Rockland Federal Credit Union (MA) Offers Competitive 9-Month CD

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Deal Summary: 9-month Share Certificate, 2.10% 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’s (RFCU) 9-month Share Certificate (2.10% APY) was a “New to Summary” CD in this week’s CD Rates Summary. The minimum opening deposit is $500, with a maximum deposit of $250k per member.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.50%$500$250kRockland Federal Credit Union9 Month Share Certificate
Rates as of November 16, 2020.

The 9-month Share Certificate was added to the product line in June 2019, earning 2.40% APY. The rate dropped dramatically to 1.50% APY in early September, with 60 bps added in early November.

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

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, and Suffolk eligible for membership.

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

The membership application process for RFCU 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 nine Massachusetts branches located in Attleboro, Hanover, Mansfield, Marshfield, North Attleboro, Plymouth, Rockland, Walpole, and Weymouth.

There is a Term Certificate Application for existing RFCU members. Like the Membership Application, it must be submitted online, then printed out and mailed to RFCU.

Credit Union Overview

Rockland Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.58% (excellent), based on September 30, 2019 data. In the past year, RFCU increased its total non-brokered deposits by $155.81 million, an excellent annual growth rate of 11.1%. Please refer to our financial overview of Rockland Federal Credit Union (NCUA Charter #24224) for more details.

Rockland Federal Credit Union opened its doors for business in 1922, with the current charter put in place 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, but by early 2004, assets had grown to $610 million. RFCU is currently Massachusetts’ third largest credit union, with more than 185,000 members and assets in excess of $1.8 billion.

How the Share Certificate Compares

When compared to 339 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 9-month Share Certificate APY currently ranks second.

The above rates are accurate as of 1/16/2020.

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

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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.

Availability

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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