Lock in our best CD rates — hurry, offer ends 5/31/19

Visit a branch by 5/31/19 to open a certificate of deposit (CD) with our best rates as of May 27, 2019. During our special offer choose a CD with:

  • 2.75% APY(annual percentage yield) 24-month term.

  • 2.90% APY** (annual percentage yield) 36-month term.

Visit a branch | Best CD rates

Don't miss this special offer CD

  • High-earning interest rate. See other CD rates and options.

  • Minimum $2,500 opening deposit.

  • At least 50 percent of the deposit must be in funds not currently or previously held at Oregon State Credit Union.

  • Member Merits increase does not apply to this offer.

  • Withdraw earned interest without penalty before certificate matures.

  • Federally insured by the NCUA.

Questions about our best CD rate?

What are some examples of interest earned with a CD special?

Deposit

Term

APY*

Maturity

 Interest

$10,000 24 mo. 2.75% $10,557 $557
$10,000 36 mo. 2.90% $10,896 $896
$25,000 24 mo. 2.75% $26,392 $1,392
$25,000 36 mo. 2.90% $27,240 $2,240
  • Q: How do you get a special offer CD?

  • Q: What is a CD?

    • A: It's a certificate of deposit which enables you to invest your money in a higher interest earning option for a set period of time.

  • What could you save?

  • What should you do if you're not a member of Oregon State Credit Union?

Act now for high-yield CD saving

Visit a branch to take advantage of our high-earning CD rates as of May 27, 2019.

 


 

* Annual Percentage Yield (APY) is valid as of 3/11/19 and may be cancelled at any time without notice. Offer applies to 24 month term only. To qualify for 2.75% APY, minimum opening deposit of $2,500 required. At least 50% of opening deposit must be from funds not currently or previously held at Oregon State Credit Union. Account must maintain minimum balance of $2,500. Early withdrawal penalties may apply. Additional Member Merits increase does not apply to this offer. Other conditions may apply. Insured by NCUA.

** Annual Percentage Yield (APY) is valid as of 3/11/19 and may be cancelled at any time without notice. Offer applies to 36 month term only. To qualify for 2.90% APY, minimum opening deposit of $2,500 required. At least 50% of opening deposit must be from funds not currently or previously held at Oregon State Credit Union. Account must maintain minimum balance of $2,500. Early withdrawal penalties may apply. Additional Member Merits increase does not apply to this offer. Other conditions may apply. Insured by NCUA.

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

  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. 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 (i.e., checks) deposits on the business day you make the deposit to your account.

  5. Transaction Limitations: After your account is opened, you may not make additional deposits to your certificate account. You may make dividend withdrawals. 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. For IRA certificates, the minimum term is twelve (12) months.

  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% of the amount withdrawn. Term of 364 days or less = $25, plus 1% of the amount withdrawn. Earned dividends will not be subject to a penalty.

    • Exceptions to Early Withdrawal Penalties: We may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:

      • i. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.

      • ii. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) 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 account will automatically renew for another term upon maturity if we do not receive other instructions from you. These accounts do not have a grace period. Any changes to the account after the maturity date will result in withdrawal penalties.

  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 $5.00.

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.

 

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