Share Accounts (Savings)
DNCU offers a wide variety of ways to save and earn great dividends. We call the money you earn on your accounts "dividends" because it represents the money you earn as one of our member/owners. We also call our savings accounts share accounts because your share account represents your ownership, or share, of the credit union. All savings accounts are insured by the National Credit Union Association up to $250,000.
Share accounts are designed for long-term growth of your funds, but not for daily spending. If you would like higher savings rates with very limited checking, look at our Money Market Savings Accounts.
| Choose a Share (Savings) Account Option - "Simple" Savings Accounts | |||
| Share | Baxter (0-12 years) | SCORE (13-17 years) | Holiday Savings |
|---|---|---|---|
| $5 minimum balance | $5 minimum balance | $5 minimum balance | $10 minimum balance |
| Dividends | Dividend rate +0.25% APY | Dividend rate + 0.25% APY | Enhanced dividend rate |
| No additional deposits required | No additional deposits required | No additional deposits required | Automatic transfer or payroll deduction monthly; member chooses amount |
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Funds are deposited to member's share account annually, the 1st week of November | |
| Open Account | Open Account | Open Account | Open Account |
Share Accounts
Every member of Del Norte Credit Union is required to have a Share account with a minimum of a $5 balance. The share account receives different dividend rates depending on your balance - the more you save, the more you earn!
Dividends are calculated daily and paid on the last day of every month.
Share Certificates
DNCU's certificates offer the best dividends for our members. If you can set money aside for anywhere from 3 months to 4 years, you can reap the benefits of our great certificate rates.
All you need is $1,000 to open one of our standard certificates and you earn even more dividends if you achieve $10,000 or $100,000 balances.
Certificate Builder
We offer a Certificate Builder that helps our members who don't have the minimum $1,000 balance work their way towards saving for their future.
With just $50 you can open a Certificate Builder. You must also set up an automatic transfer or deposit for at least $50 each month. Once your Certificate Builder reaches $500, it will be transferred to a 12-month certificate to earn even more dividends. Certain restrictions and fees do apply, so consult your member disclosure packet for details.
To view our current certificate rates, click here.
For related information about share certificates, click any of the links below:
Holiday Savings Club
DNCU's Holiday Savings Club is a great way to get ready for the holidays. Saving is made simple with deposits that can be made via payroll deduction or automatic transfer — you specify the amount you want set aside each month. Plus, we help you save even more with a higher rate of interest.
During the first week of November of each year, earnings are deposited and account funds are disbursed to your DNCU share savings account — just in time for the holiday season.
To setup your Holiday Savings Club, visit any branch or contact DNCU's Member Service Center at (877) 818-DNCU.
IRA Certificates
DNCU's IRA Certificates work just like our Share Certificates, but provide the added advantage of tax-deferred dividends.
To be eligible for an IRA Certificate, you must have earned income in the current tax year and meet all IRS Individual Retirement Account eligibility requirements.
To learn more about IRA Certificates, talk to a Financial Service Advisor at any of our 6 branches, call (877)-818-DNCU, or consult your tax advisor.
Your IRA Certificate is also insured by the National Credit Union Administration up to $250,000.
IRA Share Accounts
DNCU offers Traditional, ROTH, and Education Savings IRAs. IRAs are tax-sheltered savings plans. Contributions may be deducted from taxable income. Consult your tax advisor for details.
To be eligible for an IRA Share Account, you must have earned income in the current tax year and meet all IRS Individual Retirement Account eligibility requirements.
To learn more about IRA Share Accounts, visit any Financial Service Advisor at any of our 6 branches, call (877) 818-DNCU, or consult your tax advisor.
Your IRA Certificate is also insured by the National Credit Union Administration up to $250,000.
To view our current IRA certificate rates, click here.
For related information about IRA Certificates, click on any of the links below.
- Rollover IRAs Put You in Control
- Roth IRAs: Right For You?
- 10 Steps to Creating a Financial Plan for a Secure Retirement
To learn more about saving towards your financial goals, click here.
For related information about saving, click any of the links below:
