Savings Account Options

You can establish your People Driven Credit Union membership with a $5 deposit into a Membership Share Savings Account. This deposit opens your membership and gives you access to other PDCU products and services.

Minimum opening deposit requirements may vary by account type. Review the account details or contact PDCU before opening a specific savings account.

A Membership Share Savings Account is the account that establishes your membership with People Driven Credit Union. The $5 deposit represents your ownership share in the credit union.

Every PDCU member has a Membership Share Savings Account. Once your membership is established, you can open additional savings, checking, loan, and other account options based on your needs and eligibility.

Yes. Many PDCU members open more than one savings account to organize money for different goals.

For example, you could keep one savings account for emergencies, another for holiday spending, another for a vacation, and another for property taxes or insurance. Separate accounts can make it easier to track your progress.

The best savings account depends on what you are saving for and how often you need access to the money.

A Member’s Choice Savings Account can help you save for personal goals like vacations, home projects, tuition, or future purchases. A Holiday Club Savings Account can help you prepare for seasonal expenses. A Youth Account can help kids and teens build good savings habits. An Escrow Savings Account can help you set aside money for taxes and insurance.

A standard savings account is a flexible account for setting money aside while keeping access to your funds. It is a good starting point for everyday savings and specific goals.

A Money Market account may offer higher dividend opportunities than a standard savings account, depending on the account type and balance. It can be a good fit if you want to earn more while still keeping access to your money.

Choose a savings account if you want easier access to your money or if you are saving for a goal that may change.

Choose a Certificate if you can leave your money deposited for a set term and want a fixed dividend rate. Certificates can be useful for longer-term savings goals, but early withdrawal may result in a penalty.

Yes. People Driven Credit Union savings accounts are federally insured by the National Credit Union Administration, also known as the NCUA, up to $250,000.

This coverage helps protect eligible deposits in savings, checking, money market, and certificate accounts.

Yes. Many People Driven Credit Union savings accounts can be opened online.

Some accounts may require additional information or help from a PDCU team member. If you are unsure which account to choose, you can review the savings account options, schedule an appointment, or contact PDCU for help.

Yes. PDCU savings accounts are available to qualifying members.

Membership is open to anyone who lives, works, worships, or attends school in Michigan. Relatives of current PDCU members may also be eligible. A $5 deposit into a Membership Share Savings Account establishes your membership.