DECU Savings Accounts
View current Share Savings rates.
How to Open a Savings Account
To apply to become a member of Down East Credit Union, please mail, fax or deliver the following completed documents to any of our branches.
- Membership Account Card Application
also read our Funds Availability Disclosure - Credit Union Membership Agreement
(only necessary if you are not already a DECU member)
Read our Policies and Disclosures.
Share Savings Account
This is the first account you will open at Down East Credit Union. The minimum opening deposit is $5 and the balance can not go below that. The five dollars represents your share in the credit union, every member must have a Share Savings Account.
Money Market Draft Account
This draft account gives you total flexibility and liquidity as well as competitive rates. All that is required is that you maintain a $2500.00 balance. You may write up to three checks per month and there is no limit on over the counter withdrawals.
Share Certificate Accounts
Offers terms from six to sixty months, all at competitive rates.
Monty Moose Youth Savers Program
For ages 2 through 12
A fun way to teach our youngest members to save. A Monty Moose Youth Savers account can be opened with $1.00.
Learn more about this program »
IRA Accounts
Individual Retirement Accounts (IRAs) are accounts designed to help you save for retirement. With a Roth IRA, earnings grow tax free and are also tax free when you make qualified withdrawals. With a traditional IRA, your earnings grow tax deferred, so you won’t owe income taxes until you make withdrawals. And if you’re eligible, your contributions are tax deductible.
You must have earned income for the tax year you are making a contribution for. You can open, or make deposits to, an IRA any time through April 15th for the previous tax year. Current year deposits may be made throughout the year. There are several IRA options at Down East including Regular IRA accounts, Roth, Educational and IRA Certificates.
Cash Control Program
For ages 13 through 18
This account is a youth's next step toward learning to manage their finances.
Learn more about this program »
Club Accounts
Christmas, vacation, taxes, or whatever you need a special savings account for, Clubs are a great way to serve your short-term savings needs.
Sow and Grow Share Certificate
This is a great way to get started saving for the future. See our Rate and Fee schedule for current information including penalties for early withdrawals.
Start Up Sow n' Grow
For members under 18 years of age
A one-year product with a minimum opening of $2, and with at least a $2 per week deposit.
