Available nationwide, the Workers Credit Union Business SaveUp Savings account is offering up to 3.56% APY on your funds.
Workers Credit Union Business SaveUp Savings Review
Workers Credit Union is headquartered in Littleton and is the 4th largest credit union in the state of Massachusetts. It is also the 172nd largest credit union in the nation. It was established in 1914 and as of March of 2022, it had grown to 335 employees and 116,834 members at 18 locations. Workers Credit Union’s savings rates are 7X the national average, and it has an A health rating.
Eligibility: Membership in Workers Credit Union is open to anyone by joining the Financial Fitness Association or through a $5 contribution to United Way of North Central MA (membership fee and $5 contribution will be paid for by Workers Credit Union). Individuals who live, work, worship, or attend school in Lowell or Worcester (Massachusetts) are also eligible to join. Employees/retirees of 12 participating employers also qualify, as do their immediate family and household members. See current membership details.
Workers Credit Union Business SaveUp Savings Rate
- Eligible account: Business SaveUp Savings
- Credit Inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide, Branches in MA (Locator)
- Opening Deposit: $5 minimum
- Monthly fee: $0
- Early Termination Fee: None listed, check with CSR
(NCUA Insured)
How to Earn Rate
- Open a Workers Credit Union Business SaveUp Savings account
- Earn the listed APY based on your account balance.
| Minimum Daily Balance for Stated APY | Base APY |
| $0–$499.99 | 3.56% |
| $500–$999.99 | 3.56% |
| $1,000–$1,999.99 | 3.56%-2.06% |
| $2,000–$2,999.99 | 2.06%–1.57% |
| $3,000–$4,999.99 | 1.57%–1.20% |
| $5,000–$6,999.99 | 1.20%–1.06% |
| $7,000–$9,999.99 | 1.06%–0.97% |
| $10,000–$12,999.99 | 0.97%–0.93% |
| $13,000–$16,999.99 | 0.93%–0.91% |
| $17,000–$20,999.99 | 0.91%–0.91% |
| $21,000–$24,999.99 | 0.91%–0.92% |
| $25,000–$29,999.99 | 0.92%–0.93% |
| $30,000–$39,999.99 | 0.93%–0.96% |
| $40,000–$49,999.99 | 0.96%–0.99% |
| $50,000–74,999.99 | 0.99%–1.05% |
| $75,000–$99,999.99 | 1.05%–1.09% |
| $100,000–$249,999.99 | 1.09%–1.19% |
| $250,000–$999,999.99 | 1.19%–1.24% |
| $1,000,000+ | 1.24%–1.25% |
Account Features
- Earn our highest business rates immediately
- No monthly maintenance fees
- Membership account
- Minimum $5 to open
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Conclusion
Workers Credit Union is offering a competitive rate for their savings account, however, keep in mind of the tiers. I would personally seek another account with less restrictions on what you can earn.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
