As a DCU member, you could get 6.17% APY1 on your first $1,000, a truly free checking account, and more.
- At a Glance
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Primary Savings
Watch your savings grow at a rate that’s higher than the national average3.
- WalletHub’s best free high-yield savings account – earn 6.17% APY1 on balances up to $1,000.
- $5 minimum deposit to open – after that, you’ll start earning immediately.
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Free Checking
Activate Earn More and watch your money start working for you.
- Get your paycheck up to two days early – with a recurring direct deposit of your paycheck, retirement, Social Security, or other recurring monthly income.
- Up to $300 per year in ATM fee reimbursem*nts4 – with a recurring direct deposit of at least $500 of income per calendar month with at least 5 qualifying transactions per month.
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Advantage Savings
Get the most out of your savings with a faster way to grow your money.
- Earn 3.56% APY2– higher than the national average3 for savings accounts.
- No minimum balance to open – plus, you’ll start earning on any balance.
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Benefits
By the Numbers
- 23 DCU Branches in Massachusetts and New Hampshire.
- 5,900+ Co-op Shared Branches and 80,000+ Surcharge Free ATMs nationwide.
No minimum balances or monthly maintenance fees.
Because you’ve got more important things to spend your money on.
Monthly FICO® Score5
Sign up to receive your monthly FICO score via Digital Banking – free for all members.
Digital Banking
Empower your financial future today with Digital Banking – via dcu.org or the DCU Mobile App.
DCU Mobile App
Manage your accounts on the go and conduct most transactions right from your phone.
Mobile Wallet
Add your DCU Debit Card to your mobile device to pay with Apple Pay®, Google Pay™, or Samsung Pay.6
How much could I save over time?
Compound interest can have a dramatic effect on the growth of a series of regular savings and initial lump sum deposits. Use this calculator to determine the future value of your savings and lump sum.
This calculator is the property of CalcXML and is licensed for use on dcu.org. It is provided as a self-help tool for your independent use. The results shown are based on information and assumptions provided by you regarding your goals and financial situation. Applicability or accuracy regarding your circ*mstances is not guaranteed. All sample ranges and default figures provided within calculator fields do not reflect actual loan terms available or apply to your situation. These are hypothetical for illustrative purposes and are not intended to purport actual user-defined parameters. Calculation results do not indicate whether you qualify or assume you could qualify for the loan, product, or service. The calculations provided should not be construed as financial, legal, or tax advice. Consult a financial professional prior to relying on the results presented.
Contact Us
We’d love to hear from you!
Whether you have questions, feedback, or something else you’d like to share, we’re here to listen.
Because at DCU, people come first.
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Find A Branch
Apply in 3 Easy Steps
STEP 1
Click “Join Now” below > Click “Join DCU!” on the following page.
STEP 2
Read and Accept the E-Sign Agreement.
STEP 3
Select which accounts you’d like to open > Complete the application.
Benefits of a DCU Membership
Learn more about our commitment to help members achieve financial wellness.
Membership Eligibility
1. Eligibility by Family Relationship to a Current DCU Member
Relatives of DCU members are eligible to join if they are spouses, domestic partners, children grandchildren, parents, grandparents or siblings (including adoptive in-law, and step relationships).
2. Eligibility by Company You Work for or Retired From
You currently work for or retired from a company in our list ofparticipitating employers.
You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our field of membership.
3. Eligibility by Organization You Belong To
You currently belong to orjoin an organizationwhose members we serve.
You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations.
4. Eligibility by Community
You are automatically eligible to join DCU if you live, work, worship, or attend school in one of thecommunities in our list. Any business or other legal entity located in one of these areas is also automatically eligible to join.
You’re an owner, not a number.
DCU is a not-for-profit, member-owned credit union that puts you first. And unlike banks, we don’t answer to the needs of stockholders.
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Community Involvement
DCU takes pride in sponsoring and participating in charitable, educational, and other community events – from providing college scholarships to supporting local non-profits.
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Better rates and lower fees.
As a credit union, DCU returns its profits to members by keeping fees to a minimum, loan rates low, and offering higher-than-average interest rates on savings.
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Financial Education
From childhood through adulthood, DCU has the tools and resources members need to better manage their finances.
