Certificate of Deposit Accounts
Our Certificate of Deposit (CD) accounts offer a secure way to grow your savings with a fixed rate over a set term. We help you plan ahead with predictable returns and options that fit your financial goals.
Certificate of Deposit (CD) Accounts
Ocean State Credit Union offers a variety of savings certificates to meet your financial needs.
- Easy to open and maintain.
- The minimum balance requirement CD’s up to 3 year term is $1,000.*
- The minimum balance requirement for a 4 year term and over is $5,000.**
- All Certificates are subject to penalties for early withdrawals or close-outs.
- All Certificates will renew as a new CD of the same type unless otherwise stated.
Certificate of Deposit Rates
| Account Type | Term | APY* | Interest Rate | Interest Paid | Minimum Deposit to earn APY |
|---|---|---|---|---|---|
| 1 Year CD* | 12 Months | 3.50% | 3.45498% | Quarterly | $1,000 |
| 18 Month CD* | 18 Months | 3.50% | 3.45498% | Quarterly | $1,000 |
| 2 Year CD* | 24 Months | 3.25% | 3.21113% | Quarterly | $1,000 |
| 3 Year CD* | 36 Months | 3.15% | 3.11346% | Quarterly | $1,000 |
| 4 Year CD** | 48 Months | 2.50% | 2.47180% | Monthly | $5,000 |
| 5 Year CD** | 60 Months | 2.50% | 2.47180% | Monthly | $5,000 |
Rates effective as of March 16, 2026
*APY = Annual Percentage Yield
A penalty may be imposed for early withdrawal.
Products in italics have a special rate.
Rates are subject to change at anytime without notice.
IRA Certificate of Deposit (CD) Accounts
Ocean State Credit Union offers a variety of savings certificates to meet your financial needs.
- Easy to open and maintain.
- Choose your term and earn a fixed rate of return.
- The minimum balance requirement for an IRA CD is only $500.
- Withdraw your Required Minimum Distribution each year without penalty from age 73.
- All Certificates are subject to penalties for early withdrawals or close-outs.
- All Certificates will renew as a new CD of the same type unless otherwise stated.
IRA Certificate of Deposit Rates
| Account Type | Term | APY* | Interest Rate | Interest Paid | Minimum Deposit to earn APY |
|---|---|---|---|---|---|
| 1 Year IRA * | 12 Months | 3.50% | 3.45498% | Quarterly | $500 |
| 18 Month IRA * | 18 Months | 3.50% | 3.45498% | Quarterly | $500 |
| 2 Year IRA * | 24 Months | 3.25% | 3.21113% | Quarterly | $500 |
| 3 Year IRA * | 36 Months | 3.15% | 3.11346% | Quarterly | $500 |
| 5 Year IRA ** | 60 Months | 2.50% | 2.47690% | Quarterly | $500 |
Rates effective as of March 16, 2026
*APY = Annual Percentage Yield
A penalty may be imposed for early withdrawal.
Products in italics have a special rate.
Rates are subject to change at anytime without notice.
How Your Funds are Federally Insured
The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government. The NCUSIF insures member savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All federal credit unions and the vast majority of state-chartered credit unions are covered by NCUSIF insurance protection. Click here to learn more about how your accounts are federally insured.