OSWEGO, NY, February 1, 2024– Oswego County Federal Credit Union (OCFCU) has announced members can take advantage of higher Annual Percentage Rates (APR)* and Annual Percentage Yield (APY)* on Money Market Accounts, effective February 1, 2024. Designed to offer members a path to earn dividends at a higher rate with higher balances, these accounts enable members to maximize savings while maintaining the flexibility to access funds, offering a competitive advantage of holding a membership with Oswego County Federal Credit Union.
Key Features of OCFCU’s Money Market Accounts:
- Earn up to 3.91% Annual Percentage Yield (APY) and 3.85% Annual Percentage Rate (APR) on deposits. Please note the below chart for all of the new rates and associated shared balances.
- A minimum deposit of $2,500 is required to open an account.
Bill Carhart, CEO of Oswego County Federal Credit Union, shared, “Our commitment to our members remains unwavering. We understand the importance of financial flexibility and growth, and that’s why we are thrilled to offer higher rates on our Money Market Accounts. We believe this will empower our members to achieve their financial goals more efficiently.”
| Share Balance | Annual Percentage Rate (APR) | Annual Percentage Yield (APY) |
| $2,500.00 – $9,999.99 | 1.00% | 1.00% |
| $10,000.00 – $24,999.99 | 1.15% | 1.16% |
| $25,000.00 – $49,999.99 | 1.25% | 1.26% |
| $50,000.00 – $99,999.99 | 1.35% | 1.36% |
| $100,000.00 – $249,999.99 | 3.75% | 3.80% |
| $250,000.00 or greater | 3.85% | 3.91% |
To learn more about OCFCU’s Money Market Accounts or to open an account, please contact the credit union here: www.oswegofcu.org/contact.
*APR is Annual Percentage Rate. APY is Annual Percentage Yield. Rates effective as of 02/01/2024 and subject to change at any time.
About Oswego County Federal Credit Union:
Oswego County Federal Credit Union (OCFCU) is a member-owned, not-for-profit financial cooperative association founded in 1975. Committed to providing quality financial products and services, OCFCU currently serves the financial needs of over 13,000 members throughout Oswego County.
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