Regular Savings
Only a $5.00 minimum balance is required for regular savings. Savings earn dividends
for each day they are on deposit in your account.
 
Holiday Club & Vacation Club Accounts
Holiday and Vacation Clubs let you save a little each week to make those special
times extra special. Both our Holiday and Vacation Clubs automatically renew each
year for your convenience.
Dollar Dog Kids Club
Give your kids a financial head start. Enroll them in MSDFCU's Dollar Dog Kids
Club. They will learn the value of saving money while having fun. Here are just
a few of the free membership benefits: Official Club Membership Card, Fun Chest
of Gifts, Birthday Card, Newsletter, Games and Contests, Dollar
Dog Online and Special Events.
CU Succeed - Teens Financial Network
This program has been designed for kids ages 13 to 17. Benefits include: eligibility
for an ATM card (with parent permission) starting at age 13, eligibility for home
banking, special quarterly newsletter, report card rewards: members can earn $1
for every "A" on their final report card each school year (up to $5
per year). Check
out the official CU Succeed website now.
Share Draft/Checking Accounts
Our checking accounts offer an alternative to the high fees and service charges
at other financial institutions. There are NO minimum balance requirements, NO
monthly service charges and NO per-check charges. Plus, overdraft protection is
available.
Money Market Accounts
Enjoy a higher savings rate and easy access to your money! Only a $2,500 minimum
balance is required to earn dividends. Maintain higher balances and earn even
higher yields. With a money market, you can also request check-writing privileges
(checks must be written in amounts of $500 or more).
Share Certificates (CDs)
This is just about the safest investment you can make. Terms available are 3 months,
6 months, 12 months, 18 months, 24 months, 36 months and 60 months. Minimum balance
requirement is $500 for 3-month and 6-month CDs; $1,000 for all other terms. Earn
even higher dividends with a jumbo CD ($25,000 minimum balance). All certificates
are available as Individual Retirement Accounts (IRAs). To open a certificate,
contact (215) 996-3700 or visit any branch.
Individual Retirement Accounts (IRAs)
Save for the future, defer taxes until you retire, plus reduce the tax you pay
with our Individual Retirement Accounts. IRAs are available in the form of share
accounts or share certificates (CD).
Traditional IRAs: Contributions and accumulated earnings are
tax-sheltered until withdrawn. Penalty-free withdrawals are permitted any time
after age 59 1/2 and must start by 70 1/2.
Roth IRAs: Contributions are taxed, but all withdrawals, including earnings,
are tax-free if the account has been open for five years and the account holder
is 59 1/2 or older. Penalty-free withdrawals of contributions are permitted any
time.
Coverdell Education Savings Account (formerly Education IRA): Contributions
of up to $2,000 per child per year can be made. Earnings accumulate tax free.
Tax-free withdrawals can be made for qualified education expenses.
To open an IRA, contact (215) 996-3700 or visit any branch.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
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