Savings Rates

Share & Statement Savings

Rates effective as of May 14, 2018

rates_savings_share table
ProductTermAPY*Interest RateInterest PaidMinimum Deposit to earn APY
Share AccountNone0.10%0.09996%Quarterly$5.00
Deposit AccountNone0.10%0.09996%Quarterly$5.00
Statement SavingsNone0.10%0.09995%Monthly$5.00
Club Accounts50 WeeksOne half week bonusYearly$2.00
Mortgage Escrow0.10%0.10000%YearlyAs Required

IRA Savings

Rates effective as of May 14, 2018

rates_savings_ira table
ProductTermAPY*Interest RateInterest PaidMinimum Opening Deposit
Traditional ShareNone0.10%0.09995%Monthly$5.00
RothNone0.10%0.09995%Monthly$5.00
EducationNone0.10%0.09995%Monthly$5.00

Certificate of Deposit

Rates effective as of May 23, 2018

rates_savings_cd table
Account TypeTermAPY*Interest RateInterest PaidMinimum Deposit to earn APY
1 Year CD*12 Months1.25%1.24418%Quarterly$1,000
18 Month CD*18 Months1.25%1.24418%Quarterly$1,000
2 Year CD*24 Months1.95%1.93590%Quarterly$1,000
3 Year CD*36 Months2.15%2.13288%Quarterly$1,000
4 Year CD**48 Months2.20%2.17812%Monthly$5,000
5 Year CD**60 Months2.50%2.47180%Monthly$5,000

IRA Certificate of Deposits

Rates effective as of May 23, 2018

rates_savings_iracd table
Account TypeTermAPY*Interest RateInterest PaidMinimum Deposit to earn APY
1 Year IRA *12 Months1.25%1.24418%Quarterly$500
18 Month IRA *18 Months1.25%1.24418%Quarterly$500
2 Year IRA *24 Months1.95%1.93590%Quarterly$500
3 Year IRA *36 Months2.15%2.13288%Quarterly$500
5 Year IRA **60 Months2.50%2.47690%Quarterly$500

Money Market Accounts

Rates effective as of May 14, 2018

rates_savings_mm table
Account TypeTermAPY*Interest RateInterest PaidMinimum Deposit to earn APY
Tier 1None0.40%0.39927%Monthly$2,500.00 - $24,999.99
Tier 2None0.40%0.39927%Monthly$25,000.00 - $49,999.99
Tier 3None0.40%0.39927%Monthly$50,000.00 - $74,999.99
Tier 4None0.40%0.39927%Monthly$75,000.00 & Over

Business Money Market Accounts

Rates effective as of May 14, 2018

rates_savings_businessmm table
Account TypeTermAPY*Interest RateInterest PaidMinimum Deposit to earn APY
Tier 1None0.10%0.09995%Monthly$2,500.00 - $24,999.99
Tier 2None0.20%0.19982%Monthly$25,000.00 - $49,999.99
Tier 3None0.30%0.29959%Monthly$50,000.00 - $199,999.99
Tier 4None0.40%0.39927%Monthly$200,000.00 & Over

APR is Annual Percentage Rate

APY is Annual Percentage Yield

* = Early Withdrawal Penalty of 3 Months Interest

** = Early Withdrawal Penalty of 6 Months Interest

***= Early Withdrawal Penalty of 3 Months Interest / This account will automatically close at maturity and be transferred to your Share Account

~ = All Certificates of Deposit & IRAs Will Renew As A New CD Of The Same Type.

Products In Italics Have A Special Rate.

Rates Are Subject To Change

Auto & Consumer Loan Rates

It is fast and easy to qualify....can start the Loan Application online now!

New Vehicle

Must Have Full Insurance Coverage.  Vendor's Single Interest (VSI) fee of $55.00 fee is required on all Vehicle Loans.

Rates effective as of May 14,2018

rates_auto_newvehicle table
MinimumTermRate (as low as)Notes
Up to 36 MonthsRefinance New 3.75% APR+10% Down Payment or GAP Coverage
Up to 60 monthsNew 3.50% APR Refinance 3.75% APR+10% Down Payment or GAP Coverage
$10,000 minimumUp to 72 monthsNew 4.75% APR15% Down Payment or GAP Coverage
$20,000 minimumUp to 84 monthsNew 5.25% APR15% Down Payment or GAP Coverage

Used Vehicle

Must Have Full Insurance Coverage.  Maximum Mileage = 90,000 miles.  Vendor's Single Interest (VSI) fee of $55.00 fee is required on all Vehicle Loans.

Rates effective as of May 14, 2018

rates_auto_usedvehicle table
Vehicle YearTermRate (as low as)Notes
Model Year 2015-201660 Months3.75% APR15% Down Payment or GAP Coverage
Model Year 2013-201448 Months3.99% APR15% Down Payment or GAP Coverage
Model Year 2011-201236 Months3.99% APR15% Down Payment or GAP Coverage
Model Year 2009-201024 Months3.99% APR15% Down Payment or GAP Coverage
Older Model Vehicle24 months7.99% APR15% Down Payment or GAP Coverage

Motorcycle 

Must Have Full Insurance Coverage.  Vendor's Single Interest (VSI) fee of $55.00 fee is required on all Motorcycle Loans.

