From its humble beginning in 1934, when a handful of local educators founded Hillsborough County Teachers Credit Union, Suncoast Schools Federal Credit Union has grown into the largest financial institution headquartered on the west coast of Florida.
The Suncoast Schools Federal Credit Union CD rates are the focus by Highest CD Rates. This first update of the new year has some good news, the best CD rate from our last update has just gotten better. The increase on the 5 year CD is 0.15% in the APY.
The remaining Suncoast Schools Federal Credit Union certificate of deposit rates have remained constant over this same period of time.
The current CD rates include the 6 month CD that is earning an APY of 0.30%. The 1 year CD is earning an APY of 0.50%.
The 18 month CD is earning an APY of 0.70%. The 2 year CD is earning an APY of 0.90%. The 3 year CD is earning an APY of 1.30%.
The 4 year CD is earning an APY of 1.50%. The best CD rates are from the 5 year CD that is earning an APY of 1.75%.
The minimum amount of deposit for you to obtain the CD rates being offered by Suncoast Schools Federal Credit Union is still $500. The accounts earn interest on a daily basis that is compounded but the payouts only occur monthly. The above CD rates are good for the standard CDs, IRA CDs, along with the CDs for the Roth, SEP and DCD accounts.
The Suncoast Schools Federal CD rates were posted on October 25, 2011 but are still current for the new year. All rates are subject to change without notice.
Originally formed to meet the financial service needs of teachers in Hillsborough County, the field of membership was gradually increased. A charter amendment in 1953 expanded the field of membership to include Pasco, Hernando, Citrus, DeSoto, and Hardee County teachers; by the end of 1957, Manatee, Levy, and Sumter Counties were included; and Charlotte County was added in 1959. By that time, services had been extended to all school employees - not just teachers.
Yet the primary driving force behind the Credit Union's success is exactly what it was 70 years ago. Suncoast remains a not-for-profit, financial cooperative that exists to meet the financial needs of its membership. The members are the owners of the Credit Union. They elect a volunteer Board of Directors that establishes policies that are implemented by the management and staff.
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