IC FCU (MA) Adds 1-Year Relationship CD Special


Deal Summary: 1-Year Relationship CD, 1.59% APY, $500 minimum deposit, new money, Promo Code 1705 must be used. Intelligent Checking™ and debit card required to obtain the 1.59% APY.

Availability: Residents of the Massachusetts counties of Franklin, Hampden, Hampshire, Middlesex, Norfolk, and Worcester.

IC Federal Credit Union (IC FCU) has added a 1-year Relationship CD (1.59% APY). The minimum opening deposit is $500 of new money, with no stated balance cap. According to the promotion page,

An IC Intelligent Checking™ Account and a debit card are required to
obtain the 1.59% APY during the term of the share certificate of deposit.

The 1-year Relationship CD was available for a limited time more than a year ago. This current offering is definitely a new-and-improved version, with an APY that’s 34 bps higher than before. If I were a prognosticator, I might say this rate increase is a good sign of a rising interest rate environment.

According to CSR, the Early Withdrawal Penalty on the 1-year Relationship CD is 90 days interest.

Intelligent Checking™

IC FCU’s Intelligent Checking™ has been earning 2.59% APY on qualifying balances up to $15k for more than three years. Qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

2.59*%-$15kIC Federal Credit UnionIntelligent Checking
OTHER TIERS: 0.25% $15k+
Rates as of March 17, 2018.

Qualifying Requirements

  • At least 12 debit card purchases
  • Receive e-statements
  • Either a Direct Deposit or one ACH transaction per statement cycle

The Intelligent Checking™ has no monthly fees or minimum balance requirements, but does require an initial deposit of $50 to open the account. ATM fees will be reimbursed up to $5 per statement cycle, if qualifying requirements are met.


Headquartered in Fitchburg, Masssachusetts, IC Federal Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, attend school, or participate in associations headquartered in the Massachusetts counties of Franklin, Hampden, Hampshire, Middlesex, Norfolk, and Worcester, eligible to join.

For complete details, please refer to IC FCU’s Membership page.

Joining IC FCU can be done online, or in person at any of eight Massachusetts branches located in Ayer, Fitchburg (4), Leominster, Westminster, and Worcester.

Opening a Relationship CD requires an in-person visit to any of the above mentioned branch locations. Promo Code “1705” must be used when opening to obtain the special rate.

An Intelligent Checking™ account can be opened online or in-branch.

Credit Union Overview

IC Federal Credit Union has an overall health rating of "A" at DepositAccounts.com, with a Texas Ratio of 6.36% (excellent) based on March 31, 2017 data. In the past year, IC FCU has increased its total non-brokered deposits by $22.76 million, an excellent annual growth rate of 6.45%. Please refer to our financial overview of IC Federal Credit Union (NCUA Charter # 24250) for more details.

Chartered in 1928, IC Federal Credit Union’s beginnings can be traced to the basement of the Immaculate Conception Church in Fitchburg. Originally established for the benefit of the Church’s parishioners, the charter was changed in 1986, allowing the FOM to expand. The IC Federal Credit Union re-rebrand occurred at the same time; the “IC” stands for “Intelligent Choice.” IC Federal Credit Union is currently Massachusetts 22nd largest credit union, with more than 34,700 members and assets in excess of $519 million.

How the CD Compare

When compared to the 390 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the FOM, IC Federal Credit Union's 1-Year CD Special APY currently ranks second.

The above rates are accurate as of 8/24/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: Boston CD rates, 1-year CD rates

IC FCU (MA) Has CD Specials With Checking Relationship
Availability: Residents of the Massachusetts counties of Franklin, Hampden, Hampshire, Middlesex, Norfolk, and Worcester.

IC Federal Credit Union (IC FCU) is currently offering promotional rates on its 6-month CD Special 1.00% APY) and 1-year CD Special (1.25% APY) when opening an Intelligent Checking™ account. (If opened without an Intelligent Checking™ account, the APY on the 6-month CD Special is 0.75% and 1.05% on the 1-year CD Special.)

An IC Intelligent Checking™ Account with a monthly direct deposit is required
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