DCB Diamond Club Savings
A feature-rich savings account for those 55 and older that waives fees.
You’ve worked hard for your money. It shouldn’t cost you money to use it—or grow it—as you want. The DCB Diamond Club Savings Account1 gives you the control you deserve at a price you’ve earned: free.
KEY ACCOUNT FEATURES:
- Require a minimum deposit of $100 to open
- Provide higher rates for higher balances with tiered interest rates
- Feature a variable interest rate that compounds daily but is credited monthly
- Do not have a monthly account maintenance fee, teller withdrawal limits, or deposit limits
- Offer 24-hour telephone banking at (760) 243-2140 that allows you to transfer funds, monitor balances, track recent transactions, and make stop payments
All savings accounts come with:
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You must be age 55 or older to open a Diamond Club Savings Account.
INFORMATION TO NOTE:
Rate information — Your interest rate and annual percentage yield may change.
Frequency of rate changes — We may change the interest rate on your account at any time.
Determination of rate — At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency — Interest will be compounded every month. Interest will be credited to your account every month.
There is a $100 minimum opening balance required to open an account in a branch. Accounts cannot be opened online.
Daily balance computation method — We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits — Interest begins to accrue on the first business day after the business day you deposit noncash items (for example, checks).
Interest accrual upon account closure — Interest accrues up to the business day that you close your account and is credited when the account is closed.
We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.
1The tax reported owner of this account must be age 55 or older to open this account.
2Not all devices may be supported. Customer eligibility required. Must be an active personal online banking user. Must be customer for a minimum of two business days. Accounts must be in good standing.
3Currency conversion fee may apply to transactions outside the U.S.
4This debit card is issued by Desert Community Bank, a division of Flagstar Bank pursuant to a license from Visa USA, Inc.