Share & IRA Certificates
Our Certificates give you the best return for your money with flexible terms.
OTIS Share and IRA Certificates allow you to earn higher dividends on your funds than you would in a typical Savings Account. Open a Share Certificate with as little as $500, and have it mature on a date of your choice with various terms from 6 to 60 months. The longer the term that you select, the higher the rate that you will earn on your funds! Take your savings strategy to the next level today.
Please note: Withdrawing your funds before the duration of the pre-selected term will result in a penalty.
Share & IRA Fixed Rate Certificates
| Available Terms | Dividend Rate | Annual Percentage Yield | Minimum Required Balance |
|---|---|---|---|
| 6 Months | 3.93% | 4.00% | $500.00 |
| 12 Months | 4.41% | 4.50% | $500.00 |
| 24 Months | 3.93% | 4.00% | $500.00 |
| 36 Months | 3.59% | 3.65% | $500.00 |
| 48 Months | 3.69% | 3.75% | $500.00 |
| 60 Months | 3.78% | 3.85% | $500.00 |
There may be a substantial penalty for the early withdrawal of the principal of a Share or IRA Certificate.
Join Us & Experience the OTIS Advantage
If you live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County, you are eligible to become a member of OTIS FCU.
Immediate family members, regardless of geographic location, are also eligible for membership. We look forward to meeting you!