OTIS Federal Credit Union Savings & Money Market Rates

How OTIS Federal Credit Union’s savings rates compare

Compared with banks and credit unions in Maine, where OTIS Federal Credit Union has the most branches. $10,000, best rate first.

This credit union’s best
OTIS Federal Credit Union
2.50%APY
Minimum
$2,000
Earns on $10,000 a year
$250
Money Management Account
Top rate
Lighthouse Credit Union
3.85%APY
Minimum
—
Earns on $10,000 a year
$385
Lighthouse Credit Union rates
2nd-highest rate
Northeast Bank
3.50%APY
Minimum
$2,500
Earns on $10,000 a year
$350
Northeast Bank rates

Compare savings rates near you →

Savings score

Higher than 88% of U.S. banks and credit unions

By balance

$1,000 balance$1,0000.05%
$10,000 balance$10,0002.50%
$100,000 balance$100,0002.75%
QualifiedQualified2.50%

Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.

How the score works →

Where OTIS Federal Credit Union ranks

By savings score, in each area where it has branches

#11 of 73Maine1

Every rate

Current savings rates

Rates from the credit union’s website. Earnings assume the rate doesn’t change.

Money Management Account

2.50%APYMoney market$2,000 to open

Minimum opening balance of $2,000.00. Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge; excess withdrawals are charged $1.00 thereafter.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns	Requirement
Up to $2,000Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge; excess withdrawals charged $1.00 thereafter.	0.05%	—	Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge; excess withdrawals charged $1.00 thereafter.
$2,000 – $20,000Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge; excess withdrawals charged $1.00 thereafter.	2.50%	$250	Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge; excess withdrawals charged $1.00 thereafter.
Over $20,000Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge; excess withdrawals charged $1.00 thereafter.	2.75%	—	Withdrawals must be $500.00 or more and limited to 3 withdrawals per month at no charge; excess withdrawals charged $1.00 thereafter.

Sources (1)

otisfcu.coop/checking-savings/savings/money-management · captured Oct 3, 2026

Membership Share (Savings)

0.05%APY$25 to open

Eligibility: Live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County, ME, or immediate family members of eligible individuals/current members. Establishing membership establishes ownership share.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (2)

All captured Oct 3, 2026

Special-purpose accounts

Health Savings Account (HSA)

1.85%APYHSA

Medical savings account for qualified health care expenses on a pre-tax basis. Stop payment, NSF, ATM fees, replacement card fees, etc. may not be deducted from HSA and will be deducted from other accounts.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns	Requirement
Up to $2,000Tier 1 balance $0.00 to $1,999.99.	0.05%	—	Tier 1 balance $0.00 to $1,999.99.
$2,000 – $20,000Tier 2 balance $2,000.00 to $20,000.00.	1.85%	$185	Tier 2 balance $2,000.00 to $20,000.00.
Over $20,000Tier 3 balance $20,000.01 plus.	2.05%	—	Tier 3 balance $20,000.01 plus.

Sources (2)

All captured Oct 3, 2026

All-Purpose Club Account

0.05%APYClub

Dividend-paying club account for saving for vacations, home improvements, college expenses, or rainy days. Can fund via payroll deduction or direct deposit.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (1)

otisfcu.coop/checking-savings/savings/clubs · captured Oct 3, 2026

Bill Payer Club Account

0.05%APYClub

Club account designed to set money aside to pay monthly, quarterly, and annual bills.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (1)

otisfcu.coop/checking-savings/savings/clubs · captured Oct 3, 2026

Coindexter Club (Youth Savings)

0.05%APYKids and teens$5 to open

For children under 13 years of age (ages 0-12). Free membership in the Coindexter Club with account opening. Membership eligibility required.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (2)

All captured Oct 3, 2026

Coverdell Educational IRA Share

0.05%APYIRA$25 to open

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (1)

otisfcu.coop/checking-savings/savings/clubs · captured Oct 3, 2026

Holiday Club Account

0.05%APYClub

Withdrawals made from Holiday Club accounts more than seven (7) days after the account is opened and before the maturity date of October 18 are subject to a $5.00 penalty. Does not automatically renew.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceWithdrawals made more than 7 days after the account is opened and before the maturity date of October 18 are subject to a $5.00 penalty.Any balance	0.05%	$5	Withdrawals made more than 7 days after the account is opened and before the maturity date of October 18 are subject to a $5.00 penalty.

Sources (2)

All captured Oct 3, 2026

IRA Share

0.05%APYIRA$25 to open

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (1)

otisfcu.coop/checking-savings/savings/clubs · captured Oct 3, 2026

Roth IRA Share

0.05%APYIRA$25 to open

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (1)

otisfcu.coop/checking-savings/savings/clubs · captured Oct 3, 2026

Teen Flex (Teen Savings)

0.05%APYKids and teens$15 to open

For members 13 to 15 years old. Must be opened in person with a parent or guardian. Eligible for Deposit Perks milestone rewards.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Any balance	0.05%	$5

Sources (2)

All captured Oct 3, 2026

Who can join OTIS Federal Credit Union

This may be incomplete or out of date, so check with the credit union before you apply.

Where you live or work

Persons who live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County are eligible to join.

Family and household

Immediate family members, regardless of geographic location, are eligible for membership.

Cost to join

An initial deposit of $25.00 is required to open an account.

Membership information collected October 4, 2026.

Check membership requirements ↗Branches and institution details

← OTIS Federal Credit Union overview

How OTIS Federal Credit Union’s savings rates compare

OTIS Federal Credit Union savings score

Current savings rates

Money Management Account

Membership Share (Savings)

Special-purpose accounts

Health Savings Account (HSA)

All-Purpose Club Account

Bill Payer Club Account

Coindexter Club (Youth Savings)

Coverdell Educational IRA Share

Holiday Club Account

IRA Share

Roth IRA Share

Teen Flex (Teen Savings)

Who can join OTIS Federal Credit Union

Where you live or work

Family and household

Cost to join