Savings Account

Secure your financial future with our Savings Account. Your gateway to smart saving and personalized service.
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Welcome to Smart Saving

Our Savings Account is more than just a place to stash your cash. It's your key to a brighter financial future.
  • No-Cost Membership: Opening a savings account establishes your membership at Direct Federal Credit Union.
  • Unlock Savings: Your Direct Federal Credit Union savings account unlocks exclusive membership rates.
  • Digital Banking: Modern banking for the tech-savvy world.
  • Personalized Service: Benefit from personalized assistance from our knowledgeable staff.
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Savings Accounts

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Speak with our Relationship Banking Team

Our relationship bankers are here to help you take the first step.

Glossary

Federally Insured by the NCUA

The National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members' deposits in federally insured credit unions. Each credit union member has at least $250,000 in total coverage. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000.

Additionally, a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund also separately protects members’ IRA and KEOGH retirement accounts up to $250,000 and provides additional coverage for members’ trust accounts.

The Share Insurance Fund has the backing of the full faith and credit of the United States. Credit Union members have never lost even a penny of insured savings at a federally insured credit union.

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Not-for-Profit

Direct Federal is a not-for-profit, meaning that earnings are invested right back into the credit union. And that means Direct Federal can offer lower loan rates and higher deposit rates that you simply won't see anywhere else.

Well-Capitalized Financial Institution

Credit unions are among the most well-capitalized financial institutions, maintaining equity reserves and investments that prioritize needed safety and soundness for their members.


Direct Federal is no exception to this. Our conservative balance sheet management and strong capital position makes us significantly different from financial institutions in the news.

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Frequently Asked Questions

Use the search bar below to sort through our library of FAQs to learn more about a specific product, service, or process.
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Do you offer Youth Accounts?

Applicants under 18 require a joint owner on the account.

How can I check the status of an application?

If you are an existing member, the easiest way to check the status of an application is through the Application Center within Digital Banking.

Check Status as a Member >


If you are not a member, please visit our Application Status Center.

Check Application Status >

Do you offer foreign currency exchange?

We do not offer foreign currency exchange services at this time.

Are my deposits insured?

We are  federally Insured by the NCUA. The National Credit Union Share Insurance Fund  was created by Congress in 1970 to insure members' deposits in federally  insured credit unions. Each credit union member has at least $250,000 in total coverage in individual accounts.

The  Share Insurance Fund also separately protects members’ IRA accounts up to  $250,000 and provides additional coverage for members’ trust accounts.

The  Share Insurance Fund has the backing of the full faith and credit of the  United States. Credit union members have never lost even a penny of insured savings at a federally insured credit union.

When is the dividend rate in effect?

Dividends start to accrue on the date the  account is funded.

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