FAQ Category: Accounts
Who can open a Youth CD?
Youth CDs are available for members under 18. A parent, guardian, or custodian must be listed jointly on the account.
Continue ReadingCan we keep adding money?
Yes! You can make additional deposits anytime until the CD matures.
Continue ReadingHow long is the term?
The Youth CD is a one-year certificate. At the end of the year, you can renew it or withdraw the funds.
Continue ReadingHow much do I need to open a Youth CD?
Just $25 is all it takes to get started. You can make additional deposits anytime until the CD matures.
Continue ReadingWhat is Overdraft Protection Transfer?
Overdraft Protection Transfer is an optional service offered by People Driven Credit Union that allows eligible members to link a savings account to a checking account. If there are insufficient funds in your checking account to cover a transaction, available funds from the linked savings account may be automatically transferred to cover the shortfall. This service is designed to reduce ...
Continue ReadingWhat is Courtesy Pay?
Courtesy Pay is a discretionary overdraft service available to eligible People Driven Credit Union members with checking accounts in good standing. If you do not have enough available funds to cover a transaction, we may choose to pay it for you up to the applicable limit. What Courtesy Pay may cover Courtesy Pay may apply to checks, ACH transactions such ...
Continue ReadingWhat overdraft options are available for checking accounts?
People Driven Credit Union offers several overdraft options for checking accounts, including Overdraft Protection Transfer, Courtesy Pay for eligible accounts, or the choice to have transactions declined if you do not want overdraft coverage. Overdraft Protection Transfer You can link your Basic Checking Account to a PDCU savings account. If you have available funds in savings, money can transfer automatically ...
Continue ReadingHow is a Money Market Account different from a regular savings account?
Money Market Accounts typically offer higher interest rates and allow for limited check writing or transfers, making them more flexible for larger balances than standard savings accounts.
Continue ReadingWhat is the minimum balance required to open a Money Market Savings Account?
At People Driven Credit Union, the Money Market Savings Account requires a minimum deposit of $1,000 to open.
Continue ReadingHow often is interest compounded and paid?
Interest on a Money Market Account is calculated daily based on the account balance and is paid and compounded monthly, allowing your savings to grow faster.
Continue ReadingIs there a limit on withdrawals or transfers?
No.
Continue ReadingCan I write checks from my Money Market Account?
Yes. You can write checks on your Money Market account like a checking account
Continue ReadingAre Money Market Savings Accounts safe?
Yes, funds in Money Market Accounts 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.
Continue ReadingHow can I open a Money Market Savings Account?
You can open a Money Market Savings Account with People Driven Credit Union online, in person at a branch, or through the MyPDCU app if you are already a PDCU member. Ways to open your account To open your account online, visit the Open Account page. You can also visit a branch to open your account in person. If you ...
Continue ReadingWhat is an IRA Variable Rate Savings Account?
An IRA Variable Rate Savings Account is a retirement savings option that offers tax-advantaged growth with a flexible, variable interest rate. This account can be opened as a Traditional, Roth, or Educational IRA, depending on your tax and savings goals.
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