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Primary Savings

Designed to build your savings faster

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Statement Savings Account

  • 5.12% APY* 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 0.25% 0.25%

Rates are effective .

**5.12% APY will be paid on the balance in your account up to the first $1,000.00. A dividend rate of 0.25% 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 0.25% APY. For example, a balance of $1,500.00 would earn a blended rate of 3.50% 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.

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.

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 0.25% 0.25%

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 0.25% 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 0.25% APY. For example, a balance of $1,500.00 would earn a blended rate of 3.50% 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 538.
Rated 5 out of 5 by from Love the features of this I can't wait to start saving for my rainy day trip!
Date published: 2018-06-26
Rated 5 out of 5 by from Nashua Branch is very helpful Olivia was excellent to deal with! Assisting with my father's affairs during an already tough time after his passing made it so much easier on my family.
Date published: 2018-06-16
Rated 5 out of 5 by from Great features! This is my first time joining Dcu and I had a great experience.The customer service lady Destiny who attended me was very friendly and extremely helpful, answered every question I had.I was very impressed on how fast and simple it was to open a savings account, and the great features this bank offers.
Date published: 2018-06-12
Rated 5 out of 5 by from this product has great features this product has great features with worldwide atm access, easy online & mobile access, federally insured by NCUA, and minimum of $5.00 for account opening.
Date published: 2018-06-09
Rated 5 out of 5 by from First Account setup This is my first time opening an account at DCU.. Wow It was so easy to do and the website and app are so easy to use and user friendly..
Date published: 2018-06-09
Rated 5 out of 5 by from Great banking product minimum to open account is $5 but you earn a great interest up to first $1,000
Date published: 2018-06-09
Rated 5 out of 5 by from Loan Great product, Great rate , easy friendly online access.
Date published: 2018-06-02
Rated 5 out of 5 by from Incredible Experience A friend told me about this banking institution and I decided to give it a try for an auto loan, can not say enough praise about how easy, friendly and all with great rates!
Date published: 2018-06-02
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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

I need a password for a new account

Asked by: rodnick
Yes, once the new account application is submitted to login, check and track your application status there is a password you need to use. Once your account is open, you must use a password to secure your account
Answered by: Peter
Date published: 2018-03-31

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

DCU CARD

Thanks! I really found your answers very useful. How long will it take my dcu card to come in the mail and how soon can I make use of it? When can I activate my dcu online banking?
Asked by: nattie
It’s takes 7 to 10 business days to receive your card in the mail && soon as you get it activate your card && soon as you get your pin the mail that’s when you can use your online banking
Answered by: Jae
Date published: 2018-03-10
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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