Business certificate rates, fees and disclosure

To open a business certificate account, visit a branch or call us at 1-800-732-0173.

Business certificate account rates
Effective Date: Monday, September 25th, 2023
TermBalances of $500 - $24,999Balances of $25,000 - $99,999Balances of $100,000 and more
6-11 months
Dividend rate 3.87% 4.02% 4.16%
Annual Percentage Yield (APY) 3.95% 4.10% 4.25%
12-23 months
Dividend rate 3.63% 3.78% 3.92%
Annual Percentage Yield (APY) 3.70% 3.85% 4.00%
24-35 months
Dividend rate 3.25% 3.39% 3.54%
Annual Percentage Yield (APY) 3.30% 3.45% 3.60%
36-47 months
Dividend rate 3.15% 3.30% 3.44%
Annual Percentage Yield (APY) 3.20% 3.35% 3.50%
48-59 months
Dividend rate 3.00% 3.15% 3.30%
Annual Percentage Yield (APY) 3.05% 3.20% 3.35%
60 months
Dividend rate 2.86% 3.00% 3.15%
Annual Percentage Yield (APY) 2.90% 3.05% 3.20%

Business Certificate of Deposit Account features

  • Tiered interest rate, compounded daily and paid monthly

  • Minimum $500 opening deposit

  • Flexible terms range from 182 days - 5 years

  • Earned interest can be withdrawn without penalty before certificate matures

  • Accounts are federally insured by the NCUA up to $250,000

Business certificate disclosure

Each certificate account holder agrees to the terms set forth in this certificate account rates and disclosure and the Business Truth in Savings disclosure and acknowledges that it is part of the Business Membership and Account Agreement.

Member Merits do not apply to business/organization accounts, excluding trust accounts.

IRA Certificates are not eligible for Add-On Certificate offers. The 5-month Add-On Certificate rates are for new money only. New money is defined as funds that have not been on deposit with Oregon State Credit Union at any time during the certificate promotion period, unless deposited in the 30 days prior to certificate opening. New money must originate from another financial institution or source and cannot be transferred from an existing Oregon State Credit Union account.

  1. Rate information: The dividend rates and annual percentage yields are based upon the balance ranges as set forth in the certificate account rates chart. 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. The dividend rate and annual percentage yield are fixed and will be in effect for the term of the account.

  2. Compounding and crediting: Dividends will be compounded daily and credited monthly. The dividend period begins on the first calendar day of the month and ends on the last calendar day of the month.

  3. Balance information: The minimum balance required to open and maintain each account is $500. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal in the account each day.

  4. Accrual of dividends: Dividends begin to accrue on cash and non-cash (e.g., check) deposits on the business day you make the deposit into your account.

  5. Transaction limitations: After your account is opened, you may not make additional deposits to your Certificate account, unless the account is an Add-On Certificate offer. You may make additional deposits to your Add-On Certificate’s principal balance after the account is open, until maturity. You may make dividend withdrawals from all Certificate accounts. A withdrawal of dividends will reduce earnings.

  6. Maturity: Your account will mature within the term set forth at the time of opening your certificate.

  7. Early withdrawal penalty: We may impose a penalty if you withdraw any of the principal before the maturity date. a) How the penalty works: If certificate funds other than dividends are withdrawn prior to maturity, a penalty is imposed. The penalty assessed may reduce the remaining balance after the withdrawal. If the amount withdrawn reduces the balance below the minimum balance required, the certificate will be canceled, and the penalty will be taken from the entire principal balance. b) Amount of penalty: The amount of the early withdrawal penalty is based on the term of your account. Term of 365 days or more = $25, plus 3 percent of the amount withdrawn. Term of 364 days or fewer = $25, plus 1 percent of the amount withdrawn. Earned dividends will not be subject to a penalty. c) Exceptions to Early Withdrawal Penalties: We may pay the account before maturity without imposing an early withdrawal penalty when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.

  8. Renewal Policy: Your account will automatically renew for another term upon maturity if we do not receive other instructions from you. There is no grace period. Any changes to the account after the maturity date will result in withdrawal penalties. For promotional offers, you may not make additional deposits to your certificate after it automatically renewed to the non-promotional rate term at maturity.

    • The 8-month February 2023, May 2023 and 5-month Add-On Certificate offers will renew at maturity for a non-promotional rate with a 6-month term.

    • The 15-month February 2023, May 2023 and Add-On Certificate offers will renew at maturity for a non-promotional rate with a 12-month term.

  9. Nontransferable/nonnegotiable: Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the credit union.

  10. Flexible terms: Flexible terms range from 182 days - 5 years.

  11. Earned interest: Earned interest may be withdrawn without penalty before the certificate matures.

  12. Federally insured: Accounts are federally insured up to $250,000.

The par value of a regular share in the credit union is $5.

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