Deposit Rates | Rates For Certificates Of Deposit

In Your Best Interest

Earn competitive rates on all of our interest bearing accounts including Share Savings and Club Accounts, Money Manager and CDs, plus IRAs and NOW checking.

Deposit rates effective 1/02/09

Certificates of Deposit

Term

Interest Rate

APY*

Minimum

5 Year Term

3.25

3.30

$500

4 Year Term

3.25

3.30

$500

3 Year Term

3.25

3.30

$500

2 1/2 Year Term

2.96

3.00

$500

2 Year Term

2.91

2.95

$500

1 1/2 Year Term

2.76

2.80

$500

1 Year Term

2.66

2.70

$500

6 Month Term

2.56

2.60

$500

91 Day Term

2.23

2.25

$500

Starter CD 1 Year Term

2.76

2.80

$100

13-Month Add-on Term**

2.66

2.70

$500

33-Month Add-on Term***

3.25

3.30

$500

Starter CD: two additional deposits of at least $100 each allowed. Available to members aged 10 to 23, Maximum amount is $2500, one Starter CD allowed per member.

**one additional deposit allowed in 13 month term.
***two additional deposits allowed in 33 month term.
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*APY = Annual Percentage Yield. Early withdrawal penalties apply on all certificate accounts.

IRA Options

Certificate

Interest Rate

APY*

Minimum

5 Year Certificate

3.34

3.40

$500

4 Year Certificate

3.34

3.40

$500

3 Year Certificate

3.34

3.40

$500

2 1/2 Year Certificate

3.05

3.10

$500

2 Year Certificate

3.00

3.05

$500

1 1/2 Year Certificate

2.86

2.90

$500

1 Year Certificate

2.76

2.80

$500

6 Month Certificate

2.66

2.70

$500

91 Day Certificate

2.23

2.35

$500

Variable Rate Account

1.14

1.15

$25

13-Month Add-on Term**

2.76

2.80

$500

33-Month Add-on Term***

3.34

3.40

$500

Tiered Money Manager Accounts**

Level

Interest Rate

APY*

Minimum

$2,500- $9,999

1.00

$2500

$10,000-$24,999

1.49

1.50

$10,000

$25,000 -$49,999

1.74

1.75

$25,000

$50,000 -$99,999

2.42

2.45

$50,000

$100,000 & above

2.71

2.75

$100,000

** If balance falls below $2,500 you will earn the same rate as the share savings . Minimum to earn is $25.00.

Other Accounts

Account

Interest Rate

APY*

Minimum

Holiday Club/Second Savings/Tax Escrow (variable)
*$25 minimum to open(variable)

0.75

$25

NOW Checking* (variable) Discontinued 10/1/08

0.25

$15

Advantage Checking (balances under $2,500)

0.10

Advantage Checking (balances over $2,500)

1.25

$2,500

Benefit Checking

0.25

*Fees may reduce earnings on this account

Share Savings

Account

Dividend Rate

APY*

Minimum

Share Savings Account (variable) $25 minimum to open and to earn APY

0.75

n/a

Rates are reviewed weekly and subject to change. The Annual Percentage Yield (APY) assumes principal and interest remain on deposit for one year and the rate to be the same at each renewal period. Interest is compounded daily and payable monthly on all accounts with the exception of the Money Manager Accounts. Interest on those accounts is both compounded and payable monthly. There is a substantial penalty for early withdrawal on Certificates.

The amount on deposit is fully insured up to the legal limitations. The first $250,000 is insured by the National Credit Union Share Insurance Fund (NCUSIF). The basic insured amount for each member is $250,000. In addition to being federally insured, any amount on deposit exceeding $250,000 is insured in full up to the legal limitations (single accounts to $600,000 plus interest and joint accounts to $1,200,000 plus interest) by the Massachusetts Share Insurance Corporation (MSIC).

IRA deposits are insured separately under NCUSIF up to $250,000. Any IRA exceeding $250,000 is insured for an unlimited amount by the MSIC.

NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government.