|1.01*%||$25k||-||Workers Credit Union||18 Month Member Relationship CD|
|OTHER TIERS: 0.90% → $500 - $25k|
|1.01*%||$25k||-||Workers Credit Union||18 Month Member Relationship IRA (Traditional, Roth)|
|OTHER TIERS: 0.90% → $1k - $25k|
Workers Credit Union is offering two competitive rates on its CDs and IRA CDs. The short-term CD deal is an 18-month CD with a 1.50% APY. The long-term CD deal is a 6-year CD with a 2.50% APY. Minimum deposit is $500 for CDs and $1,000 for IRA CDs. These are Member Relationship CD rates which require a Workers’ checking account with at least one monthly direct deposit of pay or Social Security. Without the relationship, the rates are 75 basis points lower. These are rates are listed in the credit union's rates page as of 10/9/2012.
According to the account disclosure, the early withdrawal penalty is 180 days of dividends on the amount withdrawn for terms over 1 year.
There's an online application that allows people to join the credit union and open accounts.
Credit union membership is open to anyone who lives or works in Massachusetts and Southern New Hampshire. Please refer to the credit union's About page for more details. A minimum $25 balance is required in the membership account.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 5.88% (excellent) based on June 2012 data. Please refer to our financial overview of Workers Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 66479).
How These CD Rates Compare
The highest CD rate that's nationally available is 2.25% APY for a 7-year term at Air Force Federal Credit Union. The highest for a 7-year bank CD is 2.00% APY at Discover Bank. There aren't many 6-year CDs, and those that are nationally available have rates under 2.00%.
These rates are accurate as of 10/9/2012.
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.