Current Rates Effective 3/01/2020
Regular Savings Account is one of the most popular services that Omaha FCU 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.
|Regular Savings Account**||Minimum Balance to Open Account||Dividend Rate||APY*|
|$100 – $1,999.99||$5||0.10%||0.10%|
|$2,000 – $9,999.99||$5||0.10%||0.10%|
|$10,000 and up||$5||0.10%||0.10%|
Interested in becoming a member? Click Here.
Our Checking Accounts are easy to open and easy to use. There’s NO monthly service charge and NO per item charge.
We offer three types of accounts: E-Checking, Classic Checking and Premier Checking. Both the E-Checking and Classic Checking have no minimum balance requirements to maintain the accounts, however, a deposit of $20 is necessary to open the Classic Checking account to cover your first order of checks. These accounts do not pay dividends.
Our Premier Checking has a minimum balance requirement of $1,000 to earn dividends. Dividends are calculated on the Average Daily Balance.
|Premier Checking***||Minimum Balance to Open Account||Dividend Rate||APY*|
|$1,000 – $1,999.99||$1,000||0.05%||0.05%|
|$2,000 – $9,999.99||$1,000||0.05%||0.05%|
|$10,000 and up||$1,000||0.10%||0.10%|
Want to learn more about our Premier Checking Account? Click Here.
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.
|Good Savers Account||Minimum Balance to Open Account||Dividend Rate||APY*|
|$2,500 – $9,999.99||$2,500||0.10%||0.10%|
|$10,000 – $24,999.99||$2,500||0.10%||0.10%|
|$25,000 – $49,999.99||$2,500||0.10%||0.10%|
|$50,000 – $99,999.99||$2,500||0.10%||0.10%|
|$100,000 and up||$2,500||0.10%||0.10%|
Want to learn more about our Good Savers Account? Click Here.
Christmas Club and Vaction Club Accounts have no minimum balance requirement and there are no monthly fees. However, a loss of all interest will be assessed for early withdrawals prior to the maturity dates. For Christmas Clubs that is prior to November 1 and for the Vacation Club that is prior to May 1.
|Christmas/Vacation Club Account||Minimum Balance to Open Account||Dividend Rate||APY*|
|$0 and up||$10||0.20%||0.20%|
Want to learn more about our Christmas/Vacation Club Accounts? Click Here.
A Health Savings Account is a tax-sheltered savings account similar to an IRA, but earmarked for medical expenses. Anyone under the age of 65 who buys a qualified high-deductible policy can open and contribute to a Health Savings Account. Deposits are 100% tax-deductible (even if you don’t itemize) and can be easily withdrawn to pay routine medical bills with tax-free dollars. And unlike an IRA, there aren’t any income limits regarding participation in this account. We suggest you consult your tax advisor regarding tax advantages of a HSA.
|Health Savings Account||Minimum Balance to Open Account||APR||APY*|
|$0 and over||$0||0.20%||0.20%|
Want to learn more about our Health Savings Account? Click Here
Federal Deposit Insurance: Each Member’s combined account balances are insured up to $250,000 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 $250,000 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.
*APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are credited to your account and compounded every month. This schedule is incorporated as a part of your account agreement with Omaha Federal Credit Union. Minimum balance requirements apply to average daily balance (amount of principal in an account each day). All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors. A penalty may be imposed for withdrawals before maturity. Rates subject to change.