Available for residents of Massachusetts, Workers Credit Union is offering 4.32% APY when you open an account.
Continue reading below to learn everything you need to know about Workers Credit Union.
Table of Contents
About Workers Credit Union SaveUp Savings
Workers Credit Union was founded in 1914 by John Suominen, the owner of a successful printing company in Fitchburg. Between 1980 and 2007, Workers CU acquired or merged with 13 other Massachusetts credit union. Currently the fourth largest credit union in Massachusetts, Workers Credit Union has more than 105,000 members and assets in excess of $1.8 billion.
| Eligibility: Headquartered in Fitchburg, Massachusetts, Workers Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, or worship anywhere in Massachusetts eligible to join. See current membership details |
With such great money market rates you can earn big! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review Workers Credit Union SaveUp Savings below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Bank or CIT Bank.
Workers Credit Union Money Market 4.32% Rate
To earn Workers Credit Union’s competitive rate, simply complete all the requirements. That’s all it takes and you’ll get to enjoy earning the 4.32% rate on all balances.
- Account Type: SaveUp Savings Account
- Minimum Balance: None
- Maximum Balance: $1,000
- Availability: MA
- Credit Inquiry: Soft Pull. They pull using ChexSystems.
- Chexsystems: Yes
- Opening Deposit: $5
- Credit Card Funding: No
- Monthly Fee: None
- Early Termination Fee: None
(NCUA Insured)
Workers Credit Union ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1 day | $5,000 | ? | |
| Pull | 1 day | $5,000 | ? | 20+ linked accounts |
Editor’s Note: If you use another banks ACH to transfer in or out, there is no limit. However if you use their ACH (both in & out), you are limited to a maximum of $5K per day. Help us with the table above in the comment section if you have experience with ACH monthly $ capabilities.
How to Earn Workers Credit Union Rate
- Open a SaveUp Savings account from Workers Credit Union with a minimum of $5.
- 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.
| Balance Requirement | APY Rate |
| $0 – $499.99 | 4.32% APY |
| $500 – $999.99 | 4.32% APY |
| $1,000 – $1,999.99 | 4.32% – 2.31% APY |
| $2,000 – $2,999.99 | 2.31% – 1.66% APY |
| $3,000 – $4,999.99 | 1.66% – 1.15% APY |
| $5,000 – $6,999.99 | 1.15%-0.95% APY |
| $7,000 – $9,999.99 | 0.95%-0.82% APY |
| $10,000 – $12,999.99 | 0.82%-0.76% APY |
| $13,000 – $16,999.99 | 0.76%-0.72% APY |
| $17,000 – $20,999.99 | 0.72%-0.71% APY |
| $21,000 – $24,999.99 | 0.71%-0.71% APY |
| $25,000 – $29,999.99 | 0.71%-0.71% APY |
| $30,000 – $39,999.99 | 0.71%-0.74% APY |
| $40,000 – $49,999.99 | 0.74%-0.76% APY |
| $50,000 – $74,999.99 | 0.76%-0.81% APY |
| $75,000 – $99,999.99 | 0.81%-0.84% APY |
| $100,000 – $249,999.99 | 0.84%-0.94% APY |
| $250,000 – $999,999.99 | 0.94%-0.99% APY |
| $1,000,000 or more | 0.99%-1.00% APY |
Why You Should Sign Up For This Account
- eStatements
- Easy transactions with their provided Visa debit card
- Minimum to open a SaveUp account is $5. There is a limit of one (1) SaveUp account per member as a primary owner.
- Free online banking with eStatements, bill payments, and electronic transfers
- NCUA-insured funds up to the maximum amount of $250,000
Bottom Line
If you’re looking for a great personal checking account, then check out Workers Credit Union’s SaveUp Savings. This account earn you at a competitive 4.32% APY rate with balances under $1,000. You can open the account with no monthly minimum balance requirements and a small opening deposit of $50.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Workers Credit Union SaveUp Savings Account.
Leave a Reply