yields on CDs that are above national averages. 

Both Suncoast and VyStar offer checking accounts with no monthly service fees. Suncoast belongs to the Co-op ATM network, however, so it provides its members with more fee-free ATMs.

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.

Suncoast Credit Union FAQs

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.