Rockland FCU (MA) Boosts 11-Month CD Rate


Availability: Residents of the Massachusetts Counties of Barnstable, Bristol, Middlesex, Norfolk, Plymouth, and Suffolk.

Massachusetts based Rockland Federal Credit Union (RFCU) began the week by raising the rate on its 11-month Share Certificate (1.40% APY). The minimum opening deposit is $500,with no maximum balance cap.

The 11-month Share Certificate is also offered as an IRA (Traditional, Roth and CESA), earning same APY and with the same funding requirements.

0.80%$500-Rockland Federal Credit Union11 Month Share Certificate
0.80%$500-Rockland Federal Credit Union11 Month IRA Certificate (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of October 20, 2016.

I first wrote about this Share Certificate in September 2014, when it was first added to RFCU’s product line. In the past 13 months, there have been 5 rate changes for the 11-month Share Certificate, with this week’s increase resulting in the highest APY to date.

  • 1.30% APY – September 27, 2014
  • 1.20% APY – October 17, 2014
  • 1.05% APY – November 11, 2014
  • 1.15% APY – July 1, 2015
  • 1.25% APY – July 21, 2015
  • 1.40% APY – October 18, 2015

According to CSR, the Early Withdrawal Penalty for any RFCU Share Certificate with a term of 1 year or less is 3 months interest.


Rockland Federal Credit Union is community based credit union, with individuals who live or work in the Massachusetts Counties of Barnstable, Bristol, Middlesex, Norfolk, Plymouth, and Suffolk eligible for membership.

Immediate family members of current or eligible members can join, whether they live or work in one of the qualifying counties or not; it is not necessary for the family member to join the Credit Union.

For complete details, please refer to RFCU’s Membership Eligibility page.

The membership application process for RFCU is slightly different from what one usually encounters: while the application is available online, it must be submitted online and then printed out and mailed to RFCU.

When complete, please press SUBMIT. To complete the account opening process, please print this completed form, sign and date it and mail it to us with your opening deposit of $5.00 or more.

Opening a CD can be done either online or at any of 10 Massachusetts branches located in Attleboro (2), Hanover, Mansfield, Marshfield, North Attleboro, Plymouth, Rockland, Walpole, and Weymouth.

Credit Union Overview

Rockland Federal Credit Union has an overall health grade of "A+" at, with a Texas ratio of 2.59% (excellent), based on June 30, 2015 data. In the past year, RFCU increased its total deposits by $60.43 Million, an excellent annual growth rate of 5.82%. Please refer to our financial overview of Rockland Federal Credit Union for more details.

Rockland Federal Credit Union (NCUA Charter #242244) is a relatively young financial institution, having been established in 1985. RFCU has not always had an easy road: in 1994 the credit union was in conservatorship when a new CEO, Thomas White, was brought on board. White had developed a reputation for saving troubled credit unions, and his mission was to take charge and restore the credit union to health.

At its low point, RFCU's assets had shrunk to $189 million. By early 2004 the count was up to $610 million. Today, the credit union is a member of the billionaire's club, with $1.4 Billion in assets and close to 173,000 members.

How the Share Certificate Compares

When compared to the 334 similar length-of-term CDs tracked by, that require a similar minimum deposit and are available to Massachuetts residents, Rockland Federal Credit Union's 11-month Share Certificate currently ranks first.

The above rates are accurate as of 10/20/2015.

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

Rockland Federal Credit Union (MA) Has A New Great Rate 11-month CD

Over the weekend, the Rockland Federal Credit Union (Massachusetts) introduced a new 11-month CD (1.30% APY). The minimum deposit to open is $500 and there is no maximum balance cap. This 11-month CD is also offered as an IRA (Traditional, Roth and CESA) with the same opening deposit requirement and at the same APY.


Rockland Federal Credit Union is community based credit union, with individuals who live or work in the Massachusetts Counties of Barnstable, Bristol, Middlesex, Norfolk, Plymouth of Suffolk eligible for membership....

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3.80% Reward Checking Account at Rockland Federal Credit Union in MA
Update 10/04/09: The credit union has discontinued the reward checking account as of 10/01/09. The rate for existing accounts dropped to 3.80% APY.

Rockland FCU is offering a reward checking account called Extra Checking. It pays 3.80% APY on balances up to $50,000 (0.30% for above) and refunds ATM surcharges up to $10 per month if the following requirements are met:
  • 10 debit card purchases per month
  • direct deposit of at least $100
  • Enroll in e-statements and online banking
If these are not met, the rate falls to 0.30%. There is no monthly service...

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