Savings & Checking

Checking That Earns

Many members use DOY Checking Accounts as a primary or secondary checking account because of its ability to earn interest until their checks are actually cashed. Here are some advantages of DOY Checking:

FREE CHECKS - DOY supplies the first order of checks free of charge.

NO MONTHLY FEE - If you maintain a minimum average balance of $200, there are no monthly fees.

INTEREST BEARING - If you maintain a minimum average of $400, you earn 3rd Tier Interest Rates.

OVERDRAFT PROTECTION - DOY has a great program to protect its members from having a check returned NSF.

CHECK CASHING - Only checking account members can conduct cash transactions.

ATM CARD - DISCONTINUED MAY 31, 2021

See SHARE DRAFT DISCLOSURE for full details.

ELECTRONIC FUNDS TRANSFER DISCLOSURE

Two puppies sitting in tall grass — "Are we having fun yet?"

DOY Savings Accounts

DOY savings rates have consistently outperformed most other financial institutions' savings accounts and even most short-term CD rates. Rather than having CDs, DOY has a tiered savings approach that enables members to earn more by saving more. DOY’s savings accounts are federally insured by the NCUA. Not one penny has been lost that was federally insured by the NCUA. Savings can be withdrawn at any time without penalty. Dividends (interest rates) are decided by the Board of Directors at the end of each quarter. Listed below are the rates for each tier for the last quarter.

DIVIDEND RATES

SHARE AMOUNT	Interest Rate	APY
$10 - $199.99	0.00%	0.00%
$200 - $999.99	3.67%	3.73%
$1,000 - $4,999.99	3.70%	3.76%
$5,000 - $9,999.99	3.75%	3.81%
$10,000-$19,999.99	3.85%	3.91%
$20,000 and up	4.15%	4.22%
Checking Accts	3.70%	3.76%
Institutional Accts
$10 - $499	0.000%	0.00%
$500 - $4,999	0.410%	0.41%
$5,000 - $9,999.99	0.415%	0.42%
$10,000 and up	0.425%	0.43%

Since our members are scattered throughout a six-county area, DOY has a convenient and safe mailout withdrawal program. And with DOY’s Audio Teller, withdrawals are available 24/7.

$250,000 Federal Insurance

Your deposits are federally insured by NCUA. NCUA (National Credit Union Administration) is an independent agency of the U.S. Government that insures a member institution's deposits if it should fail. Only Federal or State chartered credit unions may obtain NCUA insurance and only if they meet and adhere to NCUA's high standards. Should a credit union fail, the NCUA stands ready to reimburse members for their losses up to $250,000 for each account and $500,000 for joint accounts. Just remember, not one dollar of NCUA protected money has ever been lost by a credit union member.

ELECTRONIC FUNDS TRANSFER DISCLOSURE

Use DOY’s Audio Teller

DOY members can access the Audio Teller by dialing 330-744-3DOY (3369).

Available 24/7
Transfer funds from savings to checking
Obtain up to the minute balance for all your accounts
Inquire about an outstanding check (to see if it has cleared)
Obtain the last six checking transactions
Have a withdrawal from your savings mailed directly to you

For those members who want to earn interest until your money is actually spent, DOY’s Checking Account is for you. Many members have all their deposits go into their savings account, not their checking, this way you can earn high dividends (upper tier). Then once or twice a month, mail out your monthly bills. While the checks are in the mail, call the Audio Teller (available 24/7) and transfer the necessary amount to cover the checks just written. By using DOY’s Savings, you can earn big interest all the way up until the time the checks are written. After the transfer, the money continues to earn interest in your checking account until the checks actually clear.

Give the Audio Teller a ring.

330-744-3DOY (3369).

ELECTRONIC FUNDS TRANSFER DISCLOSURE