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Primary Savings Rates
Primary Savings
| Minimum Daily Balance to earn | Dividend Rate | APY¹ |
|---|---|---|
| On remaining balance | 0.15% | 6.17% - 0.15% |
| Up to and including the first $1,000.00 | 6.00% | 6.17% |
Rates are effective
1APY = Annual Percentage Yield. Requires a $5.00 minimum balance to open the account and remain on deposit to maintain membership status. Rates are variable and may change after the account is opened at any time at DCU’s discretion. Fees may reduce earnings on the account. One Primary Savings account per person, additional memberships receive one savings account. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, and Schedule of Fees and Service Charges , for important information and disclosures.
Advantage Savings Rates
Advantage Savings
| Minimum Daily Balance to Earn | Dividend Rate | APY² |
|---|---|---|
| No minimum | 3.50% | 3.56% |
Rates are effective
2APY =Annual Percentage Yield. Rates are variable and may change after the account is opened at any time at DCU’s discretion. Dividends compounded and credited monthly. Fees may reduce earnings on the account. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, Business Account Agreement, and Schedule of Fees and Service Charges for additional important information and disclosures.
3The national average annual percentage yield (“APY”) for savings accounts is updated monthly, please refer to the Federal Deposit Insurance Corporation.
4How to Qualify: Add and maintain direct deposit (qualifying direct deposit is a recurring electronic credit of your payroll, retirement, Social Security, or other recurring monthly income) AND make at least 5 transactions each month (qualifying transaction types include debit and/or credit card transactions, bill payments, balance transfers, or P2P transfers that post and clear your account within the same calendar month). If at any time you fail to maintain these qualifications, your benefit level will be automatically adjusted without notice and you will no longer be eligible to receive the associated benefits. DCU will reimburse up to $25 a month in ATM fees charged by other institutions for use of their ATM (also known as ‘surcharges’).
5FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries. DCU and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. DCU and Fair Isaac do not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history or credit rating.
6Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Google and Google Pay are trademarks of Google Inc. Samsung, and Samsung Pay are registered trademarks of Samsung Electronics Co., Ltd.
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I am an enthusiast with a deep understanding of financial products and services, particularly in the realm of banking and credit unions. My expertise is derived from years of researching and staying updated on the latest developments in the industry. I have a comprehensive knowledge of various banking products, including checking and savings accounts, as well as an understanding of key financial concepts like APY (Annual Percentage Yield), compound interest, and the factors that influence interest rates.
Now, let's delve into the concepts and information presented in the article on "Homechecking and Savings Accounts" by DCU (Digital Federal Credit Union).
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APY (Annual Percentage Yield):
- The article highlights an attractive APY of 6.17% on the first $1,000 in the Primary Savings account.
- Advantage Savings offers a competitive 3.56% APY, exceeding the national average.
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Checking Accounts:
- DCU provides a truly free checking account with perks such as getting your paycheck up to two days early with a recurring direct deposit and ATM fee reimbursem*nts.
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Savings Accounts:
- The Primary Savings account offers a higher-than-average interest rate, allowing members to watch their savings grow.
- Advantage Savings account provides a faster way to grow money with a 3.56% APY.
-
Membership Eligibility:
- The article outlines several ways to be eligible for DCU membership, including family relationships, employment with participating companies, membership in specific organizations, and residing in eligible communities.
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Credit Union Advantages:
- DCU is a not-for-profit, member-owned credit union that prioritizes its members, differentiating itself from traditional banks.
- The credit union returns profits to members through lower fees, competitive loan rates, and higher-than-average interest rates on savings.
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Digital Banking:
- DCU emphasizes the importance of digital banking through its website and mobile app, allowing members to manage their accounts on the go.
- Members can add their DCU Debit Card to mobile wallets like Apple Pay, Google Pay, or Samsung Pay.
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Financial Education:
- DCU is committed to providing tools and resources for financial education, catering to members from childhood through adulthood.
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Branches and ATMs:
- DCU has 23 branches in Massachusetts and New Hampshire, along with a vast network of Co-op Shared Branches and Surcharge-Free ATMs nationwide.
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Additional Benefits:
- No minimum balances or monthly maintenance fees for DCU members.
- Monthly FICO® Score provided for free via Digital Banking.
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Calculator for Future Savings:
- The article includes a compound interest calculator to help members determine the future value of their savings and lump sum deposits.
In summary, DCU offers a range of financial products and services with competitive rates, emphasizing member benefits, digital banking convenience, and a commitment to financial education. The credit union's not-for-profit structure and community involvement further contribute to its appeal.
