Suncoast Credit Union offers both regular and jumbo CDs that typically offer APYs higher than the national average. Regular CDs require an opening deposit of at least $500, while the minimum for jumbo CDs is $100,000.
Like most regular CDs, Suncoast Credit Union CDs have an early withdrawal penalty. The penalty on CD with terms of one year or less is 90 days of dividends, while those with longer terms are subject to a penalty of 180 days of dividends.
Suncoast features a Smart Start certificate, a one-year CD that requires just $50 to open and pays the same yield as its regular and jumbo one-year CDs. But it requires additional monthly deposits of $40 or more through payroll deduction or automatic transfer for the duration of the term.