Last Updated: 04/18/2025
Coastal Federal Credit Union Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.1%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $100
Minimum Balance to Earn APY
N/A
Coastal Federal Credit Union Savings Account Review
Coastal Federal Credit Union Savings Account is offered by Coastal Federal Credit Union, a credit union founded in 1967 and based in Raleigh, NC. Coastal Federal Credit Union savings account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.1%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. Coastal Federal Credit Union Savings Account does not charge fees on ATM transactions .
Coastal Federal Credit Union savings account Pros & Cons
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Coastal Federal Credit Union savings account FAQ
Are savings accounts from Coastal Federal Credit Union federally insured?
Yes, your savings 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.
Does Coastal Federal Credit Union offer a signup bonus?
Coastal Federal Credit Union savings account doesn't offer a signup bonus.
What is the minimum initial deposit for Coastal Federal Credit Union savings account?
The minimum deposit to open a Coastal Federal Credit Union savings account is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Coastal Federal Credit Union Savings Account offer?
Coastal Federal Credit Union savings account offers an APY of 0.1% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Coastal Federal Credit Union savings account charge?
Coastal Federal Credit Union savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $15 fee.
- Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Coastal Federal Credit Union savings account charges $4 every time you request a paper statement.
What features and perks does Coastal Federal Credit Union savings account offer?
This savings account includes the following features:
- Fraud monitoring - Coastal Federal Credit Union savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Coastal Federal Credit Union savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Coastal Federal Credit Union savings account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Coastal Federal Credit Union savings account?
The customer support email for Coastal Federal Credit Union savings account is supervisoryc@coastal24.com.
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Contact
Headquarters
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