Savings Rates
Savings Rates
With our Savings Accounts, OE Federal makes it easy for you to save. Have a short-term savings goal? We’ve got options for just that. Thinking more long-term? We’ve got accounts for that too. Check out our Savings Rates to discover the right account for you.
- Traditional Savings
- Youth Savings
- IRA
- Money Markets
- Share Certificates
Savings
MINIMUM INITIAL DEPOSIT: $5
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $5 | 0.030% | Monthly |
| $100 | 0.030% | Monthly |
| $5,000 | 0.040% | Monthly |
| $20,000 | 0.050% | Monthly |
| $50,000 | 0.070% | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Certificates*
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT TYPE | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1,000 MINIMUM | ||
| 12 Month Tax Deferred Certificates | 4.001% | At maturity |
| $1,000 MINIMUM | ||
| 3 Month | 4.125% | Monthly |
| 6 Month | 4.125% | Monthly |
| 12 Month | 4.001% | Monthly |
| 18 Month | 3.250% | Monthly |
| 24 Month | 3.500% | Monthly |
| 36 Month | 3.250% | Monthly |
| 48 Month | 3.000% | Monthly |
| 60 Month | 3.125% | Monthly |
*A penalty will be assessed for early withdrawal. If you make a withdrawal from your certificate before the maturity date, a penalty will be charged on the amount of the withdrawal based on the original term of the certificate. These penalties are outlined below:
3 to 5 months: 30 days of dividends
6 to 11 months: 60 days of dividends
12 to 23 months: 90 days of dividends
24 to 47 months: 150 days of dividends
48 + months: 180 days of dividends
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Ira Share Accounts
MINIMUM INITIAL DEPOSIT: $100
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 MINIMUM | ||
| $100 | 0.080% | Monthly |
| $5,000 | 0.090% | Monthly |
| $20,000 | 0.100% | Monthly |
| $50,000 | 0.120% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
IRA Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1,000 MINIMUM | ||
| 3 Month | 4.125% | Monthly |
| 6 Month | 4.125% | Monthly |
| 12 Month | 4.001% | Monthly |
| 18 Month | 3.250% | Monthly |
| 24 Month | 3.500% | Monthly |
| 36 Month | 3.250% | Monthly |
| 48 Month | 3.000% | Monthly |
| 60 Month | 3.125% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Coverdell Educational Share Accounts
MINIMUM INITIAL DEPOSIT: $50
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 | 0.080% | Monthly |
| $5,000 | 0.090% | Monthly |
| $20,000 | 0.100% | Monthly |
| $50,000 | 0.120% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Coverdell Educational Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1000 MINIMUM | ||
| 3 Month | 4.125% | Monthly |
| 6 Month | 4.125% | Monthly |
| 12 Month | 4.001% | Monthly |
| 18 Month | 3.250% | Monthly |
| 24 Month | 3.500% | Monthly |
| 36 Month | 3.250% | Monthly |
| 48 Month | 3.000% | Monthly |
| 60 Month | 3.125% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Money Market
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT TYPE | STANDARD ACCOUNTS (APY) | MINIMUM TO EARN DIVIDEND | COMPOUNDING PERIOD |
| Money Market | 0.600% | $1,000 | Monthly |
| 0.650% | $10,000 | Monthly | |
| 0.650% | $25,000 | Monthly | |
| 0.700% | $50,000 | Monthly | |
| 0.750% | $100,000 | Monthly | |
| 0.800% | $250,000 | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Related Products and Services
Compare Savings Accounts
Learn MoreSavings Accounts
Learn MoreYouth Savings
Learn MoreIRA
Learn MoreMoney Market Accounts
Learn MoreShare Certificates
Learn MoreSavings
MINIMUM INITIAL DEPOSIT: $5
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $5 | 0.030% | Monthly |
| $100 | 0.030% | Monthly |
| $5,000 | 0.040% | Monthly |
| $20,000 | 0.050% | Monthly |
| $50,000 | 0.070% | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Certificates*
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT TYPE | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1,000 MINIMUM | ||
| 12 Month Tax Deferred Certificates | 4.001% | At maturity |
| $1,000 MINIMUM | ||
| 3 Month | 4.125% | Monthly |
| 6 Month | 4.125% | Monthly |
| 12 Month | 4.001% | Monthly |
| 18 Month | 3.250% | Monthly |
| 24 Month | 3.500% | Monthly |
| 36 Month | 3.250% | Monthly |
| 48 Month | 3.000% | Monthly |
| 60 Month | 3.125% | Monthly |
*A penalty will be assessed for early withdrawal. If you make a withdrawal from your certificate before the maturity date, a penalty will be charged on the amount of the withdrawal based on the original term of the certificate. These penalties are outlined below:
3 to 5 months: 30 days of dividends
6 to 11 months: 60 days of dividends
12 to 23 months: 90 days of dividends
24 to 47 months: 150 days of dividends
48 + months: 180 days of dividends
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Ira Share Accounts
MINIMUM INITIAL DEPOSIT: $100
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 MINIMUM | ||
| $100 | 0.080% | Monthly |
| $5,000 | 0.090% | Monthly |
| $20,000 | 0.100% | Monthly |
| $50,000 | 0.120% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
IRA Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1,000 MINIMUM | ||
| 3 Month | 4.125% | Monthly |
| 6 Month | 4.125% | Monthly |
| 12 Month | 4.001% | Monthly |
| 18 Month | 3.250% | Monthly |
| 24 Month | 3.500% | Monthly |
| 36 Month | 3.250% | Monthly |
| 48 Month | 3.000% | Monthly |
| 60 Month | 3.125% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Coverdell Educational Share Accounts
MINIMUM INITIAL DEPOSIT: $50
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 | 0.080% | Monthly |
| $5,000 | 0.090% | Monthly |
| $20,000 | 0.100% | Monthly |
| $50,000 | 0.120% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Coverdell Educational Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1000 MINIMUM | ||
| 3 Month | 4.125% | Monthly |
| 6 Month | 4.125% | Monthly |
| 12 Month | 4.001% | Monthly |
| 18 Month | 3.250% | Monthly |
| 24 Month | 3.500% | Monthly |
| 36 Month | 3.250% | Monthly |
| 48 Month | 3.000% | Monthly |
| 60 Month | 3.125% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Money Market
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT TYPE | STANDARD ACCOUNTS (APY) | MINIMUM TO EARN DIVIDEND | COMPOUNDING PERIOD |
| Money Market | 0.600% | $1,000 | Monthly |
| 0.650% | $10,000 | Monthly | |
| 0.650% | $25,000 | Monthly | |
| 0.700% | $50,000 | Monthly | |
| 0.750% | $100,000 | Monthly | |
| 0.800% | $250,000 | Monthly |
All rates are subject to change without notice. For the most up-to-date rates, please call or text us 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 16, 2025.
