Money Management

Our Money Management accounts are the best of both worlds!

Money Management

With our Money Management accounts, you can earn a higher dividend rate than in a standard Share Account, and still withdraw your money if you need to.

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

Savings Rates

Account Type Dividend Rate Annual Percentage Yield Minimum Opening/Required Balance
Membership Share 0.20% 0.20% $25.00
Coindexter Club(under 13) 0.20% 0.20% $5.00
Share Draft (checking) 0.00% 0.00% $0.00
Clubs 0.20% 0.20% $0.00
Holiday Club* 0.20% 0.20% $0.00
*Withdrawals made more than 7 days after the account is opened and before the maturity date of October 18, 2018 are subject to a $5.00 penalty.
Money Management** $2,000.00
Tier 1 0.05% 0.05% $0.00 to $1,999.99
Tier 2 0.80% 0.81% $2,000.00 to $20,000.00
Tier 3 1.00% 1.00% $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.
IRA Share 0.30% 0.30% $25.00
Roth IRA Share 0.30% 0.30% $25.00
Coverdell Educational IRA Share 0.30% 0.30% $25.00
Tier 1 0.20% 0.20% $0.00 to $1,999.99
Tier 2 0.45% 0.45% $2,000.00 to $20,000.00
Tier 3 0.50% 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payment, overdrawn/NSF share drafts, fee based ATM withdrawals, replacement cards and the like, may not be deducted or withdrawn from health savings accounts.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

"Before [my husband and I] were married, we started a savings account at OTIS FCU. We deposited all of our 'silver change', our bottle deposit money, and any found money (scratch ticket winnings, tax refund, etc.). That fund turned into a Money Management account, and eventually became the down payment on our first home. It turned us into lifelong savers."

-Tina R., OTIS Member since 1993