Our savings account makes you money by earning competitive dividends while allowing you to access your money whenever you want.
Because everyone needs a way to save money and get a return, Oklahoma Central offers the convenience of many different account types. Use the chart below to find what will work best for you.
Guaranteed Return
Liquidity of Funds
High
Medium
Varies
Low
Penalty for Withdrawal
6 FREE/Month
6 FREE/Month
Terms of Investment
None
None
Months - Years depending on the certificate
To age 59 1/2 (or retirement)
NCUA Insured up to $250,000
ESI Insured for an Additional $250,000
Advantages
Instant access to funds.
Better interest rate than traditional savings account; funds fairly accessible.
Best return of all guaranteed investments; offers numerous choices for term of investment.
Depending on type of IRA, either contributions or withdrawals are tax exempt.
Drawbacks
Low interest rate.
Must maintain balance of $2,000 to avoid service charge.
Requires minimum investment deposit; ties up funds for term of certificate; penalty for early withdrawal.
Can tie up funds for long period; penalty for early withdrawal.
Savings Account
Guaranteed Return
Liquidity of Funds
High
Penalty for Withdrawal
6 FREE/Month
Terms of Investment
None
NCUA Insured up to $250,000
ESI Insured for an Additional $250,000
Advantages
Instant access to funds.
Drawbacks
Low interest rate.
Ready to open an account?
Guaranteed Return
Liquidity of Funds
Medium
Penalty for Withdrawal
6 FREE/Month
Terms of Investment
None
NCUA Insured up to $250,000
ESI Insured for an Additional $250,000
Advantages
Better interest rate than traditional savings account; funds fairly accessible.
Drawbacks
Must maintain balance of $2,000 to avoid service charge.
Ready to open an account?
Guaranteed Return
Liquidity of Funds
Varies
Penalty for Withdrawal
Terms of Investment
Months - Years depending on the certificate
NCUA Insured up to $250,000
ESI Insured for an Additional $250,000
Advantages
Best return of all guaranteed investments; offers numerous choices for term of investment.
Drawbacks
Requires minimum investment deposit; ties up funds for term of certificate; penalty for early withdrawal.
Ready to open an account?
Guaranteed Return
Liquidity of Funds
Low
Penalty for Withdrawal
Terms of Investment
To age 59 1/2 (or retirement)
NCUA Insured up to $250,000
ESI Insured for an Additional $250,000
Advantages
Depending on type of IRA, either contributions or withdrawals are tax exempt.
Drawbacks
Can tie up funds for long period; penalty for early withdrawal.
Ready to open an account?
Visit any branch to open an IRA
The Money Market Account allows you to earn a higher rate of interest with access to your funds at any time without a penalty. It requires a higher opening balance, however; deposits may be made at any time.
Term
Rate
$2,000 - $29,999.99
1.50% APY*
$30,000 - $49,999.99
1.55% APY*
$50,000 - above
1.65% APY*
$2,000 - $29,999.99
Rate
1.50% APY*
$30,000 - $49,999.99
Rate
1.55% APY*
$50,000 - above
Rate
1.65% APY*
The Elevate Money Market Account gives you easy access to your funds, while you earn competitive rates! Your money works harder as your balance grows.
Min Balance
Max Balance
APY1
-
$49,999.99
1.50%
$50,000.00
$99,999.99
2.00%
$100,000.00
$249,999.99
2.50%
$250,000.00
$499,999.99
3.50%
$500,000.00
$2,499,999.99
5.00%
$2,500,000.00
Above
0.00%
-
Max Balance
$49,999.99
APY1
1.50%
$50,000.00
Max Balance
$99,999.99
APY1
2.00%
$100,000.00
Max Balance
$249,999.99
APY1
2.50%
$250,000.00
Max Balance
$499,999.99
APY1
3.50%
$500,000.00
Max Balance
$2,499,999.99
APY1
5.00%
$2,500,000.00
Max Balance
Above
APY1
0.00%
The Investor Money Market Account allows you to earn a higher rate of interest with access to your funds at any time without a penalty. It requires a high opening balance, however; deposits may be made at any time.
To open a Money Market Account, stop by any branch location.
*APY - Annual Percentage Yield effective 10/01/26. Dividend rate may change after account open. Stated rates subject to change. Dividends are compounded monthly. $2,000.00 minimum balance to open Money Market account and earn APY. $50,000.00 minimum balance to open Investor Money Market account and earn APY. Elevate Money Market is $25 minimum balance to open with interest paid on balances between $0 and $2,499,999.99. Fees could reduce the earnings on the account. Membership conditions may apply.
