When
you become a
member
of the credit union a Regular Share/Savings Account is opened in
your name. A Regular Share/Savings Account is a traditional dividend
bearing savings account. All members must maintain a $5 balance
in their savings account to remain a member, and demonstrate regular
activity in their account to keep it open.
Other features of
Regular Savings include:
- Account balances
earn competitive dividend rates.
- Unlimited
withdrawals and deposits.
- Offers Overdraft
Protection service linked to a Share Draft/Checking Account.
- You may automatically
deposit funds into your account through Payroll Deduction
or Direct Deposit.
- You may
withdraw money or transfer funds to or from your Regular Share/Savings
Account in a number of ways: stop by the credit union, use an
ATM terminal, utilize our free online banking service, or use
our 24-Hour Telephone Teller service.
- ATM
cards available specifically for Regular Share/Savings
Account.
- Free
Life Savings Insurance is provided on share deposits
up to a maximum of $2,000 (The amount of life insurance depends
on the member's age and account balance at the time the money
is deposited.)
- Funds are
insured by the National Credit Union Administration (NCUA) up
to $250,000. Funds in retirement accounts are insured up
to an additional $250,000.
- Account can
be owned jointly.
- Members receive
quarterly account statements by mail.
If
you have any other questions about Regular Share/Savings Accounts
at DOCO Regional FCU, please contact
us .
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