Savings

Open an Account Now

It’s easy to open a savings account at Direct Federal. Simply select the type of savings product and ownership you want, and you will be provided an application. Fill out, print out, and sign the application at the bottom. Send it along with your deposit to Direct Federal at the address indicated on the application.

• CD Account
• Money Market Account
• IRA
• Savings Account

CD Account

• Individual: Select this ownership type if you will only have one owner on the account. Apply now.
• Joint: Select this ownership type if you will have two owners on the account. Apply now.
• Trust: Revocable Trust, Irrevocable Trust, or Totten Trust. Apply Now.
• Fiduciary: Uniform Transfers to Minors Act, Estate Account, or Guardianship. Apply Now.
• Coverdell Education: Select this ownership type if the account is covered under the Coverdell Education Savings Account established by the US government for the purpose of saving for a child’s education. Apply Now. Click here for more information on Coverdell Education.

Money Market Account

• Individual: Select this ownership type if you will only have one owner on the account. Apply now.
• Joint: Select this ownership type if you will have two owners on the account. Apply now.
• Trust: Revocable Trust, Irrevocable Trust, or Totten Trust. Apply Now.
• Fiduciary: Uniform Transfers to Minors Act, Estate Account, or Guardianship. Apply Now.

IRA Account

• Open an IRA account now.

Savings Account

• Individual: Select this ownership type if you will only have one owner on the account. Apply now.
• Joint: Select this ownership type if you will have two owners on the account. Apply now.
• Trust: Revocable Trust, Irrevocable Trust, or Totten Trust. Apply Now.
• Fiduciary: Uniform Transfers to Minors Act, Estate Account, or Guardianship. Apply Now.
• Coverdell Education: Select this ownership type if the account is covered under the Coverdell Education Savings Account established by the US government for the purpose of saving for a child’s education. Apply Now. Click here for more information on Coverdell Education.

 

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