People Driven Credit Union’s diverse array of Savings Accounts, designed to empower you on your journey towards financial well-being.
Why Save With a Credit Union?
At People Driven Credit Union, your deposits are federally insured up to $250,000 through the NCUA, and they fund loans for other Michigan members. Your money stays local and works for your community.
Credit unions are member-owned. Profits come back to members through better rates and lower fees, not to outside shareholders. Every person who opens a savings account becomes a member-owner of PDCU.
How to Choose the Right Savings Account
The right account depends on your goal and how often you need access to your money.
Everyday Access
Start with a Membership Savings Account. It opens your membership and keeps your money accessible. Every PDCU member holds one.
Earn More, Stay Liquid
A Money Market or High-Yield Money Market Account pays better rates than a standard savings account while keeping your funds available.
Fixed Goal, Fixed Term
A Certificate of Deposit locks in your rate for a set period. Generally, the longer the term, the higher the rate.
Save for Something Specific
Holiday Club, Member’s Choice, and Educational IRA Certificates are built for targeted goals like seasonal spending, vacations, or college savings.
Teaching Kids to Save
Youth Accounts introduce good money habits early, with parental oversight and spending limits built in.
Savings Account Options:
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Membership Savings Accounts
Become a member of People Driven Credit Union by opening a Savings Account.
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Money Market Savings Accounts
Money Market Accounts pay rates better than savings, while keeping your funds available.
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High Yield Money Market Accounts
Unlock a world where your money works as hard as you do.
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Member’s Choice Savings Accounts
Save for a vacation, a wedding, a new car, college tuition, or any personal goal.
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Holiday Club Savings Accounts
Avoid the debt and save for the holidays.
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Youth Accounts
Our youth accounts teach kids money management, with parental oversight and limits.
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Escrow Savings Accounts
Helping You Save for Taxes and Insurance.
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Certificates of Deposit
A safe and reliable way to grow your savings.
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IRA Certificates
Roth, traditional, or educational certificates of deposit for your Retirement Accounts (IRA) and Coverdell Education Savings Accounts (ESA).
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Money Market IRA
Ideal for making regular withdrawals or fulfilling required minimum distributions (RMDs)
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Educational IRA Certificates
Coverdell Education Savings Account (ESA) Certificates are a tax-advantaged way to help families prepare for future educational expenses.
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Save To Win® Savings Accounts
Every increment of $25 deposited into a Save To Win® Savings Accounts earns an additional entry into monthly, quarterly, and yearly cash raffle drawings.
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Save To Win® CDs
Each $25 Save To Win® Certificate of Deposit opened, earns an additional entry into monthly, quarterly, and yearly cash raffle drawings.
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Relationship Rewards
We believe our members deserve to be rewarded for saving and spending.
Savings Account Questions, Answered
How much do I need to open a savings account at People Driven Credit Union?
You can open a Membership Savings Account and become a PDCU member with a small initial deposit. Once you’re a member, every other savings product is available to you. Contact us or visit a branch for current minimum deposit details.
Are my savings insured?
Yes. Your savings at People Driven Credit Union are federally insured up to $250,000 by the National Credit Union Administration (NCUA), backed by the full faith and credit of the United States Government.
Can I have more than one savings account?
Yes. Many members keep multiple accounts for different goals, such as an emergency fund, a holiday savings account, and a money market account. Each account serves a different purpose and earns separately.
What is the difference between a savings account and a money market account?
Both are deposit products. Money market accounts typically pay a higher rate and may include limited withdrawal options. A standard savings account is more straightforward and is a good starting point for most members.
What is a Certificate of Deposit?
A CD is a savings product with a fixed term and a fixed rate. You deposit funds for a set period, earn a guaranteed rate, and withdraw when the term ends. Early withdrawal may result in a fee. PDCU offers several CD options including IRA Certificates and Save to Win CDs.
Is People Driven Credit Union a bank?
No. PDCU is a member-owned credit union, not a bank. Credit unions operate as nonprofits and return value to members rather than to outside investors. PDCU is federally insured by the NCUA, which is the credit union equivalent of the FDIC for banks.
Membership Eligibility
People Driven Credit Union is a Michigan-based, state-chartered credit union. Membership is open to those who meet our eligibility requirements. All savings accounts are available to qualifying members. We do not discriminate on any basis prohibited by law and operate as an Equal Opportunity financial institution.
Your savings are federally insured up to $250,000 by the NCUA. People Driven Credit Union is an Equal Housing Lender. NMLS #776727.
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