Dedicated to Deposits: Deals, Data, and Discussion

Competitive CD, Savings and Checking Account Rates at IC FCU in MA - Local Only

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IC Federal Credit Union

IC Federal Credit Union is offering competitive rates on several of its deposit products. For CD rates, the most competitive is a 2.45% APY 24-month CD. Other notable ones include a 3.25% APY 60-month CD and a 3.04% APY 48-month CD. Minimum deposit is $500.

The credit union also has competitive rates on its IC Direct Checking and Savings Accounts. The checking account yield is 1.26% APY and the savings' yield is 1.36% APY. The checking is not a reward checking account. The rate applies to all balance of at least $50. The checking does have potential monthly fees. These can be waived with a $1,000 minimum balance or direct deposit.

The above rates are listed at the credit union's deposit rates page as of 3/21/2010.

You can apply for membership and open accounts online. Membership eligibility is described in the online application. Those who live or work in the following Massachusetts counties are eligible: Franklin, Hampden, Hampshire, Middlesex, Norfolk and Worcester. You can also be eligible via select employer groups or via family. Please refer to the credit union application for the full details.

Branches are located in the Massachusetts cities of Fitchburg, Leominster, Westminster and Ayer.

The credit union's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 12/31/09 data) and 3 stars (performing) at Bankrate.com (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 24250).

  Tags: Massachusetts, IC Federal Credit Union, CD rates, checking account, savings account

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