Choosing the right place to park your hard-earned money is about more than just finding a vault; it’s about finding a partner that reinvests in your financial success. If you are living or working in Broken Arrow, Oklahoma Central Credit Union (OCCU) offers a suite of savings tools designed to outpace traditional banks while keeping your money right here in the community.
Here is a look at how you can maximize your earnings and secure your future with Oklahoma Central Credit Union.
Why Choose Oklahoma Central Over Traditional Banks?
When you bank with a credit union like Oklahoma Central Credit Union, you aren’t just a customer; you’re a member-owner. Because we are a not-for-profit financial cooperative, our "profits" are returned to you in the form of higher interest rates on savings and lower fees on services.
While big-box banks focus on shareholder returns, our Broken Arrow South team focuses on your personal financial milestones.
High-Yield Money Market Accounts: Flexibility Meets Growth
If you want your money to work harder without locking it away, our Money Market Accounts are the ideal middle ground. These accounts typically offer significantly higher interest rates than a standard savings account, yet they provide the liquidity you need.
- Access: Use a debit card or write checks directly from the account.
- Earnings: Tiered interest rates mean the more you save, the more you earn.
- Security: Your funds remain NCUA-insured, giving you peace of mind alongside high performance.
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Guaranteed Returns with Certificates (CDs)
For those with specific savings goals like a down payment on a house or a new car, our Certificates of Deposit (CDs) offer a predictable, guaranteed path to growth. By committing your funds for a set term (ranging from a few months to several years), you lock in a fixed rate that won’t budge, even if the market fluctuates. This is the safest way to ensure your savings grow exactly as planned.
Specialized Savings for Every Stage
We believe savings should be purposeful. Oklahoma Central Credit Union offers targeted accounts to help you organize your life:
- Club Accounts: Separate your holiday spending or vacation fund from your everyday cash.
- Youth Accounts: It’s never too early to start. We help Broken Arrow parents teach their children the value of a dollar with accessible, educational savings tools.
- Traditional Savings: The foundational "Share Account" that establishes your membership and keeps your emergency fund within reach.
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Secure Your Legacy with an IRA
Retirement planning shouldn't be intimidating. At Oklahoma Central Credit Union, we offer Individual Retirement Accounts (IRAs) that provide tax-advantaged ways to save for the long haul. Whether you prefer the immediate tax deduction of a Traditional IRA or the tax-free withdrawals of a Roth IRA, our local experts can help you navigate the options right here in Broken Arrow.
Frequently Asked Questions
Why are Oklahoma Central Credit Union’s rates often better than local banks'? As a member-owned credit union, we don't pay outside stockholders. Those savings are passed directly to you through better rates and fewer "hidden" fees.
Is my money safe at a credit union? Yes. Just as the FDIC insures banks, the National Credit Union Administration (NCUA) insures your deposits at Oklahoma Central Credit Union up to $250,000.
Can I manage my savings on the go? Absolutely. Our mobile banking app allows you to monitor your growth, transfer funds, and deposit checks from anywhere in Broken Arrow or beyond.
Take the Next Step Toward Financial Freedom
Don’t let your money sit idle in a low-interest account. Experience the difference of a financial institution that puts your interests first. Whether you’re looking for the high-yield growth of a Money Market or the steady climb of a CD, the path to a better financial future starts here.
Visit our Broken Arrow South branch today to speak with a member advocate, or open your account online in minutes!
Image credit: // Shutterstock // iHumnoi
