Saving Services
Regular Savings
- Must have at least $5 in this account to do business at Oshkosh Postal Employees Credit Union.
- Dividends are based on the daily balance in the account, paid quarterly and compounded quarterly. $75 is needed to earn dividends.
Christmas Club
- Begins October 1st and ends September 30th.
- Dividends are paid on September 30th. The whole amount is transferred to a savings account.
- The money is available when YOU want it. Clubs can be any amount of money.
Share Certificates
- From 3 months(90 days) to 36 months.
- We will try to match other rates and terms at other financials whenever we can.
- ONCE AGAIN: A 36 month certificate has a one time “step-up” feature. Once during the 36 month period, you can request to raise the rate to whatever is the going rate for a 36 month certificate at that time. The term will not change, just the rate. Locking into a longer term certificate just became easier.
- Reward Pricing on the certificates has been discontinued at this time.
Share Drafts (Checking)
- No minimum balance.
- No limit on the number of checks you write.
- No monthly fees.
- Cost of checks are usually cheaper.
- Checks within 10 days not 2-3 weeks.
- Night depository.
- MacCard (check card) with PULSE/CIRRUS access for faster/convenient service.
Second Savings Account
- Same interest rate (dividend) and other features as Regular Savings.
- Can be used for anything YOU want.
- Can have as many “second savings” accounts as you may need/want.
- Can have different beneficiary(ies) named. Even though the account must be set up the way the original or Regular Savings account is set up, you can name a different beneficiary(ies) for each different “second savings” account.
