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Current Savings and Money Market Rates

Rates as of  February 4, 2012

Personal Savings and Money Market Accounts^1,2,3

Rates subject to change without notice unless otherwise noted. Offers may be withdrawn at any time. Workers’ Credit Union membership required.

*Annual Percentage Yield (APY).

1. Interest compounded daily and paid monthly. Fees could reduce the earnings on these accounts.

2. APY assumes interest remains on deposit and any withdrawal will reduce earnings. Fees may also reduce earnings. Please see our “Fee Schedule” for specifics.

3. $25 minimum balance required to open except: Clubs require $5; Money Markets require $1,000; CDs require $500; IRA Certificates require $1,000 minimum balance to open.

4. Big Picture Checking Account required.

5. $500.00 minimum to open.

Disclosures
Fee Schedule
 

Workers' Credit Union offers competitive high interest rates on checking and savings accounts in Massachusetts.

Current Checking Rates

Rates as of  February 4, 2012

Personal Checking Accounts^1,2,3

Rates subject to change without notice unless otherwise noted. Offers may be withdrawn at any time. Workers’Credit Union membership required.

*Annual Percentage Yield (APY).

1. Interest compounded daily and paid monthly. Fees could reduce the earnings on these accounts.

2. APY assumes interest remains on deposit and any withdrawal will reduce earnings. Fees may also reduce earnings. Please see our “Fee Schedule” for specifics.

3. $25 minimum balance required to open except: Clubs require $5; Money Markets require $1,000; CDs require $500; IRA Certificates require $1,000 minimum balance to open.

4. This rate only applies to the first $25,000. Balances over $25,000 earn an APY of 0.75% .

5. When monthly requirements are not met each monthly statement cycle, the base rate of 0.10% APY will apply to the entire balance for the statement cycle.


Disclosures
Fee Schedule
 

Workers' Credit Union offers competitive high interest rates on checking and savings accounts in Massachusetts.

Certificates of Deposit Rates

Rates as of  February 4, 2012

Certificates of Deposit and IRA Certificates of Deposit – Member Relationship Pricing^2,3,5

Certificates of Deposit-Also Available for IRA's^2,3,5

	Tier I $500-$9,999.99		Tier II $10,000-$49,999.99		Tier III $50,000 or more
	Rate	APY*	Rate	APY*	Rate	APY*
3-Month(sup)4,6(/sup)	0.20%	0.20%	0.30%	0.30%	0.40%	0.40%
6-Month(sup)4(/sup)	0.40%	0.40%	0.50%	0.50%	0.60%	0.60%
12-Month(sup)1(/sup)	0.70%	0.70%	0.75%	0.75%	0.80%	0.80%
18-Month(sup)1(/sup)	0.70%	0.70%	0.80%	0.80%	0.90%	0.90%
24-Month(sup)1(/sup)	0.90%	0.90%	1.00%	1.00%	1.10%	1.10%
36-Month Bump-Up CD(sup)1,7(/sup)	1.05%	1.05%	1.14%	1.15%	1.24%	1.25%
36-Month(sup)1(/sup)	1.14%	1.15%	1.24%	1.25%	1.34%	1.35%
48-Month(sup)1(/sup)	1.44%	1.45%	1.54%	1.55%	1.64%	1.65%
54-Month(sup)1(/sup)	1.88%	1.90%	1.88%	1.90%	1.88%	1.90%
60-Month(sup)1(/sup)	1.79%	1.80%	1.88%	1.90%	1.98%	2.00%

Rates subject to change without notice unless otherwise noted. Offers may be withdrawn at any time. Workers’Credit Union membership required.

*Annual Percentage Yield (APY).

1. Interest compounded daily and paid monthly. Fees could reduce the earnings on these accounts.

2. Substantial penalty for early withdrawal.

3. APY assumes interest remains on deposit and any withdrawal will reduce earnings. Fees may also reduce earnings. Please see our “Fee Schedule” for specifics.

4. Simple interest paid at maturity.

5. $25 minimum balance required to open except: Clubs require $5; Money Markets require $1,000; CDs require $500; IRA Certificates require $1,000 minimum balance to open.

6. Available only for CDs, not available for IRA Certificates.

7. The “Bump-Up” Share Certificate is a variable rate term account. The certificate holder may exercise a one-time option to increase the dividend rate on the certificate at any time during the original 36 month term. The new dividend rate will be the current dividend rate available on a 36-month certificate, as of the date that the option is exercised, and will remain in effect from that date until the first maturity date of the certificate. The “Bump-Up” Share Certificate is a new, variable rate term account. The dividend rate increase (Bump-Up) option does not apply to existing fixed rate share certificates.

