Rates

Home Rates

You Deserve More for Your Money

Earn competitive rates on Workers checking, savings and CD accounts and get low rates on loans for your life or your business.

 

We encourage members with balances that exceed $100,000 to meet with a Relationship Manager to see if you qualify for a PlanIt+ Membership.

Share Savings

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Open as your basic membership account or add as a secondary account.1

Minimum Daily Balance for APY
$50

SaveUp Savings

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Are you down to SaveUp? Save more with high rates and small, attainable tiers.1,2

Minimum Daily Balance for Stated APY
$0–$499.99
$500–$999.99
$1,000–$1,999.99
$2,000–$2,999.99
$3,000–$4,999.99
$5,000–$6,999.99
$7,000–$9,999.99
$10,000–$12,999.99
$13,000–$16,999.99
$17,000–$20,999.99
$21,000–$24,999.99
$25,000–$29,999.99
$30,000–$39,999.99
$40,000–$49,999.99
$50,000–74,999.99
$75,000–$99,999.99
$100,000–$249,999.99
$250,000–$999,999.99
$1,000,000 or more

Club Savings

Contact Us to Open

Save now, enjoy later with our Holiday and Vacation Club accounts.1

Minimum Daily Balance for APY
$5

cuSave Online Savings

Open as your basic membership account or add as a secondary account.1,3

Minimum Daily Balance for Stated APY
$50

IRA Savings

Contact Us to Open

Strengthen your retirement savings.1

Minimum Daily Balance for Stated APY
$50

High Interest Checking

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Take your checking account to the next level. 1,4

Minimum Daily Balance for APY
$0–$15,000
$15,000.01 or more
> Earned if requirements are not met.

Simple Checking

Rates for Simple Checking account holders.1

Minimum Daily Balance for Stated APY
N/A

Free Checking

Rates for Free Checking account holders.1

Minimum Daily Balance for Stated APY
N/A

Personal Money Market Checking

Rates for Workers Money Market Checking account holder. 1

Minimum Daily Balance for Stated APY
$50–$9,999.99
$10,000–$24.999.99
$25,000–$99,999.99
$100,000 or more

Certificates of Deposit (CDs)

Choose your term and lock in your rate. 1,5

CD Term
3-Month - Open Now
6-Month - Open Now
12-Month - Open Now
18-Month - Open Now
24-Month - Open Now
36-Month - Open Now
48-Month - Open Now
60-Month - Open Now

All Accounts: Rates subject to change at any time without notice unless otherwise noted. Offers may be withdrawn at any time.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.

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.

The highest APY range listed assumes a deposit of $3,000,000 for illustration purposes only. There is no maximum deposit amount. There is a limit of one (1) SaveUp account per member as a primary owner.

cuSave Online Savings: Account can be opened online or in a branch. To earn the noted APY you must signup and maintain eStatements and maintain a minimum daily balance of $50. If eStatement requirement is not met in a monthly statement cycle a base rate of 0.10% APY will apply to the entire balance of the statement cycle.

High Interest Checking: To earn these rates, you must meet the following monthly requirements per each statement cycle: 1) Have 12 point of sale debit card transactions post to your account, 2) Enroll and receive eStatements, and, 3) Have one direct deposit or ACH auto debit. The APY rate of 1.26% only applies to the first $0–$15,000. Balances of $15,000.01 or more earn an interest rate of 0.40%, with an APY range for the entire balance of 1.26%-.066% .This APY range assumes a deposit of $50,000 for illustration purposes only. When monthly requirements are not met within a monthly statement cycle, the base rate of 0.05% APY will apply to the entire balance for the statement cycle. There is no minimum balance to earn this APY. Further, in addition to meeting the requirements listed above to earn the higher first and second tier APY rates and to receive up to $10 in ATM fee reimbursements, 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, and you will not receive the ATM fee reimbursement.

CDs: Substantial penalty for early withdrawal may apply. APY assumes interest remains on deposit and any withdrawal will reduce earnings. Minimum balance is $500 to open and earn on a CD and $1,000 to open and earn on IRA Certificates. Please refer to your CD account disclosure for more information. For terms less than 12 months simple interest will be paid at maturity. For terms 12 months or more dividends are compounded daily and paid monthly.

