Earn up to 3.56% APY with this 6-month add-on Certificate*
Boost your savings with our 6-month add-on Certificate offer. Start with as little as $250 and add money any time through the maturity date. No monthly fees, risk free savings, guaranteed yield. Act now!
Members: open your account today
Certificate account offers
Effective Date: Friday, October 11th, 2024
Certificate account offer | Term | Dividend rate | Annual Percentage Yield (APY) |
6-month add-on certificate* |
6 months |
3.50% |
3.56% |
Certificate offer - * APY = Annual Percentage Yield and is accurate as of September 20, 2024. Member Merits do not apply to add-on certificate offers. IRA Certificates are not eligible for this promotion. Other terms and conditions may apply.
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. -
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. -
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. -
Balance Information: The minimum balance required to open and maintain each account is $500. For Scottie, TLT and 6-month add-on 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. -
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. -
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. -
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. -
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. -
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 term at maturity. -
The 70-day anniversary certificate, 5-month promotional add-on certificate, and 8-month 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 15-month promotional certificate, 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. -
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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Certificate account calculator: Oregon State Credit Union
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Use this Certificate savings account calculator to help determine potential interest earnings and tax liability.
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Final interest amount may vary based on the start date of the account and the number of days in each month.
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Visit a branch today to set up a Certificate account. We're here to help you save more!
Members: open your account today
Learn more about Certificate savings:
Questions about our Certificate accounts?
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How do you get a Certificate account? Visit one of our branches or call 800-732-0173.
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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.
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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
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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.
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Withdraw earned dividends without penalty: Dividend payments are credited monthly and may be withdrawn without penalty at any time.
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Insured by NCUA: Funds are federally insured by NCUA to at least $250,000.
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APY: APY is the total amount of dividends you earn on a deposit account over one year.
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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.
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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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