Savings Accounts

Your Ownership Account at DCU  |  Competitive Rates and Terms

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When you join DCU, you become a member and an owner of your own financial institution. Your Savings Account signifies your ownership. To become and remain a DCU member, you'll open your Savings Account with as little as $5.00. As long as you maintain at least $5.00 in this account, you'll be a DCU member.

Compare DCU's Savings Account to bank statement savings accounts and you'll see how much better it is. You'll pay no monthly fees and the minimum balance, at $5.00, is insignificant. The dividend rate is typically higher than interest rates paid by commercial banks on statement savings and passbook accounts.

Your dividends are compounded daily and paid monthly. Members under age 19 enjoy a higher dividend rate to help them reach their savings goals faster. Use our Savings Calculators to help you determine the savings plan to meet your goals.

Your Savings Account and your DCU Checking Account are the only DCU accounts accessible at virtually every ATM in the country. You can also access your account 24 hours a day using any DCU ATM, PC Branch, Mobile PC Branch, and Easy Touch Telephone Teller. You can access your account in any DCU branch and make deposits online anytime with a scanner or camera in your smart phone by PC Deposit and Mobile PC Deposit.

When you direct deposit your net pay, Social Security, or pension into your DCU Checking Account, you'll want to regularly transfer some of this money into your Savings Account – especially if you expect to access the funds regularly by ATM. It's easy. You can set up automatic transfers on PC Branch or have us set up automatic transfers for you. It's a great way to pay yourself first and make your money grow faster.*

*Federal Reserve Regulation D limits total phone or PC Branch transfers or withdrawals from all savings accounts into your checking account to six per month. Loan payment transfers, teller counter transactions, ATM transactions, deposits, and transfers into your account are unlimited. More information on Reg. D.

DCU's Savings Account is federally insured along with your other DCU savings up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency. Additional aggregate coverage is possible depending on how you structure the ownership of your family's accounts.

For more information about savings accounts or any of DCU's products and services, visit a local branch or call our Information Center at 508.263.6700 or 800.328.8797 weekdays from 8:00 a.m. to 9:00 p.m. and Saturdays 9:00 a.m. to 3:00 p.m., Eastern time.

Rates may change after the account is opened and are subject to change weekly. Funds earn dividends from day of deposit to day of withdrawal, compounded daily and paid monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings on this account. Refer to DCU's Truth-In-Savings Disclosure and Account Agreements and Schedule of Fees and Service Charges.

Read all Savings Account questions/answers

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