Leominster CU (MA) Offers 27-Month CD Special

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

Leominster Credit Union’s (LCU) 27-month Term Share CD Special (1.60% APY) was added to the product line a year ago, and its current APY has been in effect since September 2015. The minimum opening deposit is $1k, with no balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.45%$1k-Leominster Credit Union27 Month Term Share CD Special
1.45%$1k-Leominster Credit Union27 Month Term Share IRA Special (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of December 6, 2016.

The 27-month Time Share CD Special is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

As stated on the Truth in Savings page, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of more than one year: The penalty we may
impose will equal 180 days dividends on the amount withdrawn subject to penalty.

Availability

Headquartered in Leominster (40 miles west of Boston), Leominster Credit Union’s field of membership is residency based, with individuals who live, work, or “have business” in the Massachusetts counties of Franklin, Hampden, Hampshire, Middlesex, Norfolk, or Worcester eligible for membership.

Joining LCU and/or opening a Term Share CD can be done online, or at any of nine Massachusetts branches located in Clinton (2), Holden, (2), Leominster (2), Sterling, and Worcester (2). As stated on the first page of LCU's online application,

Once your account is opened you will be required to print out
documentation and mail or drop off at one of our locations.

Credit Union Overview

Leominster Credit Union (NCUA Charter # 66699) has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 3.78% (excellent) based on March 31, 2016 data. LCU has an above average capitalization level of 10.71%, a result of holding $620.87 million in assets with $66.47 million in equity. Please refer to our financial overview of Leominster Credit Union for more details.

Founded in 1953, Leominster Credit Union was the brainchild of several Leominster citizens, who recognized the need for a local financial institution where local residents could obtain small loans at reasonable rates. At first, LCU was open only one night a week, with the office located in a back room in of a local printing press. Leominster Credit Union has grown to become Massachusetts’ 14th largest credit union, with more than 54,200 members and assets in excess of $620 million.

How the CD Compares

When compared to the 322 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to residents in Central Massachusetts, Leominster Credit Union's 27-month Term Share CD Special APY currently ranks second.

The above rates are accurate as of 7/10/2016.

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

Comments
Top 3-Year CD Rate at Leominster Credit Union in MA - Local Only

If a 5-year term is too long for you, a 3-year CD may be a better maturity length. Unfortunately, most 3-year CD rates are under 2.00%. That's not the case with Leominster Credit Union which was one of the very few institutions to raise CD rates in February. Its 3-year CD and IRA CD have a 2.00% APY. Its 5-year CD and IRA CD rate remained the same in February, but they remain competitive with a 2.25% APY. Minimum deposit is $1,000. These rates are listed in the credit union's...

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4.01% Reward Checking Account at Leominster Credit Union in MA - Local Only
Update 11/22/09: The 4.01% APY is guaranteed until 12/31/09.

Leominster Credit Union has a reward checking account that it calls Remarkable Rewards Checking. The account offers the following rates and features if certain monthly requirements are met:
  • 4.01% APY on balances up to $25,000
  • 1.01% APY on the portion of the balance over $25,000
  • 0.10% base rate if qualifications are not met
  • ATM fee refunds without limit
The monthly requirements include:
  • 10 debit card purchases
  • 1 direct deposit or auto pay
  • receive e-Statements
Additional features of the account regardless of the monthly requirements include:
  • $25 minimum initial deposit
  • No minimum balance requirement
  • No...





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3.00% 30-Month CD & 2.50% 18-Month CD at Leominster Credit Union in MA - Local Only
Leominster Credit Union continues to offer very competitive mid-term CD and IRA CD rates. Below is a list of these rates based on the credit union's rate table as of 10/06/09.
  • 2.50% APY 18 month
  • 2.75% APY 24 month
  • 3.00% APY 30 month
  • 3.10% APY 36 month
Minimum deposit is $1,000.

This credit union has a history of competitive CD rates. My last post on this credit union was in early August when it was offering a 2% 7-month CD. The credit union also offers a reward checking account that currently pays 4.01% APY on balances...


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2.00% 7-Month CD & 2.50% 18-Month CD at Leominster Credit Union in MA - Local Only
Leominster Credit Union is offering a special 7-month CD with a 2.00% APY. Minimum deposit is $1,000. Some of the credit union's standard CDs are also competitive. These include a 2.50% APY 18-month CD and a 2.75% APY 2-year CD. The standard CDs are also available in an IRA. These rates are listed in the credit union's rate table as of 8/04/09.

This credit union has a history of competitive CD rates. My last CD post on this credit union was in March when it was offering a 3% 13-month special...

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3.00% 13-Month CD at Leominster Credit Union in Massachusetts
Leominster Credit Union is offering a special 13-month certificate with a 3.00% APY. Minimum deposit is $1,000. The special rate is listed in the credit union's rate table as of 3/18/09.

My last post on this credit union was in January when it was offering a 3.75% 7-month CD.

Membership is open to those who live, work, or have business in Worcester, Middlesex, Norfolk, Hampden, Franklin, or Hampshire Counties in Massachusetts. Refer to the credit union's Membership Eligibility Page for the full details. Membership requires maintaining a minimum $25 in a deposit...



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