Deposit Product Rate as of March 22, 2024
- Checking
Product Amount Interest Rate APY† Direct Interest & 50+ Interest Checking $0.00 and over 0.05% 0.05% Platinum Interest Checking1 $0.00 - $2,499.99 0.05% 0.05% $2,500.00 and over 0.10% 0.10% Business Interest Checking $0.00 and over 0.05% 0.05% The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest will be compounded daily and credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Fees could reduce the earnings on the account.
†APY=Annual Percentage Yield.
1$6 monthly service charge will be avoided if you maintain a minimum daily balance of $2,500.
- Savings
Product Amount Interest Rate APY† Savings1 $0.00 - $9,999.99 0.05% 0.05% $10,000.00 and over 0.10% 0.10% Business Savings $0.00 - $9,999.99 0.05% 0.05% $10,000.00 and over 0.10% 0.10% The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest will be compounded daily and credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Fees could reduce the earnings on the account.
†APY=Annual Percentage Yield.
Withdrawals or transfers to another account or third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per statement cycle, which includes by check, draft, debit card or similar order to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For each additional withdrawal, an excessive withdrawal fee of $4 will be applied at the end of the statement cycle.
1$5 monthly service charge will be avoided if you maintain a minimum daily balance of $100.
- Money Market
Product Amount Interest Rate APY† Money Market $0.00 - $9,999.99 0.05% 0.05% $10,000.00 - $24,999.99 0.15% 0.15% $25,000.00 - $49,999.99 0.25% 0.25% $50,000.00 - $99,999.99 0.50% 0.50% $100,000.00 and over 1.00% 1.01% The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest will be compounded daily and credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Fees could reduce the earnings on the account.
†APY=Annual Percentage Yield.
Withdrawals or transfers to another account or third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per statement cycle, which includes by check, draft, debit card or similar order to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For each additional withdrawal, an excessive withdrawal fee of $10 will be applied at the end of the statement cycle.
$10 monthly service charge will be avoided if you maintain a minimum daily balance of $2,500.
- Certificates of Deposit & IRAs
Product Term Interest Rate APY† Certificate of Deposit
$2,500.00 to $49,999,993 Months 0.50% 0.50% 6 Months 4.00% 4.08% 12 Months 3.50% 3.56% 24 Months 2.50% 2.53% 36 Months 2.00% 2.02% Certificate of Deposit
$50,000.00 and over3 Months 0.50% 0.50% 6 Months 4.00% 4.08% 12 Months 3.50% 3.56% 24 Months 2.50% 2.53% 36 Months 2.00% 2.02% Individual Retirement Accounts 6 Months 4.00% 4.08% 12 Months 3.50% 3.56% 24 Months 2.50% 2.53% The interest rate and annual percentage yield for your account will be paid until the maturity of your Certificate of Deposit or IRA Certificate of Deposit. Interest is compounded daily and credited monthly, quarterly, semiannually, annually, or at the end of the term. Interest begins to accrue on the business day you deposit any noncash items (for example, a check). We use the daily balance method to calculate interest on this account. This method applies a daily periodic rate to the principal in the account each day. If any of the deposit is withdrawn before the maturity date, a penalty as shown below will be imposed.
Term Early Withdrawal Penalty 30 – 364 days 30 days of interest on the amount withdrawn 365 days – 5 years 90 days interest on the amount withdrawn Fees could reduce the earnings on the account. †APY=Annual Percentage Yield.
- Account Analysis
Product Amount Interest Rate APY† Account Analysis Earnings Allowance Rate 0.50% N/A The rate may change after the account is open. Fees could reduce the earnings on the account.
- Health Savings
Product Amount Interest Rate APY† Health Savings Account
$500.00 and overHSA Checking2 0.05% 0.05% HSA Savings2* 0.05% 0.05% HSA Liquidity3** 0.10% 0.10% The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest will be compounded daily and credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Fees could reduce the earnings on the account.
†APY=Annual Percentage Yield.
*Withdrawals or transfers to another account or third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per statement cycle, which includes by check, draft, debit card or similar order to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For each additional withdrawal, an excessive withdrawal fee of $4 will be applied at the end of the statement cycle.
**Withdrawals or transfers to another account or third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per statement cycle, which includes by check, draft, debit card or similar order to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For each additional withdrawal, an excessive withdrawal fee of $10 will be applied at the end of the statement cycle.
2$2.50 monthly service charge will be avoided if you also have a non-HSA personal checking account with OVCB/ESCB.
3$4 monthly service charge will be avoided if you also have a non-HSA personal checking account with OVCB/ESCB.