Statement Savings Account
Want some extra incentive to kickstart your savings? Our Statement Savings Account offers a high yield of 8.00% on your first $500.
Advantages of Opening a Statement Savings Account
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High-Yield Rates
Your money earns 8.00% APY up to the first $500.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $500.00.
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No Hidden Fees or Minimum Balance
Pay no monthly fees and don’t stress if your account is low with no minimum monthly balance.
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Keep Your Money Secure
Deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA). Shares and deposits in excess of $250,000 are insured by the Massachusetts Share Insurance Corporation (MSIC).
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Access Your Account from Anywhere
Access and deposit money whenever you need to with convenient online and mobile banking.
Statement Savings Account Rates
| Minimum to Open | Dividend Rate | APY* |
| $5.00 | 7.721% | 8.00% |
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Everything You Need to Know about a Statement Savings Account
- Earn 8.00% APY up to the first $500 in your account, and 0.05% APY on the remaining balance exceeding $500.
- Statement Savings Accounts offers you access to savings and discounts with Member Perks 1.
- You can receive ACH credits, including Direct Deposits, up to one (1) business day early.
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Benefits of Opening a Statement Savings Account
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Online and Mobile Banking
Access your account anytime, anywhere on a phone or other device.
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Save Anywhere, Anytime
You can deposit any amount of money anytime you like, online or in person.
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Member Perks
As a credit union member, you will have access to discounts on travel, entertainment, dining, and more.
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Deposit Insurance
Deposits are federally insured up to $250,000. Beyond that, deposits are insured by the Massachusetts Share Insurance Corporation (MSIC).
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Save on Fees
Watch your money grow with no annual or monthly fee.
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Early ACH Credits
Receive ACH credits, including Direct Deposits, up to one business day early when you need cash now.
How to Open a Statement Savings Account
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Step 1
Gather Your Details Provide some basic information about yourself.
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Step 2
Apply Open an account easily and quickly online or in a Jeanne D’Arc Credit Union branch.
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Step 3
Deposit Start your savings account with a minimum deposit of just $5.
– Elizabeth C.Best in customer service. JDCU treats you like family…feel the love.
FAQs about Statement Savings Accounts
No, none of the Jeanne D’Arc Credit Union savings accounts have an annual fee. We want to give your money the best chance to grow!
The minimum amount to open a Statement Savings Account is just $5.00.
No, there are no withdrawal fees. You can access your money whenever you need it without penalty.
Jeanne D’Arc Credit Union Statement Savings Accounts earn 8.00% APY for the first $500 in your account and 0.05% for balances exceeding $500.
Disclosures
*APY=Annual Percentage Yield. 8.00% APY will be paid on the balance in your account up to the first $500.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $500.00 with a $500.01 balance earning a 8.00% APY and a $1,000.00 balance earning a 4.193% APY, as examples. Requires a $5.00 minimum balance to open the account. Fees could reduce earnings. All new Jeanne D’Arc Credit Union members will have one of their consumer savings accounts (except retirement statement savings) automatically designated as their primary savings account to receive these special terms. Additional savings accounts established under the same member name, and related tax identification number, are not eligible for these special terms. The M3™ Money Club Savings is available to children Newborn to age 12. Dividend rates are effective as of November 1, 2024. All rates are subject to change, after account opening, without notice.