Savings – Ontario Shores FCU

Savings – Basic Share Account

When you become a member of Ontario Shores FCU, you automatically have access to a Basic (Share) Savings Account. The term “share” defines your ownership role in the Credit Union. There is no minimum balance to maintain, except for your initial share deposit of $5.00. Funds can be deposited or withdrawn whenever you like!

To open an account, you will need:

A deposit of $5.00;
Two forms of identification; and
The ability to save money!

Money Market Accounts

If you want to earn higher dividends and are looking for a safe place to earn extra money, we have what you are looking for – Money Market Accounts. Our Money Market Account contains the following features:

Minimum balance of $2,500 – earns you more money than your share account
Minimum balance of $10,000 – earns you even more than before
Minimum balance of $25,000 – earns you the highest MMA rate we offer
No penalty charges for withdrawal
Quarterly statements when dividends are credited
Online access and eStatement delivery
Six transactions per month**

* * Regulation D requires that six (6) pre-authorized, automatic, or telephone transfers may be made from each account to another account or to a third party in any month. Fees may apply.

IRA Accounts

The “R” in IRA stands for “retirement”. The future is around the corner, now is the time to prepare for it. We offer Traditional, Roth and Education IRAs. We offer both fixed (certificate) and variable rates and dividends are credited quarterly. Our IRA professionals can answer your questions and help you establish your IRA account today.

Share Certificates

Our Share Certificates are a secure investment, available in different terms to suit your needs. Terms range from 6 months to 4 years, with a minimum balance of $1,000. Penalties for early withdrawal may apply.