Coastal Federal Credit Union Money Market Account

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 are available in 1 state across the USA.

Key Takeaways

• Very high annual percentage yield (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 any monthly account fees.
• Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of Coastal Federal Credit Union Money Market Account

Coastal Federal Credit Union Money Market Account FAQ

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

Yes, your 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.

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.

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.

What is the customer service phone number?

The customer service number for this account 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.