Workers Credit Union continues to offer three competitive CD and IRA CD specials: a 1.60% APY 4-month CD, a 2.10% APY 12-month CD and a 2.50% APY 25-month CD. Minimum deposit is $500 ($1,000 for the IRA). These specials are listed in the credit union's deposit rates page as of 11/15/09.
These promotional CDs are very close to what the credit union was offering in August. The only difference is that the 12-month CD used to be a 9-month CD.
Another good deal being offered by Workers Credit Union is an online savings account with a 1.40% APY as of 11/15/09 (was 1.50% in August). Minimum deposit is $500. The credit union also has a reward checking account with a 3% APY on balances up to $25K (see post).
Membership is open to those who reside in Massachusetts or New Hampshire or work for a company that is based in Massachusetts. Please see the credit union's Who Can Join page for more details. Membership requires a minimum deposit of $25 in a share savings account.
Workers FCU's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 66479).
Other Competitive Certificate of Deposit Rates