What Can DCU Save You?

Primary Savings

Earn a high interest savings rate to build your savings faster




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  • Details
  • Rates
  • Reviews
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Statement Savings Account

  • High rate on first $750 encourages saving*
  • Worldwide ATM Access
  • $5 minimum to open
  • Free online, mobile, and branch access
  • Acts as overdraft protection
  • Included with DCU membership
  • Federally insured by NCUA

* Included with DCU membership. One Primary Savings account per person.

Please refer to Details and Rates tabs for more information.

"Good Service, Best Rates"

Open quote I first found out about DCU from our Realtor/Loan officer. They told me that DCU is known for good service and the best rates available for line of credit & other products. I haven't been disappointed! Close quote

— Sam, Corona, CA

Primary Savings Details

  • High rate on first $750 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 $750 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 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 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 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.

Please refer to Features and Rates tabs for more information.

Primary Savings*

Account / Minimum / Terms Dividend Rate Annual Percentage Yield
Primary Savings rate on first $750 - 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 $750.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $750.00, 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 2.53% 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.

Please refer to Features and Details tabs for more information.


Primary Savings is rated 4.5 out of 5 by 386.
Rated 5 out of 5 by from great features My friend suggested DCU for Auto loan. So I tried to contact on phone. but it was too easya and fast. I really liked the service and the way customer support helped me.
Date published: 2017-02-18
Rated 5 out of 5 by from Fast and easy to start The process was done with ease and the customer service was excellent.
Date published: 2017-02-06
Rated 5 out of 5 by from Great customer support Nate in customer Support was available to help me out via chat even though it was almost 9pm! Every time I deal with DCU staff I'm pleased as punch at their professionalism and willingness to help. They're top notch! And their savings rate is the best I have seen, ANYWHERE.
Date published: 2017-02-03
Rated 5 out of 5 by from The process was very easy and user friendly. The people I spoke with on the phone were very professional and helpful. User friendly, helpful, professional, fast approval.
Date published: 2017-01-28
Rated 5 out of 5 by from excellent its easy to open and fast. excellent services I will definitely recoment this to everyone
Date published: 2017-01-23
Rated 5 out of 5 by from Daughter's Account Celia was super attentive to my needs regarding opening a savings account for my 1st child, who is due March 19. She provided all necessary documents and even highlighted some things that being a DCU member provides, such as a lower interest rate on my car loan if transitioned from my current credit union to DCU. I look forward to being a member !
Date published: 2017-01-21
Rated 5 out of 5 by from An excellent product My experience of opening joint savings account with DCU was wonderful. Total hassle free and nice online way of opening the account! Thanks..
Date published: 2017-01-21
Rated 5 out of 5 by from Awesome service The loan request submission and approval process is very simple and easy. Also the DCU representatives are more knowledge on the loan process. Thank you so much for your wonderful service. Sure I'll refer to my friends.
Date published: 2017-01-16
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Can direct deposit be set up for this type of savings account?

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

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: Anonymous
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: Anonymous
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: Anonymous
yes
Answered by: Anonymous
Date published: 2016-08-20

Is there any annual fee or transaction fee involved for savings account?

I mean If i withdraw money from the account, is there any fee involved. and any annual fee?
Asked by: Anonymous
DCU does not charge any annual fees on the Savings Account. Depending on your account level you may be charged a fee for withdrawing funds from a non-DCU ATM. All DCU ATM transaction are free. If you visit a CO-OP Shared Branch and make the withdrawal in person there is no fee charged.
Answered by: Anonymous
Date published: 2016-07-18

savings account

How do I transfer from an external account to DCU without going to both banks
Asked by: Anonymous
You may sign up for and use the Cash Edge External Funds transfer option to move funds. This option is available within the Transfers menu in Online Banking.
Answered by: Anonymous
Date published: 2014-04-12
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"Simple, Fast and Easy"

Open quote Opening an account was very fast and easy. Accessing my account is simple with online access, and nearby branches and ATMS. And I love the $5 minimum balance. Close quote

— KP09 , Leominster, MA

Easy Ways To Open a Primary Savings

  1. Open Online – Opening a DCU Primary Savings account is fast and convenient! Follow the simple step-by-step instructions and open your account in minutes online.
  2. By Phone – Call 800.328.8797 or 508.263.6700, (select 3).
  3. Visit a DCU Branch – Visit a local branch and open a Primary Savings account. A Member Service Representative will assist you and be able to answer all your questions.

"I love my new Savings Account!"

Open quote Easy to open, friendly service – I'm happy I made the switch to DCU! Close quote

— Jules, Bolton, MA

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