Rates

As a not-for-profit cooperative, our rates work in your best interest.

As a credit union, Coastal's goal is to help our members achieve their financial dreams, which is why we offer higher interest rates on savings accounts, lower rates on loans, and a wide range of financial services designed to meet your needs.

Deposit Products

SAVINGS ACCOUNT RATES

Product Minimum Deposit Dividend Rate APY
Savings1 $25.00 .10% .10%
Special Savings2 $0 .10% .10%
Health Savings Account (HSA)3 $1.00 0.60% 0.60%

 HIGH YIELD SAVINGS Rates

Product Dividend Rate APY
Premium Tier4
Average Daily Balances of $10,000 or more
2.96% 3.00%
Base Tier4
Average Daily Balances of $9,999.99 or less
0.10% 0.10%

IRA HIGH YIELD SAVINGS ACCOUNT RATES

Product Minimum Deposit Dividend Rate APY
IRA High Yield Savings Account5 N/A 2.96% 3.00% APY

A balance of $0.01 is required to earn applicable product APY. Dividends are based on the Credit Union's earnings at the end of a dividend period and thus cannot be guaranteed. Fees may reduce earnings on account. Note: APY means Annual Percentage Yield. APY is accurate as of the last dividend declaration date.

1. Primary Savings rates are subject to change daily and after account is opened without notice. A primary savings account is required for membership, which requires $25 deposit. 

2. Special Savings rates are subject to change daily and after account is opened without notice.

3. Health Savings Account (HSA) rates are subject to change daily and after account is opened without notice. Minimum deposit to open product is $1.00.

4. Your APY will be determined at the end of the month by looking at your average daily balance.  A minimum average daily balance of $10,000 is required to get the3.00% APY rate on the entire balance. For example, if the account is open for 10 days, we will take the total balance at the end of the month, divide it by 10, and determine if it’s above the threshold.  Fees may reduce earnings on the account. APY is accurate as of the last dividend declaration date. High Yield Savings rates are subject to change daily and after the account is opened without notice..

5. IRA High Yield Savings Account rates are subject to change daily and after account is opened without notice.  

GO GREEN MONEY MARKET RATES

Product Dividend Rate APY
Premium Tier1
15 or more Go Green Checking debit card transactions posted per month
3.45% 3.50%
Base Tier1
0-14 Go Green Checking debit card transactions posted per month
1.98% 2.00%

NO LONGER OFFERED

Product Balance Dividend Rate APY
Standard Money Market2 $0 1.98% 2.00%

1. APY = Annual Percentage Yield. APY is variable, and is subject to change after the account is opened without notice. APY is accurate as of the last dividend declaration date. Fees may reduce earnings. There is a limit of one Go Green Checking account and one Go Green Money Market account per Social Security Number. In order to get the highest rate, 30 Go Green Checking debit card transactions must be posted for the previous month.

2. Money Market rates are subject to change daily and after account is opened without notice. Dividends are based on the Credit Union's earnings at the end of a dividend period and thus cannot be guaranteed. Fees may reduce earnings on account. Note: APY means Annual Percentage Yield. APY is accurate as of the last dividend declaration date.

CHECKING ACCOUNT RATES

Go Green Checking Tiers APY on average daily balances
$10,000 or less
APY on average daily balances
above $10,000

Go Green (Premium Tier)1
(15 or more Debit Card Transactions Posted Per Month)

2.00% 0.10%

Go Green (Standard Tier)1
(15 or more Debit Card Transactions Posted Per Month)

0.10%

STUDENT CHECKING

Go Green Checking Tiers APY on average daily balances
$10,000 or less
APY on average daily balances
above $10,000

Student Checking (Premium Tier)1
(15 or more Debit Card Transactions Posted Per Month)

2.00% 0.10%

Student Checking (Standard Tier)1
(15 or more Debit Card Transactions Posted Per Month)

0.10%

BASIC CHECKING

Product Minimum Deposit Dividend Rate APY
Basic Checking No minimum balance required N/A N/A

1. APY = Annual Percentage Yield. APYs are accurate as of the last dividend declaration date. The rate may change after account opening without notice. No minimum deposit required to open an account. Fees may reduce earnings. Premium Tier and Standard Tier rate are applied to daily average balances up to $10,000. Base Tier rate will apply to the portion of the balance exceeding $10,000. For more details, see the Truth-In-Savings Disclosure and Rate Table. There is a limit of one Go Green Checking account per Social Security Number. Membership savings account is required.

