Workers Credit Union is offering a special 15-month CD and IRA CD with a 1.60% APY. There are also two other CD specials, but they're less competitive. Those include a 1.10% APY 8-month CD and a 1.75% APY 25-month CD. Minimum deposit is $500 ($1,000 for the IRA). An active checking account with direct deposit is required. These specials are listed in the credit union's deposit rates page as of 11/22/2010.
As a comparison to internet banks on 11/22/2010, the best 1-year CD rate is 1.50% APY at CNB Bank Direct.
The checking account requirement is a drawback, but at least they offer a reward checking account. It currently pays 2.75% APY on balances up to $25K (see post).
Another good deal being offered by Workers Credit Union is an online savings account with a 1.20% APY as of 11/22/2010. The rate has held up fairly well. Last year at this time the yield was 1.40%. Minimum opening deposit is $500, and there are no fees or minimum balance requirements.
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' Credit Union has an overall health rating at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 3.77% (excellent) based on June 2010 data. Please refer to our financial overview of Workers' Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 66479).
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.