Savings Rates

Give your savings a boost.

Strengthen your financial foundation with Coastal

It all starts with savings.

As a not-for-profit credit union based in the Triangle, Coastal is able to offer higher savings rates than many financial institutions because we answer to members like you, not shareholders. Our rates are structured to help you reach your unique savings goals.

Savings Account Rates

Product Minimum Deposit Dividend Rate APY
Savings1 $25.00 .10% .10%
Special Savings1 $0 .10% .10%
Health Savings Account (HSA)1 $1.00 0.60% 0.60%

High Yield Savings

Product Dividend Rate APY
Tier 12
Average Daily Balances of $9,999.99 or less
0.10% 0.10%
Tier 22
Average Daily Balances of $10,000 to $49,999.99
2.96% 3.00%
Tier 32
Average Daily Balances of $50,000 to $99,999.99
2.96% 3.00%
Tier 42
Average Daily Balances of $100,000 to $249,999.99
2.96% 3.00%
Tier 52
Average Daily Balances of $250,000.00 or more
2.96% 3.00%

IRA HIGH YIELD SAVINGS ACCOUNT RATES

Product Minimum Deposit Dividend Rate APY
IRA High Yield Savings Account1 N/A 2.96% 3.00% APY

Frequently Asked Questions

Frequently, we see that direct deposits may not credit your account due to an invalid account number. Be sure to verify with the issuer of the deposit that they are sending funds with your full 14 digit account number. You may also provide the issuer of the deposit a voided check.

You may also want to validate the ABA Routing Number, 253175494.
Transferring funds is easy and free! Simply log into Digital Banking and select Transfer Funds. Follow the displayed prompts. Transfers may take up to 3-5 business days to credit.

You may also transfer funds from your Coastal account to another financial institution via a wire transfer. To initiate a wire transfer, please contact our Call Center at (800)868-4262, ext 6784 or 919-420-8000, ext 6784 or visit the nearest branch location.
The easiest way to start or change your direct deposit is to contact your employer's HR or Payroll Department or log into your Employer's Payroll Site. They will have you fill out a direct deposit authorization form. To complete this form, you will need to know Coastal's Routing Number, your full 14 digit Account Number, and the account type, such as Go Green Checking.
If wiring U.S. Dollars, please provide the issuing institution the following instructions:

Bank Name: Coastal Credit Union ABA/Routing Number: 253175494 Credit Name: (Your name and address) Account Number: (Your 14-digit Coastal account number)
Eligible members can deposit funds by using Digital Banking through Coastal's Mobile App. You may also visit any Coastal branch location or Shared Branch/Service Center location (our locations page). Deposits are not accepted at non-Coastal ATMs on the Co-op ATM Network.

1. Savings rates are subject to change daily and after account is opened. $25 needed to open an account. A balance of $0.01 is required to earn applicable product APY.  All member deposits are insured up to $250,000 (funds in IRA accounts are eligible for separate insurance protection up to $250,000 by the National Credit Union Administration, an agency of the United States Government). 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.

2. 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 the 3.00% 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.

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