A Tiered Savings Account That Helps You Want to Save

  • Earn high interest with our base rate
  • NEW: Start your savings habit strong and earn a higher APY when you deposit $50 or more each month1,2
  • The more you deposit the more interest you can earn
  • Small, attainable tiers keep more earnings within reach
  • Open with as little as $5 and no monthly maintenance fees
  • We mean business: SaveUp Savings is available for business members too! Learn more.

What is a tiered savings account?

Our tiered savings account2 is designed to start you with a great rate and a low opening balance that will make you feel good about saving. Want to feel even better? Deposit $50 or more each month to earn a higher APY.1 Attainable tiers allow you to start earning interest immediately. So, the more you save, the more you earn! The best part is, there are no monthly maintenance fees. It’s like we actually want you to save money. It’s that simple.

Calculate your

SaveUp earnings

Use the calculator below to estimate* how
much you could save with a SaveUp account.
Deposit amount ($):
I will have a monthly deposit of $50 or more to this account. 1
Blended Interest Rate:2,3%
APY (Annual Percentage Yield):2 %
Interest Earned (One Year): $

Open a New Account


Convenient Locations

Workers Credit Union provides in-person banking services and financial coaching at locations in Worcester, Lowell, Fitchburg, Gardner, Chelmsford, Westford, Groton, Townsend, Lunenburg, Lancaster, Leominster, Athol, Hudson, and Orange, MA.

Open your account online or contact us with any questions.


The calculator ESTIMATES the total interest to be earned after a one year period. The interest amounts and APY calculations assume that the dollar amount balance remains in the account the entire year. Any deposits/withdrawals to the balance amount will change the total interest earned.

1 In order to receive the higher APY listed you must have a direct deposit(s) and/or monthly deposit(s) that include internal transfers, external transfers or deposits that aggregate to at least $50 in the statement period which will allow you to be eligible to earn a higher annual percentage yield (APY) on each applicable tier. If you do not make the $50 deposit as noted, you will earn the base APY for that month. The $50 deposit must post prior to the end of the statement cycle to earn the higher APY for that month. Initial account deposits and wires are not eligible to receive the higher APY. In addition to meeting the requirement as listed above to earn the higher APY rate, the account must be open for the entire statement period, otherwise, the base rate will be applied to the entire balance for the number of days in which the account was opened during the month. Any student or person under the age of 18 are eligible for any of our accounts as long as they have an adult joint owner who is 18 or older.

2 Rates are subject to change without notice at the discretion of the Credit Union. Annual Percentage Yield (APY) and rates are effective as of July 1, 2021. Minimum to open a SaveUp account is $5. There is a limit of one(1) SaveUp account per member as primary owner. Fees may reduce earnings. See our fee schedule for specifics. Interest compounded daily and paid monthly. Must have a Workers Federal Credit Union Membership. Subject to membership eligibility.

3 The blended interest rate is the combination of the different interest rates applied per savings tier amount, resulting in an overall effective interest rate for the total amount of the deposit. Please view the SaveUp Rates for more information on the interest rates per tier.

A Safe Place for Your Money

As a member of Workers, take comfort in knowing that every dollar you deposit is safe, secure, and 100% insured. All deposits are fully insured by a combined insurance coverage of the NCUA, up to $250,000, and the MSIC covers the rest. Now that’s safe keeping.