Enjoy the perks of banking at Ocean Financial with our Lions products just for Molloy Students!
![Molloy Lion](https://oceanfinancial.wpenginepowered.com/wp-content/uploads/2024/03/image-1.jpg)
Lions Checking & Lions Savings!
- 6.00% on the first $2,000.
- Available to undergraduate, graduate and doctoral students
until graduation. - $5 minimum balance.
- Available to children of Faculty & Staff (until child is 21 or attends Molloy).
![Savings rate 6.00% with 6.18% apy*](https://oceanfinancial.wpenginepowered.com/wp-content/uploads/2024/03/Savings-Rate-box-1.png)
Lions Checking**
- $0 to open.
- No minimum balance required.
- Earn perks based on GPA, Financial Literacy, Community Outreach.
- Digital Solutions:
- Mobile Banking
- Zelle®
- Mobile Check Deposit
- CardGuard
- CrediSense
- TransferNow
*APY=Annual Percentage Yield. APY accurate as of 4/1/2024 and is subject to change without notice. Additional verification may be requested for account opening. Terms subject to change. 6.18% APY is earned on balances up to $2,000, balances higher than $2,000 earn the Regular Share Account APY. $5 minimum to open. Fees or other conditions could reduce earnings. Restrictions apply. At graduation, Lions Savings accounts are automatically converted to a Regular Share Account. Membership conditions may apply. Parent or guardian must be listed as a joint owner on all youth savings accounts. **A share account with a $5 minimum balance is required before a checking account can be opened. Fees, such as insufficient funds or stop payment, will apply as necessary. Lions Checking is not eligible for Overdraft Protection options until the primary account holder is 21 years old, therefore purchases will be declined if funds are not available. Under 18 requires a parent/guardian be listed jointly for a debit card to be distributed.
Lions Tuition Loan!
Continuing your education at Molloy University is a smart investment in your future and so is making smart financial decisions when it comes to paying for that education. Which is why we created the Lions Tuition Loan to help Molloy students pay for college when scholarships, grants and federal aid just aren’t enough to cover the cost.
![Lions Tuition Loan rate as low as 6.00% APR* For 10 years and Lion with grad cap](https://oceanfinancial.wpenginepowered.com/wp-content/uploads/2024/04/TuitionLoan-1.png)
- Fixed loan rate for term of loan
- Loan amounts up to $5,000 per year for 4 years** – NO reapplying necessary!
- Pay interest only for the first 12-months***
- Maximum loan limit of $20,000
- Parent must co-sign the loan with the student
- NO application fee
- NO penalty for pre-payment
- RATE DISCOUNT of 0.25% with auto-payments
- RATE DISCOUNT of 0.25% upon graduating from Molloy University
*APR=Annual Percentage Rate. APR accurate as of 4/24/2024 for qualified applicants only, and is subject to change without prior notice. All offers of credit are subject to credit approval. Not all applicants will be approved and some may be offered credit at different rates and terms, all subject to approval. Membership conditions apply. Applicants (including co-signer) must be United States citizens/nationals or lawful permanent resident aliens of the United States**Lions Tuition Loans cannot be used for anything other than tuition. All disbursements will be made directly to Molloy University. ***Estimated monthly payment of $25.00 for the first year with interest only payments. For Lions Tuition Loan term of 10 years, estimated monthly payments after first year is $11.10 per $1,000 borrowed. Payment is based on loan rate of $6.00%APR.