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Current Savings and Money Market Rates

Open an Account    Calculators

Announcing Workers' GiveBack Program

Rates as of  April 19, 2014

Personal Savings and Money Market Accounts1,2,3

Dividend RateAnnual
Percentage Yield
Minimum Daily Balance to Earn Interest
cuSave - Online Savings(sup)5(/sup)0.75%0.75%$50
Share Savings (statement/passbook)0.20%0.20%$50
IRA Savings0.20%0.20%$50
Club Account0.20%0.20%$5
Student Savings1.00%1.01%$25
Personal Money Market Accounts (statement)0.20%0.20%$25
0.20%0.20%$1,000
0.25%0.25%$10,000
0.30%0.30%$50,000
Big Picture Super Savings(sup)4(/sup)0.20%0.20%$50
0.40%0.40%$1,000
0.50%0.50%$50,000
 


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 Offers may be withdrawn at any time.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 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

Open a Workers' Credit Union MA, High Interest Rate Checking Account    Calculators               Xtreme Checking Account

Rates as of  April 19, 2014

Personal Checking Accounts1,2,3

Dividend RateAnnual
Percentage Yield
Minimum Daily Balance to Earn Interest
Xtreme Checking(sup)4(/sup)1.99%2.00%$0 - $25,000
0.50%0.50%$25,000.01 or more
Interest Checking0.15%0.15%$25
0.20%0.20%$2,500
Just Checking0.00%0.00%$25
Student Checking0.00%0.00%$25
Big Picture Checking0.20%0.20%$25

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 Offers may be withdrawn at any time.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.

4. To earn Xtreme Checking rates you must do these three things: 12 debit transactions, have an eStatement and one Direct Deposit or ACH per statement cycle.  The 2.00%  Annual Percentage Yield (APY) applies to the first $25,000. Balances over $25,000 earn an APY of 0.50% . 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. The three monthly requirements are: a. 12 debit card transactions must be made  b. Monthly statement must be received electronically  c. Conduct one direct deposit or automatic withdrawal per month. Please review the complete Xtreme Checking Truth In Savings Disclosure.

Disclosures
Fee Schedule
 

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

Certificates of Deposit Rates

Open an Account    Calculators 1.00% 100 Day Certificate of Deposit

Rates as of  April 19, 2014

Our new Member Relationship CD Rates allows us to better serve our members wishing to establish and build a long-term relationship with the Credit Union. This begins with a Workers’ checking account with a monthly direct deposit. As member-owners, you deserve the best market rates for long-term CD commitments and we will strive to do what’s right for you.

Member Relationship Certificate of Deposit Rates - Also Available for IRA's2,3,5

Tier I
$500-$24,999.99
Tier II
$25,000 or more
RateAPY*RateAPY*
3-Month(sup)4,6(/sup)0.35%0.35%0.45%0.45%
6-Month(sup)4(/sup)0.50%0.50%0.65%0.65%
12-Month(sup)1(/sup)0.85%0.85%0.95%0.95%
18-Month(sup)1(/sup)0.90%0.91%1.00%1.01%
24-Month(sup)1(/sup)0.94%0.95%1.16%1.16%
36-Month(sup)1(/sup)1.14%1.15%1.36%1.36%
48-Month(sup)1(/sup)1.44%1.45%1.66%1.66%
60-Month(sup)1(/sup)1.64%1.65%1.82%1.82%
72-Month(sup)1(/sup)2.23%2.25%2.23%2.25%
100-Day Special(sup)7(/sup)1.00%1.00%1.00%1.00%

To qualify for Member Relationship CD Rates, you must have a Workers’ checking account with at least one monthly direct deposit of pay or Social Security. If you do not have a Workers’ checking account with direct deposit, click here to view non-relationship CD rates.


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. Penalty for early withdrawal may apply.

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. CDs require $500 minimum balance to open and IRA Certificates require $1,000 minimum balance to open.

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


Disclosures
Fee Schedule
 

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

Online Account Rates

Open an Account    Calculators                 Online Savings Account cuSave

Rates as of  April 19, 2014

At Workers', you can benefit from some of the highest interest rates on our savings and checking accounts.
That's just one more way of doing what's right for our members.

                                                                                                                       

Personal Savings and Checking Accounts1,2

Dividend RateAnnual
Percentage Yield
Minimum Daily Balance to Earn Interest
cuSave - Online Savings(sup)3(/sup)0.75%0.75%$50
Xtreme Checking(sup)4,5(/sup)1.99%2.00%$0 - $25,000
0.50%0.50%$25,000.01 or more

Rates subject to change without notice unless otherwise noted. Offers may be withdrawn at any time. A $25 Workers’ Savings Account or cuSave Account is required for membership.

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

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

3. $500.00 minimum to open. This will also be your membership account.

