Coastal Bank
Boats

Member FDIC EHL

COASTAL BANK

DEPOSIT RATES

 

ACCOUNT TYPE

RATE

ANNUAL PERCERNTAGE YIELD

Elite Checking

1.25%

1.26%

Interest Checking

1.25%

1.26%

Money Market

Tier 1:  $500 - $9.999

Tier 2: $10,000 -$24,999

Tier 3: $25,000 -$74,999

Tier 4: $75,000 - UP

 

1.00%

1.24%

1.49%

1.74%

 

1.01%

1.25%

1.50%

1.75%

Money Market Plus

Tier 1: $500 - $49.999

Tier 2: $50,000 & up

 

1.24%

2.47%

 

1.25%

2.50%

Passbook Savings

1.98%

2.00%

Regular Savings

1.50%

1.51%

Youth Savings

1.50%

1.51%

Business Savings

1.50%

1.51%

Christmas Club

1.98%

2.00%

 

Certificate of Deposit

$1,000.00 MINIMUM DEPOSIT REQUIRED

TERM

RATE

ANNUAL PERCENTAGE YIELD

6 Month

1.49%

1.50%

12 Month

2.96%

3.00%

24 Month

3.05%

3.10%

36 Month

3.15%

3.20%

48 Month

3.25%

3.30%

60 Month

3.44%

3.50%

IRA ACCOUNTS SAME RATE AS CD’s

MINIMUM $100.00 DEPOSIT REQUIRED

 

 

 

CD EARLY WITHDRAWAL PENALTIES:        1 TO 11 MONTHS= 30 DAYS INTEREST

                                                                           12 MONTHS= 90 DAYS INTEREST

                                                                     24-60 MONTHS= 180 DAYS INTEREST  

 

 

NOT WITHSTANDING ANY OTHER LIMITATIONS ON THE TERMS ON YOUR CERTIFICATE, ADDITIONAL DEPOSITS MAY BE MADE DURING THE TERM OF YOUR CD.  ADDITIONAL DEPOSITS WILL EARN THE SAME ANNUAL PERCENTAGE YIELD AS YOUR INITIAL DEPOSIT FOR THE REMAINDER OF THE TERM.  ALL DEPOSITS WILL MATURE ON THE DATE SPECIFIED ON YOUR CERTIFICATE.