When you become a member, a savings account is opened in your name. An initial deposit of $5 is required. All members must maintain a $5 balance in their savings account to remain a member and demonstrate regular activity in their account to keep it open.

Other features include:

• Dividends paid monthly on average daily balance of $25.00 or more.
• Access through Online Account Login, our 24-hour online banking system, and Audio Response, our telephone banking system.
• Direct deposit or payroll deduction available.
• E-statements available at no cost.

Kasasa® accounts are not only free — they earn cash rewards! By meeting just a few simple qualifications you can earn the highest rate on your Kasasa Saver balance.

2.50% APY on balances up to $50,000.

Results in blended APY of 2.50% - 2.33% on balances over $50,000

At Gulf Coast Federal Credit Union, you can open a Club account and save for whatever special purpose you have, such as:

• Christmas Club
• Vacation Club

Features of our Christmas Club Account

• 24-hour account access via Online Account Login, our online banking system and Audio Response, our telephone banking system
• You may start an account anytime during the year
• $10.00 initial minimum deposit required
• Payroll deduction
• Direct Deposit
• $500.00 maximum deposit per month
• A competitive dividend rate paid monthly
• Penalty assessed for early withdrawal
• Funds will be deposited directly into your Share Account (savings) the first week of November. Save now for a happier Christmas!

Features of our Vacation Club Account

• 24-hour account access via Online Account Login, our online banking system and Audio Response, our telephone banking system
• You may start an account anytime during the year
• $10.00 initial minimum deposit required.
• Payroll deduction
• Direct Deposit
• $500.00 maximum deposit per month
• A competitive dividend rate paid monthly
• Penalty assessed for early withdrawal
• Funds will be deposited into your Share Account (savings) the first week of June

You can open a Term Share Certificate with a minimum balance of $500. Certificates are available with terms of 6 months to 36 months. We also offer IRA Term Share Certificates, which also require a minimum opening balance of $500.

Features of our Term Share Certificates:

• 24-hour account access via Online Account Login, our online banking system and Audio Response, our telephone banking system
• Terms available for 6, 12, 18, 24, or 36 months
• A competitive dividend rate paid monthly
• Penalty assessed for early withdrawal

Features of our IRA Term Share Certificates:

• 24-hour account access via Online Account Login, our online banking system and Audio Response, our telephone banking system
• Terms available for 12, 24, or 36 months
• A competitive dividend rate paid monthly
• Penalty assessed for early withdrawal

You can open a Gulf Coast Federal Credit Union Money Market Account with a minimum deposit of $10,000. A minimum average daily balance of $10,000 also is required to obtain an Annual Percentage Yield.

Other features include:

• Dividends paid monthly on average daily balance of $25.00 or more. You may withdraw funds at any time without penalty or loss of dividends earned. If balance drops below $10,000 the account reverts to a regular share dividend rate
• Rates increase at higher deposit tiers ($10,000.00, $25,000.00, $50,000.00)
• No more than six (6) transfers and/or withdrawals in any month. Exceeding this limit will result in a $25 fee and subject to account closure
• Access through Online Account Login, our 24-hour online banking system and Audio Response, our telephone banking system
• Direct deposit or payroll deduction available

No matter what stage you’re at in life, saving now with an Individual Retirement Account (IRA) can better prepare you for the future. Gulf Coast FCU offers IRA savings (share) accounts and IRA Term Share Certificates.

You can open an IRA savings (share) account with $100.00 or an IRA Term Share Certificate with a minimum balance of $500. IRA Term Share Certificates are available with terms of 12, 24 or 36 months.

Please feel free to review the following brochures for more information on IRA options:

Traditional & Roth IRAs 

Traditional IRAs

Roth IRAs

Transfers, Rollovers, & Conversions

IRA & Retirement Plan Distributions

Inherited IRAs

Coverdell ESAs

If you have any other questions about regular savings accounts at Gulf Coast Federal Credit Union, please Contact Us.

The National Credit Union Administration (NCUA) provides insurance coverage of up to $250,000 for your credit union account(s). To learn more about the type of accounts and the total amounts that the NCUA may insure, click the following link that will take you directly to the NCUA: http://www.ncua.gov/DataApps/Pages/SI-Tools.aspx.