MBTA Employees Credit Union has several high yield certificates with terms of 1-year and longer. They're offering a 6.43% APY CD with terms of 36 months, 48 months and 60 months. Also, there's a 6.17% APY 24-month CD, a 5.90% APY 18-month CD and a 5.64% APY 12-month CD. The minimum deposit is $500. The early withdrawal penalty for the 1-year CD is 30 days of interest. The penalty for the longer terms is 3 months of interest which is below average.
For those over 50 years old, you can also get an additional 0.15% interest on these CDs with deposits over $10K.
The field of membership includes employees of the employees of the Massachusetts Bay Transportation Authority, the community of South Boston and MBTA-affiliated unions.
Branches are located in South Boston, Medford and Quincy.
The credit union is NCUA insured. It has over $176 million in assets and 14,000 members.
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