Special Savings Accounts

Saving money is the first step toward building your financial future, and one of the best disciplines to learn and teach to others. It is important to make saving a regular part of your life, and OECU is ready to help you establish and enhance your financial well-being through the many savings products it offers.

These special savings products are statement savings accounts. There is no need to carry a passbook. You will receive a combined statement that shows all your Savings, Checking and Loan Accounts, which makes it easier to manage your finances.

You have anytime access to your money by using "Toni" The Touch-Tone Teller or an OECU ATM Card--plus six-days-a-week access by visiting an OECU office.

Holiday Savings Account

Plan for those holiday needs early by opening an OECU Holiday Savings Account. This account is designed to let you put your money aside throughout the year, so you can start spending in time for the fall holidays.

The funds in your OECU Holiday Account are automatically transferred to your OECU Regular Share Savings Account during the first week of November.

If you don't use all of your Holiday Savings Account money, you can put it back into your Holiday Savings Account for the next year by making a simple phone call to "Toni" The Touch-Tone Teller.

Vacation Accounts

Your vacation plans can be made easier if you have your OECU Vacation Account full of funds to use on that special trip you are planning.

Open your OECU Vacation Account and put a little money aside with each paycheck by using payroll deductions or direct deposit.

When making your vacation plans, don't forget about the other financial services that OECU provides that can make your vacation more enjoyable.

• OECU VISA® Check Card or VISA Credit Card (Accepted wherever you see the VISA logo)
• OECU sells American Express® travelers checks and Checks for Two (fee waived for all Bronze, Silver and Gold Package members)

Summer Reserve Pay Account

The Summer Reserve Pay Account was established to help those in the education field who do not receive pay during the summer months. It's a place to put a little extra savings aside with each paycheck during the school year so that you have money available if you are not receiving a paycheck in the summer.

This account can be useful for members who have seasonal employment and would like to accumulate some extra savings, while working to help them manage their finances when they are not receiving a paycheck.

By using payroll deductions or direct deposit with an OECU Summer Reserve Pay Account, you can make it easier to accumulate that extra savings.

Name Your Own Savings Account

You can set up a special savings account and name it what you like. Is it for college? Is it for a new car? Is it for a special anniversary gift? You can use it to save for any purpose and name the account to match your needs. The name will appear on your account statement, making it easy to keep track of the progress you are making, and it can be accessed via "Toni" The Touch Tone-Teller or by visiting any OECU office.

Use this account in conjunction with payroll deductions or direct deposit and make your savings plan easier to manage.

The special savings products are tiered savings accounts offering a competitive rate of interest that grows as the money in your account grows. The tiers are:

The special savings accounts have a monthly earning period, and earnings compound quarterly, based on the average daily balance. The dividends on the account will be posted after normal business hours on the last day of each calendar quarter.

The statements for the special savings accounts are mailed quarterly unless there is payroll/direct deposit, ATM or other electronic activity, which would then result in a statement sent each month that this activity occurs.

Special
Savings Account

The Application Form is a downloadable PDF File, requiring Adobe Acrobat Reader 5.0 or greater. Acrobat Reader can be downloaded by clicking on the above link.