Invest your money the secure way
You’ve worked hard for your money. Your money should work just as hard for you. Our certificates offer competitive rates which help you earn in a secure way.
Open Now Find a BranchEarn more with certificate specials
For a limited time only, we’re offering a special on select certificates so you can earn even more for your money. Open your certificate online or at your local branch today to lock in these rates:
9 month certificate up to 4.60% APY**
Open NowWhy choose a certificate
Earn more for your money
Earn higher rates than traditional savings accounts and even some money markets
Security you can trust
Certificates are insured by NCUA up to $250,000, additional amounts insured by MSIC
Lock in your earnings
Rates are locked in at opening for the term of the certificate
How a certificate works
When you open a certificate, your money is held securely for the duration of the term. You’ll earn dividends, which are compounded daily and posted monthly. Dividends can be transferred to another share account or mailed to you without penalty.
Once your certificate has matured (meaning the term is over) you may withdraw your funds or roll them over into another certificate. See our article What happens when my certificate matures? for more information.
Early withdrawals
Certificates help you earn such a high rate since the funds are “locked in” for the term. Early withdrawals may be made if needed, but a penalty will apply. Penalties are as follows:
- Certificates with terms of 1 year or less: 1 month’s dividends
- Certificates with terms of more than 1 year: 3 months’ dividends
Requirements to open
- Must live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester County or be a current Webster First member
- Enrollment in Webster First Federal Credit Union membership required to complete certificate ownership
Current Rates
| Type | Rate | APY1 | Min Balance |
|---|---|---|---|
| 3 Month | .75% | .76% | $1,000 |
| 6 Month | .85% | .85% | $1,000 |
| 12 Month | 1.50% | 1.51% | $500 |
| 13 Month | 3.25% | 3.30% | $500 |
| 24 Month | 1.50% | 1.51% | $500 |
| 36 Month | 1.50% | 1.51% | $500 |
| 48 Month | 1.50% | 1.51% | $500 |
| 60 Month | 1.50% | 1.51% | $500 |
| 9 Month Special² | 4.50% | 4.60% | $1,000 |
2:Minimum balance to obtain these rates is $1,000 and cannot be transferred from an existing Webster First Federal Credit Union account. Limited time offer.
All rates subject to change without prior notice. Fees may reduce earnings.
Award-winning service
2022 Winner: Best of Central Mass
Rated 5 Stars by Bauer
2021 Winner: Best of Central Mass
Why choose Webster First?
Smart money decisions are in our DNA
Webster First is one of the most well capitalized credit unions in Massachusetts as a result of our hard work and determination to make the best possible financial decisions. With our experience and dedicated team, we’re confident we can help you make the right financial decisions too.
Local, neighborly know-how
Our roots are in Massachusetts, opening our first branch in the small town of Webster back in 1928. Since then we’ve grown to over $1.2 billion with over 80,000 members who trust us with their banking. Since our banking team is locally grown too, they personally care about the success of their neighbors and community.
Authenticity you can trust
As New Englanders, we believe in being upfront and honest. You can expect straightforward answers to all your questions. Each relationship starts with trust and it’s the cornerstone of our acclaimed member service.
Additional services you may like:
**APY = Annual Percentage Yield. APY is accurate as of May 11, 2023. Penalty may be imposed for early withdrawal. Fees may reduce earnings. Minimum balance to obtain these rates is $1,000 and cannot be transferred from an existing Webster First Federal Credit Union account. Term of the advertised rate is 9 months. Rates subject to change. Limited time offer.