No minimum balance or deposit necessary.
Earn 5.25% annual percentage yield (APY)1 on the first $500 in the account.
Continue to earn competitive rates as your balance grows.
Only one account per primary membership.
Rewarding our members with direct deposits automatically sent to your account up to three days early.²
Ignite Savings rates
|Tiers||Interest rate||APY range|
|$0.00 - $500||5.13%||5.25%|
|$500.01 - $2,500||2.96%||5.25% - 3.45%|
|$2,500.01 - $5,000||1.00%||3.45% - 2.23%|
|$5,000.01 - $25,000||0.50%||2.23% - 0.85%|
|$25,000.01 or more||0.15%||0.85% - 0.15%|
Ignite Savings calculator
1Ignite Savings account annual percentage yield (APY) and rate may change. Fees could reduce earnings. 5.25% APY on balances up to $500, 5.25%-3.45% APY on balances $500.01-$2,500, 3.45%-2.23% APY on balances $2,500.01-$5,000, 2.23%-0.85% APY on balances $5,000.01-$25,000, and 0.85%-0.15% APY on balances of more than $25,000.01. First-year earnings are based on a 12-month average. APY effective 6/01/2022 and subject to change.
² Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. OCCU may, but shall not be required to under any circumstances, make these funds available on the day the payment file is received, which may be up to three (3) days earlier than the scheduled payment date. OCCU does not assume any liability for not depositing these funds to your account early. OCCU may terminate early access at any time without notice.