Metro Credit Union CD Rates
Metro Credit Union is dedicated to helping out their community, and they do so by forming a better quality of life in their community, offering financial literacy classes, offering genuine service and personalizing it to all of their clients, and much more. After several years in business, Metro Credit Union has grown to have over 200,000 members to this day.
Let’s uncover the details further below;
Metro Credit Union CD Rates Offers
Metro Credit Union CD Rate options with complete details are provided below;
3 Month CD
- APY: 4.00%
- Interest Rate: 4.00%
- Min Balance to Earn Interest: $0.01
- Min Balance to Open: $500.00
Considerations
- Short-term commitment with a competitive APY.
- Low minimum balance to earn interest.
- Requires a $500.00 minimum balance to open.
Pros & Cons
| Pros | Cons |
| Competitive APY | Short-term, limited investment duration |
| Low minimum balance to earn |
6 Month CD
- APY: 5.20%
- Interest Rate: 5.20%
- Min Balance to Earn Interest: $0.01
- Min Balance to Open: $500.00
Considerations
- Similar to the 3-month CD but slightly longer term.
- Attractive APY for a mid-term investment.
- $500.00 minimum balance required for opening.
Pros & Cons
| Pros | Cons |
| Low minimum balance to earn | Mid-term commitment |
| $500.00 minimum balance to open |
12 Month CD
- APY: 4.00%
- Interest Rate: 3.92%
- Min Balance to Earn Interest: $0.01
- Min Balance to Open: $500.00
Considerations
- One-year commitment with a competitive APY.
- Slightly lower interest rate compared to shorter-term CDs.
- $500.00 minimum balance required for opening.
Pros & Cons
| Pros | Cons |
| Commendable APY | Slightly lower interest rate |
13 Month CD
- APY: 4.00%
- Interest Rate: 3.92%
- Min Balance to Earn Interest: $0.01
- Min Balance to Open: $500.00
Considerations
- Similar to the 12-month CD but with an extra month.
- Competitive APY for a slightly extended term.
- $500.00 minimum balance required for opening.
Pros & Cons
| Pros | Cons |
| $500.00 minimum balance to open | Similar to 12 Month CD with an extra month |
Are Metro Credit Union CD Rates Competitive?
Metro Credit Union offers competitive CD rates across various terms. Their 3-month and 6-month CDs provide attractive APYs, making them suitable for individuals seeking short-term investments. With a low minimum balance requirement to earn interest and open an account, these options offer accessibility.
Whereas, for all those who are looking for a slightly longer commitment, the 12-month and 13-month CDs maintain competitive rates, albeit with a minimal reduction in interest compared to shorter terms. The 15-month and 17-month CDs offer even higher APYs, providing an appealing balance between duration and return on investment.
Overview Metro Credit Union
Metro Credit Union was founded in 1926 with just 35 members and only $2,000 in their assets. Despite their humble beginnings, Metro Credit Union has grown to become one of the largest banks in Massachusetts.
Unlike other banks, Metro Credit Union is a not-for-profit credit union that employs its members to work for them. As a result, their philosophy is “people helping people.” And that is exactly what they do.
Metro Credit Union has a mission that sets out to create and foster meaningful relationships between its clients and their employees. Despite being a small credit union, Metro offers some of the same business products and latest delivery innovations you’d expect from a large financial institution.
Availability
You have to be a member of Metro Credit Union in order to open up a CD. This means that if you are interested, be sure to reach out to Metro Credit Union with all of your personal information and other banking information as well. Keep in mind that in order to be a member you must be a resident of Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester County in Massachusetts, or Rockingham or Hillsborough County in New Hampshire.
Locations Metro Credit Union
Branches in Massachusetts
The branches in Massachusetts are:
Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, and Tewksbury.
Frequently Asked Questions
The minimum balance to open a Metro Credit Union CD is $500.00.
Yes, there may be penalties for early withdrawal from a Metro Credit Union CD, and the specific amount depends on the terms of the CD.
Yes, Metro Credit Union CDs offer competitive interest rates across various terms, ranging from 3 months to 17 months.
The APY represents the total interest earned on an account, including compounding, while the interest rate is the percentage of the principal amount earned as interest. Both are displayed for transparency in Metro Credit Union CD terms.