Bank
Personal Savings
Rates effective as of January 1, 2025
Share and Statement Savings
To become a member of Ocean State Credit Union and take advantage of the credit union’s services, you must open a Share Account with a maintained $5.00 balance.
Share Account
- Deposits can be made in person at any of our branch locations, by direct deposit or transfer funds from your other OSCU accounts via Online Banking & Mobile Banking.
- Dividends are compounded and paid quarterly. A minimum opening deposit of $5.00 required / $10.00 is required to earn the annual percentage yield (APY)*.
Statement Savings
- A balance of $5.00 is required to maintain the account and earn the annual percentage yield (APY)*.
- Interest compounded monthly and credited monthly
- ATM card(s) are available.
- Unlimited 24-hour access to your accounts at thousands of surcharge-free ATM machines that are part of the Accel®, Visa®, Plus®, and Credit Union Connection Networks (applicable fees may apply from the owner of the ATM).
- Deposits can be made in person at any of our branch locations, by direct deposit, or transfer funds from your other OSCU accounts via Online Banking & Mobile Banking Service, or via an ATM (if you have subscribed to this service).
Current Share and Statement Savings Account Rates
| Product | Term | APY* | Interest Rate | Interest Paid | Minimum Deposit to earn APY |
|---|---|---|---|---|---|
| Share Account | None | 0.03% | 0.02999% | Quarterly | $10.00 |
| Deposit Account | None | 0.03% | 0.02999% | Quarterly | $5.00 |
| Statement Savings | None | 0.03% | 0.02999% | Monthly | $5.00 |
| Club Accounts | 50 Weeks | One half week bonus | Yearly | $2.00 | |
| Mortgage Escrow | 0.03% | 0.03000% | Yearly | As Required |
*APY = Annual Percentage Yield
Products In Italics Have A Special Rate.
Rates Are Subject To Change at anytime without notice
Youth and Teen Savings
Ocean State Credit Union’s youth and teen saving programs help educate children and young adults about the importance of establishing good saving habits, as well as overall financial literacy.
Kirby Kangaroo® and CU Succeed®
Kirby Kangaroo®
For children up to age 12
Access to the Kirby Kangaroo website with lots of fun content including stories, games, coloring pages, jokes. Helps educate and entertain young children.
Kirby Kangaroo Promotions
Special incentives and promotions throughout the year geared towards our young saver.
NO monthly or annual fees!
All Kirby and CU Succeed kids are enrolled in a program that gives them incentives to save! With every qualifying deposit* your child can earn one or more “OSCU Buck” to use towards prizes and other great rewards. In addition, every year during the month of the child’s birthday, OSCU will sent out a coupon for 5 OSCU Bucks.
Joining is FREE. Just deposit $5.00 into your new Kirby Kangaroo® share account.**
For the current prize list click here
*Qualifying deposits are $10.00 or more. Limit 4 OSCU Bucks per child per day.
**Account must be opened with a parent or guardian over age 18. Must present Social Security Number Proof and Birth Certificate.
CU Succeed®
For teens/young adults ages 13-18
Access to the CU Succeed website covering topics relevant to teens/young adults. Site offers loan and savings calculators, sample resumes, budget spreadsheets, tips for buying your first car, advice on topics like credit and debit card use.
CU Succeed Promotions
Special incentives and promotions throughout the year, account offers, etc.
NO monthly or annual fees!
All Kirby and CU Succeed kids are enrolled in a program that gives them incentives to save! With every qualifying deposit* your child can earn one or more “OSCU Buck” to use towards prizes and other great rewards. In addition, every year during the month of the child’s birthday, OSCU will sent out a coupon for 5 OSCU Bucks. (up to the age of 18)
Joining is FREE, just deposit $5.00 into your new CU Succeed® share account.*
For the current prize list click here
*Qualifying deposits are $10.00 or more. Limit 4 OSCU Bucks per child per day.
**Account must be opened with a parent or guardian over age 18. Must present Social Security Number Proof and Birth Certificate.
