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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

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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

Kasasa® Saver

A simple way to save more money no extra effort

  • 1.00% APY* on balances up to $50,000
  • .20% APY* on portion of the balance above $50,000
  • .01% APY* even if qualifications aren’t met
  • Links to your Kasasa Cash or Kasasa Cash Back checking for easy savings
  • No minimum balance requirement to earn the higher rate

No additional qualifications. Earn your Kasasa Cash or Kasasa Cash Back rewards and, congrats — you already qualify for a higher Kasasa Saver rate, no additional qualifications! And if you miss a month, don’t sweat it. You still earn a base-rate on your savings.

Open a Kasasa Saver Account

Holiday/Vacation Savings Account

Holidays and vacations don’t have to derail your financial security. Our holiday and vacation accounts let 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 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 05-31-2020
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 05-31-2020
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 05-31-2020
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.

*APY = Annual Percentage Yield. APYs accurate as of August 1, 2018. Rates and rewards are variable and may change after account is opened. A Kasasa Cash or Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. Balances up to $50,000 in the Kasasa Saver account receive an APY of 1.00% if required service qualifications in the Kasasa Cash or Cash Back account are met each monthly qualification cycle. Balances over $50,000 receive an APY of 0.20% on the portion of the balance above $50,000 if qualifications in the Kasasa Cash or Cash Back account are met each monthly qualification cycle. As a result, the APY for balances above $50,000 will range from 1.00% - 0.20% if qualifications in the Kasasa Cash or Cash Back account are met each monthly qualification cycle, depending on the balance in the account. When linked to the Kasasa Saver account, the dividends earned within the Kasasa Cash account does not compound since it is automatically transferred to the Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash account if the account’s balance is less than the transferred amount when transfer occurs. If qualifications in the Kasasa Cash or Cash Back account are not met, the APY will be 0.01% on all balances in the Kasasa Saver account. Monthly qualification cycle means the period beginning on the last day of the previous month and closing one (1) day prior to the last day of the current month. Contact one of our credit union service representatives for additional information, details, restrictions, processing limitations and enrollment instructions.

Accounts