Savings

Whatever your dreams may be, we help you save for them.

There are many different ways to save.

Being able to put money aside—for your retirement, for a rainy day, for that much-needed family vacation—is really empowering. DC Credit Union has a range of savings options designed to meet your particular savings needs.

Low minimum balance options
Earn dividends on your money
Put money aside for a special occasion
Earn higher dividends for retirement
Your money is safe—deposits are insured by the National Credit Union Administration (NCUA)

Reclaim your dreams for the future.

Meet Sherry

“Opening up a DC Credit Union Savings account has helped me put aside a small nest egg for retirement, which is absolutely important to me.”

Read about Sherry’s journey »

Which savings account is right for me?

	Share Savings	Holiday & Vacation Club	IRAs and Share Certificates	Money Market Accounts
Best if you want	A basic savings account with a low minimum balance	An account to help you set aside money for a specific goal	A way to save long-term, earning higher dividends without immediate access to your funds	A savings account with a higher balance that offers both easy access to your funds and higher dividends
Minimum balance	$5 to avoid fees	$0	$100 - $2,000	$2500 - $10,000

Best if you want

Minimum balance

A basic savings account with a low minimum balance

$5 to avoid fees

An account to help you set aside money for a specific goal

A way to save long-term, earning higher dividends without immediate access to your funds

$100 - $2,000

A savings account with a higher balance that offers both easy access to your funds and higher dividends

$2500 - $10,000

Checking and Savings

Account Type	APY*	Minimum Deposit	Minimum Balance
*APY = Annual Percentage Yield. Rates are subject to change. Fees may reduce earning on the account. Penalty may be imposed for early withdrawal.
Regular Share	0.07%	$5.00	$5.00
Share Draft	0.01%	$0.00	$300.00
Money Market	2.02%	$2,500.00	$2,500.00
Money Market	2.12%	$10,000.00	$10,000.00
Holiday Club	0.50%	$5.00	$5.00
Vacation Club	0.50%	$5.00	$5.00
Secondary Savings	0.01%	$5.00	$5.00
Traditional IRA	0.50%	$0.00	$100.00
Roth IRA	0.50%	$0.00	$100.00
Educational IRA	0.50%	$0.00	$100.00

Share Savings Account

When you join DC Credit Union our Share Savings account comes with your membership. You only need to keep a $5 minimum balance in order to avoid any fees, and you can earn dividends on your balance.

Holiday & Vacation Club Account

This savings account is great for planning ahead for that fun family vacation or for holiday shopping. We help you automatically set aside money every month, and you earn dividends on your savings throughout the year. For Holiday Accounts, we transfer your saved money to your checking account in early November, making it available to you for the holiday season.

IRAs and Share Certificates

Individual Retirement Accounts are a great way to save money for retirement. With a traditional IRA, your contributions are often tax-deductible and you accumulate earnings tax-deferred. Your contributions to a Roth IRA are never tax-deductible, but your money can be withdrawn tax-free.

We offer both Traditional and Roth IRAs, IRA Share Certificates, and Regular Share Certificates. All are insured to $250,000 by NCUA, and each offers different benefits based on your situation and your goals.

Traditional & Roth IRA Share Accounts

$100 minimum deposit

No administrative or maintenance service charges

Traditional & Roth IRA Share Certificates

$2,000 minimum balance

Available for terms of 24 months

Regular Share Certificates

Minimum opening deposit: $1000 for 12- to 24-month terms, $500 for 36- to 48-months terms

$500 minimum balance

Money Market Accounts

Earn higher dividends and gain flexibility. A Money Market account from DC Credit Union combines easy access to your funds with the added bonus of earning higher dividends. You can choose between two tiers—a $2500 minimum balance or $10,000 minimum balance—to optimize how your money works for you.

Calculators to help you figure out how to save more.

Need help with planning and investing?

Check out our “Save and Plan for the Future” guide for helpful tips about planning for retirement and getting started with investments.

Visit the guide

Get the answers you're looking for

This post is also available in: Español (Spanish)

The Share Savings is your investment in our cooperative. The $5 initial deposit becomes your “share” in the credit union, and gives you the right to vote and/or run for our board of directors, as well as take advantage of all DC Credit Union has to offer.

This post is also available in: Español (Spanish)

No. You just need an initial deposit of $5. That’s it.

This post is also available in: Español (Spanish)

Yes, it is your money to withdraw as you’d like. But we hope you use these accounts to save for that special vacation or to fund a stress-free holiday, and have structured the accounts to encourage as few withdrawals as possible. If you’re saving for a different reason, talk to us and we’ll help you find an account that is most suited for that.