Rates

¹ All Accounts: Rates subject to change at any time without notice unless otherwise noted. Rate may change after account is opened unless it is a fixed rate term share certificate noted in the account disclosure. Offers may be withdrawn at any time. Subject to membership eligibility. Workers Federal Credit Union membership required; minimum balance to open membership account is $5, unless otherwise noted. $5 will be held in account until the account is terminated, at which time it will be returned to the account owner. Annual Percentage Yield (APY) and rates are effective as of 8/30/2021. Fees may reduce earnings. See our fee schedule for specifics. Interest compounded daily and paid monthly.

² SaveUp Savings: The minimum balance required to open this account is $5. You must maintain a minimum daily balance of $5 in your account each day to obtain the disclosed annual percentage yields as per our disclosed rates. See rates table above for the breakdown of tiers, rates and minimum balance to earn dividend requirements.

¹All Accounts: Rates subject to change at any time without notice unless otherwise noted. Rate may change after the account is opened. Offers may be withdrawn at any time. Subject to membership eligibility. Workers Federal Credit Union membership required; minimum balance to open membership account is $5, unless otherwise noted. $5 will be held in account until the account is terminated, at which time it will be returned to the account owner. Annual Percentage Yield (APY) and rates are effective as of 8/30/2021. Fees may reduce earnings. See our fee schedule for specifics. Interest compounded daily and paid monthly.

²Business SaveUp Savings: The minimum balance required to open this account is $5. You must maintain a minimum daily balance of $5 in your account each day to obtain the disclosed annual percentage yields as per our disclosed rates. See rates table above for the breakdown of tiers, rates and minimum balance to earn dividend requirements.

¹ All Loans: APR=Annual Percentage Rate. Subject to credit underwriting and approval. Loan amount may vary based upon credit approval. All available terms are displayed on this page. Actual rates may differ. Rates effective as of 8/30/2021 and subject to change at any time. Offers may be withdrawn at any time. Workers Federal Credit Union membership required.

² RV Loans: RV loan terms may under certain conditions extend up to a term of up to 120 months. If the RV has all of the following features: bathroom, kitchen, and a sleeping area, it may be eligible. All three of these features must be included in the RV and must be confirmed prior to loan approval. 

¹ All Loans: APR=Annual Percentage Rate. Subject to credit underwriting and approval. Loan amount may vary based upon credit approval. All available rates and terms are displayed on this page. Rates effective as of 8/30/2021 and subject to change at any time. Offers may be withdrawn at any time. Programs, rates, terms and conditions, are subject to change at any time without notice. Workers Federal Credit Union membership required. Subject to membership eligibility.

²Fixed-Rate Single-Family Mortgages: All Annual Percentage Rates (APRs) are based on $100,000 loan to purchase a single family primary residence at an 60% Loan-to-Value (LTV) and a FICO Score of 780 or greater unless otherwise noted. Conforming Fixed Rate Loan Limits: 1 family $766,550; 2 family $981,500; 3 family $1,186,350; 4 family $1,474,400. The Annual Percentage Rate (APR) on a Fixed Rate Single Family Mortgage is as low as  APR for . The monthly payment per $1,000 borrowed is . Down payment as low as 3%, speak with a mortgage originator to determine eligibility. Reduced Closing Cost Option - Ask us about how we can greatly reduce your closing costs with alternative pricing options.

³Adjustable Rate Mortgage (ARM): To be used for purchase or refinance of 1-4 family, owner-occupied properties in Massachusetts only. 5/6 ARM available single-family owner-occupied property in Massachusetts. 7/6 and 10/6 ARM rates are also available for construction loans. Rates on ARMS may increase after closing at applicable adjustment term. Upon rate conversion to variable, The 5/6 can adjust initially at 2%, subsequently at 1% and capped at 5%. The 7/6 and 10/6 arms can adjust initially at 5%, subsequently at 1% and capped at 5%. To get the new rate after the fixed period we use a variable number called “the index” is the SOFR (Secured Overnight Financing Rate) and add “the margin”. Maximum loan amount of $2,000,000 at an 80% loan-to-value (LTV). The Annual Percentage Rate (APR) on an ARM is as low as 7.767% APR for 5/6 ARM - 30 Years. The monthly payment per $1,000 borrowed is $6.65. Taxes and insurance not included. Actual payment obligation may be greater. Required down payment as low as 5%. All listed ARM APRs are based on $100,000 loan to purchase a single family primary residence at a 60% LTV.