Business Savings

Rates for Business Savings account holders.1

Minimum Daily Balance for Stated APY
$50

Business Share Savings

Contact Us to Open

Use as your membership account or additional savings.1

Minimum Daily Balance for APY
$50

Business SaveUp Savings

Contact Us to Open

Save more with high rates and small attainable tiers.1,2

Minimum Daily Balance for Stated APY
$0–$499.99
$500–$999.99
$1,000–$1,999.99
$2,000–$2,999.99
$3,000–$4,999.99
$5,000–$6,999.99
$7,000–$9,999.99
$10,000–$12,999.99
$13,000–$16,999.99
$17,000–$20,999.99
$21,000–$24,999.99
$25,000–$29,999.99
$30,000–$39,999.99
$40,000–$49,999.99
$50,000–74,999.99
$75,000–$99,999.99
$100,000–$249,999.99
$250,000–$999,999.99
$1,000,000 or more

Business Checking

Contact Us to Open

Boost your profits, not your expenses with this low-cost checking account.1,3

Minimum Daily Balance for Stated APY
N/A

Non Profit Checking

Contact Us to Open

Rates for Non Profit Checking account holders.1

Minimum Daily Balance for Stated APY
N/A

Business Money Market Checking

Contact Us to Open

Make your money work for you in this multi-tiered account.1

Minimum Daily Balance for Stated APY
$50–$999.99
$1,000–$9,999.99
$10,000–$49,999.99
$50,000 or more

1All Accounts: Rates subject to change at any time without notice unless otherwise noted. 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.

Note: As of June 1, 2021, 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 able 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 receive the higher APY.

Further, 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.

The highest APY range listed assumes a deposit of $3,000,000 for illustration purposes only. There is no maximum deposit amount. There is a limit of one (1) Business SaveUp account per entity as a primary owner.

3Business Checking: Deposits, items deposited and checks paid are considered transactions. Free Bill Pay does not include Small Business Payments. Please ask a Financial Service Representative for details.

Auto Loans

Apply Now

For low rates and fast turnaround on most vehicles.1

Term
New–2017: up to 48 Months
New–2017: up to 66 Months
New–2017: 67 to 78 Months
New–2017: 79 to 84 Months
2016–2013: up to 66 Months
2012 or older: up to 48 Months

Motorcycle Loans

Apply Now

For those headed out on the open road. 1

Term
Up to 48 Months
49 to 66 Months
67 to 78 Months

2008 or older: Up to 60 Months

RV Loans

Apply Now

For adventurers buying RVs.1, 2

Term
Up to 84 Months
85 to 180 Months
181 to 240 Months

Jet Ski and Snowmobile Loans

Apply Now

For fun out on the water or in the snow. 1

Term
Up to 48 Months
49 to 72 Months

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 240 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. 

Single Family Fixed-Rate Mortgages

Apply Now

Get pre-approved to jump-start your home search.1,2

Term
30 Years
30 Years
20 Years
20 Years
15 Years
15 Years
10 Years
10 Years

Adjustable Rate Mortgages

Apply Now

Ideal if you plan on moving within the first 10 years or are buying an investment property.1,3

Term
5/1 ARM - 30 Years
7/1 ARM - 30 Years
10/1 ARM - 30 Years

Government Backed Mortgages

Apply Now

As long as it’s your primary residence, a government-backed loan could mean a smaller down payment or no down payment at all.1,4 Contact our mortgage team for more information or click Apply Now.

Loan Type
FHA
VA
USDA

Jumbo Fixed Rate Mortgages

Apply Now

Single-family home loans for those with budgets greater than $647,200.1,5

Term
30 Years

Finish Line Refi

Apply Now

Lower your monthly payment, save on interest or pay off your loan faster.1,6

Term
5–7 years
8–10 years
11–12 years

Home Equity Loan - 80% Financing

Apply Now

For large one-time projects or other major purchases that have a fixed budget.1,7

Term
Up to 60 Months
Up to 120 Months
Up to 180 Months
Up to 240 Months

Home Equity Loan - 100% Financing

Apply Now

For large one-time projects or other major purchases that have a fixed budget.1,7

