Savings

What is a Savings Account?Savings

In credit union language, a savings account is called a "share account." When you open yours at Dupaco with a minimum $25 deposit, you’re buying your share of ownership in the Credit Union. You’ll earn dividends on your savings above $100, and the money you deposit enables us to make loans to other Dupaco members, thus completing the cooperative circle. Plus, your deposits are federally insured for up to $250,000 by the National Credit Union Administration (NCUA).

Open a Savings Bank Account at Dupaco

In becoming a Dupaco member, you are becoming a member of a not-for-profit financial cooperative that is focused on helping you achieve your personal financial goals. Our online application makes it easy to open your account and join Dupaco — in less than 10 minutes. Click below to get started!

Open an account

After your savings account is set up, you can skip a trip or phone call to the credit union by directly depositing your paycheck, pension, or benefit payments to your savings or checking account. You'll need Dupaco's Routing Number, 273974581, to set up direct deposit.

And, as a way to say "welcome" to our youngest members, kids 12 or younger are automatically part of the DoPACK Kids' Club, Dupaco's Positive Action Club for Kids.

Open an account now, visit any of our locations, or contact a member service representative at (563) 557-7600 / 800-373-7600, ext. 206.

Save

 

You Name It Savings: Systematically save for what you need or want by opening additional You Name It Savings Accounts. Name the account whatever you wish!

Health Savings: Members with high-deductible health insurance plans may be eligible for a Health Savings Account (HSA) to make tax-deductible contributions, earn tax-free dividends on contributions, and withdraw money tax-free for qualified medical expenses.

Youth Savings: Kids 12 and under with a savings account are automatically part of the DoPack Saver's Club

Holiday Club: Save all year long for the giving season. On October 31, the balance will be deposited into your checking account for your use (or your savings account if you do not have a Dupaco checking account).

Clubs & Organizations: Whether super-small or growing, Dupaco has an account solution that suits your needs.

High-Yield Savings Accounts: A completely liquid account paying higher than average rates. Please note, new High-Yield Savings accounts are not being opened at this time. Existing High-Yield Savings members may continue to make withdrawals from and deposits to their High-Yield account. However, if the High-Yield savings account is closed, it may not be re-opened until further notice. (Effective April 19, 2010)

   
Comments (7)
Signature Card
Tiffany
 • 55 days 23 hrs 53 mins 45 secs ago
I am new to setting up a savings account, but do I need to provide my own signature card or does Dupaco give me one so that I can set up my savings account?
 

Re: Signature Card
Dupaco Moderator
 • 54 days 3 hrs 32 mins 9 secs ago

Hi Tiffany, Dupaco provides the signature card after the account is approved. We will have someone reach out to you.

 

Signature Card
Tiffany
 • 55 days 23 hrs 53 mins 45 secs ago
I am new to setting up a savings account, but do I need to provide my own signature card or does Dupaco give me one so that I can set up my savings account?
 

Re: Signature Card
Dupaco Moderator
 • 54 days 3 hrs 32 mins 9 secs ago

Hi Tiffany, Dupaco provides the signature card after the account is approved. We will have someone reach out to you.

 

Holiday Account
Terrance
 • 128 days 12 hrs 16 mins 59 secs ago
When can I get my money out my holiday account?
 

Re: Holiday Account
Dupaco Moderator
 • 128 days 4 hrs 7 mins 5 secs ago

Hi Terrance, if the account had a balance on Oct 30 it would have been paid out on Oct 30. If it's a new account, the balance can be withdrawn prior to the Oct payout, but then the account is essentially closed, as it is not intended to be a withdrawal account - instead its a deposit only account.

 

HSA Savings
Terrie
 • 137 days 23 hrs 32 mins 4 secs ago
Is it possible to roll money from an IRA to an HSA?
 

Re: HSA Savings
Dupaco Moderator
 • 137 days 3 hrs 1 min 49 secs ago

Hi Terrie, we will have an IRA Specialist reach out to you. It is possible, but this is something that we highly recommend that you speak to a competent tax advisor about before proceeding with the transaction.

 

calculated interest formula
Tony
 • 297 days 3 hrs 24 mins 4 secs ago
what is the calculation on quarterly interest? (balance x .004 / 90 ) assuming .4% also if your in a money market account how would the equation differ?
 

Re: calculated interest formula
Dupaco Moderator
 • 296 days 4 hrs 2 mins 55 secs ago

Hi Tony, the formula used to calculate compound interest is A=P(1+r/n)^nt. There are two main differences between Regular Savings and Money Market. First, the rates are different. Secondly, Regular Savings compounds quarterly, and Money Market compounds monthly. If you have further questions, I would recommend that you give our Member Service department a call at 800-373-7600 / (563) 557-7600, extension 206, or stop into your nearest branch. Thanks!

 

Interest
Ian T
 • 467 days 1 hr 43 mins ago
What is the interest frequency.
 

Re: Interest
Dupaco Moderator
 • 465 days 23 hrs 38 mins 47 secs ago

Hi Ian, the interest on our savings accounts accrues daily and is paid out quarterly.

 

Dupaco savings account
Robert
 • 501 days 2 hrs 28 mins 45 secs ago
What is the current interest rate on the savings account and how much is required to earn interest or avoid any penalties on this account
 

Re: Dupaco savings account
Dupaco Moderator
 • 500 days 21 hrs 38 mins 13 secs ago

Hi Robert. $25 is required to open the savings account, and $100 to earn interest. The rate will then be .10%. The only way to incur penalties on the savings account is if you do over 6 withdrawals/transfers per month.

 

Savings Card
Jodie
 • 624 days 12 hrs 46 mins 6 secs ago
When you set-up a new savings account do you receive a money card or is that only for checking accounts? Thanks :-)
 

Re: Savings Card
Dupaco Moderator
 • 624 days 4 hrs 41 mins 54 secs ago

Hi Jodie, Moneycards are only issued to members when they open a checking account.

 

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