Savings

A Share Savings account establishes you as a member/owner of Democracy FCU. We exist solely to provide affordable financial services to our members, including highly competitive rates on loan and investment products.

Become a Member

Democracy Share Saving Account 

  • $5 minimum deposit to open an account and become a member in Democracy FCU
  • $10 Membership Fee
  • Share secured loans let you borrow against your savings
  • FREE -- Funds Federally Insured by NCUA up to $250,000
  • FREE – Excess Share Insurance provides an Additional $250,000 in Coverage

If you need an investment account with a checking option check out our Money Management Account.

Open a Share Savings Account       View Rates

Holiday Savings Account

Holidays don’t have to derail your financial security. A Holiday Savings account lets you enjoy the season without piling up debt.

  • Earn daily dividends on balances over $100, paid and compounded quarterly
  • Payroll deductions can deposit funds automatically
  • Funds are automatically transferred into your savings or checking account on the first business day in November
  • You decide how much to save each month

Open a Holiday Savings Account       View Rates

Vacation Savings Account

Start saving now for your next getaway. There's no maturity date so you can vacation when you need it most.

  • Earn daily dividends on balances over $100, paid and compounded quarterly
  • Payroll deductions can deposit funds automatically
  • Funds can be automatically transferred into your savings or checking account on the date of your choosing
  • You decide how much to save each month

Open a Vacation Savings Account       View Rates

Special Needs Accounts

Our Special Needs Savings Accounts help manage funds for estate planning and inheritance.

Custodial Accounts: Our Custodial Account allows an adult to save money for a child until the child turns 18 or 21 (depending on account structure); control goes to the child when he or she comes of age.

Estate Accounts: An Estate Account separates funds outside your personal account from those of a deceased joint owner; taxable under the estate’s Tax ID number.

Revocable Trust: Assets in Revocable Trust accounts are transferred to heirs automatically at the time of death; avoids probate and makes funds available fast.

Share Savings Rates

Table data for Savings Accounts
 Effective 04-23-2018
APR APY Min. Deposit Min. Balance Comments Alert Me
Regular Share 0.00% 0.00% $5.00 $5.00 Balances of less than $100.00
Regular Share 0.05% 0.05% $5.00 $5.00 Balances of $100.00 and over
Primary membership account required to join. The dividend rate is equal to the annual percentage rate for all savings accounts. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Dividends are calculated on a daily basis on all accounts and are paid quarterly.Fees may reduce earnings on the accounts.

Holiday Share Savings Rates

Table data for Holiday Savings Accounts
 Effective 04-23-2018
APR APY Comments Alert Me
Holiday Share 0.00% 0.00% Balances of less than $100
Holiday Share 0.15% 0.15% Balances of $100.00 and over
No minimum deposit, minimum balance, or minimum additional deposits. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts.

Vacation Share Savings Rates

Table data for Vacation Savings Accounts
 Effective 04-23-2018
APR APY Comments Alert Me
Vacation Share 0.00% 0.00% Balances of less than $100.00
Vacation Share 0.15% 0.15% Balances of $100.00 and over
No minimum deposit, minimum balance, or minimum additional deposits. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts.