Savings Accounts
Open a savings account
Savings Account
No matter what you’re saving for, a new home, a new addition, or an emergency fund, an OE Federal’s Savings Account has you covered. There’s always something worth saving for and we’re here to help.
- Deposit $5 to open – No minimum balance
- Up to 6 free withdrawals per month
- Online, Mobile, & Text Banking
- 60,000+ fee-free ATMs nationwide
- Direct Deposit
- Automatic Transfers
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Savings
MINIMUM INITIAL DEPOSIT: $5
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $5 | 0.03% | Monthly |
| $100 | 0.03% | Monthly |
| $5,000 | 0.04% | Monthly |
| $20,000 | 0.05% | Monthly |
| $50,000 | 0.07% | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of January 5, 2021.
Savings Accounts Fees
| Withdrawal in excess of 3 per month | $3.00 |
| Re-open Closed Account | $10.00 |
| Monthly Maintenance (non-member) | $4.00 |
Savings Calculator
“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb (edited)
Frequently Asked Questions
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What is the minimum amount needed to open a Savings Account?
$5.00 minimum deposit
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If I exceed my 6 free withdrawals per month, is there a fee?
Yes, there is a $3.00 withdrawal fee after you have used the 6 free withdrawals per month.
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How do you set up direct deposit?
Speak with your employer to have your paycheck directly deposited to OE Federal.
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How do you set up automatic transfers?
Automatic transfers can be set up through your Online Banking Account under Transfers then Make a Transfer. You can set up a one-time transfer or reoccurring transfers. If you need help setting up an automatic transfer, contact us at 800.877.4444.
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Can I use my Savings Account as Overdraft Protection?
Yes
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Can I have more than one Savings Account?
Yes
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Can I get a debit or ATM card with my Savings Account?
No, you must have a Checking Account to get a debit card.