Metro Credit Union (MA) Boosts 36-Month CD Rate By 135 bps


Deal Summary: 36-month CD, 2.25% APY, $500 minimum deposit.

Availability: Residents of the eastern Massachusetts counties of Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester.

At the beginning of the week, Metro Credit Union (Metro CU) increased the rate on its 36-month CD (2.25% APY) by a whopping 135 bps. The minimum opening deposit is $500, with no stated balance cap.

1.10%$500-Metro Credit Union36 Month IRA (Traditional, Roth)
0.95%$500-Metro Credit Union36 Month CD
Rates as of July 2, 2022.

The CD is also offered as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

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

Terms longer than 1 year – 3 months of interest

Online Money Market

Metro CU’s Online Money Market has been earning 1.25% APY on balances of $10k+ since November 2016. The minimum opening deposit is $2k of new money, with no stated balance cap. As the name indicates, the account must be opened online.

CSR clarified that while the opening deposit must be new money, subsequent deposits are not required to be new money. CSR also stated that following the online account opening, further transactions can be done in-branch.

The fine print for the Online Money Market account states:

On daily balances below $2,000, rate will be comparable to the regular savings rate. Low balance fee of $5.00 if month end balance is less than $2,000 and no associated loan product.


Headquartered in Chelsea, Metro Credit Union offers membership to anyone who lives, works, or owns a business in the Massachusetts counties of Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester.

More than 1,800 Massachusetts employers offer the "[email protected]" workplace banking program, which automatically deposits a set amount (your choice) from your payroll check into your Metro Credit Union account. For more details, please refer to Metro CU’s [email protected] page.

Joining Metro CU and/or opening a CD can be done online, or at any of 15 Massachusetts branches located in Boston (4), Burlington, Chelsea (2), Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, and Tewksbury.

Credit Union Overview

Metro Credit Union has an overall health grade of "A" at, with a Texas Ratio of 1.58% (excellent) based on June 30, 2017 data. In the past year, Metro CU has increased its total non-brokered deposits by $151.64 million, an excellent annual growth rate of 13.05% APY. Please refer to our financial overview of Metro Credit Union (NCUA Charter # 66364) for more details.

Metro Credit Union is currently the second largest credit union in Massachusetts, with more than 194,400 members and assets in excess of $1.6 billion. Established in 1926 with less than $2,000 and 35 members, Metro CU surpassed the $1 billion mark in 2013, a result of its many years of growth through acquisition. Described as "one of the most aggressively growing credit unions in Massachusetts," Metro CU’s field of membership expanded in February 2016 to include the residents of Bristol County.

How the CD Compares

When compared to the 381 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Metro Credit Union’s 36-Month CD APY currently shares the top spot with Primary Bank’s 3-year CD.

The above rates are accurate as of 10/5/2017.

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 money market accounts, money market accounts, 5-year CD rates

  |     |   Comment #1
Why doesn’t triangle cu’s 35 month special show up?
Ken Tumin
  |     |   Comment #2
Thanks for the comment. That is a good point about Triangle CU's 35mo CD special which currently also earns 2.25% APY. However, Triangle CU's FOM doesn't include a few counties (including Norfolk, Plymouth and Suffolk) that are included in Metro CU's FOM.
Metro CU (MA) Raises Rate Online Money Market
Availability: Residents of the eastern Massachusetts counties of Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester.

Metro Credit Union (Metro CU) introduced its Online Money Market in June 2015. Its initial rate of 1.25% APY on balances of $10k+ remained in effect until this past June, when the rate dropped to 1.20% APY, and the minimum balance was raised to $50k.

Metro CU has recently raised the rate to 1.25% APY and lowered the minimum balance to $10k. The minimum opening deposit is $2k of new money, with...

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Metro Credit Union (MA) Introduces Online Money Market

GOOD NEWS: A huge thank you to DA member, scottj, who provided the link to the online application! I have added the link to the "Availability" section.

UPDATE 7/6/2015: Many thanks to DA member, scottj, for his comment concerning the online availability of Metro CU’s Online Money Market. Bottom line, it can’t be opened through Metro CU’s main website. Further details in the "Availability" section of this blog.

Availability: Residents of the Massachusetts counties of Barnstable, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester.

Massachusett’s Metro Credit...

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Metro Credit Union (MA) Raises Rate On High Yield Savings - $25K Minimum

Earlier this week, Metro Credit Union (MA) raised the rate on its High Yield Savings Account: balances above $25K now earn 1.15% APY, with no maximum balance cap. Balances between $10K and $25K earn 0.20%APY, with balances under $10K earning 0.15% APY. The initial minimum deposit is $10K and the account requires new money to open.


The potential fees on this High Yield Savings Account are rather harsh and could easily negate the attractive 1.15% APY. These fees include:

  • $25 monthly service charge, which can be waived...
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5.55% 13-Month CD at a Massachusetts CU (Metro).
Metro Credit Union is offering a 13-month certificate of deposit special with a yield of 5.20% APY. A minimum deposit is $50,000. An extra 0.35% rate bump is provided if you open a Premiere Relationship with an Advantage Checking Account. The checking account has no minimum balance requirements. The only condition is that you do at least one bill payment or check every 3 months. The 13-month CD special ends on July 7, 2007.

Field of membership includes those who live or work in one of the following MA counties: Barnstable,...

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5.75% 12-Month / 5.80% 36-Month CD at a Massachusetts CU
Metropolitan Credit Union is offering several high yield CDs. These include a 5.75% APY 12-month CD, a 5.50% APY 9-month CD and a 5.80% APY 36-month CD. All have a minimum deposit of $500. IRA certificates are also available at these rates for terms of 12-months and longer.

The field of membership includes those who live or work in one of the following Massachusetts counties: Barnstable, Essex, Middlesex, Norfolk, Plymouth, Suffolk or Worcester. Membership is also open to employees of over 1,700 companies which are part of the [email protected] program.

Membership enrollment...

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