CERTIFICATE RATES

Terms1 Minimum Deposit Dividend Rate APY Effective Date
6 Month $250 4.89% 5.00% APY2 02/08/2024
12 Month $250 4.89% 5.00% APY2 08/16/2023
18 Month $250 4.65% 4.75% APY2 03/21/2023
24 Month $250 4.70% 4.80% APY2 08/14/2023
36 Month $250 3.93% 4.00% APY2 08/14/2023
48 Month $250 3.83% 3.90% APY2 12/16/2022
60 Month $250 3.73% 3.80% APY2 12/16/2022

1. The certificate requires a minimum balance of $250 to earn APY. Fees may reduce earnings on account. Rates subject to change without notice. Penalty for early withdrawal. APY is accurate as of the last dividend declaration date. 6-month certificate will automatically renew to another 6-month certificate. 12-month certificate will automatically renew to another 12-month certificate. 18-month certificate will automatically renew to another 18-month certificate. 24-month certificate will automatically renew to another 24-month certificate. 36-month certificate will automatically renew to another 36-month certificate. 48-month certificate will automatically renew to another 48-month certificate. 60-month certificate will automatically renew to another 60-month certificate. You have a seven-day grace period at the maturity date to withdraw your funds without penalty. Certificate holders are notified via USPS mail approximately 20 days before renewal. Please contact us to change the term of the certificate, upon maturity, by visiting a branch, calling 800-868-4262, or sending a secure message through online banking.

2. APY = Annual Percentage Yield

IRA CERTIFICATES RATES

IRA Certificate Terms1 Minimum Deposit Dividend Rate APY
6 Month $250 4.89% 5.00% APY2
12 Month $250 4.89% 5.00% APY2
18 Month $250 4.65% 4.75% APY2
24 Month $250 4.70% 4.80% APY2
36 Month $250 3.93% 4.00% APY2
48 Month $250 3.83% 3.90% APY2
60 Month $250 3.73% 3.80% APY2

HIGH YIELD IRA SAVINGS RATES

Product Minimum Deposit Dividend Rate APY
IRA High Yield Savings Account3 N/A 2.96% 3.00% APY

1. The certificate requires a minimum balance of $250 to earn APY. Fees may reduce earnings on account. Rates subject to change without notice. Penalty for early withdrawal. APY is accurate as of the last dividend declaration date. 6-month certificate will automatically renew to another 6-month certificate. 12-month certificate will automatically renew to another 12-month certificate. 18-month certificate will automatically renew to another 18-month certificate. 24-month certificate will automatically renew to another 24-month certificate. 36-month certificate will automatically renew to another 36-month certificate. 48-month certificate will automatically renew to another 48-month certificate. 60-month certificate will automatically renew to another 60-month certificate. You have a seven-day grace period at the maturity date to withdraw your funds without penalty. Certificate holders are notified via USPS mail approximately 20 days before renewal. Please contact us to change the term of the certificate, upon maturity, by visiting a branch, calling 800-868-4262, or sending a secure message through online banking.

2. APY means Annual Percentage Yield. Funds in IRA accounts are eligible for separate insurance protection up to $250,000 by the National Credit Union Administration.

3. IRA  High Yield Savings Account rates are subject to change daily and after account is opened without notice.  

BUSINESS ACCOUNT RATES

Terms Minimum Deposit Dividend Rate APY
Business Savings1 $25 .10% .10% APY2
Small Business Checking $0 - -
Business Basic Checking $0 - -
Business Dividend Checking $0 .05% .05% APY2
Business Money Market $0 .15% .15% APY2
Business Money Market $5,000.01 .20% .20% APY2
Business Money Market $25,000.01 .25% .25% APY2

1. Business Savings rates are subject to change daily and after account is opened without notice. A Business Savings account is required for membership, which requires $25 deposit.

2. Rates are subject to change daily and after account is opened without notice. Dividends are based on the Credit Union's earnings at the end of a dividend period and thus cannot be guaranteed. APY is accurate as of the last dividend declaration date. Fees may reduce earnings on account. Note: APY means Annual Percentage Yield.

