What is interest?
Coastal pays all members including SEA SAVERS who save with us, extra money, called interest, just for keeping money with us. The higher the interest rate, the more money you'll earn. And, the more money you put into your account, the more money you'll earn in interest.

How to earn interest
Let's say you have $100. Take that $100 to the credit union and deposit it to your savings account. Because you are giving us your money, we’ll give you extra money, which is called interest. So, if the annual interest rate is 5%, your $100 will grow to $105 after one year. The more money you have in the account, the more interest you will earn!

It's much safer to keep your money at the credit union
When you put your money in the credit union, we keep it in a very safe guarded place. No one can take your money. The federal government also insures your money. No matter what, you can't lose your money when it's in the credit union!

How to Start a Savings Account
Start by setting a goal. Look for something big that you want to do or have in the future. You may want a horse, or to travel to Disneyworld. You may want something more practical like a car, a new computer or to help your parents pay for college.

Either way, figure out how much you want to save and start depositing your allowance and money from your birthdays and holidays into your SEA SAVERS Account. We’ll send you regular statements to see just how much interest you’ve earned on your deposits.

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