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Deposit Accounts

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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 $1 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

Checking Accounts

Your checking account shouldn’t come at a cost. At OE Federal, we offer benefits such as zero monthly fees and 60,000+ fee-free ATMs. Your credit union should work with you, not against you. Start enjoying painless money management with an OE Federal Checking Account.

  • Deposit $20 to Open - No Minimum Balance
  • No Monthly Fee
  • Direct Deposit
  • Online, Mobile & Text Banking
  • Mobile Deposit
  • 60,000+ Fee-free ATMs

Share Certificates

If you're looking for higher interest rates and peace of mind, a Share Certificate is the way to go. By agreeing to let your money sit for a certain period of time, you’ll earn more money than a savings account without the risk that comes with stock investments.

  • Minimum deposit of $1,000
  • Terms as short as 3 months, up to 5 years
  • Avoid penalties by completing your term
  • The longer it sits, the bigger the reward
  • Can be used as collateral for a loan

Money Market Accounts

If you’re looking for a higher rate account to store a lump sum of money, but aren’t sure you want to lock it away for several months or years, a Money Market Account is a good choice for you. At OE Federal, you’ll receive a higher dividend rate than your typical savings account but still have access to your money whenever you need.

  • $1,000 Minimum Deposit
  • Earns More Than a Savings
  • Up to 6 Free Withdrawals Per Month
  • Great for an Emergency Fund
  • Earns Compound Interest Monthly
  • No Monthly Fee

IRA

OE Federal’s Individual Retirement Accounts (IRA) make it easy to start saving some of your hard-earned cash for when you’re ready to retire. Whether you open a Traditional IRA or a Roth IRA, you will be ready to hang up your hardhat and enjoy your golden years when the time comes.

  • Start with as little as $100
  • Choose between tax-deferred or tax-free earnings
  • Compounded monthly
  • Avoid penalties by withdrawing at retirement
  • Easy way to invest in your future

Youth Savings

Youth Accounts not only encourage the development of savings habits, they also promote financial education for the entire family. So, start 'em young with a Youth Account that offers FUN educational resources and awesome gameboards where they get a chance to win!

  • Available for kids and teens up to 17
  • Deposit $5 to open – No minimum balance to maintain
  • No monthly service fees
  • Online, Mobile, & Text Banking
  • 24/7 parental access

Teen Checking

It’s never too early to form healthy money habits. With a Teen Checking Account, your teen can learn to control their money before hitting the real world on their own. With features like 24/7 parental access, your teen can practice saving and spending in a secure environment with your assistance.

  • Available for Teens 13-17
  • Deposit $20 to Open; No Minimum Balance
  • 24/7 Parental Access
  • No Monthly Fee
  • Online, Mobile & Text Banking
  • Mobile Deposit
  • 60,000+ Fee-free ATMs

Coverdell Educational Savings Account (ESA)

If you're looking to invest in your kid's education and future, a Coverdell ESA is the right place to start. This type of account offers tax-free growth and withdrawals when money is spent on education expenses. So, when the time comes, your student can focus on hitting the books and you can breathe easy knowing you already have a savings in place.

  • Start with as little as $50
  • Invest up to $2,000 per year
  • Great way to prepare for educational expenses
  • The longer it sits, the bigger the reward

Coverdell Educational Share Certificate

This account is perfect for setting aside money you know you'll need in the future for your kid's education. By agreeing to let your money sit for a certain period of time, you’ll earn more money than a savings account without the risk that comes with stock investments.

  • Minimum deposit of $1,000
  • Terms as short as 3 months, up to 5 years
  • Avoid penalties by completing your term
  • Perfect for socking away educational savings
  • The longer it sits, the bigger the reward

IRA Certificate

OE Federal’s Individual Retirement Account (IRA) Certificate makes it easy to start saving some of your hard-earned cash for when you’re ready to retire. By letting your money sit for a set amount of time, you’ll be ready to hang up your hardhat and enjoy your golden years when the time comes.

  • Start with as little as $100
  • Choose between tax-deferred or tax-free earnings
  • Compounded monthly
  • Avoid penalties by withdrawing at retirement
  • Easy way to invest in your future

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