Money Management

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Want to make your money work harder for you, but still have the option of withdrawing your funds? A Money Management Account may be the right choice for you.

With an OTIS Money Management Account, you’ll earn a higher dividend rate than with a standard Savings Account, boosting your saving power. And, unlike with a Share Certificate, you can easily access your money if you need to. Think of Money Management as the best of both worlds!

Note: A minimum opening balance of $2,000.00 is required with withdrawals of $500.00 or more.

More Information About Money Management Accounts

Savings Rates

Account TypeDividend RateAnnual Percentage YieldMinimum Opening/Required Balance
Membership Share (Savings)0.05%0.05%$25.00
Coindexter Club (Youth Savings - Under 13 years of age)0.05%0.05%$5.00
Teen Flex (Teen Savings - 13-15 years of age)0.05%0.05%$15.00
Share Draft (Checking)0.00%0.00%$0.00
Holiday Club*0.05%0.05%$0.00
*Withdrawals made more than 7 days after the account is opened and before the maturity date of October 18, 2024 are subject to a $5.00 penalty.

Rates effective 2/27/2024.

Money Management**

Tier 10.05%0.05%$0.00 to $1,999.99
Tier 22.96%3.00%$2,000.00 to $20,000.00
Tier 33.20%3.25%$20,000.01 plus
**Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge.
Excess withdrawals will be charged a $1.00 thereafter.

Rates effective 2/27/2024.
IRA Share0.05%0.05%$25.00
Roth IRA Share0.05%0.05%$25.00
Coverdell Educational IRA Share0.05%0.05%$25.00
Health Savings***$0.00
Tier 10.05%0.05%$0.00 to $1,999.99
Tier 20.85%0.85%$2,000.00 to $20,000.00
Tier 31.04%1.05%$20,000.01 plus
***Fees for stop payment, overdrawn/NSF share drafts, fee-based ATM withdrawals, replacement cards and the like, may not be deducted or withdrawn from health savings accounts. These fees shall be deducted from other accounts in which the health savings account owner has an interest.

Rates effective 2/27/2024.

How can OTIS work for you?

If you live, work, worship, or attend school in Franklin County, Canton, Fayette, Hartford, Leeds, Livermore, Livermore Falls, Mount Vernon, Readfield, Turner, Vienna, or Wayne, you’re eligible to be part of OTIS FCU – and we’d love to have you join our community.