Your friends and family may already be jealous of you because you live in such a wonderful state, but did you know Florida residents also have access to some of the top banks and credit unions in the country?
Here’s our Top 5 BankProfessor picks for banks and credit unions you should check out if you are a Florida resident.
Space Coast Credit Union
If you’re on the east side of the state, you’re likely to find a branch of Space Coast Credit Union nearby. Headquartered in Melbourne, FL, Space Coast Credit Union serves over 300,000 members at 58 locations and has over $4 billion is assets. It is currently the third largest credit union in the state.
Space Coast Credit Union offers traditional banking products such as checking, savings, money market accounts, CDs, IRAs – as well as loan products for mortgages, home equity loans, mortgage refinancing, HERO loans, auto loans, recreational vehicle loans, personal loans, as well as credit card options.
Additionally, Space Coast Credit Union offers it’s members a variety of services including online and mobile banking, fraud prevention, business services, auto, home, life and disability insurance, as well as financial wellness programs and member discounts.
With approximately 50 locations throughout the state of Florida, Fifth Third Bank serves a majority of the banking needs of those living in central Florida.
Fifth Third grants their customers the opportunity to bank, borrow, insure, invest and financially plan responsibly with a variety of account types and special members-only tools.
Account options include personal and business checking, savings, debit and credit cards. They also offer CDs, annuities, mutual funds, stocks and bonds, and various types of whole life and term insurance.
In terms of borrowing, they have several options available to help meet the needs of their customers including auto financing, equity lines and loans, personal loans and lines of credit, student loan options and mortgages.
As for Fifth Third’s services, they offer ID theft protection, online and mobile banking, overdraft solutions, Escrow Education and down payment assistance resources, debt consolidation resources, savings tools and numerous calculators to help you meet your financial goals.
Suncoast Credit Union
Headquartered in Tampa, Suncoast Credit Union serves it’s approximately 895,000 members through it’s 73 branches. It is known as the largest credit union in the state of Florida and has $12 billion in assets.
The main services that Suncoast Credit Union offers its members are banking, financial and insurance products.
They offer both personal and business financial solutions including checking, savings, online and mobile banking, credit cards and loans.
Suncoast also offers a variety of investment and wealth management services including retirement planning, CDs, life and long terms care insurance.
Special offers for their members include discounts on tax prep services, such as Turbo Tax, big savings for first time homebuyers, military, nurses, first responders and school employees as well as special pricing on vehicles purchased from cuautobranch.com.
If you’re looking for a reliable and traditional banking experience, look no further than Chase Bank. Currently Chase operates 5,100 branches across the country, so your bank will follow you no matter where you travel in the U.S. And, for new customers, they offer $200 if you open a Chase Total Checking Account and set up direct deposit!
Chase offers an abundance of services to both personal and business customers alike, including checking, savings, CDs, loans mortgages, investing services and credit cards.
Each account type has a variety of features to that you can pick an account type that is best for your individual situation. For example, they offer everything from free checking to student checking to interest-bearing checking.
Florida Credit Union
FCU, currently headquartered in Gainesville, FL, mainly serves it’s 101,000 members through 11 branches located in the North and Central Florida areas.
Florida Credit Union offers its members a variety of products and services as long as you live within the 45 Florida counties that they serve:
FCU offers personal checking, savings, youth accounts, CDs, money market, IRAs; as well as various mortgage and loan types to meet your needs. Their investment services include life insurance, GAP and warranty coverage, AD&D insurance and hospital accident protection and recuperative care insurance options.
Additionally, they offer credit cards, online and mobile banking, online bill pay and mobile deposit.
In addition, on the business side, they can assist with commercial checking, savings, MMAs, real estate loans and lines of credit, business credit cards, merchant processing, employee memberships, business wire transfers and PPP loans.
Florida CU also offers numerous calculator tools and financial education tools to help you excel in terms of your level of financial responsibility.
Online Banking Options
Above all, if banking in person isn’t at the top of your list, check out these amazing savings rates from some of the top online banks. Furthermore, with interest rates at brick and mortar banks at all times lows, you’re sure to get more bang for your buck by choosing one of these great institutions:
As of October 2021, here are some rates from competitors that you may want to check out:
- Aspiration Bank – 1.00% APY
- CIBC Bank – 0.52% APY
- Vio Bank – 0.51% APY
- Ally Bank – 0.50% APY
- Citi Accelerate – 0.50% APY
- First Foundation Bank Online Savings – 0.50% APY
- Goldman Sachs – Marcus Account – 0.50% APY
- Synchrony Bank – 0.50% APY
- TAB Bank – 0.50% APY
- TIAA Bank – 0.50% APY
- American Express Personal Savings – 0.40% APY
- Barclays Bank – 0.40% APY
- Capital One 360 Performance Savings – 0.40% APY
- CIT Bank Savings Builder – 0.40% APY
- Citizens Access – 0.40% APY
- Discover – 0.40% APY
- MySavingsDirect – 0.25% APY
- HSBC Direct – 0.15% APY