Friday, September 2, 2011 - 6:14 PM

Coastal Federal Rate And New Tier Structure

Coastal Federal Credit Union (0 stars) - Details

Coastal Federal Credit Union changes to reward checking rates with a new tier structure effective 10/1/11.

Balances up to $50K

0-11 debit transactions pays 0.10%

12-29 debit transactions pays 1.01%

30+ transactions pays 2.48%

The 30+ tier to get high rate is new. Previously everybody over 12 transactions received 2%.

fullself3 posts since
Sep 13, 2010
Rep Points: 9

Edit | History

This post applies to all states.

Quick
Summary

1. Saturday, September 3, 2011 - 3:21 AM

30+ transactions, is that for real? Who'd do that?

niniss56 posts since
Sep 22, 2010
Rep Points: 136

2. Saturday, September 3, 2011 - 12:48 PM

30+ transactions, is that for real? Who'd do that?

They obviously are targeting local customers who will make this account their sole checking account, and reward them for doing so. In today's low-rate environment, 2.5% on a $50K cap is pretty decent. They're not looking for the rate chasers who are the primary readers of this site (myself included).

dunker129 posts since
Jun 11, 2010
Rep Points: 380

3. Sunday, September 25, 2011 - 11:09 PM

Does not appear to be for all states. Unless you are an employee or member of Coastal's Business Partners, you can only join through the North Carolina Consumers Council Membership as a resident of N. or S. Carolina or Virginia (according to the online app).

wayward48 posts since
Feb 17, 2011
Rep Points: 142