Personal Savings Accounts
Share and Statement Savings
To become a member of Ocean State Credit Union and take advantage of the credit union’s services, you must open a Share Account with a maintained $5.00 balance.
Share Account
- Deposits can be made in person at any of our branch locations, by direct deposit or transfer funds from your other OSCU accounts via Online Banking & Mobile Banking.
- Dividends are compounded and paid quarterly. A minimum opening deposit of $5.00 required / $10.00 is required to earn the annual percentage yield (APY)*.
Statement Savings
- A balance of $5.00 is required to maintain the account and earn the annual percentage yield (APY)*.
- Interest compounded monthly and credited monthly
- ATM card(s) are available.
- Unlimited 24-hour access to your accounts at thousands of surcharge-free ATM machines that are part of the Accel®, Visa®, Plus®, and Credit Union Connection Networks (applicable fees may apply from the owner of the ATM).
- Deposits can be made in person at any of our branch locations, by direct deposit, or transfer funds from your other OSCU accounts via Online Banking & Mobile Banking Service, or via an ATM (if you have subscribed to this service).
Current Share and Statement Savings Account Rates
| Product | Term | APY* | Interest Rate | Interest Paid | Minimum Deposit to earn APY |
|---|---|---|---|---|---|
| Share Account | None | 0.15% | 0.14992% | Quarterly | $10.00 |
| Deposit Account | None | 0.10% | 0.09996% | Quarterly | $5.00 |
| Statement Savings | None | 0.15% | 0.14990% | Monthly | $5.00 |
| Club Accounts | 50 Weeks | One half week bonus | Yearly | $2.00 | |
| Mortgage Escrow | 0.15% | .15% | Yearly | As Required |
Rates effective as of March 16, 2026