Savings & Share Accounts
DEXSTA has several different savings options available:
- Regular Share Savings
- Share Draft (Checking)
- Holiday Clubs
- Special Savings
- Money Market Accounts
- Share Certificates
- Savings Bonds
The rates and conditions below are applicable to all of our accounts
at the Credit Union and are accurate as of the effective date. The Credit
Union reserves the right to amend this schedule. Each applicant agrees to
these terms at the time he or she becomes a member. Potential members or
members may receive disclosure forms at any time upon request.
Click here for current interest rates.
Savings Bonds Calculator and Information:
Rate Information and Nature of Dividends: Rates are subject to
change as determined by the Board of Directors. Dividends are paid from
available earnings. The Credit Union anticipates paying the dividend rates
on the table above. The APY (annual percentage yield) is a projected rate
that takes into consideration the effect monthly compounding has on the
Compounding and Crediting: All Dividends on the accounts listed
above will be compounded monthly. The dividend period will be the first of
each month to the last day of each month. Dividends are calculated on the
last day of each month and will be credited to your account on the last day
of the month.
Accrual of Dividends: Dividends begin to accrue on the day we
receive your deposit. If you close an account, dividends will be paid as of
Minimum Balance: DEXSTA FCU imposes no minimum balance requirements.
The Money Market account has a $5,000 minimum balance requirement to earn
dividends. $5 is always required in the share account as a condition of
Daily Balance Computation Method: DEXSTA FCU uses the daily balance
method to calculate dividends, which takes a daily periodic rate multiplied by
your account balance for each day.
Holiday Club: For this account, the entire balance will be transferred
to your share account on the First Banking Day in October, and the
account will remain open. If you withdraw any of the account balance at any time,
we will close your Holiday Club account and pay you the full balance. You may make
transfers or withdrawals in the first seven days after the account is opened
Money Market: This is not intended to be a transaction account. You may
make only three withdrawals of any kind from your money market account during any
month. The penalty indicated on the fee schedule will be
charged for any withdrawals beyond three. Share drafts will count as a withdrawal
during the month they clear the account. All Shares excluding Share
Drafts are limited to six total transactions per month by any
combination of: Overdraft transfers, ACH Debits, ATM / POS withdrawals, checks,
and transfers to other shares by home banking or phone, including Touch Tone
Additional Deposits: IRA and ESA certificates allow additional deposits such
as contributions, rollovers, and transfers throughout the certificate term.
Maturity Notices: Your certificate will renew automatically; you will receive
a maturity notice at least 10 days before it matures. Upon maturity, if we do not hear
from you, your certificate balance will renew at the current interest rate posted on
the Rate and Fee Schedule.
Non-transferable/Non-negotiable: Your account is non-transferable and
non-negotiable. The funds in your account may not be pledged to secure any obligation
of an owner, except obligations with DEXSTA.