Daily Dividend Savings Account

It Really is Simple

• No minimum balance requirement.
• Competitive variable rates.
• Your balances may qualify for our unique Owners’ Dividend.*
• A “Membership Daily Dividend” Saving Account will be opened as part of your ESL membership. This is your initial Daily Dividend account with ESL.

Easily Access Your Accounts

• Manage your account 24/7 with online banking, mobile banking, and TEL-E$L.
• A variety of convenient deposit options: ATMs, mobile deposit, payroll deduction, direct deposit, in branch, and bank-by-mail.
• Unlimited withdrawals at ESL ATMs and branches.
• Up to five free non-ESL ATM withdrawals per month with direct deposit or Premier Checking (please remember the ATM owner may charge a fee).

The Basics

• Open your account with $1 or more
• Dividends—paid quarterly—are earned from the date of deposit to the date of withdrawal
• Quarterly statements are delivered online or by mail, depending on your preference
• No minimum age requirement—the account owner must simply be able to sign their own name

Manage Your Account

• ATM cards are available to account holders 16 years and older.
• Limit of six ATM deposits per day.
• Generally, the first $225, $1,000, or the full amount (as described in the Funds Availability Policy) of your deposit will be available immediately.
• Electronic withdrawals and transfers include:
  • Online and mobile banking transfers
  • TEL-E$L transfers
  • Automatic Clearing House (ACH) withdrawals
  • Transfers made over the phone or through chat banking with an ESL representative

Learn about the most common fees that are incurred on ESL savings accounts. Click here for a complete listing of all ESL fees.

Your Daily Dividend, Health Savings Account, and Money Maker Accounts include free access to and use of online and mobile banking to check accounts, transfer money, or manage your personal information. This includes online and mobile Bill Pay and mobile deposit.