Suncoast Schools Federal Credit Union CD Rates October 2011 Update
The Suncoast Schools Federal Credit Union CD rates have now been reviewed by Highest CD Rates and to our surprise the rates have remained steady for the past 4 months. This is unusual in the present economic atmosphere the financial industry is encountering since the trend is to lower bank rates every few months is very common.
The Suncoast Schools Federal Credit Union certificate of deposit rates are no longer decreasing. The reason for no changes might stem from the fact that all of their rates are already below the national average for the terms they are offering. This is unusual for a credit union, but true in this case.
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 1.60%.
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 Suncoast Schools CD rates were posted on March 22, 2011 but are still current in October, 2011. All rates are subject to change without notice.