Savings & Money Market

 

At Webster First Federal Credit Union, we believe in setting strong financial foundations for our members. That means savings and money market accounts designed to work for you with the features and supporting services you need. Plus, as a credit union, our goal is to offer lower fees and higher interest rates on deposits.

 

We're pleased to offer the following savings & money market accounts:

  • Primary Share - A simple savings account with all the benefits included.
  • All Purpose - Whether you're saving for the holidays, a vacation, wedding, or any other goal, our All Purpose Account can help you get there.
  • Money Market - A higher interest account designed for members who are looking to build their savings.

 

 

Account Comparison

 

Primary Share 

All Purpose 

Money Market 

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About this Account

A simple savings account with all the benefits included.

Whether you're saving for the holidays, a vacation, wedding, or any other goal, our All Purpose Account can help you get there.

A higher interest account designed for members who are looking to build their savings.

Requirements

  • $5 minimum balance to open
  • Must live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester County
  • $1 minimum balance to open
  • $10,000 maximum balance
  • Must live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester County
  • $1,000 minimum deposit required to open
  • Must live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester County

Required minimum balance to earn interest

$5

 $10

$5 minimum required to earn interest; higher interest rate earned on balances of $1,000 or more, lower interest rate earned on balances below $1,000

Free Withdrawals

 Unlimited

Unlimited

3 free check withdrawals per month, $3 fee per check thereafter

Benefits

  • Free online and mobile banking
  • Free eStatements
  • Free direct deposit
  • Earns dividends
  • Free notary service
  • All deposits insured by NCUA up to at least $250,000; additional amounts insured by MSIC

 

 

 

 

Additional Benefits

ATM card available

   

Monthly Fees

  • No fee for accounts with $5 minimum balance or above
  • $1 per month for accounts under $5 minimum balance

None

 None

 

Switching from another bank or credit union?

Our helpful switch kit makes bringing your accounts to Webster First quick and easy. Click here to download a copy. Please note: not all financial institutions will comply with our switch kit.

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