DCECU’s Premium High Yield Account allows you to earn a highly competitive yield with a minimum daily balance of just $10,000. If the balance falls below this at anytime, 0% interest will be earned until the minimum balance is once again attained. When your account reaches $50,000, $100,000 or $150,000 the interest rate you earn will increase. If your balance drops back down, your rate will decrease. For any transactions involved with the Premium High Yield Account, a minimum $500 amount is required. This means that any withdrawal or deposit has to be at least $500 or more. Withdrawals are limited to 3 per month. Unlimited deposits of $500 or more are allowed. There is no penalty for closing a Premium Yield Account; however, you must wait six months before re-opening.

Unlike our regular Share Accounts, you will earn daily interest, not dividends, which gives you the advantage of knowing your investment rate. Your account will earn interest as long as the minimum balance is maintained. The interest paid is calculated on your account balance each day and is compounded quarterly. Interest rates may change from time to time as determined by the Credit Union.

Information specific to Coverdell Education Savings Premium High Yield Accounts:
• Withdrawals (including earnings) are tax-free for both qualified higher-education expenses and public or private K-12 education expenses, such as tuition, tutoring, room and board, and computer equipment.
• The maximum contribution is $2,000 per child, per year, depending on your income (consult your tax advisor).
• Funds can be transferred from one child's account to an account for another child in the family. (Certain restrictions apply)
• The account can be used in conjunction with the HOPE credit and Lifetime Learning credit, but not for the same expenses.

Opening an IRA can be initiated via any of the following methods:
• Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
• Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.

If you have any further comments or questions please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.

DCECU’s Premium High Yield Account allows you to earn a highly competitive yield with a minimum daily balance of just $10,000. If the balance falls below this at anytime, 0% interest will be earned until the minimum balance is once again attained. When your account reaches $50,000, $100,000 or $150,000 the interest rate you earn will increase. If your balance drops back down, your rate will decrease. For any transactions involved with the Premium High Yield Account, a minimum $500 amount is required. This means that any withdrawal or deposit has to be at least $500 or more. Withdrawals are limited to 3 per month. Unlimited deposits of $500 or more are allowed. There is no penalty for closing a Premium High Yield Account; however, you must wait six months before re-opening.

Unlike our regular Share Accounts, you will earn daily interest, not dividends, which gives you the advantage of knowing your investment rate. Your account will earn interest as long as the minimum balance is maintained. The interest paid is calculated on your account balance each day and is compounded quarterly. Interest rates may change from time to time as determined by the Credit Union.

Information specific to Traditional IRA Premium High Yield Accounts:
• Anyone under age 70 ½ who has income from compensation, or who is filing jointly with a spouse who earns compensation may contribute
• Contributions may be tax deductible
• Earnings grow tax-deferred until withdrawn

Opening an IRA can be initiated via any of the following methods:
• Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
• Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.