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Last Updated: 04/18/2025

Coastal1 Credit Union Money Market Account

in Money Market Accounts from Coastal1 Credit Union

Last Updated: 04/18/2025

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APY (Annual Percentage Yield)

1.00% - 3.00%(Verified 07/02/2024)

Minimum Balance to Earn APY

$25

Minimum Opening Deposit

$2,500

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Coastal1 Credit Union Money Market Account Review

Coastal1 Credit Union Money Market Account is offered by Coastal1 Credit Union, a credit union founded in 1928 and based in Pawtucket, RI. Coastal1 Credit Union Money Market Account are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.00%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $25.00.
  • Waivable monthly maintenance fee. Need to maintain a minimum daily balance of $2,500 to waive fee
  • High minumum opening deposit. You must deposit a minimum of $2,500.00, which is high compared to most money market accounts.

Pros & Cons of Coastal1 Credit Union Money Market Account

Coastal1 Credit Union Money Market Account FAQ

Are money market accounts from Coastal1 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 Coastal1 Credit Union Money Market Account rates?

Coastal1 Credit Union Money Market Account offers an APY starting at 1.00% and ranging up to 3.00% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $25.00.

What are the fees for Coastal1 Credit Union Money Market Account?

This account charges a monthly maintenance fee of up to $5.00. You can avoid this fee by maintaining a balance of $2,500.00.

What is the minimum balance for Coastal1 Credit Union Money Market Account?

Minimum deposit of $2,500.00. You must make an initial deposit of at least $2,500.00 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.00.
Interest rate minimum balance of $25.00. You must keep the account balance above $25.00 to earn interest.

What features and perks does Coastal1 Credit Union Money Market Account offer?

This account includes the following features:
  • Mobile Banking Services - Coastal1 Credit Union Money Market Account allows you to manage your money through online banking and a dedicated mobile app.
  • Nationwide ATM network - Coastal1 Credit Union Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.

What is the customer service phone number?

The customer service number for this account is (401) 722-2212.

What is the support contact email?

The support contact email for this business credit card is membersvoice@coastal1.org.

How to open an account with Coastal1 Credit Union

  • Visit the Coastal1 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

1200 Central Ave
Pawtucket, RI 02861
(401) 722-2212
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Hours of Operation

Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 12:00PM

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APY (Annual Percentage Yield)

1.05%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$25

Minimum Opening Deposit

$2,500
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