Coastal Federal Credit Union Money Market Account

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in Money Market Accounts from Coastal Federal Credit Union

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Highlights
APY (Annual Percentage Yield)	0.25% - 1.75%
Minimum Balance to Earn APY	$0.01
Minimum Opening Deposit	Starting at $100

Coastal Federal Credit Union Money Market Account Review

Coastal Federal Credit Union Money Market Account is offered by Coastal Federal Credit Union, founded in 1967 and based in Raleigh, NC. Coastal Federal Credit Union Money Market Account is available in 1 state across the USA.

Key Takeaways

Very high APY. This account offers an annual percentage yield of up to 1.75%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $0.01.
Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of Coastal Federal Credit Union Money Market Account

Pros	Cons
High-interest yield. Does not offer mobile check deposits.	No signup bonus. Does not provide a debit card. Not FDIC-insured. Only available in one state.

Coastal Federal Credit Union Money Market Account FAQ

Are money market accounts from Coastal Federal Credit Union federally insured?

No, your Coastal Federal Credit Union money market accounts are not insured by a federal insurance agency. This means that if Coastal Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What are the interest rates for Coastal Federal Credit Union money market rates?

Coastal Federal Credit Union money market offers an APY starting at 0.25% and ranging up to 1.75% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

Coastal Federal Credit Union money market Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.25% - 1.75%

What are the fees for Coastal Federal Credit Union Money Market Account?

Coastal Federal Credit Union Money Market Account does not charge a monthly maintenance fee.

Coastal Federal Credit Union Money Market Account Fees
Fees	Amount
Monthly Fee	$0
Paper Statement Fee	N/A

What is the minimum balance for Coastal Federal Credit Union money market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Coastal Federal Credit Union money market offer?

This account includes the following features:

What is the customer service phone number?

The customer service number for this business card is (800) 868-4262.

What is the support contact email?

The support contact email for this business credit card is supervisoryc@coastal24.com.

How to open an account with Coastal Federal Credit Union

Visit the Coastal Federal Credit Union website.
Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
Check the information is accurate and submit your application.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.