Smart Start Certificates

Jumbo Certificate

• Highest dividend rates, highest earnings and best return for large deposits.
• Initial deposit and minimum balance of $100,000 is required.
• Terms to fit your savings goals.
• Available as: Jumbo Share Certificate, Jumbo Youth Certificate, Jumbo IRA/Roth/SEP Certificate, Jumbo Business Certificate, Coverdell Education Savings Jumbo Certificate and Health Savings Account Jumbo Certificate.
• A penalty will or may be imposed for early withdrawals: 90 days of dividends on terms of 12 months or less; 180 days of dividends on terms longer than 12 months.
• If the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.
• Dividends are compounded daily and credited monthly.
• Suncoast members may open a new Jumbo Certificate by calling the Member Care Center, in any branch or by sending a secure email through SunNet Online Banking.
• 60 month Jumbo Certificate, Jumbo Youth Certificate and Jumbo Business Certificate account holders may request a rate change one time during the term of the certificate. The initial maturity date will remain the same.
• APY determined at time of funding and assumes dividends remain on deposit until maturity date.

Share Certificate

• Higher dividend rates, higher earnings, easy automatic savings.
• Terms to fit your financial needs.
• Types of Share Certificates available: Traditional, Retirement: IRA/Roth/SEP, Coverdell Education Savings Account, Health Savings Account, and Business Certificate Account.
• Initial deposit and minimum balance of $500 is required.
• Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, the desired term in months, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
• A penalty will or may be imposed for early withdrawals: 90 days of dividends on terms of 12 months or less; 180 days of dividends on terms longer than 12 months.
• If the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.
• Dividends are compounded daily and credited monthly.
• APY determined at time of funding and assumes dividends remain on deposit until maturity date.

Smart Start Certificate

• An easy way to start a regular savings plan - get started with only a $50 opening deposit and a commitment to at least $40 per month made by payroll deduction or automatic transfer. Within 12 months, you'll have saved $500 which you can then roll over into a traditional certificate account.
• Suncoast members may open a new Certificate Account by phone with the Member Care Center, in any branch or by sending secure email through SunNet Online Banking. If emailing, include the account from which the funds are to come, and whether you wish to have the dividends added to the certificate or transferred to another deposit account.
• A penalty will or may be imposed for early withdrawals: 90 days of dividends on terms of 12 months or less; 180 days of dividends on terms longer than 12 months.
• If the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.
• Dividends are compounded daily and credited monthly.
• APY determined at time of funding and assumes dividends remain on deposit until maturity date.

In simple terms, a share certificate is a type of savings account that runs for a set time and earns a fixed rate with dividends. When you put aside a set savings amount each month, it earns interest and dividends at the same time.
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A share certificate savings account restricts your access to funds until the set period is up, so you can’t withdraw your money as you would with other savings accounts without incurring a penalty. On the bright side, this offers you guaranteed returns as part of the contract for taking out the share certificate. If you close the account to gain access to the funds before your term is up, the dividend yield will be lower and you may face an early withdrawal penalty. How much lower will vary based on the credit union share certificate that you choose.