1APY - Annual Percentage Yield effective 10/01/26. Dividend rate may change after account open. Stated rates subject to change. Dividends are compounded monthly. $25.00 minimum balance to open Elevate Money Market account. APY earned based on the following tiers: 1.50% APY earned on balances from $0.00 to 49,999.99; 2.00% APY earned on balances from $50,000.00 to 99,999.99; 2.50% APY earned on balances from $100,000.00 to 249,999.99; 3.50% APY earned on balances from $250,000.00 to 499,999.99; 5.00% APY earned on balances from $500,000.00 to 2,499,999.99; 0.00% APY earned on balances over $2,500,000.00. Fees could reduce the earnings on the account. Membership conditions may apply.
Checking and savings accounts are what we use to spend and manage our money, but neither does much to make your money grow. Consider a certificate account if you have at least $1,000 or more that you won’t need for a set amount of time. A certificate is a great way to earn a better-guaranteed return on your money.
Term
Rate
6-month certificate
3.40% APY*
12-month certificate
3.50% APY*
18-month certificate
3.55% APY*
24-month certificate
3.75% APY*
36-month certificate
3.75% APY*
48-month certificate
3.65% APY*
60-month certificate
3.65% APY*
6-month certificate
Rate
3.40% APY*
12-month certificate
Rate
3.50% APY*
18-month certificate
Rate
3.55% APY*
24-month certificate
Rate
3.75% APY*
36-month certificate
Rate
3.75% APY*
48-month certificate
Rate
3.65% APY*
60-month certificate
Rate
3.65% APY*
To open a Certificate Account, stop by any branch location
GET STARTED COMPARE SAVINGS ACCOUNTS
*APY - Annual Percentage Yield effective 10/30/2026 and is in effect for the initial term of the Certificate. Dividends are compounded monthly, from day of deposit to the day of maturity or withdrawal. $1,000.00 minimum balance to open certificate account and earn APY. Accounts will automatically renew to a Certificate account at the same term as your Promotional Certificate term. However, 3-Month, 5-Month, 10-Month, 15-Month, 20-Month, 25-Month, and 30-Month Promotional Certificates will renew to a Certificate account at the next higher term than your current Promotional Certificate term. Penalties may be imposed for early withdrawal. APY assumes dividends remain in the Certificate until maturity. Membership conditions may apply.
An Individual Retirement Account (IRA), like the name suggests, is a savings account that comes with tax advantages and is designed specifically to save for retirement.
A Traditional IRA is used to supplement your retirement needs. This plan offers tax-deferred earnings and the possibility for tax-deductible contributions. A non-working spouse may contribute as long as they are filing jointly with a spouse who has earned income equal to or more than the contribution. The owner must have earned income for the year that the contribution is being made. All Traditional IRAs have a savings account attached to them.
LEARN MORE ABOUT TRADITIONAL IRA
A Roth IRA is a savings plan used to supplement your retirement needs. Contributions are not tax-deductible. However, earnings can be withdrawn tax-free as long as they conform to the plan provisions. All Roth IRAs have a savings account attached to them.
A Coverdell Education Savings Account is a type of tax-advantaged savings plan that was created for the sole purpose of helping to pay for a child's education expenses. Contributions are not tax-deductible. However, earnings can be withdrawn tax-free as long as it is used for the education of a child.
LEARN MORE ABOUT COVERDELL ESA
To open an IRA, stop by any branch location.
Traditional IRAs - *Annual Percentage Yields (APY) are effective as of 10/01/26 and are as follows: Under $200 – 0.00% APY, $200.00 - $19,999.99 – 0.40% APY, $20,000.00 - $39,999.99 – 0.50% APY, and $40,000.00 and over – 0.65% APY.
Roth IRAs - *Annual Percentage Yields (APY) are effective as of 10/01/26 and are as follows: Under $200 – 0.00% APY, $200.00 - $19,999.99 – 0.40% APY, $20,000.00 – $39,999.99 – 0.50% APY and $40,000.00 and over –0.65% APY.
Coverdell ESAs - *Coverdell Annual Percentage Yields (APY) are effective as of 10/01/26 and are as follows: $250 and over – 0.40% APY.
Are you prepared for retirement? This program will help you plan today for the life you want in retirement. Explore important financial planning topics like investment strategies, estate planning, and social security so you can have a comfortable retirement.
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