Loan Products

HOME EQUITY LINE OF CREDIT (HELOC) RATES

Product Annual Percentage Rate Variable as low as
(Primary Residence)
Up to 70% of your home's combined loan-to-value1 8.50% APR2
Up to 80% of your home's combined loan-to-value1 9.00% APR2
Up to 90% of your home's combined loan-to-value1 9.50% APR2
Up to 100% of your home's combined loan-to-value1 11.05% APR2

HOME EQUITY LOAN RATES

Product Annual Percentage Rate Fixed as low as Term
Up to 100% of your home's combined loan-to-value 9.45% APR3 60 Months
9.75% APR3 61-120 Months
10.15% APR3 121-180 Months
10.15% APR3 181-240 Months
Up to 90% of your home's combined loan-to-value 8.90% APR3 60 Months
9.20% APR3 61-120 Months
9.60% APR3 121-180 Months
9.60% APR3 181-240 Months
Up to 80% of your home's combined loan-to-value 8.19% APR3 60 Months
8.45% APR3 61-120 Months
8.85% APR3 121-180 Months
8.85% APR3 181-240 Months

1.  All applicants must meet underwriting criteria. Loan or line amount may be less than 100% of your home’s equity.

2. APR = Annual Percentage Rate. The APR for a Coastal Federal Credit Union Home Equity Line of Credit is variable and is based on credit and collateral qualifications and includes the Relationship Pricing discount and the Equity Advance Pricing discount. Qualification for Relationship Pricing is based on having a First Mortgage with Coastal Federal Credit Union.  Qualification for Equity Advance Pricing is based on a minimum draw of $15,000 at the time of closing.  The minimum APR for a Home Equity Line of Credit is 8.50% APR with Relationship Pricing and Equity Advance Pricing. The maximum APR for a Home Equity Line of Credit with no discounts is 13.95% APR. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, loan terms, Relationship Pricing, Equity Advance Pricing and combined loan-to-value. Please stop by your local branch or call our 24-hour call center at 800-868-4262 for more information. All applicants must meet underwriting criteria. Line amount may be less than 100% of your home’s combined loan-to-value.

3.  APR = Annual Percentage Rate. The APR for a Coastal Federal Credit Union Home Equity Loan is fixed and includes the Relationship Pricing discount. Qualification for Relationship Pricing is based on having a First Mortgage with Coastal Federal Credit Union. The minimum APR for a Home Equity loan is 8.19% with relationship pricing. The maximum APR for a Home Equity loan with no discounts is 11.60%. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, loan terms, Relationship Pricing and combined loan-to-value. Please stop by your local branch or call our 24-hour call center at 800-868-4262 for more information. A payment example of a Home Equity Loan: As of June 1, 2023, an amount financed of $50,000 at a term of 180 months at 80% combined loan-to-value with an APR of 8.85% would result in 180 equal monthly payments of $504.75. All applicants must meet underwriting criteria. Loan amount may be less than 100% of your home’s equity.

2,3 All loans are subject to approval. All applicants must meet underwriting criteria. Loan or line amount may be less than 100% of your home’s home to-loan-value. Rates are subject to change daily. Lending area located in North Carolina, Virginia, and South Carolina. Coastal membership must be established prior to scheduled closing. No refinances of purchase money seconds within 12 months of the closing date. Property insurance is required. Flood Insurance may be required. The minimum loan amount for a Home Equity Line of Credit or Home Equity Loan is $5,000. All lending services are subject to credit approval. Contact a Coastal representative for specific rates and terms. Certain restrictions may apply. To qualify for Relationship Pricing the borrower must have a Coastal First Mortgage or close this loan simultaneously with a new Coastal First Mortgage.  To qualify for Equity Advance Pricing the borrower must take a minimum draw of $15,000.00 at closing and must be new balances to Coastal.  All standard closing costs for properties located in North Carolina are paid by Coastal. Non-standard costs such as a full appraisal, title insurance, attorney fees and closing costs for properties located in Virginia or South Carolina must be paid by the borrower. To learn more about what closing costs applies to you, please contact your local branch or call our home equity team at 919-800-4750 to discuss.