4. The Annual Percentage Yield (APY) applies to the first $25,000. Balances over $25,000 earn an APY of . When monthly requirements are not met each monthly statement cycle, the base rate of APY will apply to the entire balance for the statement cycle. The three monthly requirements are: a. 12 debit card transactions must be made b. Monthly statement must be received electronically c. Conduct one direct deposit or automatic withdrawal per month. Please review the complete Xtreme Checking Truth In Savings Disclosure.


5. $25 minimum balance required to open.

Disclosures
Fee Schedule
 

Workers' Online Certificates of Deposit are available for 6, 12, and 24 month terms.
These CDs are only available online.

Certificate of Deposit1,2,3

RateAnnual
Percentage Yield
6-Month CD(sup)4(/sup)0.60%0.60%
12-Month CD(sup)5(/sup)0.95%0.95%
24-Month CD(sup)5(/sup)1.05%1.05%

Rates subject to change without notice unless otherwise noted. Offers may be withdrawn at any time. A $25 Workers’ Savings Account or cuSave Account is required for membership.

Online Certificates of Deposit are available to individuals only (no business or brokers); a maximum of $250,000 per member; CD rates subject to additional requirements when opened in a branch.

1. Substantial penalty for early withdrawal.

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

3. CDs require $500 minimum balance to open. Online CDs are not available for IRAs.


4. Simple interest paid at maturity.
 
5. Interest compounded daily and paid monthly. Fees could reduce the earnings on these accounts.


Disclosures
Fee Schedule
 

 

Auto Loan Rates

                           Loan Calculators     Apply for a New or Used Auto Loan         Drive4Less auto refinancing massachusetts            

Rates as of  April 19, 2014  

New Auto Loan1 (new & 2011-100% financing available) over $5,000
Used Auto Loan1 (100% financing available) over $5,000 Max term is 72 Months
For vehicles older than 2003 please call

 

 

Annual Percentage RateMonthly Payment Per $1,000
Borrowed
AmountBased On
new - 2009 - Up to 38 Monthsas low as1.90%$28.6038 Months
new - 2009 - 39 to 66 Monthsas low as2.99%$16.4566 Months
new - 2009 - 67 to 78 Monthsas low as3.90%$14.5378 Months
new - 2009 - 79 to 84 Monthsas low as5.49%$14.3584 Months
2008 - 2005 - Up to 66 Monthsas low as4.65%$17.2066 Months
2004 and older - up to 66 Monthsas low as8.99%$19.2666 Months

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 from a Workers' Checking Account. 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.

Recreational Vehicle Loan Rates

Loan Calculators     Apply for a loan

Rates as of  April 19, 2014  

Recreational Vehicle Loan1 New & Used (100% Financing Available)

Annual Percentage RateMonthly Payment Per $1,000
Borrowed
AmountBased On
Up to 84 Monthsas low as5.49%$14.3784 Months
85 to 144 Monthsas low as4.49%$9.00144 Months
145 to 240 Monthsas low as4.24%$6.19240 Months

Motorcycle Loan1 New & Used (100% Financing Available)

Annual Percentage RateMonthly Payment Per $1,000
Borrowed
AmountBased On
Up to 38 Monthsas low as1.90%$27.1438 Months
39 to 66 Monthsas low as2.99%$16.4566 Months
67 to 78 Monthsas low as3.90%$14.5378 Months


Jet Ski & Snowmobile1 (Up to 100% Financing)

Annual Percentage RateMonthly Payment Per $1,000
Borrowed
AmountBased On
Up to 36 Monthsas low as7.99%$31.3336 Months
37 to 60 Monthsas low as8.99%$20.7560 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

Loan Calculators     Apply for a Workers' Credit Union MA, Personal Loan

Rates as of  April 19, 2014  

Personal Loan1

Annual Percentage RateMonthly Payment Per $1,000
Borrowed
AmountBased On
Up to 72 Monthsas low as9.99%$18.5272 Months

  

 

Checking Account Line of Credit ($25 annual fee)

Annual Percentage RateBased On
8.24%(Prime plus 4.99%)


Passbook & Certificate Loans

Passbook and Certificate Loan rates are set at 2.50%1 over the interest paid on the deposits that are used as collateral.

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

Loan Calculators   Check Mortgage Rates   Apply for a Home Equity   Apply for a MortgageFinish Line Refi new low rate

 

Rates as of  April 19, 2014

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.

TermRatePointsAnnual Percentage RateMonthly Payment Per $1,000 Borrowed
Single Family Owner Occupied Fixed Rate*
30 Years4.250%14.404%$4.92
4.375%04.444%$4.99
20 Years3.875%14.052%$5.99
4.000%04.061%$6.06
15 Years3.250%13.471%$7.03
3.375%03.450%$7.09
10 Years2.875%13.200%$9.60
3.000%03.114%$9.66
Jumbo Fixed Rate***
30 Year Jumbo4.250%04.274%$4.92
Adjustable Rate**
10/1 ARM3.990%03.615%$4.77
5/1 ARM2.750%02.869%$4.08
7/1 ARM3.150%03.044%$4.30
5/5 ARM2.875%03.926%$4.15

 

Workers' Finish Line Refi

Pay off your mortgage before you retire. The Finish Line Refi has a 7-year term at 3.50% APR, a 10-year term at 3.75% , and a 12-year term at 3.99% APR with no closing costs and only a $399 non-refundable application fee! Now you CAN finish that mortgage before you retire! Apply Now!

