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Deposit Rates

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Share Saving Rates
Effective Date: September 1, 2020
Share TypeMinimum DepositAPRAPYPenalty
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: Effective May 28, 2020
Share TypeMinimum DepositAPRAPYPenalty
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 0.40% 0.40% 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 TypeMinimum DepositAPRAPYPenalty
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