What Can DCU Save You?

Primary Savings

Earn a high interest savings rate to build your savings faster




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  • Details
  • Rates
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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.


Rated 4.4 out of 5 by 379 reviewers.
Rated 5 out of 5 by 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. January 15, 2017
Rated 5 out of 5 by very helpful Very helpful even over the holiday weekend with banks being closed Melissa and Terrance were very thoughtful January 7, 2017
Rated 5 out of 5 by New member, but so far service is great. Great service so far as a new member. I am considering switching my checking account from Lovell Five also. January 7, 2017
Rated 5 out of 5 by Excellent Very fast service and easy to setup, the representatives who spoke to me were very kind and helpful. January 7, 2017
Rated 5 out of 5 by New member Excited to be a new member. Everything suits my banking needs January 7, 2017
Rated 5 out of 5 by Excellent, fast service. Great knowledgeable staff. Needed an auto loan for a used car. Representatives was able to establish my loan online and guide me through the process. He then helped me to open a savings account. All in one phone call. Fantastic Service!!!! Thank you DCU Richard December 31, 2016
Rated 5 out of 5 by Great service DCU provide excellent banking service, credit and debit service December 19, 2016
Rated 5 out of 5 by Very friendly personnel and easy to work with This was a very quick and easy process and am looking forward to seeing the benefits of solar energy on our home. December 17, 2016
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(11 Questions : 15 Answers)

Product Q&A

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State: New Hampshire
Age: 35-44
DCU Member for: Haven't joined yet
5 years, 5 months ago
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Melissa
Nashua
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Answer: 
Yes, direct deposit can be set up for this type of savings account. I have it for my account.
State: Massachusetts
Age: 35-44
DCU Member for: Less than 1 year
4 years, 9 months ago
Member avatar
by
Aimee
Lowell
+3points
3out of 3found this answer helpful.
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Answer: 
Yes it can!
State: Massachusetts
Age: 18-24
DCU Member for: 5 to 10 years
5 years, 1 month ago
Member avatar
by
jennelle1116
CLinton
+1point
1out of 1found this answer helpful.
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Answer: 
Direct deposit can be deposited into a savings account, a money market account, and a checking account.
State: Massachusetts
5 years, 4 months ago
Member avatar
by
DCU Staff
Marlborough
+1point
1out of 1found this answer helpful.
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State: New Hampshire
Age: 18-24
DCU Member for: Haven't joined yet
2 years, 10 months ago
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by
rosieposie
nashua
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Answer: 
yes
State: Massachusetts
Age: 35-44
DCU Member for: Less than 1 year
7 months ago
Member avatar
by
Baggio
Worcester
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Answer: 
Our Tyngsboro, MA Branch offers instant card issuance. If you qualify for a DCU Check Card when opening your DCU Checking and their machine is working when you visit, this Branch can issue your card right then and there. This would be your permanent Check Card, not a temporary card. You would still need to wait for your PIN to arrive by mail to gain full usage of the card at terminals requiring a PIN, such as, ATMs.
State: Massachusetts
 
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2 years, 10 months ago
Member avatar
by
DCU Staff
Marlborough
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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?
State: New Jersey
Age: 25-34
DCU Member for: Haven't joined yet
1 year, 9 months ago
Member avatar
by
Saumya
Edison
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Answer: 
Not necessary. If you want more 0.5% discount on interest, you need to open an Checkings / Primary Savings account with Direct Deposit.
State: North Carolina
Age: 35-44
DCU Member for: 1 to 4 years
1 year, 8 months ago
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by
Steve
RALEIGH
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Answer: 
To be eligible for any DCU products and services, at a minimum, you need to have a DCU Primary Savings with a $5 balance maintained.
State: Massachusetts
 
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1 year, 9 months ago
Member avatar
by
DCU Staff
Marlborough
+1point
1out of 1found this answer helpful.
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State: Massachusetts
3 years ago
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by
Lin
Andover
0points
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Answer: 
The tiered rate for Savings, provides the higher rate on balances maintained between $5 to $500. For any amount on deposit in your Savings exceeding the $500, the lower rate is paid.
State: Massachusetts
3 years ago
Member avatar
by
DCU Staff
Marlborough
+9points
9out of 9found this answer helpful.
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1 answer

savings account

How do I transfer from an external account to DCU without going to both banks
State: Massachusetts
Age: Over 65
DCU Member for: Over 20 years
2 years, 11 months ago
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by
Mary
Hopedale
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Answer: 
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.
State: Massachusetts
 
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2 years, 11 months ago
Member avatar
by
DCU Staff
Marlborough
0points
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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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