With our High Yield Savings Account, your savings don’t just grow; they soar.
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Get higher returns on your savings.
High Yield Savings Rates
High Yield Savings Rates
| Product | Dividend Rate | APY |
|---|---|---|
| Average Daily Balances of $9,999.99 or less. | 0.10% | 0.10% |
| Average Daily Balances of $10,000 or more. | 2.96% | 3.00% |
Our High Yield Savings is designed to offer you higher returns.
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Higher Earnings
Enjoy dividends at competitive money market rates, calculated based on your daily balance.
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Daily Compounded Dividends
Your savings grow faster with dividends compounded daily, unlike the monthly compounding at some big banks.
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Flexible Access to Funds
Enjoy the freedom to withdraw or transfer money anytime, for any reason.
Start building towards your financial dreams with ease and confidence.
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Save For Your Next Step
Save for major milestones like buying a new car, a new home, or funding your children’s college education.
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Save to Travel and Explore
Set aside funds for holidays, your dream vacation, or invest in your hobbies and passions.
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Save for an Emergency Fund
Be prepared for the unexpected, whether it's medical emergencies, car repairs, or other unforeseen expenses.
Frequently asked questions about our High Yield Savings.
The difference between our High Yield Savings account and the regular Savings account is the rate. Our High Yield Savings account offers two tiers and the rate is based on the balance in your account each day. Both products can be used to help you reach your savings goals.
Members can open a savings account online or by visiting a local branch.
There are no monthly service fees. However, if your balance is below $10,000, you will receive the lower rate for this account. View our full list of fees.
You can access your High Yield Savings through digital banking, by processing a transfer, or by visiting a Coastal branch.
There is no limit to the amount you can have on deposit in a High Yield Savings account. However, deposits will be subject to our Funds Availability Policy (https://coastal24.com/getmedia/e6d60313-ebcc-42f4-9141-bc4f243bd4e1/Funds-Availability-Policy-Disclosure.pdf) and Mobile Deposit limitations.
You can deposit checks from international financial institutions at Coastal Credit Union. Please note that processing these checks can take 45-90 days as we work with foreign banks to collect the funds.
To deposit the check, you can visit any of our branch locations. If you are unable to visit a branch, please complete the Foreign Collection Disclosure Form and mail it with the original check to:
Coastal Federal Credit Union
Attn: Payment Services
PO Box 58429
Raleigh, NC 27658
For questions about foreign checks, please call us at 1-800-868-4262.
To deposit the check, you can visit any of our branch locations. If you are unable to visit a branch, please complete the Foreign Collection Disclosure Form and mail it with the original check to:
Coastal Federal Credit Union
Attn: Payment Services
PO Box 58429
Raleigh, NC 27658
For questions about foreign checks, please call us at 1-800-868-4262.