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Westerly Community Credit Union Rates

At Westerly Community Credit Union, you’ll find we have the great deposit, loan & home financing rates you need to reach all of your financial goals!

Deposit Rates

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Deposit Rates

Checking Accounts
Effective Date: Monday, February 24th, 2020
ProgramRateAPY*Minimum Daily Balance to earn APY
Free Checking 0.00% 0.000% $0.00
Interest Checking 0.00% 0.000% $0.00 to $2,499.99
  0.05% 0.050% $2,500 to $9,999.99
  0.10% 0.100% $10,000 to $49,999.99
  0.20% 0.200% $50,000 and above
eChecking** 2.96% 3.000% $0.00
eChecking & Interest Checking require $10 min. to open.

*Annual Percentage Yield (APY) is subject to change without notice. Fees may reduce earnings. **Rate shown is for balances $0 - $19,999.99, balances of $20,000 or greater will earn .50% APY. To receive the higher rates, members must meet the following requirements: use their debit card a minimum of 10 times per month as a PIN or signature based transaction, sign up and activate eStatements, and complete 1 or more direct deposit or ACH transfers per month totaling a minimum of $500. If account does not meet the criteria, the monthly rate will be .10% APY.

Savings & Money Market Accounts
Effective Date: Monday, February 24th, 2020
ProgramRateAPY*Minimum Daily Balance to earn APY
Share Account
  0.10% 0.100% $5.00 to $4,999.99
  0.10% 0.100% $5,000.00 to $49,999.99
  0.10% 0.100% $50,000.00 and above
Includes WCCU Money Mammals Kids Club and Youth Share Savings Account. $5 min. to open - establishes membership.
IRA Savings Account
  0.25% 0.250% $25 to $4,999.99
  0.25% 0.250% $5,000.00 to $9,999.99
  0.50% 0.500% $10,000.00 and above
$25 Minimum balance to open. Consult your tax advisor to make sure you qualify for tax deductibility of IRA contributions.
Rewards Savings Account
  0.10% 0.100% $5.00 to $9,999.99
  0.15% 0.150% $10,000.00 to $49,999.99
  0.20% 0.200% $50,000.00 to $99,999.99
  0.25% 0.250% $100,000.00 to $199,999.99
  0.30% 0.300% $200,000.00 and above
No monthly service charges. Rate based on total balances under Primary Owner’s number- savings and loans (excluding 1st Mortgages). Interest is compounded & posted monthly based on total balances shown on last business day of the month. $5 min. to open - establishes membership.
#Goals Savings Account
  3.93% 4.000% $0.00
Rates are fixed for 12 months. After 12 months all accrued savings plus earnings will be transferred into your WCCU Savings (other than #Goals Savings) or Checking Account. Only 1 #Goals Savings Account per membership. At account opening automatic transfers will be scheduled from your WCCU checking account, $5 min. per month, $500 max. per month. Amount and date of transfer can be changed at any time. Auto transfers are the only deposits that can be made into this account. A penalty will be imposed for early withdrawal. 
Interest Money Market Account
  0.10% 0.100% $0.00 to $2,499.99
  0.10% 0.100% $2,500.00 to $4,999.99
  0.15% 0.150% $5,000.00 to $24,999.99
  0.25% 0.250% $25,000.00 to $74,999.99
  0.25% 0.250% $75,000.00 and above
Minimum to open is $2,500. No monthly service charge if minimum balance of $10,000 is maintained, otherwise there is a $25.00 monthly fee.

*Annual Percentage Yield (APY) is subject to change without notice. Fees may reduce earnings.

Certificates of Deposit
Effective Date: Monday, February 24th, 2020
TermRateAPY*Minimum Daily Balance to earn APY
3 Months 0.15% 0.150% $500.00
6 Months 0.20% 0.200% $500.00
12 Months 0.45% 0.450% $500.00
18 Months 1.74% 1.750% $500.00
24 Months 1.74% 1.750% $500.00
36 Months 0.75% 0.750% $500.00
48 Months 1.00% 1.000% $500.00
60 Months 1.49% 1.500% $500.00

*Annual Percentage Yield (APY) is subject to change without notice. A penalty will or may be imposed for early withdrawal. $500 minimum balance to open. Those in the Members Advantage program, please contact a Financial Services Representative for rates.

IRAs
Effective Date: Monday, February 24th, 2020
TermRateAPY*Minimum Daily Balance to earn APY
3 Months 0.15% 0.150% $500.00
6 Months 0.20% 0.200% $500.00
12 Months 0.45% 0.450% $500.00
18 Months 1.74% 1.750% $500.00
24 Months 1.74% 1.750% $500.00
36 Months 0.75% 0.750% $500.00
48 Months 1.00% 1.000% $500.00
60 Months 1.49% 1.500% $500.00

*Annual Percentage Yield (APY) is subject to change without notice. A penalty will or may be imposed for early withdrawal. $500 minimum balance to open. Those members in the Members Advantage program, please contact a Financial Services Representative for rates.

Premier 3 Month CD Special
Effective Date: Monday, February 24th, 2020
TermRateAPY*Minimum Daily Balance to earn APY
3 Months 1.04% 1.050% $500 to $24,999.99
  1.29% 1.300% $25,000 to $49,999.99
  1.54% 1.550% $50,000 and above

13 Month CD/IRA Special
Effective Date: Monday, February 24th, 2020
TermRateAPY*Minimum Daily Balance to earn APY
13 Months 1.14% 1.150% $2,500 to $24,999.99
  1.39% 1.400% $25,000 to $49,999.99
  1.64% 1.650% $50,000 and above

27 Month CD/IRA Special
Effective Date: Monday, February 24th, 2020
TermRateAPY*Minimum Daily Balance to earn APY
No rates found.

*Annual Percentage Yield (APY) is subject to change without notice. Other rates and terms available. Minimum deposit $2500 for the 27 month tiered CD/IRA. A penalty will be imposed for early withdrawal. Members Advantage does not apply.

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