MORE SAVINGS, FEWER FEES
With so many personalized savings options, no matter what you're savings goals are, FDLCU has got you covered in three easy steps.
Step 1: Join
Because every member is part owner of FDLCU, a Regular Share (Savings) Account, along with a $5 deposit, is your key to membership.
The criteria for becoming a member is simple:
- You must live or work in Fond du Lac County or Dodge County.
- Or a member of your immediate family1 must be eligible.
1 Immediate family is defined as spouse, registered domestic partner, parent, child, step-child, brother, sister, grandchild, grandparent, aunt or uncle, niece or nephew (whether or not they reside in the same household).
Step 2: Personalize
Set your goals and create a savings account to achieve them all, plus choose from our existing goal-crushing accounts.
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Name Your Savings - Create and match the account to your goal, with no minimum balance. (Example: Vacation)
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Christmas Club - Plan ahead for year-end expenses and make deposits throughout the year.
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Health Savings Account - Make it easier to pay for out-of-pocket medical bills, with a debit card and no monthly fees.
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IRAs - Set aside money for retirement to help plan for a solid financial future, with Traditional and Roth options.
Step 3: Overachieve
Grow your savings fast with these goal-crushing programs and accounts.
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Change to Saving - Round-up debit card purchases and save the "change".
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CashBack+ Rewards -Receive deposit dividend and loan interest bonuses.
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Saver's Sweepstakes® - Save money while winning money every month.
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Certificates - Lock-in higher returns on your investment for a specified time period.
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Money Management - Earn higher dividends for larger balances with the ability to make withdrawals.
You can also set-up recurring deposits or transfers with us to automize your savings.
Talk with a Member Consultant
Have questions? Ready to start saving? Need to open a new account? Get connected with one of our Member Consultants via the form below.
Your Questions, Our Answers:
What kind of account should I choose?
The answer to this will depend on what your savings goals are.
Saving for retirement? You'll likely want something more long-term, like an IRA.
Saving for a down payment on a house? You'll want to look at an account with a combination of high returns along with some flexibility, like a Money Management Account.
Saving for a rainy day? How about something without many restrictions, like a Savings (Share) Account?
Looking to stretch your money even further? Check-out our Saver's Sweepstakes account, where you can win cash every month, just for saving.
FDLCU offers a variety of personalized accounts to fit many different needs. Give us a call at (920) 921-1123.
Can I have more than one savings account?
Yes! FDLCU Members can open sub-accounts, using one main account number with a different “suffix” or “ending” number. This allows you to have one main account, with one $5 minimum deposit, and any number of sub-savings accounts, allowing you to create and match an account to your savings goal. Additional savings (share) accounts have no minimum balance requirements. Simply maintain a minimum of $50 to earn dividends.
How do dividends work?
When it comes to saving accounts, dividends are funds earned and paid to you for keeping your money in an account. The amount paid to you is often determined by APY, or annual percentage yield.
When deposit rates are low, is it worth having a savings account?
Yes, you can still earn dividends that compound over time. FDLCU takes pride in being locally competitive when it comes to our rates and we evaluate them daily. Plus, regardless of rates, having a savings account helps you to save for your dreams. Pay yourself monthly, like you would any bill, and watch yourself hit your savings goals.
How much should I be saving every month?
The magic number told by many experts is 20% of your income. This number is just a recommendation though and will vary depending on your unique circumstances. Depositing a consistent amount each month will go a long way to watch your savings grow. The amount is not important if you're just getting started - saving consistency is what matters most - it develops the habit.