Deposit Rates
Share Saving Rates
Effective Date: September 1, 2020
| Share Type | Minimum Deposit | APR | APY | Penalty |
|---|---|---|---|---|
| Savings | $5.00 | 0.05% | 0.05% | No Penalty |
| Christmas | No Minimum | 0.05% | 0.05% | No Penalty |
| Vacation | No Minimum | 0.05% | 0.05% | No Penalty |
| Checking | $25.00 | 0.00% | 0.00% | No Penalty |
| IRA | No Minimum | 0.50% | 0.50% | 60 day interest penalty if not 59 1/2 |
| *Rates subject to change monthly | ||||
All OFCU MEMBERS MAY ALSO USE ANY 5/3 BANK ATM SURCHARGE FREE
Certificate of Desposit Rates
Effective Date: Friday April 19,2024
| Share Type | Minimum Deposit | APR | APY | Penalty |
|---|---|---|---|---|
| 91 Days | $1,000.00 | 0.25% | 0.25% | All Interest Accrued |
| 182 Days | $1,000.00 | 0.40% | 0.40% | All Interest Accrued |
| 9 Months | $1,000.00 | 4.00% | 4.07% | 90 Day Interest Penalty |
| 12 Months | $1,000.00 | 0.50% | 0.50% | 90 Day Interest Penalty |
| 18 Months | $1,000.00 | 0.50% | 0.50% | 90 Day Interest Penalty |
| 24 Months | $1,000.00 | 0.60% | 0.60% | 90 Day Interest Penalty |
| 36 Months | $1,000.00 | 0.70% | 0.70% | 90 Day Interest Penalty |
| *Rates subject to change weekly | ||||
Money Market Rates
Effective Date: September 1, 2020
| Share Type | Minimum Deposit | APR | APY | Penalty |
|---|---|---|---|---|
| Tier 1 | $2,500.00 - $4,999.99 | 0.10% | 0.10% | No Penalty |
| Tier 2 | $5,000.00 - $9,999.99 | 0.10% | 0.10% | No Penalty |
| Tier 3 | $10,000.00 - $14,999.99 | 0.25% | 0.25% | No Penalty |
| Tier 4 | $15,000.00 and over | 0.25% | 0.25% | No Penalty |
| *Rates subject to change monthly **Three withdrawals per month. $5.00 fee for each excessive share withdrawal. | ||||
Insurance Coverage:
We are pleased to inform you that, under the "Emergency Economic Stabilization Act", federal share insurance coverage at your credit union has increased from $100,000 to $250,000 for individual accounts. The existing $250,000 coverage level for IRA retirement accounts remains unchanged under the new law