COVID-19 Update - May 15, 2020 - As of May 18, 2020 HCU's business hours will be expanding as we begin the process of a gradual reopening. The Holyoke and Feeding Hills Drive-thru hours will be: Mon. - Fri. 9:00 am - 4:00 pm and Sat. 9:00 am - 12:00 pm. The West Springfield branch and drive-thru will remain closed until further notice. If you wish to meet with a Member Service Representative at either of our branches, please call for an appointment. For Holyoke, call Sharon Carter at 413-341-0133. For Feeding Hills, call either Marjorie Letaez or Beth Cook at 413-278-6840. We thank you for your understanding and your continued patience!

Deposit Rates


Limited Edition Savings Account*

Rates Effective: 05/05/2020

Product Annual Percentage Yield (APY) Minimum Deposit to Open Annual Interest Rate Minimum Daily Balance
to Earn Stated APY
Limited Edition Savings Account 0.800% $1,000.00 0.800% $1,000.00
*Accounts must be associated with a CD.
Fees could reduce earnings on the account.


Companion Deposit Account*

Rates Effective: 05/05/2020

Product Annual Percentage Yield (APY) Minimum Deposit to Open Annual Interest Rate Minimum Daily Balance
to Earn Stated APY
Companion Deposit Account 0.550% $10.00 0.550% $10.00
*Accounts must be associated with a CD.
Fees could reduce earnings on the account.


Elite Money Market Account

Rates Effective: 05/05/2020

Elite Money Market Account Annual Percentage Yield (APY) Annual Interest Rate Minimum Deposit to Open Minimum Daily Balance
to Earn Stated APY
TIER 1 0.020% 0.020% $10.00 $0.01
TIER 2 0.020% 0.020% $10.00 $2,000.00
TIER 3 0.160% 0.160% $10.00 $10,000.00
TIER 4 0.210% 0.210% $10.00 $50,000.00
TIER 5 0.310% 0.310% $10.00 $100,000.00
TIER 6 0.310% 0.310% $10.00 $250,000.00
Rate may change after account opening.
Fees could reduce earnings on the account.


Savings Accounts

Rates Effective: 04/30/2020

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:  05/05/2020

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 0.210% 0.210% $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: 05/05/2020

Term Annual Percentage Yield (APY) Minimum Deposit to Open Annual Interest Rate Minimum Daily Balance
to Earn Stated APY
5 Months 0.160% $1,000.00 0.160% $0.01
6 Months 0.210% $1,000.00 0.210% $0.01
12 Months 0.360% $1,000.00 0.360% $0.01
18 Months 0.460% $1,000.00 0.460% $0.01
24 Months 0.510% $1,000.00 0.510% $0.01
30 Months 0.550% $1,000.00 0.550% $0.01
36 Months 0.660% $1,000.00 0.660% $0.01
48 Months 0.760% $1,000.00 0.760% $0.01
60 Months 0.860% $1,000.00 0.860% $0.01
A penalty may be imposed for early withdrawals.


Club Accounts

Rates Effective: 04/30/2020

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: 04/30/2020

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.