Share Savings Accounts

Prime Share Savings

A Prime Share Account is required for membership in the Credit Union. This account has a $5.00 minimum balance requirement. As long you maintain the minimum balance in this account, you are considered an active member of the Credit Union. The Prime Share Account is a “regular savings” account. Dividends are paid monthly. To earn dividends, you must have an average daily balance of at least $100.01 for the dividend period. There is no monthly service fee. Periodic statements are issued on primary share accounts. You may open a secondary share if you so desire…

Sammie Savers and Surf Zone Savers

Our Sammie Saver and Surf Zone Saver Accounts are the ideal way to teach your kids or grandkids the value of saving money. Sammie Savers accounts are for kids twelve and under, and Surf Zone Saver are for kids 13-17. Dividend rates for these accounts are the same as our Prime Share accounts, only we start paying the dividends on an average monthly balance of only $5.00. We waive our membership fee for these accounts and lower the minimum balance requirement in Prime Shares to $5.00. Many parents (or grandparents) even arrange for automatic monthly transfers from their accounts to the kids Sammie Saver or Surf Zone Saver accounts.

Christmas Club

Check with the mega-banks in town…how many offer Christmas Club Accounts? Most banks threw out Club accounts along with being able to see a teller without getting charged a buck fifty. Not Central Coast Federal Credit Union! Our Christmas Club account is the way to save money for the Holidays…dividends are earned monthly and pay starting on an average share balance of $100.01 for the dividend period. On November 10 of each year, we pay final dividends and deposit the full balance in the account of your choice. We pay a rate 1/2% higher than our Prime Share rates on Christmas Club Accounts. As this account is designed to promote savings for the Holidays, there is a penalty for early withdrawals.



At Central Coast Federal Credit Union, Free Checking means FREE CHECKING. Emerald and Diamond tier members have this benefit while Sapphire members are subject to a $12.00 per month maintenance fee. Please visit our Gem Select Rewards page to see how to get FREE Checking. There’s no limit to the number of checks you may write or no per-check fee. We offer VISA debit cards, drawing funds directly from checking for your purchases at retail locations with VISA, Explore or PLUS services (over 189,000 locations nationwide) and we won’t charge you for seeing a teller. Monthly statements are issued on all Checking accounts.

Money Market Checking

A Money Market Checking Account is a great place for saving money for those future plans such as buying a house or saving for the kid’s college expenses. The more money you have in a Central Coast Federal Credit Union Money Market Account, the higher dividend rate you earn. The account has an opening balance requirement of at least $2,500.00. Dividends are paid monthly on an average balance for the dividend period of $2,500 or more. Higher rates are earned with average balances starting at $7,500.00, $10,000.00 and $25,000.00. As this is considered an “investment” account, we limit withdrawals to six per month and the withdrawals must be for $100.00 or more. This is a Federally-Insured account- meaning you are never in danger of losing any of your principal investment (as is the case with some Money Market accounts at other institutions which may invest your funds in stocks, bonds or commodities).


Sammie's Saver Club Features:

Designed for Kids Ages 12 and under to help promote good savings habits.

  • Free Birthday Card
  • Each Deposit Earns a Trip to “Sammie’s Treasure Chest” for a prize.
  • An Official “Sammie the Seal” bean bag plush when you open an account and accumulate deposits of at least $500.
  • Plus, Accounts Earn Dividends!

Designed for Teens Ages 13 – 17

Surf-Zone Student Package Includes:
  • Checking Account with free starter checks
  • Visa Debit Card**
  • College Saver Term Certificates with only a $500 minimum investment
** Debit card withdrawal limits require parental signature


Term Share Certificates

New SelectOne Share Certificates

In a rising Interest rate environment, locking into a long-term fixed rate investment can be a troubling task. That’s why Central Coast Federal Credit Union has introduced SelectOne. SelectOne allows you to get great long-term rates without the risk of missing out on a higher dividend rate. During the term, the SelectOne account features an option that allows you to make a one-time adjustment to your dividend rate if a higher prevailing rate exists. Flexibility and peace of mind is the key to this extraordinary new product.

Our Term Certificates are Central Coast Federal Credit Union’s most popular savings product. Term Certificates (“Certificates of Deposit” at other financial institutions) are available at either $1,000.00 or $5,000.00 minimum starting balances. The terms for our $1,000.00 minimum certificates are 3 months and 1 year. The terms for our $5,000.00 minimum certificates are 7 months, 24 months and 36 months. We have many options on our term certificates – automatic renewals, dividend payment options (monthly, quarterly, at maturity payouts), and so on. Our rates are traditionally among the highest in the Monterey County area … There are penalties for early withdrawals on all term certificate accounts.

Individual Retirement Accounts (IRAs)

An Individual Retirement Account at Central Coast Federal Credit Union is a safe, secure way for you to save for your retirement years. Our dividend rates have traditionally been the highest in the Monterey County area for federally-insured IRA’s. We offer Traditional (tax-deferred), Roth, Coverdell ESA (Education Savings Account) and SEP (Simplified Employee Pension). Dividends are paid monthly on average share balances of $100.01 or more. Quarterly statements are issued on IRA’s. We strongly suggest you consult with your tax or investment advisor before opening an IRA …