Workers Credit Union is offering several competitive rates on its CD and IRA CD specials. The highest rate is a 2.50% APY for a 6-year term. Minimum deposit is $500 for CDs and $1,000 for IRA CDs. The full list of rates for all the CD specials are shown below. These are rates are listed in the credit union's rates page as of 5/30/2012:
- 2.50% APY 6-year CD
- 2.15% APY 54-month CD
- 1.50% APY 30-month CD
- 1.25% APY 23-month CD
- 1.01% APY 14-month CD
One important downside to these specials is that they require an active checking account with direct deposit. This is the member relationship pricing that is mentioned above the table. One minor downside is that the 54-month CD special has a maximum $250,000 limit per member and per account type.
According to the disclosure, the early withdrawal penalty is 180 days of dividends on the amount withdrawn for terms over 1 year.
There's an online application that allows people to join the credit union and open accounts.
Credit union membership is open to anyone who lives or works in Massachusetts and Southern New Hampshire. Please refer to the credit union's About page for more details. A minimum $25 balance is required in the membership account.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 6.20% (excellent) based on December 2011 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).
How These CD Rates Compare
To get a 2.50% APY on a CD that's available nationwide without restrictions, you have to go with a 7-year term. That's available at both PenFed and Patelco Credit Union. The best 60-month CD rate is 2.25% APY at Astera Credit Union. These rates are accurate as of 5/30/2012.
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.