Current Share and Statement Savings Youth Account Rates
| Product | Term | APY* | Interest Rate | Interest Paid | Minimum Deposit to earn APY |
|---|---|---|---|---|---|
| Share Account | None | 0.03% | 0.02999% | Quarterly | $10.00 |
| Deposit Account | None | 0.03% | 0.02999% | Quarterly | $5.00 |
| Statement Savings | None | 0.03% | 0.02999% | Monthly | $5.00 |
| Club Accounts | 50 Weeks | One half week bonus | Yearly | $2.00 | |
| Mortgage Escrow | 0.03% | 0.03000% | Yearly | As Required |
*APY = Annual Percentage Yield
Products In Italics Have A Special Rate.
Rates Are Subject To Change at anytime without notice
Club Accounts
Christmas Club
Don’t let the holidays sneak up on you. Be prepared by opening a Ocean State Credit Union Christmas Club Account. Receive a gift of your own with a BONUS* at the end of the club.
- Enrollment for a Christmas Club is between October and December.
- Christmas Club Bonuses (if applicable**) are paid out the first week of October.
- Clubs may be opened with a minimum of $2 and maximum of $50 weekly.
- BONUS will be equal to 50% of one designated weekly contribution*; example: a $20 per week club, if paid each week for 50 weeks, will earn a bonus of $10.
Vacation Club
We can help you save for your dream vacation with our Ocean State Credit Union Vacation Club Account. Earn a BONUS* at the end of the club so you can splurge a little.
- Enrollment for a Vacation Club is between May and July.
- Vacation Club Bonuses (if applicable**) are paid out the third week of May.
- Clubs may be opened with a minimum of $2 and maximum of $50 weekly.
- BONUS will be equal to 50% of one designated weekly contribution*; example: a $20 per week club, if paid each week for 50 weeks, will earn a bonus of $10.
* Earn a BONUS week in lieu of interest equal to 50% of one designated weekly contribution (the weekly amount at which the Club was opened). At the end of the Club, your funds and BONUS week (if applicable**) will be deposited into your OSCU Share Account.
**Bonus applies only when deposits are made each week for 50 weeks from the opening of the Club Account.
Small Business Savings Accounts
Business Savings Solutions
To become a Business Member of Ocean State Credit Union and take advantage of the Credit Union Business Services, you must open both a Personal & Business Share Account and maintain a minimum $5.00 balance in each.
Business Share Savings Account
- Deposits can be made in person at any of our branch locations, by direct deposit or transfer funds from your other OSCU accounts via Online Banking and Mobile Banking Service.
- Dividends are compounded and paid quarterly.
- A minimum balance of $10.00 is required to earn the annual percentage yield (APY)*.
Business Statement Savings Account
- A balance of $5.00 is required to maintain the account and earn the annual percentage yield (APY)*.
- Interest compounded monthly and credited monthly.
- You can make deposits in several ways: in person at any of our branch locations, through direct deposit, using Online Banking or Mobile Banking Services, or via an ATM with your Business Visa Debit Card linked to your Small Business Checking Account (if you have subscribed to this service).
| Product | Term | APY* | Interest Rate | Interest Paid | Minimum Deposit to earn APY |
|---|---|---|---|---|---|
| Share Account | None | 0.03% | 0.02999% | Quarterly | $10.00 |
| Deposit Account | None | 0.03% | 0.02999% | Quarterly | $5.00 |
| Statement Savings | None | 0.03% | 0.02999% | Monthly | $5.00 |
| Club Accounts | 50 Weeks | One half week bonus | Yearly | $2.00 | |
| Mortgage Escrow | 0.03% | 0.03000% | Yearly | As Required |
*APY = Annual Percentage Yield
Products In Italics Have A Special Rate.
Rates Are Subject To Change at anytime without notice
How Your Funds are Federally Insured
The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government. The NCUSIF insures member savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All federal credit unions and the vast majority of state-chartered credit unions are covered by NCUSIF insurance protection. Click here to learn more about how your accounts are federally insured.