Available for residents of Massachusetts, Workers Credit Union is offering 3.56% APY when you open an account.
Continue reading below to learn everything you need to know about Workers Credit Union.
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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 Rate
American Express® High Yield Savings Account - You earn a competitive interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 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 high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover Bank Online Savings | $200 Bonus + 0.60% APY | Review |
| Aspiration | $150 Bonus + 1.00% APY | Review |
| Axos Business Savings | $200 Bonus + 0.20% APY | Review |
| Quontic Bank High Yield Savings | 0.75% APY | Review |
| Axos Bank High Yield Savings | Up to 0.61% APY | Review |
| CIT Bank Money Market | 0.70% APY + Amazon Prime Offer | Review |
| American Express High Yield Savings | 0.60% APY as of 4/28/22 | Review |
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 3.56% 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 | 3.56% APY |
| $500 – $999.99 | 3.56% APY |
| $1,000 – $1,999.99 | 3.56-1.83% APY |
| $2,000 – $2,999.99 | 1.83-1.27% APY |
| $3,000 – $4,999.99 | 1.27-0.84% APY |
| $5,000 – $6,999.99 | 0.84-0.67% APY |
| $7,000 – $9,999.99 | 0.67%-0.56% APY |
| $10,000 – $12,999.99 | 0.56%-0.51% APY |
| $13,000 – $16,999.99 | 0.51%-0.49% APY |
| $17,000 – $20,999.99 | 0.49%-0.48% APY |
| $21,000 – $24,999.99 | 0.48%-0.48% APY |
| $25,000 – $29,999.99 | 0.48%-0.49% APY |
| $30,000 – $39,999.99 | 0.49%-0.52% APY |
| $40,000 – $49,999.99 | 0.52%-0.55% APY |
| $50,000 – $74,999.99 | 0.55%-0.60% APY |
| $75,000 – $99,999.99 | 0.60%-0.64% APY |
| $100,000 – $249,999.99 | 0.64%-0.74% APY |
| $250,000 – $999,999.99 | 0.74%-0.79% APY |
| $1,000,000 or more | 0.79%-0.79% 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 rate. 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.
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