Dedicated to Deposits: Deals, Data, and Discussion

Competitive 15-Month CD Special at Workers' Credit Union in MA & NH - Local Only


Workers' Credit Union

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 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).

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  Tags: Massachusetts, New Hampshire, Workers' Credit Union, CD rates, IRA rates

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Comment #1 by James Martin (anonymous) posted on
James Martin
I've been noticing quite a few credit unions offering exceptional CD rates lately. They have also been advertising that they have a great deal of money to lend. Why are credit unions all of a sudden able to offer such great deals?