The mission of The District Credit Union is to help our members secure their financial future, and making investing easy and rewarding is a critical piece. Read on to learn about the investment options available to you.
Money Market Accounts
Our Money Market Accounts are available in four tiers, allowing you to invest at a level with which you feel comfortable (see table below). Dividends are paid monthly, and you are given six preauthorized drafts per month, making these investment accounts an especially flexible means of increasing your earning potential. You may make deposits into these accounts as often as you wish, with the confidence that your funds are federally insured to at least $250,000.00, backed by the full faith and credit of the National Credit Union Administration (NCUA). These accounts do not have a maturity date.
Withdrawals and Minimum Balance – The maximum withdrawal limit is three per month without a service charge. A withdrawal is considered any cash withdrawal, transfer of funds, or issuance of a check either by telephone or in-person. A $10.00 fee will be incurred for any withdrawal over three (to be posted at the end of each month). If your Money Market balance falls below $1,000.00, the rate will revert to the Regular Shares interest rate of 0.05%.
Our term-based Share Certificate Accounts pay higher dividends for a fixed period of time. With terms ranging from 3 months to 5 years and a low minimum opening balance of $500, this account is perfect for members who want to earn more dividends and don’t need immediate access to their funds. You may also build your savings with one of our Add-on Certificates, starting at as little as $100. Whether you are saving for something special or just want to earn higher rates, these accounts allow you to lock in a competitive rate and start saving today.
Share Certificate Calculator Use this calculator to find out how much interest you can earn on a Share Certificate.
Share Certificate Ladder Calculator Use this calculator to examine the benefits of investing in a series of Share Certificates with different maturities, also called a Share Certificate Ladder.
The District Credit Union offers Traditional, Roth and Coverdell IRA Savings Accounts to meet your individual needs, whether that’s saving for retirement or your child’s education. With the help of our outstanding interest rates, it’s never too late to begin thinking about your financial future.
Traditional IRA
Create a balanced, long-term savings plan. Contributions are deducted from your taxable income, reducing the amount of taxes you pay each year.
Roth IRA
Build a flexible retirement plan. Contributions are not deductible, but your earnings and distributions are tax-free. In some cases, you can even use the funds for college or your first home purchase.
Coverdell Education Savings Account
Start planning your child’s future today! This is a tax advantage savings account to cover your child’s education expenses.
To learn more about what investments make the most sense for you, as well as how to manage your current investments, please check out our free education center.
Share Certificate Calculators
Share Certificate Calculator Use this calculator to find out how much interest you can earn on a Share Certificate.
Share Certificate Ladder Calculator Use this calculator to examine the benefits of investing in a series of Share Certificates with different maturities, also called a Share Certificate Ladder.
Rates are effective September 1, 2023 and are subject to change without advanced notice.
Description
Rate
APY
Minimum Amount
Money Market Shares I
0.60%
0.60%
$1,000.00- 9,999.99
Money Market Shares II
0.60%
0.60%
$10,000.00-24,999.99
Money Market Shares III
0.70%
0.70%
$25,000-49,999,99
Money Market Shares IV
0.85%
0.85%
$50,000 +
Money Market Requirements
Minimum Balance – Balance must be kept above $1,000.00 to maintain current money market rate. If the Money Market balance falls below $1,000.00, the rate will revert to the Regular Share Interest Rate.
Withdrawals – The Maximum withdrawal limit is three per month without a service charge. A withdrawal is considered any cash withdrawal, transfer of funds or issuance of a check either by telephone or in person.
Charges – A $10.00 fee will be incurred for any withdrawal over three. This charge will be posted at the end of each month.
APY=Annual Percentage Yield. Various fees may reduce the earnings on accounts.
Rates are effective September 1, 2023 and are subject to change without advanced notice.
Description
Rate
APY
Minimum Amount
3 Month Certificate
0.10%
0.10%
$500.00
6 Month Certificate
1.933%
1.95%
$500.00
6 Month Add-on Certificate
1.933%
1.95%
$100.00
12 Month Certificate
1.982%
2.00%
$500.00
18 Month Certificate
2.031%
2.05%
$500.00
24 Month Certificate
2.080%
2.10%
$500.00
24 Month Add-on Certificate
2.080%
2.10%
$100.00
30 Month Certificate
2.129%
2.15%
$500.00
36 Month Certificate
2.178%
2.20%
$500.00
48 Month Certificate
2.276%
2.30%
$500.00
60 Month Certificate
2.423%
2.45%
$500.00
Rates are evaluated by the Board of Directors and are subject to change without notice. Dividends are compounded daily and credited monthly. Certificates are automatically renewed to the Share Savings account upon maturity. Options for receiving dividends are available. All certificates are subject to early withdrawal penalties. Penalty for early withdrawal: Terms less than 12 months – 90 days dividends; 12 to less than 24 months – 180 days dividends; 24 to less than 48 months – 360 days dividends; 48 months or greater – 720 days dividends. APY=Annual Percentage Yield. Various fees may reduce the earnings on accounts.
Rates are effective September 1, 2023 and are subject to change without advanced notice.
Description
Rate
APY
Minimum Amount
6 Month Certificate
2.080%
2.10%
$50000.00
12 Month Certificate
2.129%
2.15%
$50000.00
24 Month Certificate
2.227%
2.25%
$50000.00
36 Month Certificate
2.335%
2.35%
$50000.00
48 Month Certificate
2.423%
2.45%
$50000.00
60 Month Certificate
2.570%
2.60%
$50000.00
Rates are evaluated by the Board of Directors and are subject to change without notice. Dividends are compounded daily and credited monthly. Certificates are automatically renewed to the Share Savings account upon maturity. Options for receiving dividends are available. All certificates are subject to early withdrawal penalties. Penalty for early withdrawal: Terms less than 12 months – 90 days dividends; 12 to less than 24 months – 180 days dividends; 24 to less than 48 months – 360 days dividends; 48 months or greater – 720 days dividends. APY=Annual Percentage Yield. Various fees may reduce the earnings on accounts.
Traditional IRA and ROTH IRA Term Certificate Rates
Rates are effective September 1, 2023 and are subject to change without advanced notice.
Description
Rate
APY
Minimum Amount
12 Month Certificate
1.982%
2.00%
$500.00
24 Month Certificate
2.080%
2.10%
$500.00
36 Month Certificate
2.178%
2.20%
$500.00
48 Month Certificate
2.276%
2.30%
$500.00
60 Month Certificate
2.423%
2.45%
$500.00
Rates are evaluated by the Board of Directors and are subject to change without notice. Dividends are compounded daily and credited monthly. Certificates are automatically renewed to the Share Savings account upon maturity. Options for receiving dividends are available. All certificates are subject to early withdrawal penalties. Penalty for early withdrawal: Terms less than 12 months – 90 days dividends; 12 to less than 24 months – 180 days dividends; 24 to less than 48 months – 360 days dividends; 48 months or greater – 720 days dividends. APY=Annual Percentage Yield. Various fees may reduce the earnings on accounts.
