When you join our credit union, we will open a Primary Savings account with your refundable deposit of $25. That $25 deposit buys you a share of our credit union—making you a member-owner—and gives you access to all of the financial services we offer, including the ability to open additional types of savings accounts.
You can open as many secondary savings accounts as you like at no charge, either in-person or inside Online Banking. You can also name each account (such as “vacation savings” or “education”) to help you stay focused, on-track and organized. Secondary Savings accounts earn the same dividend as our Primary Savings accounts.
We offer a Money Market Savings account for members who are looking for a higher return on their savings but still require the flexibility that comes with a liquid account.
The funds in your Virtual Coin Jar account are yours to keep or spend! If you have a savings goal, you can even set up an alert within Online Banking to automatically notify you when your Virtual Coin Jar account has reached your goal amount.
This is an account you can use to escrow for the payment of property taxes and homeowners insurance. Isolating these funds will help you keep track of the balances required to semi-annually pay your property taxes and annual homeowners insurance. Plus, Payroll Deduction makes it simple and easy to deposit the funds in to your account.
Certificates of Deposit (CDs) are a great way to earn a higher dividend payment on your savings dollars with no risk to your initial investment. CDs also enable you to choose how long you want your funds to be invested, and the longer you invest the funds, the higher your dividend rate.
DMPOCU offers three types of Individual Retirement Accounts for you to choose from based on your needs, age, available funds and end goals:
The variety of IRA choices can be overwhelming, so below are several resources for IRA information. Simply click on the brochure cover to view the entire brochure content.
However, you’re always welcome to call or stop by Des Moines Police Officers’ Credit Union so one of our IRA specialists can explain the features and benefits of each IRA option.
Exploring Your IRA Options
With the rising cost of education, financing your child’s elementary and secondary education expenses can sometimes seem like an unreachable dream. However, we offer Coverdell Educational Savings Accounts to assist you in setting savings goals, and ultimately reaching that dream.
For more information about Coverdell ESAs, please review this brochure, or contact us to discuss your goals and available options.