Regular Certificate Accounts
Highest Dividend Rates With Direct Deposit to Checking | Add-On Feature | Easy to Open – Easy to Keep
Our most popular certificate only requires a $500 minimum deposit to open. You can choose any term from 3 months to 60 months. Your initial rate remains in effect for the full term. Dividends are compounded daily and credited monthly.
Put money in a Regular Certificate for the term you won't need to touch it and we'll give you a great dividend rate. The longer you agree to leave it in, the higher the rate you'll earn. Check current Certificate Dividend Rates and Annual Percentage Yields.*
Regular Certificates are the perfect way to save for an education, the down payment on your first car, or as part of your long-term financial planning. You can reinvest the dividends earned during the term of the certificate so you actually earn dividends on your dividends. Or, if you prefer, you may choose to have the dividends transferred to your savings account on a monthly basis or at maturity.
* Annual Percentage Yield (APY) is a figure calculated using a federally-mandated formula. It's designed to help you compare the return you'll get in a uniform way between the certificate, savings, and money market accounts offered at various institutions. It tells you at what percentage your money will grow in one year at the same dividend rate – including the effects of compounding. For example, the APY on a 6-Month Certificate would be what you earned at the end of a year if you renewed your certificate once, did not add to or subtract from the balance along the way, nor withdrew any dividends.
If you have a Loyalty Checking Plus relationship when you open or renew a DCU Certificate, you'll automatically receive the highest published dividend rate for that certificate. Other great rates are available. You can boost it another 1/4% for the next term when you add at least $5,000 to the balance at maturity.
You can add $100 or more to your Regular Certificate with a term of 12 months or less. You can use this feature to...
- Consolidate multiple certificates as they mature.
- Build your savings faster at high certificate rates.
- Move savings from other institutions into existing accounts.
Here's how to add to your certificate...
- By Mail – Enclose a check made out to Digital Federal Credit Union or send written transfer instructions with the account number of the certificate you want to add to, the account name and number you are transferring from, and the amount to transfer (minimum $100).
- By Phone – Call the Information Center and provide us with your transfer instructions.
- By Email – Log on to PC Branch and choose Contact Us. Select General requests or comments. Complete the form. In the box "Please Select the Department" choose Information Center and in the large comment box tell us the one or two digit account number of the certificate you want to add to, the account name and number you are transferring from, and the amount to transfer (minimum $100).
- By Person – Stop by any DCU branch to make your add-on deposit or transfer.
You can open you Regular Certificate in minutes at any branch, by mail, or by calling the Information Center. DCU mails you a maturity notice when your certificate is about to mature. Unless you notify us you would like to withdraw the funds or change your term, we automatically renew your current certificate for the same term at the dividend rate in effect at renewal. There is no need to worry about new paperwork or signatures, everything is completed for you.
All DCU deposit accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency. Individual Retirement Accounts are insured for an additional $250,000 per member.
Open a DCU Certificate by mail by downloading and printing a DCU Certificate Application and Disclosure (.pdf format). Mailing instructions are included on the form. You can also open a DCU Certificate at any DCU branch. If you plan to transfer money from another DCU account, you can open one by calling our Information Center at 800.328.8797, weekdays from 8:00 a.m. to 11:00 p.m., and Saturdays from 9:00 a.m. to 3:00 p.m., Eastern time.
Regular Certificate dividend rates are subject to change weekly; but once a certificate is issued, the rate will remain in effect for the term of the certificate. Funds earn dividends from the first Business day of deposit through day of withdrawal, are compounded daily and posted monthly. Penalties apply for early withdrawals. Refer to DCU's Truth-in-Savings Disclosure and Account Agreements, Certificate Account Disclosure and Agreement, and Schedule of Fees and Service Charges.
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Digital Federal Credit Union
220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797 |
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© 2008. Digital Federal Credit Union