Savings

With your $25 minimum deposit to a Share Savings Account you become a member-owner of DCCU, entitled to take advantage of all the benefits, products and services available to our members. Maintaining a $25 balance in your Share Savings Account represents your SHARE in the Credit Union.

Choose from any of the savings account options on the tabs above to make saving easy!

To open an account click here, or contact us.

Accurate as of: 06/06/2013
Rates subject to change without notice.

1 APR = Annual Percentage Rate

2 APY = Annual Percentage Yield

Type Features APR 1 APY 2
Savings Minimum Balance of $25 0.15% 0.15%


When you have money that you want to earn a higher return than a simple savings account but want access whenever you need it, a Money Market Account may be your best option.

  • $1,000 minimum balance required to earn dividends
  • No monthly fee
  • Earns dividends – computed daily, paid monthly
  • 6 withdrawals per month penalty free
  • $100 minimum withdrawal

For money that you won’t need for a period of time, it is usually invested in Certificates (also call CDs). You choose the term based on when you’ll need your funds and/or what rate of return you’d like to earn.

  • $500 minimum required to open a certificate
  • Terms: 6-months, 18-months, 1, 2, 2½, 3, 4, & 5 years
  • Dividends compounded monthly and paid monthly
  • Choose to have dividends posted to your account or compounded to your certificate
  • Automatic renewal
  • Early withdrawal penalty:
    Terms 6 mos,1 yr, 18 mos. = 3 month’ dividends whether earned or not
    Terms 2 yrs – 5 yrs = 6 month’ dividends whether earned or not

Thinking about retirement? There is no better time than the present to start saving or to make additional contributions for your retirement. Tax season is a great time to save for retirement as your contributions may be tax deductible*. Start saving today and open one of our IRA Certificates. Our IRA Certificates provide:

  • Greater earnings through a higher dividend rate
  • Peace of mind knowing that your retirement funds will earn a constant rate
  • Security knowing that your funds are federally insured by the NCUA
  • Opening an IRA Certificate is a win-win situation. Not only are you getting the best rates in town, but you also have the possibility of tax advantages*
  • Traditional, Roth, and Coverdell (Education) IRA accounts are available to assist with retirement planning. These are ideal choices if you’re rolling over a plan from an employer.

There are two IRA investment plans:
IRA Savings
Balances up to $999 earn dividends higher than regular savings rate
Balances above $1,000 earn slightly higher rate than IRAs up to $999

IRA Certificates
$1,000 minimum to open
Terms: 1, 2, 2½, 3, 4, & 5 year
Automatic renewal
Earns dividends
Early withdrawal penalties may apply

*Please check with your tax advisor as tax advantages may apply.


Health care costs are increasing annually. One option gaining popularity to manage health-related expenses is opting for a High Deductible Health Plan (HDHP). One then qualifies for a Health Savings Accounts (HSAs) to use to save for future qualified medical and retiree health expenses on a tax-free basis.

How does it work?

Saves Time – You own the account, so it goes where you go, regardless of any job changes. Also, you can contribute at any time during the year and your balance rolls over from year to year.

Saves Money – Your ability to deduct your contributions and the tax deferral of account earnings enable you to build your account. High health insurance policy deductibles mean lower premiums.

Protects Your Money – You will have an opportunity to save money to pay high or unexpected medical bills.

Click here to visit the United States Department of the Treasury site to find out if a
Health Savings Account is right for you.

Click on the Details tab above to learn which accounts can be used as an HSA.


“Club” Accounts are savings accounts that you can open to help save for specific a purpose you choose:

  • Emergency fund (it’s good to have one)
  • Taxes
  • Down payment (new car or house)
  • Vacation
  • Birthdays/Anniversaries


Christmas Club
Many members value the benefit of saving throughout the year for holiday expenses instead of racking up debt every December. Systematic deposits can be made by payroll deduction, automatic transfer, via Online Banking, by mail, or in person. This makes saving for that special time of year effortless.

The total balance (including dividends and initial deposit) will be deposited every October 1st into the account you designate at opening. The payout on this date is mandatory.


140 Lucy Lane P.O. Box 1365, Waynesboro, VA 22980


Federally insured by NCUA