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More ways to save
We can help you make sure your savings keep growing by offering a variety of ways to save and invest your money — all at competitive rates.
Your money is safe at OnPoint
Your savings are federally insured to at least $250,000 by the National Credit Union
Share Insurance Fund (NCUSIF), which is administered by the National Credit Union
Administration (NCUA) and backed by the full faith and credit of the U.S.
government.
If you have an IRA with OnPoint, it’s insured up to an additional $250,000. For
more information about the insurance that protects your deposits, you’ll find these
publications helpful. How Your Accounts Are Federally Insured
is an overview of NCUA insurance. Your Insured Funds
is a more detailed review of this subject. Of course you are always welcome to call
us, or stop by any branch, to discuss this important topic.
Savings
OnPoint savings accounts offer above market rates. If you need to tap into your savings, you can access these funds with a OnPoint ATM card. Your OnPoint Savings account can also be used for Overdraft Protection.
Market Rate Savings
If you maintain a higher savings balance, enjoy easy access to your funds and want the benefit of earning more for your money, our Market Rate Savings is the smart choice. With tiered, above-market rates for balances above $2,500, $10,000, $25,000, $50,000 and $100,000 you can put your money to work for you. Your Market Rate Savings account can also be used for Overdraft Protection.
FlexSmartSM Money Market Account
Higher interest rates, easy access. Now that's smart. With our FlexSmartSM Money Market Account you'll enjoy tiered above-market rates of return, free checks, and no annual fees. Plus, you can use this account to provide free Overdraft Protection on your OnPoint Checking Account.
Certificate of Deposit (CDs)
Earn a higher yield on your savings with OnPoint CDs, most available with a $1,000 minimum deposit, with a variety of terms. Your rate is locked in for the entire term of the CD.
Members Under 18
Members under the age of 18 can open a 3, 6, 12, 18 or 24-month Certificate of Deposit with a minimum deposit of just $100***. Lock in a great rate and build your savings for the future!
Individual Retirement Accounts (IRAs)
What’s your dream for retirement? At OnPoint, we have the resources to help you get there - like our Roth and Traditional Individual Retirement Accounts. Whether you are looking for a safe place to deposit a rollover IRA, or want to establish a new retirement plan, we can help. If you are a participant in the Oregon Public Employees Retirement System (PERS) and have questions about your options, we invite you to visit http://oregon.gov/PERS/ for the latest information.
An IRA may give you a tax break while you save. Choose from a variable rate IRA account or fixed rate IRA Certificate of Deposit account with terms from six months to five years. You may be able to claim a deduction on your tax return, so consult your tax advisor for details.
Let OnPoint help you save on a regular basis
Automatic transfers and payroll deductions are easy ways to save. You can transfer $50, $100 or more each month into your savings account without ever having to lift a finger. Ask your Member Service Representative for details.
Know your Federal Regulations
If you have a Savings, Market Rate Savings, FlexSmartSM Money Market Account or Teachers Deposit Fund, your OnPoint account is subject to Federal Regulation D transaction limitations. Click here for more information.
For more information contact:
Member Services
M-F 7:00 a.m. - 7:00 p.m.
503.228.7077
800.527.3932
info@onpointcu.com
visit your nearest branch.
Savings Comparison
| Savings |
Regular |
Market Rate Savings |
FlexSmartSM Money Market Account |
Certificate of Deposit |
Annual Withdrawal CD |
| Minimum Opening Deposit |
$5 |
$0 |
$10,000 |
$1,000 |
$5,000 |
| Rates |
Above-market,variable |
Tiered, above-market rates that increase at $2,500, $10,000,$25,000, $50,000 & $100,000 |
Tiered, above-market rates that increase at $5,000, $10,000, $25,000, $50,000 & $100,000 |
Higher, fixed rates Tiered at $1,000 & $50,000 |
Tiered at $1,000, $50,000 & $100,000 |
| Available as Traditional or Roth IRA |
Yes |
No |
No |
Yes |
No |
| Terms |
N/A |
N/A |
N/A |
Six months to 60 months |
60 months |
| Accessibility |
Available anytime through transfers to your checking account* or with an ATM card |
Available anytime through transfers to your checking account* or with an ATM card |
Available with Visa® Check Card at any ATM, up to three checks per month**, in-person transactions or through transfers to your checking account* |
Available anytime, subject to early withdrawal penalties |
Up to 20% of original principal may be withdrawn per year without penalty |
*Subject to Regulation D limitations. Ask us for details.
**Can only write up to three checks per month per Federal Regulations.
***Minimum balance requirement is $100.00 and subsequent deposits ($100 minimum each) are allowed. Not available on promotional rate CD’s.
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