High Yield Savings

Let your savings soar to new heights! Earn up to


Interest at money market rates, based on your daily balance
Unlike big banks that compound interest monthly, our High Yield Savings earns you more by compounding interest daily
Our High Yield Savings features no fees and no minimum balance

Here's how Coastal's Savings Accounts could help you bank better:

  • Use a High Yield Savings Account to pay for vacations, hobbies, holiday expenses, and more
  • Manage your account easily through Online Banking, Mobile Banking, and Telephone Banking2
  • Access 22 local branches and more than 5,000 nationwide shared branch locations

High Yield Savings Rates

Product Dividend Rate APY
Tier 1
Average Daily Balances of $9,999.99 or less
0.10% 0.10%
Tier 2
Average Daily Balances of $10,000 to $49,999.99
2.96% 3.00%
Tier 3
Average Daily Balances of $50,000 to $99,999.99
2.96% 3.00%
Tier 4
Average Daily Balances of $100,000 to $249,999.99
2.96% 3.00%
Tier 5
Average Daily Balances of $250,000.00 or more
2.96% 3.00%

Reasons to Save

Your Next Step

  • Save up for a new car
  • Get ahead with saving for your new home
  • Place money aside for your children’s college education

Travel and Explore

  • Put away money for various holidays and events
  • Prepare for your dream vacation
  • Invest in your hobbies and passions

Emergency Fund

  • Have money stashed away for a rainy day
  • Prepare for unexpected medical expenses
  • Fix repairs if your car breaks down

Resource Center

Frequently Asked Questions

Our primary share savings account requires a minimum deposit of $25 and must be opened when you join the credit union.
Our High Yield Savings (HYS) product offers two tiers and is based on the balance in your account each day.
Dividends are acrued daily, compounded monthly and credited to your account monthly. For example:

Calculation: $10,000 x 2.96% = 29,600 / 365 (days in a year) = 0.810959 x 30 (days in June) =24.32877
Total interest earned: $24.33
You will start to earn dividends on the business day you initiate your deposit at Coastal.
Yes. You can open additional Special Savings Accounts. No minimum deposit is required.
Yes – your deposits are federally insured up to a total of $250,000 per ownership interest by the National Credit Union Association (NCUA).

1. APY = Annual Percentage Yield. 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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