Savings and Share Accounts
With a wide variety of savings options available, DEXSTA Federal Credit Union can help you plan for your future and build a successful saving strategy.
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Share Savings
Free Kasasa Saver®
Money Market
Holiday Club
Rate Information
Daily Balance Computation
Compounding and Crediting
Certificate Information
Minimum Balance
Accrual of Dividends
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.
Share Savings
If you’re familiar with savings accounts at banks, you already understand the basics of a share savings account. The terminology is different because the account is held at a credit union, but the way you’ll use the account is the same.
- Pays interest on your savings
- Establishes your membership in the credit union, making you eligible for other products like loans, checking accounts, and more
Free Kasasa Saver®
Make saving effortless.
Free Kasasa Saver connects to your free Kasasa Cash or Kasasa Cash Back checking account to make saving simple. Cash rewards earned in your Kasasa checking are automatically transferred into Kasasa Saver. Meanwhile, your Kasasa Saver balance earns up to 0.10% APY!* Visit any of our convenient branch locations to open your account in minutes.
- Free account that builds your savings effortlessly
- Automatic cash back transfers from Kasasa checking
- 0.10% APY* on balances up to $10,000
- 0.10% APY on balances over $10,000 based on account balance*
- 0.05% APY* if monthly qualifications are not met
- No monthly service fee, no minimum deposit to open, and no minimum balance to earn rewards
- Free online banking, mobile banking, and eStatements
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, phone, or mobile apps.
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 dividend rate.
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.
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 membership.
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 without restriction.
DEXSTA FCU uses the daily balance method to calculate dividends, which takes a daily periodic rate multiplied by your account balance for each day.
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.
Dividends begin to accrue on the day we receive your deposit. If you close an account, dividends will be paid as of that date.
*APY=Annual Percentage Yield. APY is accurate as of 11/01/2022. Rates may change after account is opened. For Kasasa Cash, if qualifications are met each monthly qualification cycle. Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and credited to your account on the last day of monthly statement cycle. Balances up to $10,000 receive APY of 0.10%; and balances over $10,000 earn 0.10% dividend rate on the portion of the balance over $10,000, resulting in 0.10% to 0.10% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more business days from the date the transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding dividends. Dividends earned in Kasasa Cash are automatically transferred to your account each statement cycle and do not compound. Actual dividends amount paid may be less than advertised Kasasa Cash APY. Transfers between accounts do not count as qualifying transactions. Limit one account per social security number. Please speak with a DEXSTA team member for complete details.
Where Membership is a Family Thing
You, your family members, and members of your household are eligible to join DEXSTA Federal Credit Union if you live, work, worship, volunteer or attend school in New Castle or Kent County, Delaware or Cecil County, Maryland.
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