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Primary Savings

Designed to build your savings faster

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Statement Savings Account

  • High rate on first $1,000 encourages saving*
  • Worldwide ATM Access
  • $5.00 minimum to open
  • Free online, mobile, and branch access
  • Acts as overdraft protection
  • Federally insured by NCUA

Primary Savings Rates*

Account / Minimum / Terms Dividend Rate Annual Percentage Yield
Primary Savings rate on first $1,000 - Minimum $5 balance 5.00% 5.12%**
Primary Savings rate on remaining balance 0.05% 0.05%

Rates are effective .

*One Primary Savings account per person. Additional memberships receive one Savings Account. Rates may change after the account is opened and are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings on these accounts. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements and Schedule of Fees and Service Charges.

**5.12% APY will be paid on the balance in your account up to the first $1,000.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $1,000.00, which will create a blended rate made up of the 5.12% APY and 0.05% APY. For example, a balance of $1,500.00 would earn a blended rate of 3.43% APY. “Blended APY” shown assumes the amount entered is held in the account for one year. Requires a $5.00 minimum balance to open the account and earn the APY.

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.

Primary Savings Details

  • High rate on first $1,000 encourages savings – We recommend you set aside 3 to 9 months of household spending as an emergency fund. The high rate we pay on the first $1,000 of your balance is a reward for getting started. On the rest of your balance, you'll earn rates typically higher than those paid by commercial banks on statement savings and passbook accounts. Daily dividends are compounded and paid monthly. There are no monthly fees.
  • Worldwide ATM access – Both your DCU Primary Savings account and your DCU Checking Account are accessible for withdrawals, inquiries, and sometimes deposits at virtually every non-DCU ATM.
  • $5.00 minimum to open
  • Free online, mobile, and branch access – You can access your account 24 hours a day using any DCU ATM, Online Banking, 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 Online Deposit.
  • Acts as overdraft protection on your DCU Checking – You can choose to have any overdrafts covered by your Savings Account provided there is sufficient balance and the Regulation D transfer limit has not been exceeded.*
  • Included with DCU membership – Your first $5.00 of balance signifies your ownership of DCU, a member-owned not-for-profit consumer cooperative. As long as you maintain at least $5.00 in this account, you'll be a DCU member. One Primary Savings account per person.
  • Federally insured by NCUALearn more about insurance on all your savings at DCU and how to maximize your coverage.

*A $5.00 fee is incurred for each overdraft protection occurance.

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 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.

Primary Savings Rates*

Account / Minimum / Terms Dividend Rate Annual Percentage Yield
Primary Savings rate on first $1,000 - Minimum $5 balance 5.00% 5.12%**
Primary Savings rate on remaining balance 0.05% 0.05%

Rates are effective .

*One Primary Savings account per person. Additional memberships receive one Savings Account. Rates may change after the account is opened and are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings on these accounts. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements and Schedule of Fees and Service Charges.

**5.12% APY will be paid on the balance in your account up to the first $1,000.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $1,000.00, which will create a blended rate made up of the 5.12% APY and 0.05% APY. For example, a balance of $1,500.00 would earn a blended rate of 3.43% APY. “Blended APY” shown assumes the amount entered is held in the account for one year. Requires a $5.00 minimum balance to open the account and earn the APY.

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.

Primary Savings is rated 4.5 out of 5 by 454.
Rated 5 out of 5 by from Very nice I Have Recommended many of my friends to open saving account with DCU
Date published: 2017-12-07
Rated 5 out of 5 by from Great features Excellent product, recommend to all my friends And colleagues 9
Date published: 2017-12-03
Rated 5 out of 5 by from The product has great feature It is okay and serve Better,i ts a good banking system
Date published: 2017-12-02
Rated 5 out of 5 by from Good location with great benefits. Perfect location for my banking needs, with a knowledgable, professional staff to help me with any issues or questions with regards to my banking requirements.
Date published: 2017-11-25
Rated 5 out of 5 by from Primary Savings As a new member, your Member Service Department is very efficient, friendly and user friendly. I would recommend the Primary Savings because of the higher interest rate on balances under $1k. Thank you for great banking experience.
Date published: 2017-11-19
Rated 5 out of 5 by from Outstanding customer service. The customer service is outstanding, and the ease of making deposits is a plus. Very satisfied.
Date published: 2017-11-18
Rated 5 out of 5 by from Great rates Great rates. Easy application process. Quick response.
Date published: 2017-11-11
Rated 5 out of 5 by from This account has great value. The primary savings account from DCU is the best option to save money.
Date published: 2017-11-11
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Can direct deposit be set up for this type of savings account?

Asked by: Melissa
Yes, direct deposit can be set up for this type of savings account. I have it for my account.
Answered by: Aimee
Date published: 2016-07-18

what do you mean by first $750 in savings gets 5% interest?

what do you mean by first $750 in savings gets 5% interest? I now have $750 in savings, will that all get 5% interest or was it only if deposited when opened account?
Asked by: RG
At any time you reach $750.00 in saving.
Answered by: Daniels66
Date published: 2017-11-04

What account is needed fr loan

I am applying for a refinace loan with DCU. I just learnt that I have to become a member too. what kind of account do I need to open? Checkings/Primary savings?
Asked by: Saumya
Not necessary. If you want more 0.5% discount on interest, you need to open an Checkings / Primary Savings account with Direct Deposit.
Answered by: Steve
Date published: 2015-06-27

if i go to the dcu in tyngsboro ma will i get a trmporary debit card when i open the account

Asked by: rosieposie
yes
Answered by: Baggio
Date published: 2016-08-20

I can't find external account as funding option when applying for the dcu account, please how can i get the external account as funding option?

Asked by: Stevensongray4
If you are applying for an account online you will have the option to use an external account for your initial deposit during the application process. If you are completing a paper application you should have a form to complete to fund the account from an external account. If you have any problems locating the form please contact us at (800) 328-8797 option 5, Monday through Friday from 8 am until 9 pm and Saturday from 9 am until 3 pm Eastern Time.
Answered by: DCU Staff
Date published: 2017-11-30
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Easy Ways To Open a Primary Savings

  1. Open Online
  2. By Phone
    Call 508.263.6700 and press 3
  3. Visit a DCU Branch