Liberty Bay Credit Union (MA) Offers 15-Month Bump-Up CD Special


Deal Summary: 15-month Bump-Up CD Special, 0.70% APY, $10k minimum, one-time rate increase option.

Availability: 97 named towns in Middlesex, Norfolk, Plymouth, and Suffolk Counties, Massachusetts (greater Boston metro area).

Liberty Bay Credit Union (Liberty Bay) is currently offering a 15-month Bump-Up CD Special, which earns 0.70% APY. The minimum opening deposit is $10k, with no stated balance cap.

As stated in the fine print on the CD Rates page,

Bump-Up rate change is based upon the WSJ published Federal Funds rate change. In the event of a published rate increase, existing 15-month CD holders have the opportunity to request a one-time matching rate increase of up to 0.25%.

15-month CD holders are responsible for contacting Liberty Bay to redeem the rate-increase feature prior to initial maturity date.

The Early Withdrawal Penalty can also be found on the CD Rates page and read as follows:

A 180 day interest penalty will be imposed for early withdrawals.

Funding and Maturing Funds

Funding a Bump-Up CD Special can be done by ACH, wire transfer, check, or internal transfer, with the rate locking in when funds are received. Maturing funds will be distributed by wire, by check to the address on file, or transferred to a Liberty Bay savings or checking account. There is a ten-day grace period before a CD automatically renews.

At maturity, CD automatically renews at the then current market rate for the same term and will no longer offer the bump up feature. In the event the same term is not offered, CD will automatically renew into the closest term greater than the existing term.

Massachusetts Share Insurance

In addition to the NCUSIF insurance, Liberty Bay’s deposits are also covered by the Massachusetts Share Insurance Corporation.

MSIC now fully insures excess shares and deposits above the federal insurance limit of $250,000 at ALL of member credit unions. As a result of the new law, MSIC will now fully insure excess shares and deposits without limits that exceed NCUSIF coverage.


Headquartered in Braintree, Massachusetts, Liberty Credit Union’s field of membership is primarily residency-based, with individuals who live, work, or attend school in 97 named towns in Middlesex, Norfolk, Plymouth, and Suffolk Counties (includes the greater Boston metropolitan area) eligible to join.

Employees and members of Liberty Bay’s 25 Partner Organizations (including the Massachusetts State Police) qualify for membership.

Immediate family and household members of existing Liberty Bay members are welcome to apply. Liberty Bay defines “immediate family” as spouse, child, sibling, parent, grandparent, grandchild, stepparent, stepchildren, stepsibling and anyone in an adoptive relationship. “Household member” is defined as anyone living in the same residence, maintaining a single economic unit.

Joining Liberty Bay and/or opening a Bump-Up CD Special can be done online, or at any of the four Massachusetts branches located in Braintree, Hingham, Scituate, and Woburn.

As stated on the COVID-19 Preparedness & Precautions page, appointments are not required but are recommended.

Branch lobbies are open for all transaction types.

Members who wish to make an appointment in advance to meet with a Member Service Representative, Loan Officer, or any other staff member may submit an appointment request form.

According to Liberty Bay’s How to Join page, “it’s ridiculously easy” to join.

Open your Savings Account with a $5 deposit. This account is the foundation of your membership with us; that $5 deposit makes you a member-owner and gives you a say in the credit union’s decision. You can fund this account with either a credit card, debit card, checking account, or savings account.

Liberty Bay participates in both the CO-OP Shared Branch and ATM networks

Credit Union Overview

Liberty Bay Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.29% (excellent) based on March 31, 2021 data. In the past year, Liberty Bay has increased its total non-brokered deposits by $62.72 million, an excellent annual growth rate of 12.77%. Please refer to our financial overview of Liberty Bay Credit Union (NCUA Charter # 67541) for more details.

Founded in 1917 as the Telephone Workers’ Credit Union, Liberty Bay Credit Union is one of the oldest and most established credit unions in New England. The original FOM was exclusive to the employees of New England Telephone (now known as Verizon New England, Inc.). With more than 26,000 members and assets in excess of $702 million, Liberty Bay Credit Union is currently the 20th largest credit union headquartered in Massachusetts.

How the Bump-Up CD Compare

When compared to the similar length-of-term CDs tracked by that require a minimum deposit of $10k or less and are available within the FOM, Liberty Bay Credit Union’s 15-month Bump-Up CD Special APY currently ranks third.

The above information and rates are accurate as of 6/7/2021.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.

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

5.23% 60-Month / 5.13% 24-Month CD at a Massachusetts CU (Telephone Workers')
Telephone Workers' Credit Union is offering high rates on its certificates of deposit. The yields include 5.23% APY for a 60-month term, 5.18% APY for a 48-month term and 5.13% APY for terms from 12 to 36 months. The minimum deposit is $1,000 for terms of 18 months and shorter, and $500 for the longer terms. These are also available as an IRA CD.

Membership is open to anyone who lives, works, or attends school in one of dozens of towns in the Greater Boston area or in one of several...

Continue Reading
$90 Checking Account Bonus at a Massachusetts CU (Telephone Workers')
Telephone Workers' Credit Union has a checking account promotion with a $90 bonus for opening a Free Benefits Checking Account with direct deposit. A minimum deposit of $5 is required. The $90 bonus will be deposited into your Free Benefits Checking Account after your first direct deposit. Offer expires 8/31/07. They also are having a HELOC promotion.

Field of membership includes anyone who lives, works, or attends school in one of dozens of towns in the Greater Boston area or in one of several neighborhoods inside Boston. See the membership page...

Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.