Save more with Certificate Account rates as high as  APY

Online certificate accounts ¹

Add-on certificate account  ²

Standard certificate accounts ³

Online certificate accounts ¹

Standard certificate account disclosure ³

APY offer is good as of the effective date shown above the table. APY is accurate as of the last dividend date. Fees may reduce earnings on this account. See the early withdrawal penalty disclosure below.

^†The annual percentage yields shown above incorporate a 0.25% rate increase above the standard Certificate APYs.

• Members in the Premier Member Merits category qualify for this 0.25% Certificate APY increase.
• Members in the Enhanced Member Merits category qualify for a 0.15% Certificate APY increase.
• Members in the Essential Member Merits category qualify for the standard Certificate dividend rates.
• Premier, Enhanced and Essential are categories of the Member Merits program, a program that rewards members based on the member’s relationship with the credit union. See the Member Merits reward program page for details. The Member Merits reward program does not apply to business or organization accounts, but does apply to trust accounts.
• The Member Merits rate increases are subject to change.

Each account holder agrees to the terms set forth on the Certificate Account Rates above and the Certificate Account Disclosure below and acknowledges they and the Truth in Savings Disclosure are part of the Membership and Account Agreement.

Certificate Account Disclosure (Online and Standard)

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, except for bump certificates, which offer a one-time rate increase during the term to match the current interest rate offered by Oregon State Credit Union on certificates of the same term and required deposit.
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. For Scottie and TLT certificates, the minimum opening balance is $250. 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. You may make additional deposits to your add-on certificate’s principal balance after the account is open, until maturity. If your add-on certificate rate is for new money only, any additional deposits must also be new money. 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. IRA certificates must have terms of 12 months or longer, except for the 8-month add-on promotional certificate.
7. Early withdrawal penalty: We may impose a penalty if you withdraw any of the principal before the maturity date.
   • 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.
   • 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.
   • Exceptions to early withdrawal penalty: We may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
     • When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
     • Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven days after establishment, or where the account is an IRA and the owner attains age 59 1/2 or becomes disabled.
8. Renewal policy: Your certificate account will automatically renew for another term upon maturity, at an interest rate offered for that certificate at the time of renewal. There is no grace period. Any changes to the certificate account after the maturity date will result in withdrawal penalties. You may not make additional deposits to a certificate account after it automatically renews to a non-promotional rate and term at maturity.
   • The 8-month add-on promotional certificate will automatically renew at maturity to a non-promotional 6-month certificate at an interest rate offered for that non-promotional certificate at the time of renewal.
   • The 13-month and 15-month promotional certificates, including the 15-month promotional add-on certificate, will automatically renew to a non-promotional 12-month certificate at an interest rate offered for that non-promotional certificate at the time of renewal.
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. The par value of a regular share in the credit union is $5.
10. Automatic renewal: Members will receive a maturity notice shortly before the certificate matures. The certificate can automatically be renewed at the dividend rate in effect on the renewal date. Members will receive notices electronically when you register for estatements.