Providing a truly safe place to save money was a fundamental reason for establishing this Credit Union over a half-century ago. Back in 1942, members could only save small amounts at a time, and were not encouraged to do so by other financial institutions. The Credit Union welcomed these savers then, as it still does today, because all funds, small or large, are necessary to support a growing demand for loans by an expanding membership.

Every savings account at Downriver Community Federal Credit Union is Federally Insured up to $100,000 by the National Credit Union Share Insurance Fund. This fund an independent agency of the federal government, also insures credit union IRAs up to $100,000. Our extensive array of savings accounts is certain to meet your saving plans.

To encourage saving, the Credit Union has developed a broad selection of safe savings options. They are:

This is our basic Savings Account required for all members. A minimum balance of $5.00 is required for this account that entitles you to membership at Downriver Community Federal Credit Union. While dividends are paid quarterly, they cannot by law be guaranteed ahead of time, but must be declared by the Board of Directors based upon that quarters earnings.

Rate: 2.75%   APY**: 2.77%

Special Savings earns daily dividends, paid quarterly, with no minimum balance. This special savings account can be created for any special purpose.

Rate: 2.75%   APY** 2.77%

A Christmas Club account is a great way to save for your holiday purchases and can be opened any time during the year. Members earn a regular dividend while accumulating funds through payroll deduction or deposits in person. In October each year, funds and earnings are made available, just in time for the Christmas shopping season. No minimum balance is required. Earns daily dividends that are paid quarterly.

Rate: 2.75%   APY** 2.77%

A special opportunity to earn a higher than average daily rate, and still enjoy complete liquidity and access to your funds at all times. Interest compounds daily and is paid monthly. A minimum balance of $2000 is required to earn dividends. Withdrawals of less than $500 are subject to a $5 fee.

Rate: 3.00%   APY**3.045%

Downriver Community Federal Credit Union checking account offers exceptional value and convenience. Here are some features for you to consider:

Your Credit Union pays dividends on your checking account.

No minimum balance requirements.

No monthly service charge

No per check charge

Monthly statements are FREE

No need to handle canceled checks

Overdraft protection

Automatic payment of recurring obligations

Direct deposit

Rate: 2.25%   APY*: 2.26%

Consistently competitive rates for terms of 6 months to 36 months with minimum deposits of $2,000. Interest is paid monthly and may be left to compound, or deposited to checking or money market accounts. The same options hold true for principal at maturity. Early withdrawal from any certificate may incur a dividend penalty.