Coastal FCU's Go Green Checking/MMA Available Nationwide


Availability: Easy membership requirement

I last wrote about Coastal Federal Credit Union’s (Coastal FCU) Go Green Checking in 2011, when it earned 2.51% APY on qualifying balances (30 debit card transactions) up to $50k. Since that time, the APY has dropped to 2.01% APY in late 2012, and then rose to its current rate, 2.25% APY, in January 2016. Somewhere during these rate changes, the balance cap plummeted to $10k.

While Coastal FCU doesn’t have a companion Go Green savings account, it does offer a Go Green Money Market account that operates under the same qualifying requirements as the Go Green Checking account.

In combination, Coastal FCU's Go Green Checking and Go Green Money Market accounts offer a good alternative to internet savings accounts.

2.25*%-$10kCoastal Credit Union (NC)Go Green Checking Premium
OTHER TIERS: 0.10% $10k+
1.01*%-$250kCoastal Credit Union (NC)Go Green Money Market (Premium Tier)
OTHER TIERS: 0.75% $250k+
Accounts mentioned in this post. Rates as of January 23, 2018.

The Go Green Checking offers three APYs on qualifying balances up to $10k, based on debit card activity.

  • 2.25% APY – 30 or more debit card transactions per month
  • 0.51% APY – 12-29 debit card transactions per month
  • 0.10% APY – 0-11 debit card transactions per month

The Go Green Money Market uses the same debit card activity parameters for qualify balances up to $250k.

  • 1.01% APY – 30 or more debit card transactions per month
  • 0.10% APY – 12-29 debit card transactions per month
  • 0.10% APY – 0-11 debit card transactions per month

The Go Green Checking has no minimum balance requirement or monthly service fee. While the Go Green Money Market is also fee free, it does requires a minimum $100 opening deposit. There is a limit of one Go Green Checking account and one Go Green Money Market account per Social Security Number.

According to the fine print on the Checking page,

The first five non-Coastal ATM withdrawals during a specific month are free of charge.
Every withdrawal after is charged a $2.00 non-Coastal ATM fee. There is no fee (surcharge)
from the ATM owner when you use a CO-OP, Allpoint, CashPoints or Sheetz ATM.


Headquartered in Raleigh, North Carolina, Coastal Federal Credit Union’s field of membership (FOM) is widely varied, offering ways for almost any U.S. citizen or alien resident to join.

Easy Membership - A one-time tax-deductible $18 membership fee to either The North Carolina Consumers Council or North Carolina Sustainable Energy Association qualifies for Coastal FCU membership. The $18 fee will be deducted from the initial deposit to your Coastal Primary Savings account.

Employment/Affiliation - Employees and members of more than 1,000 Business Partners are eligible to join.

Residency - Individuals who live, work, worship, or attend school in Vance County, North Carolina, qualify for membership, In addition, the residents of the North Carolina cities and towns of Airlie, Arcola, Aurelian Springs, Brinkleyville, Castalia, Dortches, Enfield, Halifax, Heathsville, Hollister, Leggett, Littleton, Nashville, Red Oak, Rocky Mount, Scotland Neck, Speed, Tarboro, Tillery, Weldon, West Edgecombe, Whitakers, Woodcrest Park, and Wrendale are eligible to join.

Relationship - Membership is also extended to immediate family (spouse, child, sibling, parent, grandparent or grandchild, including adoptive and step relations) and household members (persons living in the same residence maintaining a single economic unit) of eligible members.

Joining Coast FCU and/or opening a Go Green Checking account can be done online, or at any of 18 North Carolina branches located in Apex, Carrboro, Cary (3), Durham (3), Garner, Henderson, Morrisville, Raleigh (6), and Rocky Mount.