8. To receive Member Relationship pricing you must have an active checking account with direct deposit.

9. The 54-month CD Special has a maximum $250,000 limit per member, per account type. A member cannot be listed on
another 54-month CD over the $250,000 limit.

Disclosures
Fee Schedule
 

Workers' Credit Union offers competitive high interest rates on checking and savings accounts in Massachusetts.

Auto Loan Rates

Rates as of  February 4, 2012  

Search for a Car and Auto Loan Here

¹ All above rates represent the lowest possible rates currently offered. These rates include ½% discount applicable when a member has electronic loan payments. Rates subject to change without notice. Offers may be withdrawn at any time. Workers' Credit Union membership required. Subject to our normal credit requirements.

² 2.99% Annual Percentage Rate (APR), effective February 4, 2012 , requires automatic payment from a Workers’ Credit Union checking account with direct deposit and is subject to normal credit requirements.

Workers' Credit Union has low rates on new and used auto loans, auto refinancing and first time car buyers.

Recreational Vehicle Loan Rates

Rates as of  February 4, 2012  

Motorcycle Loan¹ New & Used (100% Financing Available)

Recreational Vehicle Loan ¹ (Up to 100% Financing)

Jet Ski & Snowmobile¹ (Up to 95% Financing)

		Annual Percentage Rate	Monthly Payment Per $1,000 Borrowed
			Amount	Based On
Up to 36 Months	as low as	7.99%	$31.33	36 Months
37 to 60 Months	as low as	8.99%	$20.75	60 Months

Manufactured / Mobile Home Loans¹ (Up to 80% Financing. Amounts up to $125,000)

		Annual Percentage Rate	Monthly Payment Per $1,000 Borrowed
			Amount	Based On
Up to 240 Months	as low as	7.99%	$8.36	240 Months

¹ All above rates represent the lowest possible rates currently offered. These rates include ½% discount applicable when a member has electronic loan payments. Rates subject to change without notice. Offers may be withdrawn at any time. Workers' Credit Union membership required. Subject to our normal credit requirements.

Workers' Credit Union has low rates on new and used auto loans, auto refinancing and first time car buyers.

Personal Loan Rates

Rates as of  February 4, 2012  

Personal Loan¹

Passbook & Certificate Loans

Checking Account Line of Credit ($25 annual fee)

¹All above rates represent the lowest possible rates currently offered. These rates include ½% discount applicable when a member has electronic loan payments. Rates subject to change without notice. Offers may be withdrawn at any time. Workers' Credit Union membership required. Subject to our normal credit requirements.

Workers' Credit Union has low rates on new and used auto loans, auto refinancing and first time car buyers.

Mortgage and Home Equity Rates

Rates as of  February 4, 2012

Mortgages

Chances are we helped your grandparents buy their home.

For nearly a century, Central Massachusetts residents have trusted Workers’ Credit Union for their home mortgages.  All lending decisions are made locally by people who live and work in your communities, you can make payments at the branches and your loan will be serviced by Workers’ Credit Union.

Workers' Finish Line Refi

*All Annual Percentage Rates (APRs) are based on $100,000 loan to purchase a single family primary residence at an 75% Loan-Io-Value (LTV) and a FICO Score of 740 or greater unless otherwise noted. Conforming Fixed Rate Loan Limits:  1 family $417,000; 2 family $533,850; 3 family $645,300; 4 family $801,950.  Reduced Closing Cost Option-Ask us about how we can greatly reduce your closing costs with alternative pricing options.

**Adjustable Rate Mortgage (ARM) rates for purchase and refinance of 1-4 family owner-occupied properties only. 5/1 ARM available for construction of single family owner-occupied property. Rates on ARMs may increase after closing at applicable adjustment term.  Maximum loan amount of $2,000,000 at an 80% Loan-To-Value (LTV). All APRs are based on $100,000 loan to purchase a single family primary residence at an 75% LTV.

ARMS 3/1, 5/1, 7/1:  Caps 2% per adjustment and 6% over the lifetime of the loan.  Index is 1 year treasury bill.  Margin is 2.75%.

ARM 5/5: Caps 3% per adjustment and 5% over the lifetime of the loan.  Index is 5 year treasury bill.  Margin is 2.75%.

***All Annual Percentage Rates (APRs) are based on $480,000 loan to purchase a single family primary residence at an 75% Loan-To-Value (LTV) and a FICO Score of 740 or greater unless otherwise noted. Jumbo Rate Loan limits: 1 family $2,000,000 at 80% LTV. Lesser loan limits apply on LTVs greater than 80%.