Rates effective as of May 14, 2018

rates_auto_motorcyle table
Vehicle YearTermRate (as low as)Notes
New36 months4.25% APR15% Down Payment or GAP Coverage
New60 months4.75% APR15% Down Payment or GAP Coverage
Used36 months5.75% APR15% Down Payment or GAP Coverage

New RV's (includes Motor Homes and Travel Trailers)

Must Have Full Insurance Coverage.  Vendor's Single Interest (VSI) fee of $60.00 fee is required on all RV Loans.

Rates effective as of May 14, 2018

rates_auto_newrv table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 months9.00% APR20% Down Payment
$25,001 to $35,000120 months9.00% APR20% Down Payment
$35,001 to $50,000180 months9.00% APR20% Down Payment
$50,001 and Higher180 months9.00% APR20% Down Payment

Used RV's (includes Motor Homes and Travel Trailers)

Must Have Full Insurance Coverage. Vendor's Single Interest (VSI) fee of $60.00 fee is required on all RV Loans.

Rates effective as of May 14, 2018

rates_auto_usedrv table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 Months9.25% APR20% Down Payment
$25,001 to $35,000120 Months9.25% APR20% Down Payment
$35,001 to $50,000120 Months9.25% APR20% Down Payment
$50,001 and Higher120 Months9.25% APR20% Down Payment

New Boats

Larger Boats will require Marine Mortgage documents.  Vendor's Single Interest (VSI) fee of $60.00 fee is required on all Boat Loans.  *240 month term on Boats over $50,000 require a Balloon Payment.

Rates effective as of May 14, 2018

rates_auto_newboat table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 months5.25% APR20% Down Payment
$25,001 to $35,000120 months5.25% APR20% Down Payment
$35,001 to $50,000180 months5.25% APR20% Down Payment
$50,001 and Higher240 months*5.50% APR20% Down Payment

Used Boats

Larger Boats will require Marine Mortgage documents.  Vendor's Single Interest (VSI) fee of $60.00 fee is required on all Boat Loans. 

Rates effective as of May 14, 2018

rates_auto_usedboat table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 months5.25% APR20% Down Payment
$25,001 to $35,000120 months5.25% APR20% Down Payment
$35,001 to $50,000180 months5.25% APR20% Down Payment
$50,001 and Higher180 months5.25% APR20% Down Payment

DISCLOSURE: Ocean State Credit Union provides loan rates based on a risk rate schedule. The risk rate schedule carefully evaluates an applicant's credit history, debt to income ratio, assets, and job stability. Ocean State Credit Union is competitive in the market. Completing an application gives our loan officers the tools to provide you a rate that works for your financial needs.

APR = Annual Percentage Rate

+ Call For Vehicle Refinancing Rate (401) 397-1900 ext. 2101

GAP Coverage Available.  Some Restrictions Apply. Rates Are Subject to Change.

Consumer Loan Rates

It is fast and easy to qualify....can start the Loan Application online now!

Rates effective as of May 14, 2018

Home Equity Loans

rates_consumer_homeequity table
TermRates (as low as)Notes
60 months4.50% APR80% Maximum Loan to Value
120 months4.75% APR80% Maximum Loan to Value
180 months5.00% APR80% Maximum Loan to Value
240 months5.25% APR80% Maximum Loan to Value

OSCU Home Line Account

rates_consumer_homeline table
TermRates(as low as)
300 monthsPrime Rate Variable - 80% of Appraised Value

Home Equity PLUS Loans

rates_consumer_homeequity_plus table
TermRates (as low as)Notes
60 months6.50% APR100% Maximum Loan to Value
120 months6.75% APR100% Maximum Loan to Value
180 months7.00% APR100% Maximum Loan to Value
240 months7.25% APR100% Maximum Loan to Value

Home Improvement Loans (Secured)

rates_consumer_home_improvement_secured table
TermRates (as low as)Notes
60 months7.25% APR110% Maximum Loan to Value
120 months7.50% APR110% Maximum Loan to Value

Home Improvement Loans (Unsecured)

rates_consumer_home_improvement_unsecured table
TermRates (as low as)Notes
60 months7.75% APR110% Maximum Loan to Value
120 months8.00% APR110% Maximum Loan to Value

Overdraft Protection

rates_consumer_overdraft table
TermRates(as low as)
Open15.00% APR - $1,000.00 Maximum Advance in $50.00 Increments

Personal Loans

rates_consumer_loan table
TermRates (as low as)
Up to 60 months15.00% APR

Debt Consolidation Loans

rates_debt_consolidation table
TermRates (as low as)
36 to 60 Monthsas low as 15.00% APR

Pledged Installment

Term Based on Loan Amount

rates_consumer_pledgedinstallment table
Rate (as low as)TermMaximum Amounts / Terms Per Loan Policy
Savings Rate + 3.00% APRUp to 60 months*Balance of Deposits
CD Rate + 3.00% APRUp to 60 months*Balance of Deposits

DISCLOSURE: Ocean State Credit Union provides loan rates based on a risk rate schedule. The risk rate schedule carefully evaluates an applicant's credit history, debt to income ratio, assets, and job stability. Ocean State Credit Union is competitive in the market. Completing an application gives our loan officers the tools to provide you a rate that works for your financial needs.

APR = Annual Percentage Rate

Some Restrictions Apply. Rates Are Subject to Change.