Frequently Asked Questions
Check out our FAQs below for Savings, Youth Savings, IRA, Money Market, and Share Certificate Accounts.
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What type of Savings Accounts do you offer?
We offer a Savings, Youth Savings, IRA, Money Market, and Share Certificate. To find the right Savings Account for you visit our Savings Account Compare Page.
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What is the minimum deposit?
The minimum deposit for each Savings Account is listed on the rate tables on the rates tab. You can also visit our Savings Account Compare Page for more details.
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Are there any monthly fees?
None of our Savings Accounts have a monthly fee. There may be some fees associated with certain transaction. Please see our Schedule of Fees for more information.
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Do I have to have any other accounts to open a Savings Account?
No.
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Can I use my Savings Account for Overdraft Protection?
Yes.
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Can I have more than one Traditional Savings Account?
Yes. We encourage you to open an additional Savings Account for things like an emergency fund or holiday savings.
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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.
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How do you set up direct deposit on a Savings Account?
Contact us at 800.877.4444 to get a direct deposit form that you can give to your employer.
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How do you set up automatic transfers on a Savings Account?
Both automatic and one-time transfers can be set up through Online Banking. If you need help setting up a transfer, visit our how-to video library or contact us at 800.877.4444.
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How old do you have to be to open a Youth Savings Account?
Youth Savings Accounts can be opened for kids ages 0-17. Our Traditional Savings Account is for adults 18 and older.
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What happens to my teen’s Youth Savings Account when they turn 18?
On their 18th birthday, their Youth Savings Account is automatically converted to a Traditional Savings Account.
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Is the IRA Certificate Account a Traditional or Roth?
We offer both Traditional and Roth IRA Certificate accounts.
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What is the difference between a Traditional IRA and a Roth IRA?
With a Traditional IRA, you pay taxes on your withdrawals later and may begin making withdrawals at age 72. If you think your annual income and tax bracket will be lower in retirement, this type of IRA could be a good choice for you.
With a Roth IRA, you pay taxes on contributions now and generally allow you to make tax-free withdrawals after retirement at age 59 ½ or older. If you think your annual income and tax bracket will be higher in retirement, this type of IRA could be a good choice for you.
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What is the maximum contribution amount for an IRA?
The maximum annual contribution amount is $6,000 if you’re under age 50. The annual amount can change. Check irs.gov for the most current contribution limits.
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What is the minimum to earn dividends on an IRA?
The minimum to earn dividends on a Traditional and Roth IRA is $100.
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Are there withdrawal limits on a Money Market?
Yes, you may make 6 fee-free withdrawals per month. After that, a fee of $15 will apply to each withdrawal.
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Can I use a Money Market Account for overdraft protection?
Yes, but any Overdraft Protection transfers count towards your 6 fee-free monthly withdrawals.
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Does a Money Market have time limits or terms?
No, you can keep your Money Market Account open for as little or as long as you’d like.
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Can I overdraw a Money Market account?
Yes, it is possible to overdraw your Money Market Account.
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Can I add money to a Money Market after opening?
Yes, you may add additional funds to your Money Market Account at any time.
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What is the maximum amount I can have in a Money Market Account?
There is no maximum amount.
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Can I pay my OE Federal loan with a Money Market Account?
No, you cannot transfer money from your Money Market Account to your OE Federal loan.
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Is there a penalty for an early withdrawal from a Share Certificate?
Yes, if you make a withdrawal from your certificate before the maturity date (end date), a penalty will be charged. The penalty is based on the amount of the withdrawal and the term.
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Is there a withdrawal period when the term is over for a Share Certificate?
There is a 10-business day withdrawal period from the date of maturity.
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What happens if I don’t withdraw the money from my Share Certificate during the withdrawal period?
All Certificates automatically roll into a 12-Month Share Certificate at the current Annual Percentage Yield (APY)– unless otherwise disclosed.