SuperMoney
  Coastal Federal Credit Union Money Market Account

Coastal Federal Credit Union Money Market Account

in Money Market Accounts from Coastal Federal Credit Union · ncua

Unaffiliated

Coastal Federal Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from Coastal Federal Credit Union · Insured by NCUA

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Coastal Federal Credit Union Money Market Account to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
APY (Annual Percentage Yield) 0.25% - 1.75%
APY Minimum Balance $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, a 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.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of Coastal Federal Credit Union Money Market Account
Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Insured by NCUA.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • 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?

Yes, your Coastal Federal Credit Union money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What are the dividends 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:

  • Fraud monitoring - Coastal Federal Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Coastal Federal Credit Union money market allows you to manage your money through online banking and a dedicated mobile app.

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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Contact

  • Headquarters
  •   1000 Saint Albans Dr
    Ste 250
    Raleigh, NC 27609
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 7:00pm
  • Tuesday 7:00am - 7:00pm
  • Wednesday 7:00am - 7:00pm
  • Thursday 7:00am - 7:00pm
  • Friday 7:00am - 7:00pm
  • Saturday 7:00am - 7:00pm

Other Services by Coastal Federal Credit Union

Availability

  Available in 1 state
North Carolina
Availabile in all of North Carolina

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $100
Monthly Fee $0
Account Features
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.25% - 1.75%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly
Dividend Rate 0.25% - 1.74%

Be the first to rate

 

Would you recommend Coastal Federal Credit Union Money Market Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Money Market Accounts