Wednesday, February 8, 2012 - 2:00 AMDCU CERTIFICATE RATES
Digital Credit Union 
(
1 stars)
The rates DCU publishes on it's website are for customers with a "relationship checking".
This is only available if you have a loan or credit card, activate e statements and set up a direct deposit of net pay only.
Tried another source of direct deposit and DCU failed to mention that it was invalid, so no promo certificate rate.
Without that cd rates are 25 basis points (.25) less than published.
Some words of warning, regular accounts can not be designated POD.
So one must make the account a Totten Trust in order to have a beneficiary.
However, if you do that, you can not have any credit card or loan.
Stupid rules that serve no good purpose & misleading rates...
Frustrating experience.
5
jojibro1 posts since
Feb 8, 2012
Rep Points: 5
1. Thursday, February 9, 2012 - 7:10 AMI have run into these Totten trusts myself recently . . . in New York. They are very poor and difficult for depositors. Avoid them if at all possible.
It's funny, the rest of the USA does trusts one way and it works well, NY and MA do trusts their own way and their way suc*s. Yet people in NY and MA are supposed to be so much smarter than all the rest of us. Don't believe me? Just ask 'em!!
1
Kaight24 posts since
Dec 5, 2011
Rep Points: 596
2. Thursday, February 9, 2012 - 10:20 AMAs someone who formerly lived in New York, I resemble that comment! Just a joke!
1
Wil218 posts since
Feb 26, 2010
Rep Points: 1,142
