BASIC SAVINGS ACCOUNT
With a $5 deposit to a Basic Savings account, you become a member-owner of Oregon State Credit Union.
YOUR FOUNDATION FOR FINANCIAL PIECE OF MIND
KEY BENEFITS
Competitive rates
Federally insured
Overdraft protection
Low or no fees
Why choose an OSCU Basic Savings account?
Your Basic Savings account represents your share in our member-owned cooperative — but it’s also so much more! Enjoy competitive rates, low to no fees, and a secure and straightforward way to save for your financial goals.
Safe & simple
- Federally insured by the National Credit Union Administration (NCUA) Share Insurance Fund, up to $250,000
- Earn one competitive rate on all balances
- Low minimum balance to earn dividends
Make it work for you
- Designate your Basic Savings account as overdraft protection for your checking account
- Members can open additional Basic Savings accounts to dedicate to different savings goals (first home, wedding, new car, etc.)
Low or no fees
No monthly service fee when you maintain a $250 balance or have at least one other account type with us
Basic Savings Account Details
Effective date
Friday, December 19, 2025
| Account | Minimum balance to earn dividends* | Dividend rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Basic Savings | $100.00 | 0.10% | 0.10% |
| Scottie Savers** | $5.00 | 0.10% | 0.10% |
| Teen Savings** | $5.00 | 0.10% | 0.10% |
Minimum balance to open all savings accounts is $5.00 | |||
* Minimum balance that must be maintained each day to earn dividends. | |||
** Members under 18 require a parent or guardian as a joint signer. | |||
Savings account rates
Basic Savings
Scottie Savers**
Teen Savings**
Minimum balance to open all savings accounts is $5.00
* Minimum balance that must be maintained each day to earn dividends.
** Members under 18 require a parent or guardian as a joint signer.
| Fee type | Product fees |
|---|---|
| Basic Savings account fees | |
| $250 minimum balance | No charge |
| Less than $250 minimum balance | $3.00 / calendar month |
| Other savings account fees | |
| Scottie Savers Club – Age 0 to 12 | No charge |
| Teen Savings account | No charge |
| High Yield Savings Account | No charge |
Following a 3-month grace period, Basic Savings must maintain a minimum daily balance of more than $250 or, if less than $250, have one other account type to avoid a $3 service fee per calendar month. If you have multiple Basic Savings Accounts, each account may receive a separate fee based on each individual balance. The $3.00 fee is not applicable to Scottie Savers, TLT, or High Yield Savings accounts. The $3.00 service fee may be waived if you qualify for the Enhanced or Premier Member Merits categories. | |
| Overdraft Paid (Courtesy Payment) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment** |
| Returned Item fee (non-sufficient funds) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment*** |
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account. | |
***Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted for payment. | |
Savings account fees
Basic Savings account fees
$250 minimum balance
Less than $250 minimum balance
Other savings account fees
Scottie Savers Club – Age 0 to 12
Teen Savings account
High Yield Savings Account
Following a 3-month grace period, Basic Savings must maintain a minimum daily balance of more than $250 or, if less than $250, have one other account type to avoid a $3 service fee per calendar month. If you have multiple Basic Savings Accounts, each account may receive a separate fee based on each individual balance. The $3.00 fee is not applicable to Scottie Savers, TLT, or High Yield Savings accounts. The $3.00 service fee may be waived if you qualify for the Enhanced or Premier Member Merits categories.
Overdraft Paid (Courtesy Payment)
$10.00 or less
$10.01 or greater
Returned Item fee (non-sufficient funds)
$10.00 or less
$10.01 or greater
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account.
***Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted for payment.
Rate information
The dividend rate and annual percentage yield may change monthly as determined by the Board of Directors. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. Accounts closed prior to crediting dividends will not receive accrued dividends. For members in the Essential category, no dividends will be paid; for members in the Enhanced and Premier categories, the dividend rate and annual percentage yield are set forth on the preceding page. The dividend rate and annual percentage yield for the next month is based upon your Member Merit status on the last day of the previous month. The Investor’s Money Market account is a tiered rate account. The dividend rate and annual percentage yield applicable to each account depends on the balance ranges set forth on the preceding page. Once a balance range is met, the dividend rate and annual percentage yield for that range will apply to the entire balance in your account.
Nature of dividends
Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The dividend rate and annual percentage yield set forth on the preceding page are the prospective rates that the credit union anticipates paying for the dividend period. The dividend period begins on the first calendar day of the month and ends on the last calendar day of the month. Dividends begin to accrue on cash and non-cash (e.g., check) deposits on the business day you make the deposit into your account. Dividends are compounded and credited monthly.
Balance information
Dividends and minimum balance for all accounts except Value Checking and TLT Checking accounts, which do not earn dividends, are calculated by the daily balance method, which applies a daily periodic rate to the principal balance in the account each day. For Money Market accounts, there is a minimum daily balance requirement of $1,000 to earn dividends. For Investor’s Money Market accounts, there is a minimum daily balance requirement of $10,000 to earn dividends.
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