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Savings Accounts

Savings Account Rates

Rates are effective as of today and are subject to change.

People Driven Credit Union offers savings options for every stage. Start with a Member Share Savings Account for just $5, or set money aside in an Escrow Savings Account for scheduled expenses. Lock in a fixed return with Certificates of Deposit from 6 months to 5 years, including Jumbo tiers, a Youth Certificate, and the Save to Win Certificate where deposits earn cash prize entries. Move new money from outside the credit union into our High-Yield Money Market or tiered Money Market Plus Account. IRA savers can choose from Money Market and Variable Rates accounts for Traditional, Roth, and Educational needs. All deposits are federally insured by the NCUA up to $250,000. Browse our current savings rates below.

Savings rates

Disclosures

Membership Requirement

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.

Federally Insured: Savings at People Driven Credit Union are federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.

²APY = Annual Percentage Yield. APY is a standardized measure of the total interest earned on a deposit account over one year, based on the interest rate and the frequency of compounding. APY assumes that interest remains on deposit until maturity. Early withdrawals and applicable fees may reduce earnings. Rates are effective as of and are subject to change at any time without notice.


Certificates of Deposit:

Early Withdrawal Penalties:

  • CDs with a term of 12 months or less: Loss of 90 days’ interest
  • CDs with a term greater than 12 months: Loss of 180 days’ interest
  • Save to Win CD: $25 early withdrawal penalty

Minimum Deposit Requirements:

  • 9-Month CD Special: $500 minimum
  • Save to Win CD: $25 minimum
  • Youth CD: $25 minimum
  • Standard CDs (6 months+): $500 minimum
  • Jumbo CDs: $25,000 minimum

Certificate of Deposit Offered By:
People Driven Credit Union
24333 Lahser Road
Southfield, MI 48033
Phone: 844-700-7328


Save to Win®

The Save to Win® Savings Account, Save to Win® Certificate of Deposit, and Round Up To Win are available to People Driven Credit Union members who are at least 18 years old and reside in a state where prize-linked savings is permitted. Eligibility requirements may vary based on state law. Winners are randomly selected from eligible entries in monthly, quarterly, and annual drawings. Entries are automatically earned based on qualifying deposits, with a maximum of 100 entries per month, 300 entries per quarter, and 1,200 entries per year. No additional actions are required to participate. All decisions regarding the raffle and prizes are final. Please refer to the official Save to Win® Savings Account rules for full details.

³Only new funds transferred from external sources to the credit union qualify for this promotion.

People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727
All other trademarks are the property of their respective owners.

 

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