Rates | Ocean Financial Federal Credit Union

Current Share Rates

Account Type

Dividend Rate

APY*

Account Type Regular Share Savings

Dividend Rate 0.10%

APY* 0.10%

Account Type Checking

Dividend Rate 0.00%

APY* 0.00%

Account Type Youth Savings ($5 - $1,000)

Dividend Rate 5.00%

APY* 5.13%

Account Type Youth Checking**

Dividend Rate 0.00%

APY* 0.00%

Account Type Escrow

Dividend Rate 0.10%

APY* 0.10%

Account Type IRA

Dividend Rate 0.25%

APY* 0.25%

Account Type Specialty Share Savings (Christmas/Vacation)

Dividend Rate 0.10%

APY* 0.10%

Account Type Super Saver ($5 - $999.99)***

Dividend Rate 0.60%

APY* 0.60%

Account Type Super Saver ($1,000 - $24,999.99)***

Dividend Rate 0.65%

APY* 0.65%

Account Type Super Saver ($25,000 - 49,999.99)***

Dividend Rate 0.70%

APY* 0.70%

Account Type Super Saver ($50,000 - $99,999.99)***

Dividend Rate 0.75%

APY* 0.75%

Account Type Super Saver ($100,000 - $299,999.99)***

Dividend Rate 0.80%

APY* 0.80%

Account Type Super Saver ($300,000+)***

Dividend Rate 0.90%

APY* 0.90%

*APY=Annual Percentage Yield. Rates effective as of 04/03/2023. All rates are subject to adjust without prior notice and may change after your account(s) is opened. $5 minimum deposit required for Share Accounts, except Super Saver and Certificates, where minimum to earn respective dividend per tier is noted above. Youth Savings available to members under the age of 21 years old and earns 5.00% APY up to $1,000 deposited, Regular Share Savings rate for balances thereafter; at 21, Youth Savings converts to a Regular Share Savings account. Charts assume that deposits remain in satisfactory standing for a full year. Penalty may apply for early withdrawals from Certificate accounts. Fees could reduce earnings on the account. **A share account with a $5 minimum balance is required before a checking account can be opened. Fees associated with insufficient funds will apply as necessary. Student Checking is not eligible for Overdraft Protection options until the primary account holder is 21 years old. Under 18 requires a parent/guardian be listed jointly for a debit card to be distributed. ***Withdrawals from a Super Saver account are limited to eight (8) per month. A fee will be charged after the eighth withdrawal within a single month. Please see our Fee Schedule for further information

Current Share Certificate Rates

Share Certificate Terms - $500 Minimum

Dividend Rate

APY*

Share Certificate Terms - $500 Minimum 6 Month Certificate

Dividend Rate 5.00%

APY* 5.11%

Share Certificate Terms - $500 Minimum 1 Year Certificate

Dividend Rate 4.00%

APY* 4.07%

Share Certificate Terms - $500 Minimum 2 Year Certificate

Dividend Rate 2.90%

APY* 2.94%

Share Certificate Terms - $500 Minimum 3 Year Certificate

Dividend Rate 3.00%

APY* 3.04%

Share Certificate Terms - $500 Minimum 4 Year Certificate

Dividend Rate 3.00%

APY* 3.04%

Share Certificate Terms - $500 Minimum 5 Year Certificate

Dividend Rate 3.00%

APY* 3.04%

*APY=Annual Percentage Yield. Rates effective as of 1/10/2024. Rates and terms are subject to change without notice. Offers may be for limited time only. Fees could reduce the earnings on the account. $5 minimum deposit required for Share Account prior to opening a Certificate. $500 minimum required to open a new Certificate. Penalty may apply for early withdrawals from Certificates. For more information, please speak with a Member Contact Representative at Ocean Financial.

Current Youth Share Certificate Rates

Youth Share Certificate Terms - $100 Minimum

Dividend Rate

APY*

Youth Share Certificate Terms - $100 Minimum 6 Month Youth Certificate

Dividend Rate 5.00%

APY* 5.11%

Youth Share Certificate Terms - $100 Minimum 1 Year Youth Certificate

Dividend Rate 4.00%

APY* 4.07%

Youth Share Certificate Terms - $100 Minimum 2 Year Youth Certificate

Dividend Rate 2.90%

APY* 2.94%

Youth Share Certificate Terms - $100 Minimum 3 Year Youth Certificate

Dividend Rate 3.00%

APY* 3.04%

Youth Share Certificate Terms - $100 Minimum 4 Year Youth Certificate

Dividend Rate 3.00%

APY* 3.04%

Youth Share Certificate Terms - $100 Minimum 5 Year Youth Certificate

Dividend Rate 3.00%

APY* 3.04%

*APY=Annual Percentage Yield. Rates effective as of 1/10/2024. Rates and terms are subject to change without notice. Fees could reduce the earnings on the account. $5 minimum deposit required for Share Account prior to opening a Certificate, $100 minimum deposit required to open Certificate. Penalty may apply for early withdrawals from Certificates. For more information, please speak with a Member Service Representative at Ocean Financial.

