Money Market Account

Benefits of our Money Market account include:

• ATM card
• Earn interest subject to a tiered variable rate when the following conditions are met:
  • Active checking account
  • Average Daily Balance of $2,500 or more
  • If the conditions above are not met, interest will be earned at the disclosed rate for a Regular Savings
• Free online account access
• Free mobile account access
• Free e-Statements
• No service fee with Average Daily Balance of $2,500 or more
• $7 service fee if Average Daily Balance is less than $2,500
• Quarterly statements

Regular Savings

Benefits of our Regular Savings account include:

• ATM card
• Earn interest with an Average Daily Balance of $50 or more
• Free online account access
• Free mobile account access
• Free e-Statements
• No service fee for members 22 years old or younger
• No service fee with Average Daily Balance of $50 or more
• $5 service fee if Average Daily Balance is less than $50
• Quarterly statements

Christmas Club Savings Account

Make Holiday Spending Easier
The holidays are the most wonderful time of the year—and they shouldn’t be stressful on your wallet. With DESCO Federal Credit Union’s Christmas Club Savings Account, you can set aside a little throughout the year and arrive at the holidays ready to celebrate, give, and enjoy without financial worry.

How It Works

It’s simple, automatic, and stress-free:
1. Open your account with just a $5.00 initial deposit
2. Choose your savings plan — pick a weekly or monthly deposit amount that fits your budget
3. Set it and forget it — your savings are automatically transferred from your checking or savings account
4. Enjoy the holidays — on November 1st, your full Christmas Club balance is deposited into your designated account, ready to spend

Choose Your Savings Plan
Pick the frequency and amount that works best for you:

• Weekly Options
  • $1 per week = $52 per year
  • $5 per week = $260 per year
  • $10 per week = $520 per year
  • $20 per week = $1,040 per year
• Bi-Weekly Option
  • Regular bi-weekly deposits available
• Monthly Option
  • Set your own schedule
• Custom Amounts
  • Not seeing your amount? Choose a custom deposit that fits your goals

Key Features & Benefits

✓ No Maintenance Fees — Open and maintain your account completely fee-free

✓ Automatic Deposits — Consistent, hassle-free savings with automatic transfers

✓ Flexible Control — Stop, pause, or adjust your deposit amount anytime

✓ Additional Deposits Welcome — Add extra funds whenever you’d like to boost your holiday fund

✓ Federally Insured — Your savings are protected by NCUA and ESI insurance

✓ Paperless Option — Enroll in E-Statements and avoid the $1.00 monthly statement fee

Account Terms & Conditions

Distribution Date
Your full Christmas Club balance is distributed on November 1st. If November 1st falls on a weekend, your funds will be deposited on the next business day.

Account Features

• Single ownership only (not available for joint accounts)
• No withdrawals permitted from the Christmas Club account
• Funds are deposited into your designated account on the distribution date
• Once closed, accounts cannot be reopened until November 1st of the following year

Flexibility

• Stop or pause allotments at any time while keeping your account open
• Change your allotment amount anytime
• Add extra deposits whenever you want

Requirements

• Maintain at least a $5.00 balance in your designated savings or checking account on the day you open your Christmas Club account
• You must have an active DESCO checking or savings account to set up allotments

Start saving for the holidays! Open a Christmas Club Savings Account at any DESCO branch.

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