Option 1 Credit Union | About Option 1

30-month term
$5000 minimum
Additional deposits allowed during term.

2.95% APY* Quick Saver CD

Make the most of your money with these great CD rates, available only to Option 1 members! Call or visit any Option 1 branch to open your Super Saver CD.
616.243.0125
517.319.1300
800.323.2129

*Minimum deposit to open and obtain Annual Percentage Yield (APY) is $5,000 for Super Saver CD and $500 for Quick Saver CD. Unlimited additional deposits of $1,000 or more allowed during the term on Super Saver CD with maximum balance of $100,000 allowed. Additional deposits are not allowed on Quick Saver CD. A penalty will be imposed for early withdrawal, which would reduce earnings. APY effective 8/1/08 and subject to change without notice. No brokered deposits allowed. Deposits insured to at least $100,000 by the National Credit Union Administration.

We're now offering an incredibly easy way for you to save. It's our brand new Spare Change debit card savings program. Activate Spare Change on your account and every time you use your Option 1 debit card, we'll round up your purchase to the next whole dollar and deposit the difference (your spare change) into a Spare Change Savings account for you.

EXAMPLE: You use your debit card to pay for $33.05 in gas. The $33.05 will deduct from your account as usual, but we will also deduct 95 cents from your checking account (at the end of the day) and transfer it to your Spare Change savings account. It's that simple.

We know you'll develop your own method for recording these transactions in your checkbook. One method we suggest is to jot the actual debit amounts in your register next to the payee/merchant names, but record the "rounded up" amounts as you subtract your debits from your balance. This will help you keep your checkbook balanced, and help you avoid overdrawing your account.

Bonus! Option 1 will match 50% of your deposits.
During your first 60 days in the Spare Change program, we'll pay you an extra bonus by matching 50% of your Spare Change deposits! And after that, we'll match 5% of your deposits. Match funds are paid to your Spare Change Savings every quarter.

4.06% APY* paid on Spare Change Savings
You'll immediately begin earning high dividends on all Spare Change balances. Before you know it, your spare change will become a healthy savings balance, giving you a nice cushion and some financial peace of mind.

Already have a checking account somewhere else?
No problem! Using our switch forms make moving your account to Option 1 a cinch! Use the forms and follow the simple steps to transfer your account to Option 1. After your account is opened, we can immediately activate Spare Change on your account. We know you will love it!

Start saving with Spare Change today.
To begin saving your spare change, simply stop by any Option 1 office or call us:
616.243.0125
517.319.1300
800.323.2129

*4.06% Annual Percentage Yield effective 11-01-07 and subject to change. To enroll in Spare Change, you must agree to receive e-Statements. Credit Union match deposits are paid quarterly. Match is reportable on IRS Form 1099. The annual match limit is $200. Other reasonable restrictions may apply.

Free Tax Prep Resources for Low-and-Moderate Income Filers begins January 15. Click here on the Just file it! logo to access all state and federal income tax forms to receive important refunds and credits for low-and-moderate income wage earners. This service is FREE.