Term
Up to 60 Months
Up to 120 Months
Up to 180 Months
Up to 240 Months

Home Equity Line of Credit

Apply Now

For large projects or other major purchases that may need a flexible budget.1,8

Financing
80% Financing
100% Financing

Solar Home Equity Loan - 80% Financing

Apply Now

Buy and install solar panels on your home.1,9

Term
Up to 84 months
Up to 144 months

Solar Home Equity Loan - 100% Financing

Apply Now

Buy and install solar panels on your home.1,10

Term
Up to 84 months
Up to 144 months

Heat Loan

Apply Now

Make your home more energy efficient with MassSave.1

Term
Up to 84 Months 

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. Workers Federal Credit Union membership required.

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 740 or greater unless otherwise noted. Conforming Fixed Rate Loan Limits: 1 family $647,200; 2 family $828,700; 3 family $1,001,650; 4 family $1,244,850. The Annual Percentage Rate (APR) on a Fixed Rate Single Family Mortgage is as low as 2.543% APR for 10 Years. The monthly payment per $1,000 borrowed is $9.26. Down payment as low as 3%, speak with a mortgage originator to determine eligibility.

3Adjustable Rate Mortgage (ARM): To be used for purchase or refinance of 1-4 family, owner-occupied properties in Massachusetts only. 5/1 ARM available single-family owner-occupied property in Massachusetts. 7/1 and 10/1 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 rate caps at 2% per adjustment and 6% over the lifetime of the loan. To get the new rate after the fixed period we use a variable number called “the index” which is a one-year Treasury Bill (T-Bill) 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 2.912% APR for 5/1 ARM - 30 Years. The monthly payment per $1,000 borrowed is $4.08. 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.

5Jumbo Mortgages: All Annual Percentage Rates (APRs) are based on $647,200 loan to purchase a single family primary residence at an 60% 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) on a Jumbo Mortgage is as low as 3.300% APR for 30 Years. The monthly payment per $1,000 borrowed is $4.35.

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. 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 100% 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 4.240% APR for Up to 60 Months. The monthly payment per $1,000 borrowed is $18.53. Taxes and insurance not included. Actual payment obligation may be greater. Early termination fee applies. Required down payment as low as 0-20%. Investment properties are not eligible.

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 3.25%. Maximum Rate is 18%. Minimum Rate is 2.99% The 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. Minimum line amount is $25,000.
  • 100% Financing: Interest Rate will be set on the first business day of each month at 1.50% 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 3.25%. 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 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. Investment properties are not eligible. Homeowners insurance required.

Solar Loan (80% Financing): The Annual Percentage Rate (APR) on an 80% solar loan is as low as 3.99% APR for Up to 84 months. The monthly payment per $1,000 borrowed is $13.67. 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. Required down payment as low as 0-20%. Not included in the GiveBack program. Investment properties are not eligible. Copy of solar installation contract required.

10 Solar Loan (100% Financing): The Annual Percentage Rate (APR) on a 100% solar loan is as low as 5.50%APR for Up to 84 months. The monthly payment per $1,000 borrowed is . 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 solar loans in Massachusetts only on owner-occupied primary residence. Homeowners insurance required. Early termination fee applies. Required down payment as low as 0-20%. Not included in the GiveBack program. Investment properties are not eligible. Copy of solar installation contract required.

Personal Loans

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Flexible loans to help with life’s other expenses.1

Term
Up to 84 Months

Checking Line of Credit

Contact Us to Apply

Rates for a checking line of credit.1,2

Interest Rate
18%

Quick Loans (CashPlease)

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Manage your small-dollar, short-term cash needs.1,3

Term
3 Months

Savings Secured Loans

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Establish or rebuild your credit.1

APR*
2.50% over Savings/CD dividend rate

1 All Personal 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. Workers Federal Credit Union membership required.

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.

3 CashPlease: Must be a Workers Federal Credit Union Member 18 years or older to be eligible. Loan eligibility subject to account history and the ability-to-repay determined by account activity. Workers Federal Credit Union offers this CashPlease loan product in partnership with Velocity Solutions, LLC.