For the most part, customers will find the same CDs available in a Coastal Credit Union IRA as they will in a taxable account. However, there are no Investorâ€™s Choice CDs available in an IRA at Coastal Credit Union. Standard certificates of deposit run from 6 months to 5 years, with a small $250 deposit required to open them.
The credit union offers mini-jumbo CDs in its IRAs ranging from 7 to 90 days. Those certificates require a larger $50,000 minimum to open. Coastal Credit Union is also currently offering an 18 month CD special paying an above-average rate.
All IRA accounts qualify for Coastal Credit Unionâ€™s Loyalty Bonus payment, and all are covered by the complimentary identity theft recovery program id AllySM.
As mentioned above, you can apply for all of Coastal Credit Unionâ€™s IRA accounts online. After becoming a member of the credit union, you can choose the account(s) you would like to open, provide the necessary applicant information, such as your employment information and a valid form of ID, and then fund the account.