**** The Annual Percentage Rate (APR) is fixed, effective as of February 4, 2012 and includes a 0.50% discount with electronic loan payments from a Workers' Credit Union checking account. APRs are subject to change at any time. A 7-year term with an interest rate of 3.49% is repayable in 84 monthly installments of $13.44 per $1,000 borrowed. A 12-year term with an interest rate of 3.99% is repayable in 144 payments of $8.75 per $1,000 borrowed. Minimum loan amount $50,000. Minimum term of Finish Line Refi is five years, or 60 months and maximum term is twelve years, or 144 months. Borrower is responsible for property insurance and any cost or fees required by their current lender to have the loan refinanced with Workers' Credit Union. Maximum loan amount not to exceed 80% of property value. The program is available only for refinances of single-family, owner occupied primary residences and is not available to refinance current Finish Line Refi loans. Requires active direct deposit into a Workers' checking account within 60 days of Finish Line closing. Workers' Credit Union membership required. Open a $25 savings account when you close your loan and you will be a member.

We invite you to visit the site and use the Loan Consultant program to help determine which mortgage is right for you; interactive calculators to see if you can afford the home you want; and get pre–approved before you go house shopping. Click here  for a full listing of our mortgage rates.

At Workers’ Credit Union, your dreams are safe with us – just ask a neighbor.

Home Equity Lines of Credit^1,2

Home Equity Loan Rates

Click Here to Apply for a Home Equity
 

Home Improvement Loans⁸ (Up to $50,000. Other terms and rates available)

¹Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required. Subject to our normal credit requirements. Rates include a 0.50% discount for electronic payments from a Workers’ Checking Account.

²There is a 10-year draw period and a 10-year repayment period. Maximum 80% combined loan to value ratio. An annual fee of $30 will be waived if the borrower has monthly payment automatically withdrawn from a Workers’ checking account. Offer applies to new lines only, on owner-occupied primary residence. Homeowners insurance required. $350 early termination fee will be charged if discharged in the first two years. Offer may be withdrawn without notice. Workers’ Credit Union membership required. Subject to our normal credit requirements.

³$399 non-refundable application fee. Minimum loan amount $50,000. Terms are a minimum of 5 years and a maximum of 12 years. Borrower is responsible for property insurance and any cost or fees required by their current lender to have the loan refinanced with Workers’ Credit Union. Maximum loan amount not to exceed 80% of property value. The program is available only for refinances of single-family, owner occupied primary residences and is not available to refinance current Finish Line Refi loans. Requires automatic payment from a Workers’ checking account, and active direct deposit into checking account within 60 days of Finish Line closing.

⁴The interest rate will be set on the first day of each month at 1.00% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month or the floor rate of 5.00% with a periodic rate of .01370%, whichever is greater. Maximum interest rate is 18.00% and the minimum interest rate is 5.00%. Minimum line amount is $50,000. Current Wall Street Journal Prime is 3.25%.

⁵An introductory Annual Percentage Rate (APR) of 1.99% until June 30, 2012 with a periodic rate of 0.00545. Thereafter, the APR will be set on the first business day of each month which will be either a floor rate of 3.99% APR with a periodic rate of 0.0109%, or, .50% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Maximum interest rate is 18.00% and the minimum rate is 3.99%. Minimum line amount is $25,000. Current Wall Street Journal Prime is 3.25%.

⁶Introductory Rate of 3.99% APR for 36 months with a periodic rate of .0109%. Thereafter, the APR will be set on the first business day of each month which will be either a floor rate of 3.99% APR with a periodic rate of 0.0109%, or, .50% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Maximum interest rate is 18.00% and the minimum interest rate is 3.99%. Minimum line amount is $25,000. Current Wall Street Journal Prime is 3.25%.

⁷Annual Percentage Rate (APR) includes a .50% discount for automatic electronic loan payments from any Workers’ Checking Account. Other rates and terms are available. Rates subject to change without notice. Maximum 80% loan to value ratio. Offer applies to new loans only on owner-occupied primary residence. Homeowners insurance required. Subject to our normal credit requirements.

⁸Above rate represent the lowest possible rates currently offered. This rate include ½% discount applicable when a member has electronic loan payments. Rate subject to change without notice. Offer may be withdrawn at any time. Workers' Credit Union membership required. Subject to our normal credit requirements.

Compare Workers' Credit Unions rates, terms and points when buying your first home, searching
for a new mortgage or refinancing your current mortgage.