Whether you've been in business for 20 days or 20 years, own a floral shop with 8 employees or a winery with 80, CoastHills has the savings account to help you reach your financial goals.
Our Business Share account allows you to have access to your money while still earning dividends. There is a minimum balance requirement of $5 and dividends are compounded monthly.
Business members may have unlimited Special Share accounts to separate their savings. No minimum balance is required and dividends are compounded monthly and paid monthly.
Classic Money Market
This tiered-rate share account earns a higher return than traditional savings accounts and offers more flexibility than certificates. With a money market account, your funds earn dividends while remaining liquid. Limited check writing is available with this product. A minimum deposit of $5,000 is required and dividends are compounded monthly.
Index Money Market
This account is similar to the Classic Money Market, but the dividend rate is tied to the treasury index. Subject to availability. Check writing is not available. Minimum deposit of $25,000 required and interest is compounded monthly.
These accounts are for members who want a higher rate of interest on their savings and don't need immediate access to funds. Dividends can be compounded, mailed, or transferred to another share account monthly or at maturity. Certificate terms range from 3 months to 60 months with a minimum balance of $500. The minimum balance for mini-jumbo certificates is $50,000; the minimum balance for jumbo certificates is $100,000. An add-on feature allows members to add to their certificates at anytime, as long the total of the deposits does not exceed the original opening deposit.
A penalty may be imposed if you withdraw any funds from your certificate account before the maturity date. Share certificates with a term of less than one year will be subject to a forfeiture of up to 90 days of dividends on the total certificate balance at the time of early withdraw. Share certificates with a term of one year or greater will be subject to a forfeiture of up to 180 days of dividends on the total certificate balance at the time of early withdraw.