AUTO LOAN RATES

Model Year PAY OFF SOONER

Up to 48 months
APR1 as low as
MOST POPULAR

49 to 66 months
APR as low as
LOWER PAYMENT

67 to 84 months
APR as low as
2023 - 2024 5.49% - 6.99% 5.99% - 7.24% 6.34% - 8.29%
2020 - 2022 5.64% - 7.09% 6.14% - 7.34% 6.49% - 8.39%
2017 - 2019 5.84% - 7.14% 6.14% - 7.39% 6.54% - 8.44%
2013 - 2016
(max term 72 mo)
6.04% - 7.34% 6.29% - 7.59% 6.69% - 7.99%
2012 & Older
(max term 66 mo)
6.19% - 7.49% 6.49% - 7.74% - Not Available -

All Loans are subject to approval. The rates listed above are for borrowers with scores 640 or higher. Financing is available for borrowers with scores lower than 640, however, their rates may be higher depending on their score.

1. APR = Annual Percentage Rate. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, membership status and loan terms. Rates shown are for credit scores 640 or higher; however, other rates and terms available. All rates and terms are subject to change without notice. Existing Coastal Federal Credit Union and Freedom Federal Credit Union auto loans are not eligible. No additional discounts available. Interest accrues daily. For a $25,000 loan amount, a term of 48 months with a 5.24% APR fixed, the monthly payment will be $579.76. For a $25,000 loan amount, a term of 84 months with a 6.74% APR fixed, the monthly payment will be $375.26.

VISA CREDIT CARD RATES

Product Intro Offer After Intro APR1
Signature Premier Rewards 0% APR for 12 months on Balance Transfers2 16.50% to 18.00%
Rewards Visa 0% APR on Purchases and Balance Transfers for first 6 Billing Cycles3 16.50% to 18.00%
Rate Advantage 0% APR on Purchases & Balance Transfers for 6 Billing Cycles3 12.50% to 18.00%
Rate Advantage Secured N/A 18.00%

1. Lowest rate based on Coastal Federal Credit Union's Qualified Loan Program. Your rate may vary and is determined by your credit worthiness.This ANNUAL PERCENTAGE RATE (APR) will vary with the market based on the Prime Rate. Normal credit approval applies.

2. A special introductory balance transfer rate of 0.00% APR applies for 12 months from the account open date. At the end of 12 billing cycles, the transferred balances will migrate to the standard rate qualified for. Fees tied to balance transfers do apply.

3. A special introductory purchase and balance transfer rate of 0.00% APR applies for 6 months from the account open date. At the end of 6 billing cycles, the transferred balances will migrate to the standard rate qualified for. Fees tied to balance transfers do apply.

PERSONAL LOAN RATES

Signature/Overdraft Protection Product APR1 Fixed
as low as
APR1 Variable
as low as
Max Term
Personal Loan2 9.49% - Up to 10 Years
Personal Line of Credit3,4 - 14.24% -

Lowest rates based on Coastal Federal Credit Union's Qualified Loan Program. Other rates and terms available. All rates and terms are subject to change without notice.

1.  APR = Annual Percentage Rate.

2. Your fixed rate is determined by your credit qualifications, amount financed, and loan terms. Maximum terms are based on loan amount and credit qualifications.For a $5,000 loan for a term of 5 years with an 9.49% APR, the monthly payment will be approximately $102.32.

3 . Your rate may vary and is determined by your credit qualifications, amount financed, collateral and loan  terms.

4. As a condition of obtaining a personal line of credit, we may require that you close previously opened lines of credit. Only one personal line of credit is allowed per member unless the ownership of the account is different.  If you have questions, contact us at 800.868.4262.

OPTIONS FOR YOUR BUSINESS

Product Standard APR
Business Credit Card 14.75% APR1

1. APR = Annual Percentage Rate

All loans subject to approval. Membership eligibility required

Resource Center

Coastal Donates Building to NC Wesleyan College

Coastal Credit Union and NC Wesleyan College announced today that the credit union is donating to the college a 6,300 square foot building located at 2900 N. Wesleyan Boulevard in Rocky Mount.

Investing for Major Financial Goals

Setting goals is an important part of life in general and financial planning in particular. Investing without knowing what you're trying to achieve is like trying to drive across country without a map or GPS.

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