Online Banking
Our Kasasa Cash & Cashback rates are now higher than ever before!
4.00% APY*
get started
Savings
Democracy Share Saving Account
In a credit union, the funds in your savings account are shares that typically provide you with higher interest rates than a bank, helping you accumulate more money over the years. At Democracy Federal Credit Union, any savings account over $100 will earn a 0.10% dividend rate.
- $5 minimum deposit to open an account and become a member
- $10 Membership Fee
- Share secured loans let you borrow against your savings
- FREE -- Funds Federally Insured by NCUA up to $250,000
- FREE – Excess Share Insurance provides an Additional $250,000 in Coverage
Money Market
High dividends on credit union savings accounts denote a higher return on the funds deposited. They are a reflection of the credit union's earnings, which are distributed back to the members.
Democracy FCU’s money market services is just one of the ways that credit unions can help you save. You’ll enjoy the benefits of six withdrawals each month, writing checks, and high dividends for ample rewards.
Our credit union offers only the best for our members. That’s why you don’t have to worry about the risk of uninsured Money Market Mutual Fund Investments. Plus, write up to six checks a month.
Holiday/Vacation Savings Account
Holidays and vacations don't have to derail your financial security. Our holiday and vacation accounts let you enjoy the season without piling up debt. You can decide how much to deposit and when, ensuring the money you need is already stored in savings. By opening a vacation savings account with us, you’ll earn a 0.15% dividend rate for any account balance over $100.
- Earn daily dividends on balances over $100, paid and compounded quarterly
- Payroll deductions can deposit funds automatically
- Funds can be automatically transferred into your savings or checking account
- You decide how much to save each month and how many months you want to save for
IRA Savings
Retirement will be here before you know it. No matter how young you look or feel, today is a great day to start saving.
IRA Savings or Individual Retirement Accounts are credit union saving services offered to secure your financial future. Whether you’re interested in the Traditional IRA, Roth IRA, or Rollover IRA account, Democracy Federal Credit Union is ready to help.
Call us to speak to a representative or click below to get more information about your options.
Special Accounts
Our Custodial Account allows an adult to save money for a child. This is a great way to put aside money for a college fund or other future needs. The child cannot access the funds until they turn 18 or 21 (depending on the account structure), at which point control goes to the child. Contact us to learn more about the interest rates and details of our custodial accounts.
Frequently Asked Questions