 

Workers' Finish Line Refi****Annual Percentage RateMonthly Payment Per $1,000
AmountBased On
5 - 7 years, $50,000 minimum(sup)1,3(/sup)3.50%$13.4484 Months
8 - 10 years, $50,000 minimum(sup)1,3(/sup)3.75%$10.01120 Months
11 - 12 years, $50,000 minimum(sup)1,3(/sup)3.99%$8.75144 Months

 

*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 5/1, 7/1, 10/1: 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 April 16, 2014 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 3.50% is repayable in 84 monthly installments of $13.44 per $1,000 borrowed. A 10-year term with an interest rate of 3.75% is repayable in 120 payments of $10.01 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.

 

80% Home Equity Lines of Credit1,2

80% ProductAnnual Percentage Rate
Home Equity Line of Credit Special1.00%APR(sup)4(/sup) until December 31, 2014 then Prime -.50% or 3.99%, whichever is higher
Home Equity Line of Credit Special2.99%APR(sup)5(/sup) for 24 months, then Prime -.50% or 3.99%, whichever is higher

 

80% Home Equity Loan Rates1

80% Home Equity Fixed RateAnnual Percentage RateMonthly Payment Per $1,000
AmountBased On
Up to 60 Months, $25,000 minimum(sup)6(/sup)2.99%$17.9660 Months
Up to 120 Months, $25,000 minimum(sup)6(/sup)3.99%$10.12120 Months
Up to 180 Months, $25,000 minimum(sup)6(/sup)4.75%$7.78180 Months
Up to 240 Months, $25,000 minimum(sup)6(/sup)5.99%$7.16240 Months

 

100% Home Equity Lines of Credit7

100% ProductAnnual Percentage Rate
Home Equity Line of Credit5.00%or Prime +1.50%, whichever is higher(sup)7(/sup)

 

 

100% Home Equity Loan Rates1

100% Home Equity Fixed RatesAnnual Percentage RateMonthly Payment Per $1,000
AmountBased On
Up to 60 Months, $25,000 minimum(sup)8(/sup)5.49%$19.1060 Months
Up to 120 Months, $25,000 minimum(sup)8(/sup)5.49%$10.85120 Months
Up to 180 Months, $25,000 minimum(sup)8(/sup)6.25%$8.57180 Months
Up to 240 Months, $25,000 minimum(sup)8(/sup)7.49%$8.05240 Months


Click Here to Apply for a Home Equity

 

Home Improvement Loans1,9 (Up to $50,000. Other terms and rates available)

Annual Percentage RateMonthly Payment Per $1,000
Borrowed
AmountBased On
Up to 120 Monthsas low as8.99%$12.66120 Months
121 to 240 Monthsas low as9.99%$9.64240 Months


1Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required. Subject to our normal credit requirements. Annual Percentage Rates (APR) 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.

4An introductory Annual Percentage Rate (APR) of 1.00% until December 31, 2014 with a periodic rate of 0.00278%. Thereafter, our minimum 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 0.01093%, or .50% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Maximum rate is 18%. Minimum rate is 3.99%. Minimum line amount is $25,000. Offer applies to new lines only.

5Introductory Rate of 2.99% APR for 24 months with a periodic rate of .008192%. Thereafter the APR will be set on the first day of each month at .50% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month. The current minimum rate would be 3.99% with a periodic rate of .0109%. Minimum line amount is $25,000. Offer applies to new lines only.

6Other 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.

7APR will be set on the first business day of each month at either a floor rate of 5.00% APR with a periodic rate of 0.01369%, or 1.50% above the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Current Wall Street Journal Prime is 3.25%. Maximum rate is 18%. There is a 10-year draw period and a 10-year repayment period. Maximum loan to value is 100%. An annual fee of $30 will be waived if the borrower has the monthly payment paid automatically from a Workers’ checking account. $350 early termination fee will be charged if discharged within the first two years. Offer applies to new loans only on owner-occupied single family and condominiums only. Homeowners insurance required. Subject to specific credit requirements due to additional credit union insurance.

8Annual 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 100% loan to value ratio. Offer applies to new loans only on owner-occupied single family and condominiums only. Homeowners insurance required. Subject to specific credit requirements due to additional credit union insurance.

9Above rate represent the lowest possible rates currently offered.

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

 
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815 Main Street, Fitchburg MA 01420 - 978-345-1021 or 1-800- 221-4020
Routing/Transit ABA Number: 211382931
2007 Workers' Credit Union. All rights reserved.

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