Deposit Rates

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All dividend rates are subject to change at any time.

APY = Annual Percentage Yield; Rates are subject to change at any time. Early withdrawals on term accounts may result in a three or six month interest penalty. 

**Savings, Free Benefits Checking, Money Market, Club and IRA MM accounts are variable rate accounts; rates can change after the account is opened. A minimum deposit of $2,500.00 is required to open a Money Market Account.

*** Bump-Up rate change is based upon the WSJ published Federal Funds rate change. In the event of a published rate increase, existing 15-month CD holders have the opportunity to request a one-time matching rate increase of up to 0.25%. This new rate will remain in effect through the remainder of the existing CD term. Option to increase rate and APY one time during the initial term requires you contact the Credit Union directly to redeem the feature prior to initial maturity date. It may take up to 2 business days for rate change to become effective upon request. A 180 day interest penalty will be imposed for early withdrawals. Fees may reduce earnings.  

The rate at opening will be paid until the certificate maturity date unless you invoke the Bump-Up option as explained above. APY assumes principal and interest remains on deposit for the term of the certificate. Advertised rate and APY are offered at the Credit Union’s discretion and may change at any time. Minimum deposit of $10,000.00 is required to open this CD. At maturity, CD automatically renews at the then current market rate for the same term and will no longer offer the bump up feature. In the event the same term is not offered, CD will automatically renew into the closest term greater than the existing term.

**** IRA Certificate of Deposit includes traditional and Roth options

***** IRA MM include traditional, Roth, and educational IRA options

Interest is compounded daily/payable monthly on IRA accounts, Money Market Accounts, Checking Accounts, CDs (certificates of deposit), and Savings accounts. Club accounts earn a simple interest. There is a substantial penalty for early withdrawal of principal from CDs (certificates of deposit). All dividend rates are subject to change. Call the Member Services Department at (617) 439-6500 for further information.