Oregon State Credit Union deposit account rates


Checking account rates
Effective Date: Tuesday, March 19th, 2024
Oregon State Credit Union checking accounts have: no minimum balance, free debit card (first issue), free online services and phone access teller (PAT), free Oregon State Credit Union ATM access.
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Rewards Checking NA NA NA
Free Checking N/A N/A N/A
TLT (Teen) Checking** N/A N/A N/A
Platinum Checking*** $1,000.00 0.05% 0.05%
Minimum balance required to open all checking accounts is $25.00.

* Minimum balance that must be maintained each day to earn dividends. Dividends paid monthly for the days on which the balance equals or exceeds $1,000.00.

** Members under 18 require a parent or guardian as a joint signer.

*** Members 55 and older qualify for Platinum Checking.

See checking account disclosures, rates and fees

 

Savings account rates
Effective Date: Tuesday, March 19th, 2024
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Basic Savings $100.00 0.15% 0.15%
Scottie Savers** $5.00 0.15% 0.15%
TLT (Teen) Savings** $5.00 0.15% 0.15%
Minimum balance to open all savings accounts is $5.00.

* Minimum balance that must be maintained each day to earn dividends.

** Members under 18 require a parent or guardian as a joint signer.

See savings account disclosures, rates and fees

 

Money Market account rates
Effective Date: Tuesday, March 19th, 2024
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Money Market $0.00 1.54% 1.55%
Investor's Money Market $10,000.00 See chart below See chart below

Minimum balance to open a Money Market account is $5.00.

Minimum balance to open an Investor's Money Market account is $10,000.00.

* Minimum balance that must be maintained each day to earn dividends.

See Money Market account disclosures, rates and fees

 

Investor's Money Market account rates
Effective Date: Tuesday, March 19th, 2024
For account balances ofDividend rateAnnual Percentage Yield (APY)
0 -$9,999 0.00% 0.00%
$10,000 - $24,999 1.59% 1.60%
$25,000 - $49,999 1.64% 1.65%
$50,000 - $99,999 1.98% 2.00%
$100,000 and more 2.23% 2.25%

See Money Market account disclosures, rates and fees

 

Health Savings Account (HSA) rates
Effective Date: Tuesday, March 19th, 2024
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Health Savings Account (HSA) N/A 1.54% 1.55%
There is no minimum balance to open a Health Savings Account.
* Minimum balance that must be maintained each day to earn dividends.

See Health Savings Account (HSA) disclosures, rates and fees

 

First-time Homebuyer Savings account
Effective Date: Tuesday, March 19th, 2024
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
First-time Homebuyer Savings account $100.00 1.54% 1.55%
Minimum balance to open a First-time Homebuyer Savings account is $5.00.
* Minimum balance that must be maintained each day to earn dividends.

See First-time Homebuyer Savings account disclosures, rates and fees.

 

Individual Retirement Account (IRA) savings rates
Effective Date: Tuesday, March 19th, 2024
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Individual Retirement Account (IRA) savings $5 0.15% 0.15%
The minimum balance to open an IRA savings account is $0.00.
* Minimum balance that must be maintained each day to earn dividends.

See Individual Retirement Account (IRA) account disclosures, rates and fees

 

Regular and Individual Retirement Account (IRA) certificate account rates†
Effective Date: Tuesday, March 19th, 2024
TermBalances of $500 - $24,999Balances of $25,000 - $99,999Balances of $100,000 and more
6-11 months
Dividend rate 4.64% 4.78% 4.93%
Annual Percentage Yield (APY) 4.75% 4.90% 5.05%
12-23 months
Dividend rate 4.59% 4.74% 4.88%
Annual Percentage Yield (APY) 4.70% 4.85% 5.00%
24-35 months
Dividend rate 3.92% 4.07% 4.21%
Annual Percentage Yield (APY) 4.00% 4.15% 4.30%
36-47 months
Dividend rate 3.63% 3.78% 3.92%
Annual Percentage Yield (APY) 3.70% 3.85% 4.00%
48-59 months
Dividend rate 3.15% 3.30% 3.44%
Annual Percentage Yield (APY) 3.20% 3.35% 3.50%
60 months
Dividend rate 3.25% 3.39% 3.54%
Annual Percentage Yield (APY) 3.30% 3.45% 3.60%

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

  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.

See certificate account disclosures, rates and fees

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