Competitive 5-Year CD Rate at Coastline Federal Credit Union in North Florida - Local Only


1.80%$75k-Coastline Federal Credit Union60 Month Jumbo Share Certificate
Accounts mentioned in this post. Rates as of October 21, 2016.

Many banks and credit unions provide little or no rewards for large deposits. For the banks that do offer a little more on their Jumbo CDs, it’s rarely more than 5 or 10 basis points. That’s not the case for Coastline Federal Credit Union in Jacksonville, Florida. It offers three rates tiers with minimum deposit of $1K, $40K and $100K. For the 5-year CD, the Jumbo CD rate is 2.75% APY which is 50 basis points higher than the CD with a $40K minimum and 100 basis points higher than the CD with the $1K minimum deposit. The IRA CD has the same rate as the Jumbo CD with a minimum deposit of only $1K. These rates are listed at the credit union’s rates page as of 5/24/2011.

One change since I reported on this credit union in 2009 is an increase in the early withdrawal penalty. However, the penalty remains reasonable. From the credit union’s account disclosure:

If your account has an original maturity of more than one year: The penalty we may impose will equal six months' dividends on the amount withdrawn subject to penalty.

Credit union membership is open to anyone who lives, works, worships or attends school in Baker, Clay, Duval, Nassau or St. John's County. Please refer to the credit union’s Membership page for more details. Membership requires a minimum balance of $5 in the regular share savings account.

Coastline Federal Credit Union branches are located in Jacksonville, Florida.

The credit union has an overall health score at of 4 stars (out of 5) with a Texas Ratio of 5.93% (excellent) based on December 2010 data. Please refer to our financial overview of Coastline Federal Credit Union for more details. It’s federally insured by the NCUA (Charter # 1115).

How It Compares to the Best Nationally Available CD Rates

As of 5/24/2011 the highest 5-year CD rate available nationwide is 3.00% APY at Connexus Credit Union. This requires an active checking account. The second best is still Melrose Credit Union which is offering a 2.93% APY 5-year CD. One thing to note about these two CDs is that both have harsh early withdrawal penalties. That’s one advantage of Coastline FCU.

To search for the best CD rates in your state or in the nation, please refer to the CD rates section of Be sure to use the "Filter Accounts" button above the table to compare accounts in your state.


3.75% Jumbo 60-Month CD at Coastline FCU in North Florida - Local Only
Coastline Federal Credit Union is offering a 3.75% APY on its Jumbo 60-month CD with a $75,000 minimum deposit. This is also available in an IRA, but with only a $1,000 minimum. For the regular CD, the rate goes way down for small balances (2.50% APY for a $1K minimum). These rates are listed in the credit union's rates page as of 12/21/09.

Once nice feature of the credit union's certificates is a mild early withdrawal penalty. According to page 25 of the disclosure document:

Most long-term CDs have an early withdrawal...

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4.50% 14-Month CD at a North Florida CU (Coastline).
Update 3/8/08: The special CD has expired.

Coastline Federal Credit Union is offering a special 4.50% APY 14-month CD. The minimum deposit is $500. The offer expires February 29, 2008.

There's also a special 4.22% APY 12-month CD. I'm not sure why anyone would go for this instead of the 14-month CD unless you really needed the money available in exactly 12 months.

Membership is open to anyone who lives, works, worships or attends school in Baker, Clay, Duval, Nassau or St. John's County. Please refer to their About Us page for more...

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