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Coast Central offers savings accounts for many purposes - holiday saving, youth-specific accounts, and more. If we don't have exactly what you're looking for, you can also create a sub-account of any
type listed below, and "nickname" it to match your needs.
Membership Savings
This account is the basis for personal adult memberships - a minimum balance of $50.00 here establishes your membership with the credit union. This stays in your account for as long as you're a
member. You can use this as your primary savings account as well, or add others if you're seeking higher dividend rates or multiple purposes.
Special Savings*
This is a separate account, equivalent to the above Membership Savings, that can be opened for whatever purpose you like.
Liquid Assets*
Comparable to a money market account, this account generally bears a higher dividend rate. There's no catch or additional requirements - these accounts are offered to encourage our members to save.
Holiday Club*
This account is intended for progressive saving throughout the year, usually for holiday gift-buying needs. In the first week of November, a check will be mailed to you for the balance of your account
(or, if the balance is under $25.00, the funds will be transferred to your Membership Savings account).
Non-Resident Member Savings
This is a non-interest bearing savings account for those who cannot earn interest on their funds due to residency status. It is opened as the equivalent of a Membership Savings, and must
maintain at least $50.
No Dividend Savings
This non-interest bearing savings account can be opened in conjunction with a Membership Savings or Non-Resident Member Savings Account, for members who cannot earn interest on their funds (for any reason). There is no minimum balance.
Electronic Transfer Account (ETA) Savings
If you're ineligible to open a Membership Savings, the U.S. Treasury may authorize you to open this special type of savings account. Like a Membership Savings, $50.00 must be held to establish
membership, but an additional account is opened specifically for deposit/withdrawal of Treasury funds.
Savings Certificates*
If you're looking to earn the highest dividend rate possible, and are able to keep your funds in one place for a period of time, savings certificates are a great way to maximize your return.
With a minimum opening deposit of $500, you can lock your funds at a high dividend rate for up to five years. If you're looking for a shorter time commitment, you can open certificates of $10,000 or more
with terms as short as 90 days.
* You can open these sub-accounts on your own with online banking.
(Click here to return to the Personal Accounts section)
Also see...
Youth Accounts (for members under 18)
Retirement, Health Savings, and Education Savings Accounts
Investment Services (through Members Financial Services)
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