Rates

APY = Annual Percentage Yield. Rates effective as of August 1, 2016. Fees may reduce earnings. Rates may change after opening.

Kasasa Cash*

Balance Dividend Rate APY
$0 – $10,000 2.48% 2.51%
$10,000.01+ 0.40% 2.51 – 0.59%, depending on balance in the account
Qualifications not met 0.05% 0.05%

Qualifications

To earn these rewards, simply meet the following qualifications during the monthly qualification cycle on your Kasasa Cash account:

  • Have at least 12 debit card purchases post and settle to your account
  • Be enrolled in and agree to receive eStatements
  • Have at least 1 Direct Deposit or ACH Auto Debit post and settle to your account

Kasasa Saver*

Balance Dividend Rate APY
0 – $25,000 1.01% 1.01%
$25,000.01+ 0.40% 1.01 – 0.52%, depending on balance in the account
Qualifications not met 0.05% 0.05%

Qualifications

To earn these rewards, simply meet the following qualifications during the monthly qualification cycle on your Kasasa Cash or Kasasa Cash Back account:

  • Have at least 12 debit card purchases post and settle to your account
  • Be enrolled in and agree to receive eStatements
  • Have at least 1 Direct Deposit or ACH Auto Debit post and settle to your account

Share Account

Balance Dividend Rate APY
$0 – $249 0.00% 0.00%
$250 – $499 0.10% 0.10%
$500 – $4,999 0.10% 0.10%
$5,000 – $19,999 0.10% 0.10%
$20,000 – $49,999 0.10% 0.10%
$50,000 – $99,999 0.10% 0.10%
$100,000+ 0.10% 0.10%

Youth Savings

Description Dividend Rate APY
Marty Moose 0.10% 0.10%
Student Plus 0.10% 0.10%

Money Market Account

Balance Dividend Rate APY
$0 – $4,999 0.00% 0.00%
$5,000 – $24,999 0.10% 0.10%
$25,000 – $49,999 0.15% 0.15%
$50,000 – $99,999 0.20% 0.20%
$100,000 – $249,999.99 0.25% 0.25%
$250,000.00+ 0.30% 0.30%

Share Certificate Accounts and IRAs*

Term Balance Dividend Rate APY
6 Months $500+ 0.25% 0.25%
1 Year $500+ 0.40% 0.40%
2 Years $500+ 0.75% 0.75%
3 Years $500+ 1.00% 1.00%
4 Years $500+ 1.19% 1.20%
5 Years $500+ 1.60% 1.61%

*A penalty will be imposed for early withdrawal

Other Accounts

Description Dividend Rate APY
Passbook IRA ($5 and over) 0.25% 0.25%
Clubs (no minimum) 0.10% 0.10%

A penalty will be imposed for early withdrawal.

Loan Rates

At Ocean Communities, we offer a wide variety of loans to our members. We have great rates and terms on loans for new and used cars, trucks, and recreational vehicles, including motorcycles, boats, snowmobiles, ATVs, and motor homes. We also offer a full array of mortgage products, including loans to buy a new home, refinance your existing home, and home equity loans and lines of credit to help you with that special remodeling project. We invite you to call and make an appointment to speak with one of our sales representatives at the branch office most convenient to you. We will work closely with you to find a personalized lending solution that best fits your needs.