⁴Government Backed Mortgages: These mortgage types are not included in the GiveBack Program. Programs for primary residence only and are subject to change. Taxes and insurance not included. Actual payment obligation may be greater. Contact our Mortgage Team for rates and eligibility. 

⁵Jumbo Adjustable-Rate Mortgages: All Annual Percentage Rates (APRs) are based on $766,550 loan to purchase a single family primary residence at an 60% Loan-To-Value (LTV) and a FICO Score of 780 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) on a Jumbo Mortgage is as low as 7.262% APR for 5/6 ARM. The monthly payment per $1,000 borrowed is $6.00.

⁶Finish Line Refi: Maximum loan amount not to exceed 80% of property value for the refinance of a single-family, owner-occupied primary residence and not exceed 75% of property value for an owner occupied second home residence. $499 non-refundable application fee. The program is available only for refinances of single-family, owner occupied residences, including condominiums, 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.

⁷Home Equity Loan: Maximum combined loan to value is 80% or 90% for owner-occupied primary residence. Investment properties are not eligible. Homeowner’s insurance is required. Minimum loan amount is $25,000. The Annual Percentage Rate (APR) on a home equity loan is as low as 6.875% APR for Up to 60 Months. The monthly payment per $1,000 borrowed is $19.74. Taxes and insurance not included. Actual payment obligation may be greater. Early termination fee applies. Investment properties are not eligible. Includes a 0.50% discount for electronic payments from a Workers Checking Account.

⁸ Home Equity Line of Credit:

• 80% Financing: There is a 10-year draw period and a 10-year repayment period. An annual fee of $30 will be waived if the borrower has the monthly payment paid automatically from a Workers checking account. Offer applies to new Workers Federal Credit Union lines only. Owner-occupied primary residence only to a maximum 80% combined loan-to-value and a maximum of 75% combined loan-to-value on owner-occupied second homes. Investment properties are not eligible. Homeowner’s insurance is required. $350 early termination fee will be charged if discharged within the first two years. Current Wall Street Journal Prime is 8.50%. Maximum Rate is 18%. Minimum Rate is 2.99%. The Interest Rate will be set on the first business day of each month at minus .5% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month. Minimum line amount is $25,000.
• 90% Financing: The interest Rate will be set on the first business day of each month at 1.00% above the Prime Rate published in the Wall Street Journal on the last business day of the previous month. The Current Wall Street Journal Prime is 8.50%. Maximum rate is 18%. Minimum Rate is 5.00%. There is a 10-year draw period and a 10-year repayment period. Maximum loan to value is 90%. 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. Investment properties are not eligible. Homeowners insurance required.

⁹ Solar Loan (80% Financing): The Annual Percentage Rate (APR) on an 80% solar loan is as low as 7.000% APR for Up to 84 months. The monthly payment per $1,000 borrowed is $15.09. APR includes a .50% discount for automatic electronic loan payments from any Workers Checking Account. Other rates and terms are available. Maximum 80% loan to value ratio. Offer applies to new solar loans in Massachusetts only on owner-occupied primary residence. Homeowners insurance required. Early termination fee applies. Not included in the GiveBack program. Investment properties are not eligible. Copy of solar installation contract required.

¹⁰ Solar Loan (90% Financing): The Annual Percentage Rate (APR) on a 90% solar loan is as low as 8.000%APR for Up to 84 months. The monthly payment per $1,000 borrowed is $15.59.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 90% loan to value ratio. Offer applies to new solar loans in Massachusetts only on owner-occupied primary residence. Homeowners insurance required. Early termination fee applies. Not included in the GiveBack program. Investment properties are not eligible. Copy of solar installation contract required.

¹ All Personal Loans: APR=Annual Percentage Rate. Programs, rates, terms and conditions are subject to change without notice. Subject to credit underwriting and approval. Loan amount and rate may vary based upon an individual’s credit history and underwriting factors. Visit our rates page for all available rates and terms. Rates effective as of , subject to change at any time and may increase after consummation. Offers may be withdrawn at any time. Workers Federal Credit Union membership required. Must be 18 years of age or older to be eligible.

² Checking Line of Credit: Annual fee of $25. Individuals under the age of 18 are not eligible for a Checking Line of Credit. Subject to approval.