Our Services.

We offer simple and straightforward savings and loan accounts. Our Savings accounts pay a dividend (equivalent to interest) based on our financial performance. Our loans are much cheaper than payday lenders – we currently charge just 1% interest on the balance outstanding each month  (12.68% APR) – and you can pay off all or part of the loan without penalties whenever you want.
Note that we do not offer current accounts. Many of our members have a current account with a high street bank and use that to transfer money into their savings or loan accounts  with us. If you are interested in doing this, please ask for details.

The different accounts we offer are as follows:

Savings Account
Accounts attract a dividend every year (subject to the financial performance of DFCU) which is the equivalent of interest. Savings accounts also come with free life insurance which usually pays out the value of your savings upon death (based upon age at deposit, terms and conditions apply). Please note that withdrawals from savings accounts require 30 days notice.

Loans
Established members can apply to borrow up to 3 times their savings (rules apply). Interest is extremely attractive (currently just 1% of the outstanding balance each month – equivalent to 12.68% APR). When a loan is made a repayment schedule will be agreed and you will be expected to continue saving at least a small amount  regularly whilst the loan is outstanding. Members can pay off all or part of the loan without penalties whenever they want. Click here for more details of our Loans Policy.

Junior Account
Safe savings for Under 16’s who can learn to manage their own money.

90 Day Lock Away Account
Want to make sure you don’t dip into yours savings when you can’t resist that item calling you from the shop window? Well this account will do just that as you will need 90 days notice of withdrawal.

Christmas Club
Save up all year to help you cope with the expense of Christmas, come the end of November then all the cash will be yours (no hampers or vouchers).

 

Secure Savings and Low Cost Loans from the Ethical Alternative