Pioneer Valley Credit Union Offers Competitive 60-Month CD


Update: This article was published in 2019, and the rates listed below are no longer valid. Please refer to the rates section of our Pioneer Valley Credit Union profile page for up-to-date rates.

Deal Summary: 60-month Share Certificate – 3.50% APY, $25k minimum; 3.25% APY, $1k minimum.

Availability: Easy membership requirement for residents of Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.

When Pioneer Valley Credit Union (PVCU) raised the rate on its 60-month Share Certificate in early January, 3.50% APY just wasn’t that impressive for a variety of reasons. 1) At the time, the top rate for a nationally available 5-year CD was 3.69% APY, 2) there were three locally available 5-year CDs with rates of at least 4.00% APY, and 3) PVCU’s 60-month Share Certificate required a minimum $50k.

Five months later, the 3.50% APY is still in effect, but everything else has changed: 1) the top rate for a nationally available 5-year CD is currently 3.40% APY, 2) the top two rates for locally available 5-year CDs ($25k or less) are 3.55% APY and 3.51% APY, and 3) the minimum deposit for PVCU’s 60-month Certificate has dropped to $25k. All in all, 3.50% APY is looking rather competitive.

The 60-month Share Certificate is also available as an IRA (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

As stated in the Agreements and Disclosures (part of the online application), the Early Withdrawal Penalty reads as follows:

For Accounts with a term to maturity greater than 12 months,
the penalty imposed will equal six months dividends.

Funding and Accessing Maturing Funds

Funding a CD can be done by ACH, wire ($20 fee), or by mailing a check. (Surprisingly, PVCU does not participate in a shared branching network, so that convenient method of funding isn’t an option.) According to CSR, maturing funds can be distributed by check or transferred to a PVCU savings or checking account; ACH transfers are not available and outgoing wires have to be initiated in-branch.

Thanks to DA member, QED, for reminding me of PVCU's 60-month Share Certificate.

Refer a Friend and Earn $25

Every time you refer friends or family members who open a new membership with a direct deposit, you will receive a $25 deposit in your account. Click on the Refer a Friend Program Details and Application, print and fill out the form, and give it to your friends and family to bring in when they join PVCU.


Headquartered in Springfield, Massachusetts, Pioneer Valley Credit Union’s field of membership (FOM) covers six states, with residents of Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont, eligible for membership by joining the Massachusetts chapter of the American Consumer Council. According to PVCU’s online application, “Joining ACC, MA Chapter is free, which qualifies you for membership."

PVCU also offers membership to employees of more than 25 SEGs, including Baystate Health and several Springfield Division federal government agencies.

Relatives and household members of a current PVCU member are also welcome to apply.

Joining PVCU and/or opening a 60-month Share Certificate can be done online, or at any of three Massachusetts branches, located in Springfield (2) and Westfield.

A savings account with a $25 minimum balance establishes membership.

Credit Union Overview

Pioneer Valley Credit Union has an overall health grade of "A" at, with a Texas Ratio of 2.00% (excellent) based on December 31, 2018 data. In the past year, PVCU has increased its total non-brokered deposits by $9.62 million, an excellent annual growth rate of 16.98%. Please refer to our financial overview of Pioneer Valley Credit Union (NCUA Charter # 24443) for more details.

Chartered in 1923 as the Springfield Mass Post Office Employees Credit Union, Pioneer Valley Credit Union is considered to be the oldest operating postal credit union, although the FOM has expanding substantially. The Pioneer Valley region is Massachusetts’ portion of the Connecticut River Valley and includes the counties of Franklin, Hampden, and Hampshire. While PVCU is a relatively small credit union (9,700+ members and $89.1 million in assets), its six-state easy membership requirement provides the potential for significant growth.

How the Share Certificate Compares

When compared to the similar length-of-term CDs tracked by, which are available within the FOM, Pioneer Valley Credit Union’s 60-month Share Certificate Tier 2 APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 5/10/2019.

Looking for the best CD rates, either nationwide or in your state? Please refer to our CD Rates Table, page.

Related Pages: Springfield CD rates, 5-year CD rates

  |     |   Comment #1
Finally, a decent rate from a CU I can qualify for! I had no trouble opening the account. I phoned about something and a reasonable person answered my questions. An emails got a quick response.
  |     |   Comment #2
Still waiting for a 60 month 4% Apy. If so I'll be all in.
  |     |   Comment #4
I will settle for 3.85%, then i can ditch all my rewards checking accounts, even the 4%!
  |     |   Comment #3
Ken, did u read ranchorama comment?.....
  |     |   Comment #6
Its a very small CU but with a 6 month EWP and easy access customer service it sounds like a nice place to bank with.
  |     |   Comment #7
Which were the locally available 4 percenters back in January???
  |     |   Comment #8
Daniel -- I know that Bank of Utica (New York) was offering 5-year CDs, with a 4% APY, in January. They started offering that yield in the fall of 2018; I think it lasted through April 2019.
John R. Otten
  |     |   Comment #9
Correct, Anonymous. Problem is Bank of Utica only accepts deposits from residents of Herkimer, Oneida, and Madison counties, N.Y. That according to an Asst. V.P. in December. Too bad I live 100 miles away. It would have been worth the drive!
Pioneer Valley Credit Union Adds 13-Month CD Special
Deal Summary: 13-month Share Certificate Special, 2.80% APY, $1k minimum deposit, new money.

Availability: Easy membership requirement for residents of Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.

Last week, Pioneer Valley Credit Union (PVCU) introduced a 13-month Share Certificate Special, which earns 2.80% APY. This limited-time offer requires a minimum $1k opening deposit of new money, with no stated balance cap.

The 13-month Share Certificate Special is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

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Pioneer Valley FCU Offers 49-Month CD Special
Deal Summary: 49-month Share Certificate Special, 2.27% APY, $1k minimum deposit

Availability: Easy membership requirement for residents of Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.

Pioneer Valley Federal Credit Union (PVFCU) ended last week by introducing a new 49-month Share Certificate Special (2.27% APY). The minimum opening deposit is $1k, with no stated balance cap. This new Special is by far the most competitive Share Certificate in PVFCU’s product line.

The 49-month Share Certificate Special is also available as an IRA (Traditional, Roth,CESA), earning...

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.