Rockland Federal Credit Union (MA) Boosts 15-Month CD

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Deal Summary: 15-month Share Certificate, 3.00% APY, $500 minimum deposit, $250k maximum deposit per member.

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

Rockland Federal Credit Union (RFCU) has raised the rate on its 15-month Share Certificate to 3.00% APY. This week’s addition of 100 bps is the fifth rate increase in the past year, with the 15-month Share Certificate gaining a total of 200 bps during that time. The minimum opening deposit is $500, with a $250k maximum deposit per member.

The 15-month Share Certificate is also offered as an IRA (Traditional, Roth, and CESA), earning same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 15-month Share Certificate is “a loss of six months of interest.”

Massachusetts Share Insurance

In addition to the NCUSIF insurance, RFCU’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.

Availability

Headquartered in Rockland, Massachusetts, Rockland Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live or work in the Massachusetts counties of Barnstable, Bristol, Middlesex, Norfolk, Plymouth, or Suffolk eligible for membership.

Immediate family members of current members or membership-eligible individuals can join, whether they live or work in one of the qualifying counties or not. In this instance, immediate family members are defined as spouse, parent, child, sibling, grandparent or grandchild.

The RFCU online membership application process for is slightly different: while the application is available online, it must be submitted online, 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 Share Certificate can be done by using the ”online application” or at any of the ten 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 DepositAccounts.com, with a Texas Ratio of 1.12% (excellent), based on March 31, 2018 data. In the past year, RFCU increased its total non-brokered deposits by $61.73 million, an excellent annual growth rate of 4.82%. Please refer to our financial overview of Rockland Federal Credit Union (NCUA Charter #24224) for more details.

Rockland Federal Credit Union is a relatively young financial institution, having been established in 1985. RFCU has not always traveled 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, assets had grown to $610 million. RFCU is currently Massachusetts’ third largest credit union, with more than 181,000 members and assets in excess of $1.6 billion.

How the Share Certificate Compares

When compared to the 318 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Rockland Federal Credit Union's 15-month Share Certificate APY currently ranks second.

The above rates are accurate as of 8/3/2018.

To search for the best CD rates, both nationwide and state-specific, please refer to our CD rates table page.

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

Comments
RichReg
RichReg   |     |   Comment #1
Nice rate..wish I lived in MA.
It would appear that yet another wave of interest wars is almost upon us.
RJM
RJM   |     |   Comment #2
I like to see good rates, even if I don't qualify. And I do qualify for the 3.15% 18 month. Still contemplating it. i was able to ach pull from Penfed to and via my broker. (they previously told me I could not) And it sits at 1.85% for the weekend. Right now its the 18 month at 3.15% or to Northern for 2.26%. If I do the 3.15% I will pull more from Northern too.

So Monday or Tuesday would be a good time for another bank to step up.

A 3% one year or 3.50% two year is what I want. Else I will probably settle for the 18 month at 3.15 I guess.

As much as I really don't want yet another bank, its inevitable if we want to reward those with top rates and I do.

Hey Ally, remember when I was over the FTC limit? Yeah, now its $300. That was not by accident.
Rockland FCU (MA) Debuts 20-Month Share Certificate
Deal Summary: 20-month Share Certificate, 2.50% APY, $500 minimum deposit, $250k maximum deposit per member.

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

Rockland Federal Credit Union (RFCU) has added a new 20-month Share Certificate, which earns an attention-grabbing 2.50% APY. The minimum opening deposit is $500, with a $250k maximum deposit per member.

The 20-month Share Certificate is also offered as an IRA (Traditional, Roth, and CESA), earning same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for...

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Rockland Federal Credit Union (MA) Hikes 18-Month CD Rate
Availability: Residents of the Massachusetts Counties of Barnstable, Bristol, Middlesex, Norfolk, Plymouth, and Suffolk.

Rockland Federal Credit Union (RFCU) ended 2016 by raising the rate on its 18-month Share Certificate (1.50% APY) by 40 basis points. The minimum opening deposit is $500, with no stated balance cap.

In the past six years, there have been 15 rate changes for the 18-month Share Certificate, with this week’s increase resulting in the highest APY to date.

The 18-month Share Certificate is also offered as an IRA (Traditional, Roth and CESA), earning...

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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.

I first wrote about this Share Certificate in September 2014, when it was first added to RFCU’s product line. In...

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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.

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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:
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  • direct deposit of at least $100
  • Enroll in e-statements and online banking
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