Dow Chemical Employees’ Credit Union

 
 

DCECU Savings/Share Accounts

You'll find a variety of savings options at DCECU. Whether it's for planned expenses down the road or a nest egg for a secure future, you will find that investing at DCECU will help you meet your financial goals.

Prime Share (Savings)

The Primary Share Account at DCECU is much more than a savings account. When you open a Share Deposit Account with a minimum deposit of just $5.00, you are buying one share in Dow Chemical Employees’ Credit Union, and this makes you a part owner of your Credit Union.

Once you establish a Share Deposit Account at DCECU, you are eligible* for all the services and benefits we have to offer. Click here to see if you qualify for membership.

* Some restrictions may apply.

back to topSecondary Share (Savings)

In addition to our Prime Share accounts, we offer a Secondary Share Account. This account offers the same dividend rate as the Prime Share account and does not require a minimum balance. You can also select a personalized name for your Secondary Share account. A Secondary Share account can be used to save for vacations, taxes, college, emergencies and much more!

back to topClub Account

Our Club Account is a great way to save for holiday or other scheduled expenses.

There is no minimum balance required to open a Club Account.

You may make deposits into your account at any time prior to the maturity date you’ve specified. The minimum amount you may deposit is an average of $2.00 per week. After the account is opened, you may not withdraw funds from the account without penalty. Penalty will equal all of the accrued interest on this account.

Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Interest plus principal will be credited annually upon maturity and transferred to your Share or Share Draft account, whichever you choose. This account will then renew automatically for the following year. If you close your Club Account prior to this maturity date, you will not receive the accrued interest.

Opening a Club Account can be initiated by calling our Member Contact Center, visiting our Account Services Department, or by completing and printing the application below.




back to topHigh Yield Deposit

The key to any investment strategy lies in finding investments that offer a good rate of return with little or no risk. At DCECU, we have an investment that fits the bill. Our High Yield Deposit Account is perfect for members who want a safe investment with higher earnings than regular share accounts and greater liquidity than CDs.

The minimum balance for the High Yield Account is $2,500. If the balance falls below this at anytime, 0% interest will be earned until the minimum balance is once again attained. You may deposit as often as you wish to this account. You may also make up to six withdrawals of $500 or more per month. (For the first three withdrawals per month, there is no charge.) There is no penalty for closing a High Yield Account.

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.

Opening a High Yield account can be initiated by calling our Member Contact Center, visiting our Account Services Department, or by completing and printing the application below.




back to topPremium High Yield Deposit

Would you like to earn more interest? Then a Premium High Yield Account might be right for you. Our Premium High Yield Account offers you both high rates and flexibility. The rates are based on account balance, so the more you save, the more you earn!

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. You may deposit as often as you wish to this account. You may also make up to six withdrawals of $500 or more per month. (For the first three withdrawals per month, there is no charge.) There is no penalty for closing a Premium High Yield Account.

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.

Opening a Premium High Yield Account can be initiated by calling our Member Contact Center, visiting our Account Services Department, or by completing and printing the application below.




back to topCertificates of Deposit

Our Certificates of Deposit (CDs) earn a fixed rate of interest over the entire period of the investment. The principal for the account is deposited when the CD is established. The minimum deposit for a CD is $1,000 per certificate.

Interest on CDs is accrued daily and compounded or paid monthly. Invested principal, or interest earned, once compounded, may not be withdrawn from CD accounts prior to the maturity of the term. If an early withdrawal must be made, the entire balance must be withdrawn and an early withdrawal penalty may be assessed. Early withdrawal penalties include forfeiture of a set number of days interest on the entire principal balance as determined by the term length of the certificate.

Term Lengths DCECU CD HSA CD Early Withdrawal Penalty (Interest)
6 months   90 days
12 months 180 days
18 months   180 days
24 months 180 days
36 months 180 days
48 months   240 days

Note: No early withdrawal penalty will be assessed if the principal is withdrawn due to the death of any joint party to the certificate.

Opening a Certificate of Deposit can be initiated by calling our Member Contact Center, visiting our Account Services Department, or by completing and printing the application below.




back to topFamilyMint™

DCECU is proud to offer our members FamilyMint™, the award winning online money management application that is helping parents raise money-smart kids, and helping busy families be smarter about money.

FamilyMint™ is the modern replacement for the piggy bank as well as an introduction to online banking, designed to start forming the right financial behaviors in an interactive, fun and simple way while emphasizing the importance of saving, setting and achieving goals.

To sign up for FamilyMint™, or to learn more, please visit the FamilyMint™ website.

back to topThe SavingZone Kidz Club

Members age 12 and under are automatically enrolled in The SavingZone Kidz Club when they open a new savings account at DCECU. As a member of The SavingZone Kidz Club, kids have the opportunity to save money, play games and receive gifts. The SavingZone Kidz Club is a great teaching tool for parents and children.

To join, parents must open a Savings Account jointly with their child. There is a required minimum deposit of $5.00. Opening an account can be initiated by calling our Member Contact Center or visiting our Account Services Department.

At account opening, The SavingZone Kidz Club members receive:

  • Membership card
  • Passbook
  • A savings card, which will be stamped* every time a deposit is made to the account. After the card is full, they'll receive a special gift.

*One stamp per visit