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 1.51% 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 |
1.50% |
1.51% |
15 |
More than $250 |
✔ |
10 refunds, up to $5 per refund |
2 |
$25,000.01 and above |
0.00% |
0.00% to 1.51% |
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 1.25% and a Tier 2 Account with a balance of $100,000.00 will have an APY of 0.38%. 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.