COVID-19 Update - 08/13/2020 The Holyoke and Feeding Hills lobbies are now open to limited traffic (Holyoke - 5 members & Feeding Hills - 3 members at any time). Masks are required and social distancing will be practiced. HCU's hours will remain the same, M - F 9am - 4pm, Sat. 9am - 12pm. The West Springfield branch will remain closed until further notice. If you wish to meet with a Member Service Representative, please call for an appointment. For Holyoke, call Sharon Carter at 413-341-0133. For Feeding Hills, call either Marjorie Letasz or Beth Cook at 413-278-6840. We thank you for your understanding while we implement this "new normal"!

Deposit Rates


Limited Edition Savings Account*

Rates Effective: 08/03/2020

Product Annual Percentage Yield (APY) Minimum Deposit to Open Annual Interest Rate Minimum Daily Balance
to Earn Stated APY
Limited Edition Savings Account 0.550% $1,000.00 0.550% $1,000.00
*Accounts must be associated with a CD.
Fees could reduce earnings on the account.


Companion Deposit Account*

Rates Effective: 08/03/2020

Product Annual Percentage Yield (APY) Minimum Deposit to Open Annual Interest Rate Minimum Daily Balance
to Earn Stated APY
Companion Deposit Account 0.350% $10.00 0.350% $10.00
*Accounts must be associated with a CD.
Fees could reduce earnings on the account.


Elite Money Market Account

Rates Effective: 08/03/2020

Elite Money Market Account Annual Percentage Yield (APY) Annual Interest Rate Minimum Deposit to Open Minimum Daily Balance
to Earn Stated APY
TIER 1 0.010% 0.010% $10.00 $0.01
TIER 2 0.010% 0.010% $10.00 $2,000.00
TIER 3 0.110% 0.110% $10.00 $10,000.00
TIER 4 0.160% 0.160% $10.00 $50,000.00
TIER 5 0.210% 0.210% $10.00 $100,000.00
TIER 6 0.210% 0.210% $10.00 $250,000.00
Rate may change after account opening.
Fees could reduce earnings on the account.


Savings Accounts

Rates Effective: 07/31/2020

Savings Product Annual Percentage Yield (APY) Annual Interest Rate Minimum Deposit to Open Minimum Daily Balance
to Earn Stated APY
Statement Savings Account 0.010% 0.010% $10.00 $100.00
Savers Money Market 0.010% 0.010% $10.00 $0.01
Rate may change after account opening.
Fees could reduce earnings on the account.


IRA Money Market Account

Rates Effective:  08/03/2020

IRA Money Market Account Annual Percentage Yield (APY) Annual Interest Rate Minimum Deposit to Open Minimum Daily Balance
to Earn Stated APY
TIER 1 0.010%

0.010%

$10.00 $0.01
TIER 2 0.110% 0.110% $10.00 $25,000.00
TIER 3 0.160% 0.160% $10.00 $75,000.00

A penalty may be imposed for early withdrawal.
Fees could reduce earnings on the account. 


Certificates of Deposit & IRA Certificates of Deposit

Rates Effective: 08/03/2020

Term Annual Percentage Yield (APY) Minimum Deposit to Open Annual Interest Rate Minimum Daily Balance
to Earn Stated APY
5 Months 0.060% $1,000.00 0.060% $0.01
6 Months 0.110% $1,000.00 0.110% $0.01
12 Months 0.210% $1,000.00 0.210% $0.01
18 Months 0.310% $1,000.00 0.310% $0.01
24 Months 0.360% $1,000.00 0.360% $0.01
30 Months 0.380% $1,000.00 0.380% $0.01
36 Months 0.410% $1,000.00 0.410% $0.01
48 Months 0.460% $1,000.00 0.460% $0.01
60 Months 0.610% $1,000.00 0.610% $0.01
A penalty may be imposed for early withdrawals.


Club Accounts

Rates Effective: 07/31/2020

Club Account Annual Percentage Yield (APY) Annual Interest Rate Minimum Deposit to Open Minimum Daily Balance
to Earn Stated APY
Christmas Club 0.01% 0.01% $10.00 $0.01
Vacation Club 0.01% 0.01% $10.00 $0.01
All-Purpose Club 0.01% 0.01% $10.00 $0.01
Rate may change after account opening. Fees could reduce earnings on the account.


Checking Accounts

Rates Effective: 07/31/2020

Checking Product Annual Percentage Yield (APY) Annual Interest Rate Minimum Deposit to Open Minimum Daily Balance
to Earn Stated APY
NOW Checking 0.01% 0.01%

$10.00

$0.01
Rate may change after account opening. Fees could reduce earnings on the account.