Savings accounts disclosures, rates and fees
Savings account rates
Effective Date: Saturday, April 19th, 2025
| Account | Minimum balance to earn dividends* | Dividend rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Basic Savings | $100.00 | 0.15% | 0.15% |
| Scottie Savers** | $5.00 | 0.15% | 0.15% |
| TLT (Teen) Savings** | $5.00 | 0.15% | 0.15% |
| Minimum balance to open all savings accounts is $5.00. | |||
* Minimum balance that must be maintained each day to earn dividends. ** Members under 18 require a parent or guardian as a joint signer. | |||
High-Yield Savings account rates**
Effective Date: Saturday, April 19th, 2025
| For account balances of | Dividend rate | Annual Percentage Yield (APY*) |
|---|---|---|
| $0 - $1000 | 4.88 | 5.00% |
| $1001 and over | 1.00 | 1.00% |
| * Annual percentage yield and rate may change. Fees could reduce earnings. First-year earnings are based on a 12-month average. Limit of one account per member. APY effective 4/1/2025 and subject to change. **Your statement will display a single blended rate, which is a weighted average of the two rates applicable to the High-Yield Savings Account balance. | ||
Call 541-714-4000
Savings account fees
Effective Date: Saturday, April 19th, 2025
| Fee type | Product fees |
|---|---|
| Basic Savings account | |
$250 minimum balance |
No charge |
Less than $250 minimum balance |
$3.00 / calendar month |
| Scottie Savers Club - Age 0 to 12 | No charge |
| TLT Savings account | No charge |
Following a 3-month grace period, Basic Savings must maintain a minimum daily balance of more than $250 or, if less than $250, have one other account type to avoid a $3 service fee per calendar month. If you have multiple Basic Savings Accounts, each account may receive a separate fee based on each individual balance. The $3.00 fee is not applicable to Scottie Savers or TLT Accounts.
| |
| Overdraft Paid (Courtesy Payment) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment** |
| Returned Item fee (non-sufficient funds) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment*** |
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account. ***Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted for payment. | |
High-Yield Savings account fees
Effective Date: Saturday, April 19th, 2025
| Fee type | Product fees |
|---|---|
| High-Yield Savings account | |
$0 - $1000 |
No charge |
$1001 or over |
No charge |
| Overdraft Paid (Courtesy Payment) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment** |
| Returned Item fee (non-sufficient funds) | |
| $10.00 or less | No fee |
| $10.01 or greater | $10 per presentment*** |
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account. ***Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted for payment. | |