Available to residents of Massachusetts, Metro Credit Union High Yield Savings is offering a staggering 2.25% APY Rate. Continue reading below to learn everything you need to know about Metro Credit Union.
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About Metro Credit Union High Yield Savings
Metro Credit Union is headquartered in Chelsea and is the 2nd largest credit union in the state of Massachusetts. It was established in 1926 and has grown to 212,380 members at 15 locations throughout the state.
This account is available to credit union members in the state. Check the membership eligibility to see if you meet the requirements.
|Eligibility: Membership in Metro Credit Union is open to those who live, work, or own a business in Bristol, Essex, Middlesex, Barnstable, Norfolk, Plymouth, Suffolk, or Worcester Counties in Massachusetts. See current membership details|
I’ll review Metro Credit Union Savings below.
Metro Credit Union High Yield Savings 2.25% Rate
To earn Metro Credit Union’s competitive rate, have an opening deposit of $10,000. However, to earn the high rate you must have a minimum balance $25,000. If you meet the minimum requirement you will earn the rate with no balance cap.
- Account Type: High Yield Savings Account
- Interest Rate: 2.25%
- Minimum Balance: $25,000
- Maximum Balance: None listed
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $10,000
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed, check with CSR
- Insured: FDIC
American Express Personal Savings Account - You earn 1.70% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses.
|Discover Bank Online Savings||1.60% APY + $200 Cash||Review|
|CIT Bank Savings Builder||1.75% APY + $150/$300 Bonus||Review|
|UFB Direct High Yield Savings||1.90% APY||Review|
|Betterment EverydayTM Cash Reserve||1.83% APY||Review|
|American Express High Yield Savings||1.70% APY||Review|
Metro Credit Union High Yield Savings ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Metro Credit Union High Yield Savings Rate
- Open a High Yield Savings Account from Metro Credit Union with an opening deposit of $10,000.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Maintain a minimum balance of $25,000.00 to earn the APY rate.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- Competitive rates
- Maximum earnings
- Easy assessibility
- Safe and secure account
- Federally insured by the NCUA
Check out Metro Credit Union and open a High Yield Savings account this amazing rate if you are interested! Let us know about your experience with this credit union and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Metro Credit Union Savings.