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Regular SavingsRegular Savings Accounts at DFDFCU are called "Share/Savings Accounts". The share/savings account is referred to as your “share” account because every member has one ownership “share” in the Credit Union. Your ownership "share" of DFDFCU begins when you open a share/savings account and deposit a minimum of $25.00. Member accounts are insured to at least $250,000 by the National Credit Union Share Insurance Fund. Dividend earnings on share/savings accounts are determined using the average daily balance method which applies a periodic rate to the average daily balance in the account compounding and crediting the account on a monthly basis. Members should review the Truth in Savings disclosures for all dividend payment agreements Money Market AccountsLooking to get a higher return on a secure investment? Money Markets offer a higher return than a regular savings account, but allow you more access to your funds than other investment alternatives. A Money Market Account is an ideal investment option for your portfolio, protecting against the ups and downs of the stock market and mutual funds.
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IRA Options Traditional vs. Roth |
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Transfers, Rollovers, and Conversions |
Health Savings Accounts
A DFDFCU Health Savings Account (HSA) is an alternative way to save for medical expenses and pay for health care costs. If your insurance policy is a High Deductible Health Plan (often referred to as an HDHP), you can save for qualified medical expenses-doctor visits, prescriptions, dental care and more-and do it tax-free.*
Key Features
- No account set-up fee or monthly fee
- Interest earning account starting at $0
- Tax –deductible contributions
- Withdrawals for qualified medical expenses and dividends are both tax-free
- No annual spending requirement
- Debit card for easy payment
What you need to open a new HSA
- Current health plan details (Provider Name, Deductible Amount, Policy Effective Date)
- Beneficiary information (Name, Address, Social Security Number or Date of Birth)
- Certain conditions must be met before a Health Savings Account (HSA) can be opened. Please check with the Internal Revenue Service for specific questions and details.
What do you need to rollover or transfer an existing HSA?
- Name of originating institution
- Any related account numbers
*Information on this page is not intended as tax advice. Please consult your tax advisor for information specific to your situation. Contribution limits and High Deductible Health Plan limits are revised each year to reflect cost-of-living increases.
*Account qualifications apply. Reference the Membership Agreement and Disclosures document for additional account information. Additional fees may apply to the checking account based on usage and account balance. Please review DFDFCU’s Fee Schedule for additional information. Any dividend rates disclosed for a checking account are disclosed in APY – Annual Percentage Yield
*Additional fees may apply to the closing of a Certificate of Deposit. Early withdrawal penalties may apply. Deposits into and withdrawals from Individual Retirement accounts may have significant tax implications. A tax advisor should be contacted prior to making transactions in and out of an Individual Retirement Account. The Money Market Account has a $5,000 minimum balance for eligibility to earn the posted rate. If the Money Market Account balance falls under $5,000 at any time during the month, the account will only earn a rate equal to the Share Savings Rate. Any dividend rates disclosed for a certificate of deposit, IRA account or Money Market Account are disclosed in APY – Annual Percentage Yield. Additional fees may apply to Certificates of Deposit, Money Market and IRA accounts based on usage and account balance. Please review DFDFCU’s Fee Schedule for additional information.
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