Current IRA Share Certificate Rates

IRA Share Certificate Terms - $500 Minimum

Dividend Rate

APY*

IRA Share Certificate Terms - $500 Minimum 6 Month IRA Certificate

Dividend Rate 5.00%

APY* 5.11%

IRA Share Certificate Terms - $500 Minimum 1 Year IRA Certificate

Dividend Rate 4.00%

APY* 4.07%

IRA Share Certificate Terms - $500 Minimum 2 Year IRA Certificate

Dividend Rate 2.90%

APY* 2.94%

IRA Share Certificate Terms - $500 Minimum 3 Year IRA Certificate

Dividend Rate 3.00%

APY* 3.04%

IRA Share Certificate Terms - $500 Minimum 4 Year IRA Certificate

Dividend Rate 3.00%

APY* 3.04%

IRA Share Certificate Terms - $500 Minimum 5 Year IRA Certificate

Dividend Rate 3.00%

APY* 3.04%

*APY=Annual Percentage Yield. Rates effective as of 1/10/2024. Rates and terms are subject to change without notice. Offers may be for limited time only. Fees could reduce the earnings on the account. $5 minimum deposit required for Share Account prior to opening a Certificate. $500 minimum balance to open a new Certificate. Penalty may apply for early withdrawals from Certificates. For more information, please speak with a Member Contact Representative at Ocean Financial.

Auto Loan Rates

Loan Type

Max. Term

APR as low as*

Loan Type Auto Loans (2024-2025)**

Max. Term 66 months

APR as low as* 6.34%

Loan Type Auto Loans (2021-2024)**

Max. Term 66 months

APR as low as* 6.59%

Loan Type

Max. Term 78 months

APR as low as* 6.74%

Loan Type

Max. Term 84 months

APR as low as* 7.44%

Loan Type

Max. Term 90 months***

APR as low as* 7.95%

Loan Type

Max. Term 96 months****

APR as low as* 8.24%

Loan Type Auto Loans (2017-2020)**

Max. Term 66 months

APR as low as* 6.99%

Loan Type

Max. Term 78 months

APR as low as* 7.29%

Loan Type

Max. Term 84 months

APR as low as* 7.99%

Loan Type Auto Loans (2014-2016)**

Max. Term 66 months

APR as low as* 7.99%

Loan Type

Max. Term 78 months

APR as low as* 8.79%

Loan Type Lease Buyouts (2021-2024)†

Max. Term 66 months

APR as low as* 6.59%

Loan Type Classic Cars (25 Model Years and Older)

Max. Term Up to 60 months

APR as low as* 6.99%

*APR=Annual Percentage Rate. All lending offers are subject to credit history review and approval. Applicants who are not approved for advertised rates may be offered credit at a different rate and/or term. **Rates and terms accurate as of 1/02/2024. Rates and terms subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at different rates and other terms. For new car terms of 66 months estimated monthly payment of 17.99 per 1000.00 borrowed. Minimum auto loan is $1,000. Payment is based on new car rate of 6.34%. Rate assumes LTV of 125% or less. Program subject to change without notice. Member conditions apply. 84-month used auto stipulations: Minimum loan amount is $20,000 and cannot be more than 4 years older than the current year. ***90 Month auto loan stipulations: Min loan amount $30,000- cannot be more than TWO years older than current year. 100% LTV Max. ****96 Month NEW auto loan stipulation: Min loan amount $30,000. †Rates and terms accurate as of 1/02/2024. Rates and terms subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at different rates and other terms. For lease buyout terms of 66 months estimated monthly payment of $17.99 per $1000 borrowed for 2021-2024 vehicles. Minimum auto loan is $1,000. Payment is based on rate of 6.59%. Lease Buyouts available for 2017-2020 vehicles with rates as low as 6.99%. 90-month used auto stipulations: Minimum loan amount $30,000 and cannot be more than 2 years older than current year. Rate assumes LTV of 115% or less. Program subject to change without notice. Member conditions apply. 84-month used auto stipulations: Minimum loan amount is $20,000 and cannot be more than 4 years older than the current year. Borrowing up to 115% loan-to value (LTV) is available at higher rates, based on creditworthiness.

