• Savings Accounts

Opening a Savings Account with Deepwater Industries Federal Credit Union means establishing a lifelong relationship with us. This means you're more than just another bank customer — you're a Member and an owner.  With a NCUA-insured Savings Account, you will earn dividends to grow funds quickly. Build a safety cushion, save up for a rainy day, or set aside money in a Club Account for a specific purpose. A Savings Account is just one facet of smart money management.


o Minimum deposit for $5.00

o Convenience of payroll deduction or direct deposit

o Make transfers using our on-line banking, “PAT” system

o Make deposits in person, by mail, through payroll deduction, night depository and direct deposit.

o Pays dividends with a minimum balance of $99.01

o Fully insured up to $250,000 by the NCUA

   Savings Rates

  • Kids Club Accounts

Kids Club is available for kids 0-17 years of age. $5 is required to open the account with the proper form of identification and must have an adult over the age of 18 joint on their account. Kids Club is a special savings account that has a .3% interest rate. Once you turn 18 the account will roll over into our regular savings account with a current rate of .15% . $10.00 early withdrawal fee

  • Christmas Club Accounts

This special Savings Account makes it easy to set aside for those things you really want just for the holiday season.  Set aside some money on a regular basis — how much and how often is up to you. Then, when you decide, we'll disburse your savings, plus the dividends, just in time for the holidays. $10.00 early withdrawal fee


o Can be opened any time of the year

o You can use payroll deduction, transfers from savings or cash deposits

o Funds are deposited into your savings account the first week in October

  • Money Market Accounts

Grow savings quickly and earn a higher rate with a Money Market Account. Dividends are compounded and paid out each month, based on your average daily balance. Money Markets also let you retain access to your funds with limited check-writing capabilities each monthly statement cycle.


o $500 or more to open and maintain balance

o Higher rates than regular savings account

o Full access to your account (some withdrawal restrictions may apply)

o Unlimited deposits anytime

o Unlimited over the counter withdrawals

o Six free electronic or telephone transactions or transfers per month, fees apply after that

o Free online or in person transactions

o No monthly fee

o Federally insured up to $250,000

  • Share Certificates

A Certificate of Deposit guarantees a return and earns more interest than Primary Savings. Choose from terms ranging from 6 months to 5 years and lock in your rate. Longer terms earn higher rates and dividends.


o Requires just $500 to get started

o Fixed rate for fixed term

o No additional deposits allowed

o Early withdrawal penalties apply

o Most dividends compounded quarterly, paid quarterly

  • IRA's

Begin saving for retirement while you're still earning income. IRAs offer tax-advantaged ways to set aside funds and are considered a great way to plan for your financial future. Choose to open a Roth, Traditional IRA or Educational IRA, depending on your situation.


o Additional incentives built into legislation for educational expenses and first home purchases.

o Increased flexibility of eligibility requirements

o Penalty free withdrawal features

o Potential of tax exempt earnings

Check with your tax advisor about which type is best for you.


Deepwater Industries Federal Credit Union - Deepwater, NJ - Copyright 2017.

Routing #:   231277822                   NMLS# 431607