Money Management

Make your money work harder for you with a Money Management Account. 

Money Management


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 Share 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.


Savings Rates

Account TypeDividend RateAnnual Percentage YieldMinimum Opening/Required Balance
Membership Share (Savings)0.10%0.10%$25.00
Coindexter Club (Youth Savings - Under 13 years of age)0.10%0.10%$5.00
Share Draft (Checking)0.00%0.00%$0.00
Clubs0.10%0.10%$0.00
Holiday Club*0.10%0.10%$0.00
*Withdrawals made more than 7 days after the account is opened and before the maturity date of October 18, 2021 are subject to a $5.00 penalty. Rates effective 11/2/2020.

Savings Rates effective 11/2/2020.

Money Management**

Rates Effective 5/1/2020

$2,000.00
Tier 10.05%0.05%$0.00 to $1,999.99
Tier 20.15%0.15%$2,000.00 to $20,000.00
Tier 30.30%0.30%$20,000.01 plus
**Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge.
Excess withdrawal will be charged a $1.00 thereafter. Rates effective 10/1/2019.
IRA Share0.30%0.30%$25.00
Roth IRA Share0.30%0.30%$25.00
Coverdell Educational IRA Share0.30%0.30%$25.00
Health Savings***$0.00
Tier 10.20%0.20%$0.00 to $1,999.99
Tier 20.45%0.45%$2,000.00 to $20,000.00
Tier 30.50%0.50%$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payment, overdrawn/NSF share drafts, fee based ATM withdrawals, replacement cards and the like, may not be deducted or withdrawn from health savings accounts.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.Minimum balance required to obtain the Annual Percentage Yield for the dividend period. All Rates are subject to change without notice. Truth in Savings Disclosure