Diebold Federal Credit Union has several types of Savings Accounts to help you reach your short-term and long-term saving goals. 

• Share Savings Accounts – Establish and maintain your credit union membership with a minimum balance of $5. Earn dividends when you maintain an average monthly balance of $200.
  
  
• Share Certificates- We offer great dividends and flexible terms for your long-term savings needs. Open a Share Certificate with a minimum deposit of $1,000 for three (3) months. We also offer longer terms with competitive rates.
  
  
• Individual Retirement Accounts (IRAs) - Traditional, Roth, and Coverdell Education Savings Account (ESA) IRAs help you reach long-term goals
  
  
• Holiday Club Accounts – Open this account anytime throughout the year to save for your holiday expenses.
  
  
• Kids Club Accounts – For members under 18 years of age. A monthly minimum balance of $5 must be maintained to earn dividends.
  

Share Savings Accounts

Diebold Federal Credit Union's Share Savings Account is a basic savings account that offers better-than-average-dividends.  A Share Savings Account establishes your credit union membership. You must maintain a minimum balance of $5.00 for active membership. Click here for current Savings Rates.

Features and Benefits:

• No Monthly Service Fees
• Unlimited Deposits
• No Withdrawal Fees
• ATM Access
• Direct Deposit Available
• Average Monthly Balance to Earn Dividends: $200
• Quarterly Statement of Account Activity
• Download a copy of our Share Savings And Investments Brochure for details

Open a New Share Savings Account Online:

Begin your membership with Diebold Federal Credit Union, or just open a new Share Savings Account. Download the appropriate form then forward your opening deposit and a completed Account Card to the credit union.

• Member Benefits And Enrollment Application for new members
• New Member Opening Deposit Ticket optional for new members
• Account Card for any a new Share Savings Account
  

You will need the Adobe® Reader® to view or print the above files. Click here to download a free copy of the Adobe® Acrobat Reader®

[ top ]  

Share Certificates

A Share Certificate (sometimes called Certificate of Deposit or CD) allows you to earn higher dividends by saving a lump sum for a fixed time period. Click here for current Share Certificate rates.

Features and Benefits: 

• Low minimum deposit of $1,000
• Various terms with corresponding dividend yields
• Ability to withdraw your deposit before the end of the term, subject to an early withdrawal fee and possible forfeiture of dividends earned
• Easy roll-over into another high-yield certificate, or option to withdraw the deposit without penalty when term period ends
  

 [ top ] 

Individual Retirement Accounts (IRAs)

Depositing the maximum allowable yearly contribution to an IRA, is a great way to ensure financial peace of mind for your retirement years. We offer Traditional, Roth, and Coverdell Education Savings Account (ESA) IRAs. Click here for current IRA rates.

IRA Facts

• You can contribute any time, any amount, or none at all.
• Annual contributions are not mandatory.
• IRA investments are federally insured up to $250,000.
• Take advantage of our Share IRAs. Make a budgeted contribution each pay to save for a larger investment plan.
  

PLEASE NOTE: Information presented is not intended to provide specific advice or recommendations for any individual. We recommend that you consult your attorney, tax, or financial advisor with regard to your personal situation and tax deductibility.

TRADITIONAL IRAs

An Individual Retirement Account is a special tax deferred savings plan authorized by the Federal Government to encourage you to accumulate money for retirement. You may withdraw funds from a Traditional IRA any time after you reach age 59 1/2. Distributions taken prior to age 59 1/2 may be subject to early withdrawal penalties.

ROTH IRAs

A Roth IRA is an individual retirement account to which participants are able to make annual non-deductible contributions. Unlike a Traditional IRA in which earnings are tax-deferred, Roth IRA earnings can be tax free. You may withdraw your Roth contributions at anytime, without tax and penalty free. "Qualified distributions" may be withdrawn tax and penalty free. "Non-qualified" distributions may be taxable and subject to an IRS early distribution penalty.

COVERDELL EDUCATION SAVINGS ACCOUNTS (ESA)

Formerly known as an Education IRA, Coverdell Education Savings Accounts are an ideal way for you to begin saving money to help a child, or grandchild, pay for higher education expenses down the road. Contributions to a Coverdell Education Savings Account are not tax-deductible, but distributions used to pay for the qualified education costs of the named beneficiary are generally tax free. You may contribute to the account until the beneficiary reaches the age of 18.

Need More Information?

Do you have questions regarding IRAs? Would you like to know how to transfer an existing IRA to earn more dividends? Or would you like to start your investment portfolio by opening a new IRA today? Just e-mail one of our Member Service Representatives, they will be glad to assist you.

[ top ] 

Holiday Club Accounts

This is a great way to save throughout the year for your holiday shopping expenses. You can open the account anytime during the year and arrange for payroll deduction or simply deposit funds sporadically. Funds are transferred into your Savings or Checking Account on October 15th, and your account remains open for the next holiday season. Click here for current Holiday Club rates.

[ top ]