Loan Rates

Loan Type

Max. Term

APR As Low As*

Loan Type Passbook‡

Max. Term 60 months

APR As Low As* 3.15%

Loan Type Personal†

Max. Term 66 months

APR As Low As* 9.99%

Loan Type Wedding Loan†

Max. Term 48 months

APR As Low As* 5.99%

Loan Type Boat and RV††

Max. Term Up to 60 months

APR As Low As* 5.99%

Loan Type Boat and RV††

Max. Term 61-120 months

APR As Low As* 6.49%

Loan Type Boat and RV††

Max. Term 121-180 months

APR As Low As* 6.99%

Loan Type Visa Introductory

Max. Term 6 months**

APR As Low As* 1.99%

Loan Type Visa Regular

Max. Term N/A

APR As Low As* 8.99%

Loan Type Overdraft Line of Credit***

Max. Term N/A

APR As Low As* 7.49%

Loan Type Catholic School Tuition Loan (max. loan amount - $7,000)†

Max. Term 36 months

APR As Low As* 6.25%

Loan Type Credit Builder Loan §

Max. Term 12 months

APR As Low As* 9.99%

‡ The Passbook loan rate is 3% above the account the applicant secures the funds with. For Passbook Loan terms of 60 months estimated monthly payment of $18.04 per $1,000 borrowed. *APR=Annual Percentage Rate. All lending offers are subject to credit history review and approval. Applicants who are not approved for advertised rates may be offered credit at a different rate and/or term. **APR accurate as of 3/20/2023 and is subject to change without notice. 1.99% Intro APR for is a promotional term for qualified applicants only. Some applicants may be offered credit at a higher APR and different terms. After six (6) statement cycles, Intro APR adjusts to Non-Variable APR, with a minimum of 9.49% and a maximum of 16.49%, based on your creditworthiness. Free Visa® Rewards are from UChoose Rewards®, free registration required to redeem points. Member conditions apply. Share Account with minimum $5 balance required. ***APR accurate as of 3/20/2023 and is subject to change without notice. Some applicants may be offered credit at a higher APR and different terms. Maximum line of credit amount is $2,500. †APR=Annual Percentage Rate. APR accurate as of 12/04/23 for qualified applicants only, and is subject to change without prior notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Advertised rates are the lowest available for this product. Not all applicants will be approved and some may be offered credit at different rates and terms, all subject to approval. For Personal Loan terms of 66 months estimated monthly payment of $21.25 per $1,000 borrowed. Minimum personal loan amount is $500. Payment is based on Personal Loan rate of 9.99%. For Wedding Loan terms of 48 months estimated monthly payment of $23.49 per $1,000 borrowed. For Catholic School Tuition Loan terms of 36 months estimated monthly payment of $30.54 per $1,000 borrowed. Membership conditions may apply. ††20% down payment required. For boats a survey is also required. For Boat & RV Loan terms of 60 months estimated monthly payment of $19.33 per $1,000 borrowed. §APR=Annual Percentage Rate. Rates and terms accurate as of 10/01/23 and are subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan rates featured are the lowest for the product advertised. Loan-to-value restrictions may apply. For Credit Builder Loan terms of 12 months estimated monthly payment of $87.91 per $1,000 borrowed. For Credit Builder Loan terms of 36 months estimated monthly payment of $30.54 per $1,000 borrowed. Payment is based on Credit Builder Loan rate of 9.99%. Membership conditions may apply.

Real Estate Loan Rates

Loan Type

Max. Term

APR As Low As*

Loan Type Fixed Home Equity

Max. Term 60 months

APR As Low As* 7.990%

Loan Type Fixed Home Equity

Max. Term 120 months

APR As Low As* 8.250%

Loan Type Fixed Home Equity

Max. Term 180 months

APR As Low As* 8.750%

Loan Type Fixed Home Equity

Max. Term 240 months

APR As Low As* 8.990%

Loan Type No Closing Cost Home Equity Line of Credit**

Max. Term 15 month intro

APR As Low As* 6.39%

Loan Type No Closing Cost Home Equity Line of Credit**

Max. Term Thereafter

APR As Low As* Prime is currently 8.50%

*APR=Annual Percentage Rate. Rates are effective as of 12/04/2023. Real estate loan rates are subject to change daily. All lending offers are subject to credit history review and approval. Applicants who are not approved for advertised rates may be offered credit at a higher rate and/or term. **APR=Annual Percentage Rate. Rates and terms accurate as of 4/01/2024 and are subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan rates featured are the lowest for the product advertised. Loan-to-value restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. No closing costs on new HELOCs between $50,000 and $250,000. Rates advertised are for primary residence. For Home Equity Lines up to $250,000 a minimum balance of at least $25,000 must remain open and be maintained for 36 months after the funding date of the Line of Credit to avoid payment of closing costs. Introductory Rate is not available to members who are currently paying Introductory Rate on an existing Ocean Financial Home Equity Line of Credit or if Ocean Financial paid the closing costs for a HELOC taken within the past three years. Borrower may obtain credit advances for 10 years. HELOC is a variable rate product with a maximum rate of 18.00% APR. After the introductory period, your APR will vary with the market based on the Prime Rate. Prime rate as of 07/31/23 = 8.50% APR as published in the Wall Street Journal. The floor APR is 3.00% plus your margin. For Home Equity Lines up to $250,000 a minimum balance of at least $25,000 must remain open and be maintained for 36 months after the funding date of the Line of Credit to avoid payment of closing costs.

Mortgage Loans

Description

Rate

APR*

Description 15 Year Fixed

Rate 7.000%

APR* 7.249%

Description 20 Year Fixed

Rate 7.125%

APR* 7.328%

Description 30 Year Fixed

Rate 7.125%

APR* 7.281%

Description 5YR/6MO Non-Convertible

Rate TBD upon request

APR*

*APR= Annual Percentage Rate. Rates are effective as of 4/25/24. All lending offers are subject to credit history review and approval. Applicants may be offered credit at a higher rate and/or term. Member conditions apply. Share savings account with minimum $5 balance required.