Grow Checking from DCCU pays you dividends when you use your debit card each month. Ideal for members who prefer to use their debit card and enjoy eStatements, benefits of a Grow account (with eStatements) include:
- Opportunity to earn dividends each month (up to 1.76% APY on deposits up to $25,000)
- Free Bill Payer ($6 monthly savings)
- DCCU's Foreign ATM fee is waived ($0.50 savings per transaction)
- Rewards Dashboard in Online Banking
The amount of dividends you earn each month depends upon how many times you use your DCCU Grow debit card:
| Tier |
Account Balance |
Dividend Rate |
APY* |
# of Debit Card Transactions per Month |
$ Amount of Debit Card Purchases per Month |
eStatements |
Nationwide ATM Refunds |
| 2 |
$25,000 and under |
1.75% |
1.76% |
15 |
More than $250 |
✔ |
10 refunds, up to $5 per refund |
| 2 |
$25,000.01 and above |
0.00% |
0.00% to 1.76% |
15 |
More than $250 |
✔ |
10 refunds, up to $5 per refund |
| 1 |
$25,000 and under |
0.50% |
0.50% |
10 |
— |
✔ |
10 refunds, up to $5 per refund |
| 1 |
$25,000.01 and above |
0.00% |
0.00% to 0.50% |
10 |
— |
✔ |
10 refunds, up to $5 per refund |
| Base |
— |
0.00% |
0.00% |
— |
— |
— |
10 refunds, up to $5 per refund |
The Grow Checking accounts are tiered rate accounts. Tiers are based on account balance and activity. If activity requirements for Tier 1 or Tier 2 are not met, any balance earns the dividend rate and APY for the Base Tier. Grow Checking Tier 1 Accounts are Grow Checking accounts with 10 or more debit transactions during a calendar month (as determined at the end of each calendar month) and enrolled in eStatements. Grow Checking Tier 1 Accounts may earn a dividend on all balances up to and including $25,000.00. Grow Checking Tier 1 Account balances over $25,000.00 earn the dividend rate for the Base Tier. Grow Checking Tier 2 Accounts are Grow Checking accounts with 15 or more debit transactions with net purchases totaling at least $250.00 during a calendar month (as determined at the end of each calendar month) and enrolled in eStatements. Grow Checking Tier 2 Accounts may earn a dividend on all balances up to and including $25,000.00. Grow Checking Tier 2 Account balances over $25,000.00 earn the dividend rate for the Base Tier. Because of the blended rate structure of Tier 1 and Tier 2 Accounts with balances exceeding $25,000.00, the APY varies depending on the balance. For the sake of calculating APY, if the account balance exceeds $25,000.00 or compounded dividends cause the balance to exceed $25,000.00, the APY is determined on a multi-tiered basis with the rate applicable to the amount up to $25,000.00 as set forth above being applied to that balance and the Base Tier rate being applied to the amount of the balance exceeding $25,000.00. Thus, increased balances may have decreased yields. For example; a Tier 2 Account with a balance of $30,000.00 will have an APY of 1.46% and a Tier 2 Account with a balance of $100,000.00 will have an APY of 0.44%. A Grow Checking Account which satisfies the requirements for both Tier 1 and Tier 2 Accounts will be deemed a Tier 2 Account. Net purchases are all of your debit card purchases minus all refunds, Cash-Back, or credit transactions to your debit card number within the calendar month. Up to 10 free nationwide ATM withdrawals per year ($5.00 maximum per ATM refund). Grow Checking accounts are limited to one per primary member and to personal accounts only.
If you don’t typically keep a large balance in your checking account but definitely love using your debit card, then our Rewards account may be the better option for you. In addition to the benefits outlined above, benefits of a Rewards account include: