Basic Savings account

With your $5 minimum deposit to a Basic Savings account, you become a member-owner of Oregon State Credit Union, entitled to take advantage of all the benefits, products and services available to our members. Federally insured, Basic Savings can be designated as overdraft protection for your checking account. No monthly service fee will be assessed when you maintain a $250 balance or have at least one other account type with Oregon State Credit Union.

Open a Basic Savings account online

Savings account rates
Effective Date: Tuesday, July 5th, 2022
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Basic Savings $100.00 0.03% 0.03%
Scottie Savers** $5.00 0.03% 0.03%
TLT (Teen) Savings** $5.00 0.03% 0.03%
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.


Frequently asked saving account questions

Q: Why should you save?

  • A: Because life is unpredictable, things happen. Having savings set aside for emergencies (and opportunities) will give you peace of mind and a start toward stress free decisions about how to use your money.

Q: Savings, CD or money market? Which is right for you?

  • A: Depending on your financial situation, a saving account is the right starting point. But there are other saving options which may benefit you.

    • Savings accounts, Money Market accounts (MMA) and certificate of deposit (CD) accounts are all types of federally-insured deposit accounts which earn interest. They have many things in common, but they differ in some important ways. Understand the differences with this comparison article.

Open a Basic Savings account online

Go to main navigation