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Savings & Club Accounts

Dannemora Federal Credit Union offers a variety of savings accounts to help you reach your goals for whatever stage of life you are in. Whether you are saving for the short term, long term, or both, we have accounts that will cover all of your needs. With our tiered dividends, the more money you have stashed in your savings, the higher dividend you will receive at the end of each quarter. And to make it all a little easier, you can open multiple accounts under your primary account to keep your money separate and organized.

You are required to open a savings account to become a member and become eligible for all of our products and services.

All of your DFCU Savings Accounts are federally insured by the National Credit Union Administration for up to $250,000, giving you piece of mind knowing your money is protected.

Dividend Rates

Regular Share Savings

The DFCU Regular Share Savings Account is your basic account that works as your foundation for all other products and services that you will use at the credit union. Once you open your savings account, you become an owner of DFCU!

All members must have a Regular Share Savings Account and need $5.00 to start and maintain the account. A minimum balance of $50.00 is required to earn dividends.

Club Accounts

Our Christmas Club allows you to enjoy the holidays without the stress debt from gifts or travel. The DFCU Christmas Club allows you to plan ahead for holiday expenses at the end of the year allowing you to make a consistent contribution throughout the year. In early October the money is automatically transferred to your checking or savings, just in time for the holidays! And best of all, you earn dividends on what you are saving!

The DFCU Vacation Club allows you to deposit money into a separate account for that special getaway you have been planning. The Vacation Club allows you to withdraw the money whenever you need it.

Retirement Accounts

Start saving for your dream retirement today with Dannemora Federal Credit Union. Our IRA Accounts allow you to save for retirement with tax benefits that will help you grow your savings faster. We offer two different types of IRAs: Traditional and Roth. Call us or stop by any branch to learn more about how we can help you.

Money Market Share Accounts

Get more bang for your buck with our Money Market Share Accounts. Money Market Accounts provide a higher yield similar to our Share Certificate Accounts, but allow account holders to have more flexibility with a limited amount of withdrawals each month. The Money Market Account requires a $5,000 minimum deposit and has a tiered dividend rate structure. The more that you deposit, the more you earn!

Money Market Rates

Share Certificates

We offer a variety of Share Certificates terms for those who wish save money with a locked in rate and higher yields than a Regular Savings Account. Our certificate terms range from 3 to 60 month terms. A low minimum balance of $1,000 is required to open a Share Certificate.

Dividends are paid out monthly. Penalties may apply for an early withdrawal. Rates vary with term length. For current certificate rates, please visit our rates page.

Share Certificate Rates

Regulation D

Regulation D (Reg D) is a federal regulation set forth by the federal government placing a limit on the number of transactions you can make from your Share Savings, Club, and Money Market Accounts without your presence being required. The purpose of Reg D is to regulate the level of reserves a financial institution maintains.

You are allowed up to six (6) preauthorized or electronic transactions permitted per calendar month from each non-transaction account. Non-transaction accounts are Share Savings, Club, and Money Market.

Click to learn more about Regulation D in our Reg D Quick Guide.