Credit Union Overview

Coastal Federal Credit Union (NCUA Charter # 18297) has an overall health grade of "A" at, with a Texas ratio of 6.60% (excellent) based on June 30, 2016 data. In the past year, Coastal FCU increased its total deposits by $151.96 million, an excellent growth rate of 7.49%. Please refer to our financial overview of Coastal Federal Credit Union for more details.

Establish in 1967 to benefit the IBM community in Raleigh, the Credit Union’s FOM changed in 1991, when it expanded to include employees of other businesses through the Triangle and other North Carolina areas. Now known as Coastal Federal Credit Union, it has grown to become the second largest credit union in North Carolina, with more than 218,000 members and assets in excess of $2.6 billion.

For the past five years, Coastal has returned more than $9.4 million to our members in the form of special dividends. Dividends were paid to VIP members – those who have their primary checking relationship with Coastal – and rewarded them for having multiple loan or deposit relationships by issuing rebates on loan interest, or bonus dividends on their deposits.

How the Go Green Checking Compares

When compared to the 45 High Yield Reward Checking Accounts tracked by, which are available nationwide and have maximum qualifying balances of at least $10k, Coastal Federal Credit Union’s Go Green Checking APY currently ranks sixth.

The above rates are accurate as of 11/2/2016.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account rates table or our Rates Map page.

Anonymous   |     |   Comment #1
I tried to join Coastal in April 2015, but they denied me, writing in e-mail that "we are unable to approve the request at this time due to your residence state of Virginia being outside of Coastal's field of membership."  To make matters worse, I think they did a hard pull before reaching this conclusion.  I don't remember how membership in the charitable organizations was presented in the application process, but they certainly didn't offer it when sending formal rejection.  Has anyone had a different experience?  I like the lighthouse logo.
Updated Review of Coastal FCU's Reward Checking Account - NC, SC & VA Only

Coastal Federal Credit Union has been offering its reward checking account, the Go Green Checking, for about four years. I first reviewed it in early 2008. Like all deposit accounts, rates have fallen, but there was an interesting rate hike in October as noted in the discussion forum. Coastal FCU increased the rate of its reward checking account from 2.00% to 2.51% APY, and it didn't decrease the balance cap. This 2.51% APY applies to balances up to $50,000. However, there was an unfortunate change. It increased the required number...

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High-Yield Reward Checking Account at a North Carolina CU - Easy Membership (Coastal)

Update 12/03/10: The top rate is scheduled to fall to 2.00% APY starting the first of January 2011. Refer to the bottom of the post for the rate history.

Coastal Federal Credit Union is offering a reward checking account called Go Green Checking. The yield is 2.00% APY for balances up to $50,000 if the member conducts at least 12 qualifying debit card transactions per month. If this is not done, the rate falls to 0.30%. There are no minimum balance or monthly maintenance fees.

Unlike most other reward checking accounts from...

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The credit union also has some other competitive deposit rates listed at its rate table including a 5.15% APY 5-year CD and a 5% APY Health Savings Account (HSA). The 5.15% APY on the 60-month CD requires a minimum deposit or $100K. A yield...

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Coastal FCU continues to list a promotional 5.50% APY 15-month and 5.25% APY 7-month certificate. The minimum deposit is $2,500. I last posted on this in a March post so I wouldn't expect these to last for too much longer. A reader recently emailed me about this credit union and has been very pleased with their customer service.

Credit union membership is open to members of the Coastal Capital Club. Membership in this association appears to be open to any individual. A one-time fee of $10 is required. You can also...

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5.50% 15-Month CD at a North Carolina CU Continues (Coastal) - Easy Membership
Coastal FCU is still listing a promotional 5.50% APY 15-month certificate. There's also a special 5.25% APY 7-month CD. The minimum deposit is $2,500. I first reported on this in March.

Field of membership includes members of the Coastal Capital Club. Membership in this association is open to any individual. A one-time fee of $10 is required. You can also be eligible to join the credit union via other companies and associations and via immediate family. See site for details. Credit Union membership requires a minimum $25 deposit into the savings...

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