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Democracy Share Saving Account 

  • $5 minimum deposit to open an account and become a member
  • $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

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
  • You decide how much to save each month and how many months you want to save for

Kasasa® Saver and more!

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.

IRA Savings

Retirement will be here before you know it. No matter how young you look or feel, today is a great day to start saving.

IRA Savings or Individual Retirement Accounts are credit union saving services offered to secure your financial future. Whether you’re interested in the Traditional IRA, Roth IRA, or Rollover IRA account, Democracy Federal Credit Union is ready to help. 

Call us to speak to a representative or click below to get more information about your options.

Special Accounts

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.

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

Related Products and Services

Why get a savings account at Democracy FCU?

A share savings account is an excellent way to save and earn money over the years. Democracy Federal Credit Union only requires you to deposit at least $5 and make a $10 membership fee. After this, you’ll have your money in a secured account, and you can use it as needed.

Why Have a Share Savings Account?
In a credit union, the funds in your savings account are shares that typically provide you with higher interest rates than a bank. As a result, you accumulate more money over the years. Anyone can have a savings account. At Democracy Federal Credit Union, any savings account over $100 will earn a 0.10% dividend rate.

Many parents open custodial savings accounts for their kids; that way, their children will have money once they’re older. In this type of savings account, the child cannot access the funds until they turn 18 or 21. This is a great way to put aside money for a college fund. If you’re interested, contact us to learn more about the interest rates of custodial accounts.

Why Have a Vacation Savings Account?
With a holiday savings account, you can decide how much to deposit and when. Many induvial open this type of account to save extra cash around the holidays or for vacations. With this type of savings account, you’ll have the money you need already stored in savings. In addition, by opening a vacation savings account at Democracy Federal Credit Union, you’ll earn a 0.15% dividend rate for any account over $100.

Open an Account at a Reputable Credit Union

Democracy Federal Credit Union offers great rates for share savings accounts, and all our customers can also take out a shared secured loan if they need to borrow against savings. Money is important, and you should open your account at a credit union that’s passionate about its members.

Contact Us We proudly serve the people of Washington, DC, as well as parts of Maryland and Northern Virginia. Don’t hesitate to reach out if you have any questions about opening an account. We’re always happy to provide financial education to our members.