Certificates

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 higher interest in a secure way.

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Certificates at a glance

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 and guaranteed 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.

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 interest
  • Certificates with terms of more than 1 year: 3 months’ interest

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
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Current Rates

Type Rate APY Min Balance
3 month 0.15% 0.15% $1,000.00
6 months 0.20% 0.20% $1,000.00
12 months 0.25% 0.25% $500.00
24 months 0.30% 0.30% $500.00
36 months 0.40% 0.40% $500.00
48 months 0.45% 0.45% $500.00
60 months 0.50% 0.50% $500.00

*APY = Annual Percentage Yield. Penalty may be imposed for early withdrawal. Compounds daily.

Award-winning service

2020 Best of Central Mass winner award badge

2020 Winner: Best of Central Mass

2019 Winner: Best of Central Mass

Rated 5 Stars by Bauer

2018 Winner: BBB Marketplace Excellence

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.

*APY = Annual Percentage Yield. Compounds daily. Fees may reduce earnings. Penalty may be imposed for early withdrawal.