Savings Products

  • A-
  • A+

 

For a limited time, earn 1.50% APY☨ on an 18-month Share Certificate.

 

Deposit Accounts | Savings

These Fees are Accurate as of: December 11, 2018

Subject Ownership Share Money Market Goal Saver
Opening Deposit Amount $5 $25 $50
Minimum Balance Requirement $5 $100 $0.01
Dividends Paid on Account Monthly on average daily balance of $101.01 and up Monthly on average daily balance of $100 and up Monthly on average daily balance of $.01 and up
Monthly Service Fee $5 monthly service fee if balance falls below $100 and account has no other Heritage Grove services $7 monthly service fee when average daily balance falls below $251 N/A
Limitations 6 overdraft transfers allowed per month 6 withdrawals allowed per month. $7 each additional withdrawal N/A

Ownership Share Type - The minimum balance required to obtain the advertised APY on an ownership share (savings) account is $101.01. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account.

Money Market - The minimum balance required to obtain the advertised APY on a money market account is $100. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account.

Goal Saver - The minimum balance required to obtain the advertised APY on the goal saver (savings) account is $0.01. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account.

 

Certificate Account and IRA

These Fees are Accurate as of: December 11, 2018

Subject Certificate Account IRA Certificate Account College Saver ESA
Terms Available 6 to 60 months 6 to 60 months 6 to 60 months
Rate Fixed rate based on term Fixed rate based on term Fixed rate based on term
Minimum Opening Deposit $1,000 for regular accounts $100 for youth accounts $1,000
Additional Deposits Allowed No No No
Early Withdrawal Penalties Yes Yes Yes
Other Traditional and Roth IRA plans available Deposit up to $2,000 annually, subject to IRS limits

The minimum balance required to obtain the advertised APY on a Share Certificate or IRA account is $1,000. Dividends are paid upon the share certificate or IRA maturity. Fees could reduce the earnings on any account. Early withdrawal penalty will apply.

 

Deposit Rates | Savings and Ownership Share Accounts

These Rates are Accurate as of: December 11, 2018

Share Type Rate APY*
Ownership Shares: Balances $100 or more 0.050% 0.050%
Goal Saver 0.050% 0.050%

The minimum balance required to obtain the advertised APY on an ownership share (savings) account is $101.01. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account.

 

Money Market Account Rates

These Rates are Accurate as of: December 11, 2018

Average Daily Balance Rate APY*
$100.00 - $999.99 0.050% 0.050%
$1,000 - $9,999.99 0.050% 0.050%
$10,000 - $24,999.99 0.150% 0.100%
$25,000 and above 0.150% 0.150%

The minimum balance required to obtain the advertised APY on a money market account is $100. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account.

 

Share Certificate and IRA Rates

These Rates are Accurate as of: December 11, 2018

Term of Certificate APY* Minimum Balance Required
6 Months 0.40% $1,000.00
12 Months 0.50% $1,000.00
24 Months 0.95% $1,000.00
36 Months 1.15% $1,000.00
48 Months 1.35% $1,000.00
60 Months 1.65% $1,000.00

The minimum balance required to obtain the advertised APY on a Share Certificate or IRA account is $1,000. Dividends are paid upon the share certificate or IRA maturity. Fees could reduce the earnings on any account. Early withdrawal penalty will apply.

 

Escrow Account Savings Rates
Share Type Rate APY*
Escrow Account 0.900% 0.900%
Dividends are paid monthly and calculated on average daily balance.

The minimum balance required to obtain the advertised APY on an escrow (savings) account is $0.01. Dividends are paid monthly and calculated on average daily balance. Fees could reduce the earnings on any account.

 

Ready to get started?

You can apply online at OurGroveCU.com, call us at 503-588-0211 or you can stop by the branch. We look forward to assisting you.

Apply Now

Not a member yet?

If you or a family member** live, work, attend school or worship in Marion, Polk or Yamhill counties, or if you have a relative who is already a member, we’ll be glad to sign you up so that you can enjoy the benefits of membership.

*APY=Annual Percentage Yield. The rates quoted above are accurate as of the date indicated and are subject to change without notice. Dividends are compounded and credited monthly based on the average daily balance in your account. If your average daily balance falls below the minimum for that dividend period, you will not earn any dividends during that period. Variable Share deposit rates may change after account is opened. Fees could reduce the earnings on any account.

**Family member is defined as a parent, grandparent, sibling, spouse or child.

☨APY = Annual Percentage Yield. The Share Certificate rate is 1.489%; APY is 1.50%. The minimum balance requirement to obtain the advertised APY on the Share Certificate special is $1,000. This Share Certificate special does not include IRA products. Dividends are paid upon the share certificate maturity. Fees could reduce the earnings on any account. Early withdrawal penalty will apply. Offer and rate subject to change without notice.

Download PDF

If you're not a member and you'd like to enjoy the Heritage Grove difference, we'd be happy to get you enrolled today. You can also enroll online.

Customer Identification Program Notice

Savings Products
Apply Now Rates Calculators
Online Banking