Savings and Deposit Account Rates

Savings and Deposit Account Rates

Regular Savings Account is one of the most popular services that OFCU provides. The account pays higher rates than most banks, and yet the account only requires $5 to open.
A balance of $5 must be maintained to be a member and receive other Credit Union services. Balances of $100 and up earn dividends on this account.
$100 -  $1,999.99 = .50%               APY* = .50%
$2,000 - 9,999.99 =  .75%              APY* = .75% 

$10,000 and up    =  1.00%              APY* = 1.01%
Our Checking Account is easy to open and easy to use. There's NO monthly service charge and NO per item charge.
No minimum balance is required to maintain the account, however, a deposit of $20 is necessary to open the account to cover your first order of checks. This account does not pay dividends. Good Savers Account gives you a unique combination of benefits. It pays a high yield and keeps your money liquid. A deposit of $2500 is necessary to open the account and must remain on deposit to keep the account active. Dividends are calculated on the Average Daily Balance.
$2500 - $9,999.99 = 1.48%           APY* = 1.49%
$10,000 - $24,999.99 = 1.72%        APY* = 1.74%

$25,000 - $49,999.99 = 2.21%        APY* = 2.24%

$50,000 -$99,999.99 = 2.40%         APY* = 2.43%

$100,000 and up = 2.75%             APY = 2.79%
Variable Individual Retirement Account (IRA) has a $25 minimum balance requirement and there are no monthly fees. Contributions may be made in a "lump sum" or by regular deposits through the year. Dividends are paid monthly.
$0 and over = 2.47%               APY* = 2.50%
Fixed Rate Individual Retirement Account (IRA) has a $500 minimum balance requirement and there are no monthly fees. The IRA is in Share Certificates with terms from 6 to 36 months. There is a 90-day loss of dividends for early withdrawal. Dividends are paid at maturity. Check with Omaha Federal Credit Union for current rates or our website. Holiday Club Account has no minimum balance requirement and there are no monthly fees. However, a loss of all interest will be assessed for early withdrawals prior to November 1 of each year.
$0 and over = 2.00%               APY* = 2.00%
Vacation Club Account has no minimum balance requirement and there are no monthly fees. However, a loss of all interest will be assessed for withdrawals prior to May 1 of each year.
$0 and over = 2.00%               APY* = 2.00%
Share Certificates are available with terms from 6 months to 24 months with a minimum deposit is $500. Terms from 36 - 60 months are available with a minimum deposit of $2,500. The rates are available upon request or on our website. Super Saver Share Certificates are available with terms of either 6 or 12 months. Minimum deposit is $25,000. The rates are available upon request or on our website.
Federal Deposit Insurance: Each Member's combined account balances are insured up to $100,000 by the National Credit Union Administration (NCUA), an agency of the United States Government. In addition, each Member's Individual Retirement Account (IRA) is insured separately to $100,000 by the NCUA. Federal regulations prohibits the payment of dividends in excess of available earnings. Dividends earned are based on the average daily balance calculation and paid monthly.
Rates Effective 02/01/08
* APY = Annual Percentage Yield

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