Limited-time offer with a high-yield Certificate account with rates as high as 5.00% APY

Earn our highest rate on Certificate savings. There are no monthly fees and only $500 needed to take advantage of this special offer. This limited-time offer is effective February 21, 2023. Act now!

Visit a branch | Certificate account special offer

*IRA certificate not eligible for special Certificates offer. **Rewards Checking or Smart or Select Business Checking must be maintained as an open account for the duration of the special Certificate offer. ***Rates in parenthesis ( ) indicate annual percentage yield after compounding daily and posting monthly.

Questions about our best Certificate account rate?

1. How do you get a special offer Certificate account? Visit one of our branches.

2. What is a Certificate account? A Certificate account is a type of savings account that has a fixed interest rate and a fixed date when you can withdraw funds, known as a maturity date.

3. What should you do if you're not a member of Oregon State Credit Union? Join online here and take advantage of our many excellent savings accounts.

Certificate Account Disclosure

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.

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.

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. The 8-Month special Certificate offer will renew at maturity for a non-promotional rate 6-month term. The 15-Month special Certificate offer will renew at maturity for non-promotional rate 12-month term. 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.