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More Than Just A Rainy Day Fund
    Beyond all of the wonderful features and abilities that come along with an account at Capitol View Credit Union, there is one fundamental need served by a financial account anywhere; that is the need to save your money, securely and easily.  Your Share Savings is designed to do just that.

    By becoming a member of Capitol View Credit Union you begin with one of the most competitive and beneficial savings accounts around. Because we are a member owned credit union and due to our intimate size we are able to offer very competitive savings rates as well as an attractive dividend, which is decided quarterly by our board.
    It is also easier then ever to use your Share Savings. Deposits can be made in person, by mail, payroll deduction, Automatic Clearing House, or direct deposit through your employer. Further more, you can make transfers between multiple savings accounts using Home Banking and over the phone with our 24 hour Voice Response System.

Share Savings Quick Facts

  • A Share Savings Account is required for Capitol View CU Membership
  • It is recommended that you keep 3-6 months salary on deposit if possible for a financial cushion
  • Minimum Share Savings balance = $25.00
  • A federal regulation, Reg D, limits outgoing transfers/debits from Savings accounts to six per month. Learn more about Reg D at the bottom of this page.


Share Savings Rates
Average Daily Balance APY
$100 - $4,999.99
$5,000 - $9,999.99 0.05% - 0.10%
$10,000+ 0.05% - 0.15%
Rates as of 12/16/2014


What is Regulation D?

1. Federal Regulation D places a monthly limit on the number of transfers you may make from your Savings Accounts or Money Market Accounts (MMAs) without your physical presence being required. Transfers affected by this regulation therefore include:

  • Transfers made using Internet Banking 
  • Transfers made using Telephone Banking
  • Overdraft transfers (made automatically to cover insufficient funds in other accounts; see below)
  • Transfers made by a Member Service Representative on your behalf
  • Pre-authorized, automatic, scheduled or recurring transfers (see below)

You are allowed six such transfers per month, per account, but only three of those may be made by check (a check counts against the month in which it clears, not when it was written).

2. What transactions are not affected by Regulation D?

  • ATM transactions.
  • Transfers made to CVCU loans.
  • Transactions done in person at a branch (including shared branches).
  • Transactions sent in by mail, or sent by courier with an original signature
  • CVCU Bill Pay (which uses funds from your checking account)

3. What are my options once an account has reached its Regulation D limit?
You may complete withdrawals and transfers in person, by mail, or at an ATM.

4. If an account used for Overdraft Protection has reached its Regulation D limit, will overdraft requests be honored?
No, if the Overdraft Protection account is a Savings Account or MMA. In that case, you will receive a notice by mail and incur an Insufficient Funds charge for every overdraft attempted beyond your monthly limit. However, if the Overdraft Protection account is a credit card loan (which is not affected by Regulation D) the overdraft will complete normally.

5. I have authorized a merchant to automatically withdraw payments from my Savings Account or MMA; do these count against my monthly limit?

Yes. These payments (which you might know as "ACH" or "EFT" transactions) follow Regulation D limitations. Any withdrawals attempted beyond your monthly limit will not be honored, and you will receive a notice by mail and incur an Insufficient Funds change. To avoid this situation, make automatic payments using something other than a Savings Account or MMA, such as a checking account. Contact the merchant to arrange this change, and be aware that your request could take more than a month to go into effect. Alternatively, consider using CVCU Bill Pay to automatically send payments to the merchant, rather than authorizing the merchant to automatically withdraw payments.

Frequently Asked Questions
Locations & Hours
Contact Us

Local: 515-725-2167
Toll Free: 1-800-383-3595
24/7 Voice Response: 1-800-879-8350
Fax: 515-725-2196

Main Office
1000 East Grand Avenue
Des Moines, IA 50319

Capitol View Credit Union
Routing Number: 273074135
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