[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]Coastal Federal Credit Union has come up with a superb 5.01% APY on checking balances up to $50,000 for their GREEN Checking account holders. Most banks have slashed APYs for savings accounts and MMAs following rate cuts by the Feds. In this scenario this deal is a steal for those who can join the union.
Dealights
Who can become a Coastal Member?
There are four ways to become a coastal member. Membership in Coastal Federal Credit Union is subject to verification of all information submitted. This will include eligibility information as well as information surrounding the identity of the prospective membership applicant. Each new account will be screened through a consumer reporting agency (such as ChexSystems and/or a Credit Bureau.) Membership and access to particular products and services may be denied based upon this verification.
Dealights
- Online Deal & Details
- Simply perform a minimum of 12 monthly debit card transactions, and you'll enjoy this great rate.
- There are no minimum balance requirements or monthly fees tied to this account.
- And there are about a dozen FREE features associated with the Green Checking account:
- FREE Visa Check Card
- FREE Online Banking
- FREE Online Bill Pay
- FREE e-Statements
- FREE Direct Deposit
- FREE Access to Telephone Banking
- FREE Notary Service
- Unlimited FREE use of Coastal's ATMs
- Unlimited Surcharge-free Access to over 25,000 ATMs in the Co-op Network ($1 fee per withdrawal after the fifth transaction)
- Five Surcharge-free ATM withdrawals in the Cash Points Network per month ($1 fee per withdrawal after the fifth transaction)
- FREE Financial Counseling with Accel
- FREE Credit Consulting
- Some other features which might have fees associated with them are: Overdraft Protection, Bounce Guard - Courtesy Overdraw Program, Discounted Identity Theft Insurance and Credit Monitoring, and Arbor Day Checks with Unlimited Check Writing.
Who can become a Coastal Member?There are four ways to become a coastal member. Membership in Coastal Federal Credit Union is subject to verification of all information submitted. This will include eligibility information as well as information surrounding the identity of the prospective membership applicant. Each new account will be screened through a consumer reporting agency (such as ChexSystems and/or a Credit Bureau.) Membership and access to particular products and services may be denied based upon this verification.
- Membership as an Employee or Member of Coastal's Business Partners: Coastal has a multiple common bond charter and through the addition of Business Partners, Coastal now serves more than 1,000 companies and associations.
- Family Membership: Membership is also available to the immediate family and household of eligible members. Immediate family is defined as spouse, child, sibling, parent, grandparent or grandchild. This includes stepparents, stepchildren, step siblings and adoptive relationships. Household is defined as persons living in the same residence maintaining a single economic unit.
- North Carolina Consumers Council Membership: NCCC is a non-profit, statewide consumer advocacy organization that addresses topics such as tax law fairness, telemarketing, energy efficiency, consumer product safety and NC playground safety. By joining NCCC for a $36 two-year membership (annual renewal is $10), you qualify for Coastal Federal Credit Union membership.
- American Consumer Council (ACC) Membership: ACC is a non-profit, organization that educates American consumers about the benefits of products and services and serves as a voice for consumer advocacy and economic wellness in the US. Membership with ACC is free! When you join Coastal, you automatically receive this great membership benefit as well.
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