Current Rates | Calculator
Looking for some certainty in uncertain times? Our Share Certificates can provide you with a competitive fixed rate of return.
NOW INTRODUCING OUR 24-MONTH SAVE FOR SUCCESS HYBRID SHARE CERTIFICATE
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High Yield: 3.75% APY
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24-Month Term
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Low Minimum To Open: $25.00
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Transfer In Up To $1,000 Each Month
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Build Your Savings At Your Own Pace
Our Hybrid Share Certificate was designed for anyone looking to boost their savings but specifically for those seeking to build a nest egg or escape living paycheck to paycheck.
APY is Annual Percentage Yield & accurate as of 5/6/25. Maximum opening deposit $1,000. Minimum balance $0.01 to earn stated APY. Membership & Worcester Credit Union checking account required to open & for transfers. Automatic transfers set up at account opening & can be adjusted during the Term. Early withdrawal penalty applies. Fees may reduce earnings.
What Is a Share Certificate?
If you have heard of CDs or Certificates of Deposit, Share Certificates are the credit union equivalent. A Share Certificate typically has a fixed term that you choose when you open the Share Certificate account based on the Terms (lengths of time) that are available. Terms typically range from 3 months to 5 years.
How Do You Open a Share Certificate?
You can open a Share Certificate the same as you would open other deposit accounts: by receiving the proper disclosures, agreeing to the account's terms & conditions, and making an initial deposit. Unlike checking and savings accounts, you usually cannot deposit more money into your Share Certificate after it's been opened. Your Share Certificate earns interest during the Term, and the end of the Term is called Maturity. Some Certificates renew at Maturity, and you should find out how that will work before opening your Share Certificate account. You may have a small window to close the account and avoid any fees.
How Does a Share Certificate Differ From a Savings Account?
On the topic of fees, Share Certificates often pay a higher yield than checking or savings accounts. This is because your money is intended to be locked in place throughout the Term. If you close the Certificate before Maturity, you will likely be assessed an early termination fee. This can often be several months or even years worth of dividends (interest) that your account has earned. Having a portion of your money tied up for a period of time is the price you pay for a higher yield compared to other account types.
What Types of Share Certificates Does Worcester Credit Union Offer?
Click on "Current Rates" above to see the various yields and terms we currently offer.
Key Features
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Competitive, Fixed Rates
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Guaranteed Earnings
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No Setup or Maintenance Fees
Competitive, Fixed Rates
Guaranteed Earnings
No Setup or Maintenance Fees
- Competitive, fixed rates that are higher than standard savings rates
- Receive higher rates by selecting a longer term
- Provides a stable return
- Set aside for future savings goals
- A wide range of terms available (from 6 months to 5 years)
- No setup or maintenance fees
- Early withdrawals subject to penalty
- $500 minimum deposit to open unless stated otherwise1
APY = Annual Percentage Yield. $500.00 minimum to open and earn APY. Share Certificates that are greater than 12 months the interest will be paid annually and/or maturity. Share Certificates under 12 months the interest will be paid at maturity. Penalty may be imposed for early withdrawal. Fees may reduce earnings. Membership required. All rates are subject to change without notice.
1 For example, our Save for Success 24-Month Hybrid Share Certificate has a minimum of $25.00 to open.
1Please request or view current rates and fee schedule for complete details.
