Certificate special: 7.00% APY, 70 days, $7,000 max

Boost your savings with this Certificate account special offer — 7.00% APY for 70 days up to $7,000 maximum — marking Oregon State Credit Union's 70th anniversary of serving our members and communities. Limited offer, act now! Check Certificate special rates here; use our Certificate calculator here.


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Certificate account special offers
Effective Date: Wednesday, June 19th, 2024
Certificate account specialTermDividend rateAnnual Percentage Yield (APY)
70 day special 70 days 7.00% 7.00%

 

Special offer

  • * APY = Annual Percentage Yield. Member Merits do not apply to the 15-month October 2023 Certificate. IRA Certificates are not eligible for the 15-month October 2023 Certificate. The 15-month October 2023 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.

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, 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. 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 Certificate 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 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 February 2023, May 2023 and 5-month add-on 2023 Special Certificate offers will renew at maturity for a non-promotional rate with a 6-month term.

    • The 15-month February 2023, May 2023, add-on 2023, and October 2023 special 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. The par value of a Regular Share in the Credit Union is $5.00.

  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.


Certificate account calculator: Oregon State Credit Union

  • Use this Certificate savings account calculator to help determine potential interest earnings and tax liability.

  • Final interest amount may vary based on the start date of the account and the number of days in each month.

  • Visit a branch today to set up a Certificate account. We're here to help you save more!

CD Information

Assumptions



Members: open your account today


Not a member? Start here

Learn more about Certificate savings:

Questions about our Certificate accounts?

  1. How do you get a Certificate account? Visit one of our branches or call 800-732-0173.

  2. What is a Certificate account? 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 at a branch and take advantage of our many excellent savings accounts.


Helpful Certificate account terms

  • Automatic rollover: When a certificate matures, the certificate holder has a certain number of days to move the proceeds to another account. If they do nothing, we automatically reinvest the proceeds into a new certificate based on the terms defined in the disclosure of the original Certificate.

  • Withdraw earned dividends without penalty: Dividend payments are credited monthly and may be withdrawn without penalty at any time.

  • Insured by NCUA: Funds are federally insured by NCUA to at least $250,000.

  • APY: APY is the total amount of dividends you earn on a deposit account over one year.

  • Add-on Certificate: An add-on Certificate is a type of certificate of deposit that allows for money to be added to the account balance after the initial deposit. Money may be added up through the date the Certificate matures.

  • Maturity: A Certificate is said to be mature at the close of business on the last day of the defined term agreed to when the certificate account was opened. At maturity, the funds in the Certificate account can be rolled over to another account or withdrawn with no penalty. If you roll the funds over to another account you are not guaranteed to get the same rate of return.

 

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