Savings

Regular Savings
This is the primary account every member must have to be considered a member of the Credit Union. The only exception to this requirement is having an Insured Money Market account or a Share Certificate. The member must keep $5.00 on deposit in this account at all times. This is a dividend bearing account with dividends calculated on daily balance, compounded daily and paid quarterly.
Regular Share.995% Stated Rate 1.00% Annual Percentage Yield ($5 Minimum)


Christmas Club Back to top
Plan ahead for the Christmas shopping season by starting a Christmas Club account. You can make regular deposits throughout the year even through payroll deduction. Deposits can be made at any time, in any amount. The members have several disbursement options. Funds may be sent to the member by check, transferred to another account, or left in the account to be withdrawn at anytime. Christmas Club earns the regular share dividend rate.

Vacation Club Back to top
Cruise the Caribbean, relax on the beach, hike the Grand Canyon or visit the in-laws. Whatever your vacation plans are, this account provides you with a way to save for your vacation. Vacation Club earns the regular share dividend rate and withdrawals can be made at whatever time of year you choose.

Insured Money Market Accounts Back to top
This special savings account is designed for those members who want a higher rate of return without tying up their money in a share certificate. The minimum balance is $2,500 to earn dividends. Dividends are compounded daily and paid quarterly.
Ins. Money Market 1.29% Stated Rate 1.30% Annual Percentage Yield ($2,500 Minimum)
1.49% Stated Rate 1.50% Annual Percentage Yield ($20,000 Minimum)
2.71% Stated Rate 2.75% Annual Percentage Yield ($50,000 Minimum)




Share Certificates Rates Back to top
These accounts are semi-liquid, limited access accounts. The member may make unlimited withdrawals or transfers each month of their dividends without a penalty. There is a dividend forfeiture for principal monies withdrawn prior to the maturity of the share certificate. terms available range from 6 months to 72 months. $500 minimum investment for new certificates.

Individual Retirement Accounts Rates Back to top
IRA's offer handsome returns to help build your retirement fund. Dividends earned can be tax-free, and you may be able to deduct current IRA contributions. No custodial fees are charged, and payroll deduction can be used to make deposits.

IRA's can be invested in higher yield Share Certificates which usually earn more than conventional accounts, making this a solid choice for your future. The Dover - Phila Federal Credit Union offers Traditional and Roth IRA's as well as the new Educational IRA.

Rates Back to top