Suncoast Credit Union Money Market Rates
Suncoast Credit Union provides money-saving products, including competitive CD rates, money market accounts, and savings accounts. This guide will compare Suncoast Credit Union's interest rates to CD, money market, and savings account rates from the top banks in the USA.
Let's take a look!
Suncoast Credit Union Money Market Rates
| Minimum Balance | APY |
|---|---|
| $0.01 | 0.05% |
| $1,000.00 | 0.20% |
| $25,000.00 | 0.25% |
| $50,000.00 | 0.30% |
Suncoast Savings Account Rates
| Type | Minimum Balance | APY |
|---|---|---|
| Regular Savings | $5.00 | 0.05% |
Suncoast Credit Union CD Rates
| Term | Minimum Balance | APY |
|---|---|---|
| 6 Month CD | $500 | 0.30% |
| 12 Month CD | $500 | 0.40% |
| 18 Month CD | $500 | 0.45% |
| 24 Month CD | $500 | 0.55% |
| 36 Month CD | $500 | 0.70% |
| 48 Month CD | $500 | 0.85% |
| 60 Month CD | $500 | 0.95% |
Certificates of Deposit vs. Fixed Annuity
The Top Fixed Annuities
Fixed annuities offer a guaranteed return for a set amount of years, similar to a CD. Guaranteed crediting rates for the terms below:
- 2 YEAR TERM: 2.15%
- 3 YEAR TERM: 2.60%
- 4 YEAR TERM : 2.60%
- 5 YEAR TERM: 3.05%
- 7 YEAR TERM: 3.25%
- Grow your money as fast as possible
- Principal protection
- Interest rate is locked for the term you select
- Tax deferred growth
- Withdraw annually without penalty
- Lump sum death benefits
- Accepts cash, 401(k), and IRA Funds
What's The Difference Between a Fixed Annuity and CD?
| Feature | Fixed Annuity | CD |
|---|---|---|
| Premium Amounts | $2,500 to $1 Million | $500 – No Maximum |
| Terms | 2 Years to 20 Years | 3 Months to 7 Years |
| Interest Rates | Up to 3.25% | Up to 1.25% |
| How Are Gains Taxed? | Tax-Deferred | Taxed Annually |
| Liquidity (No Penalties) | Up to 10% Annually | No Liquidity |
| Who Protects My Money? | Insurance Company/State Guaranty Association | FDIC |
| Death Benefit | Lump-Sum | Lump-Sum |
Are Annuities FDIC Insured?
Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company's claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).
For example, Georgia insures up to $250,000 of the annuity's cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured.
The Best CD Rates Today
3 Month CD Rates
| Best 3-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Spectrum Federal Credit Union | 0.50% APY | 3 Months | $500.00 |
| Service Credit Union | 0.40% APY | 3 Months | $500.00 |
| Chevron Federal Credit Union | 0.50% APY | 3 Months | $500.00 |
6 Month CD Rates
| Best 6-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| CommunityWide FCU | 0.70% APY | 6 Months | $500.00 |
| Lafayette Federal Credit Union | 0.70% APY | 7 Months | $500.00 |
| Spectrum Federal Credit Union | 0.50% APY | 6 Months | $500.00 |
1 Year CD Rates
| Best 1-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Lafayette Federal Credit Union | 0.80% APY | 12 Months | $5,000.00 |
| CommunityWide FCU | 0.75% APY | 12 Months | $1,000.00 |
| Live Oak Credit Union | 0.75% APY | 12 Months | $2,500.00 |
2 Year CD Rates
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Lafayette Federal Credit Union | 0.80% APY | 24 Months | $500.00 |
| Live Oak Credit Union | 0.75% APY | 24 Months | $2,500.00 |
| SILAC Secure Savings Elite 2 | 2.15% APY | 24 Months | $10,000.00 |
| Oceanview Harbourview 2 | 1.80% APY | 24 Months | $20,000.00 |
3 Year CD Rates
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| First National Bank of America | 0.90% APY | 36 Months | $1,000.00 |
| Lafayette Federal Credit Union | 1.00% APY | 36 Months | $500.00 |
| Canvas Annuity* | 2.60% APY | 36 Months | $2,500.00 |
4 Year CD Rates
| Best 4-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| First National Bank of America | 0.95% APY | 48 Months | $1,000.00 |
| Lafayette Federal Credit Union | 1.15% APY | 48 Months | $500.00 |
| Hiway Federal Credit Union | 1.10% APY | 48 Months | $25,000.00 |
| Nassau Fixed Annuity | 2.50% APY | 48 Months | $5,0000.00 |
5 Year CD Rates
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| First National Bank of America | 1.20% APY | 60 Months | $1,000.00 |
| Lafayette Federal Credit Union | 1.26% APY | 60 Months | $500.00 |
| Canvas Annuity* | 3.05% APY | 60 Months | $2,500.00 |
The Best Fixed Annuity Rates Today
| Company | Term | Rate | Withdrawals |
|---|---|---|---|
| SILAC | 2 Years | 2.15% | None |
| Oceanview | 3 Years | 2.35% | 10% Annually |
| Canvas* | 3 Years | 2.60% | 10% Annually |
| Oceanview | 4 Years | 2.60% | 10% Annually |
| Canvas* | 5 Years | 3.05% | 10% Annually |
| Nassau | 6 Years | 3.10% | 5% Annually |
| Canvas* | 7 Years | 3.25% | 10% Annually |
Learn the differences and benefits between Fixed Annuities and Certificate of Deposits (CD).
Disclaimer: I may receive a small referral fee if you purchase something using a link in this article.
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I've sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I've been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women's Health Magazine.
My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.
Suncoast Credit Union Money Market Rates
Source: https://www.annuityexpertadvice.com/rates/suncoast-credit-union/
Posted by: jenkinsbrebrugh.blogspot.com
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