Holyoke Credit Union understands that savings account rates are typically low.  This is the reason we are now offering an account that offers a great rate combined with total liquidity.  We understand that many members are reluctant to tie up all of their funds in fixed-term CDs and would prefer to keep part of their money in easy-to-access cash.  

The Companion Deposit Account – An account to accompany newly issued CDs that provides savers the best in savings – HIGH YIELD and NO TIME COMMITMENT.  

The Companion Deposit Account provides just these benefits.  You are able to have the best of both worlds with some funds locked into a great paying CD and some funds available in a high paying deposit account, of which the balance can be accessed at any time.  

New Holyoke Credit Union CD account holders are eligible for our premium priced Companion Deposit Account of equal or lesser size to your new CD.  This high-yield savings approach appeals to all members because of its well-priced long-term nature.  

This product combines the most attractive promotional features of CDs and savings: 

  • Open and fund like a CD
  • High yield like a CD
  • Variable rate like a savings account
  • Withdraw funds anytime, like a savings account

This special deposit account does not allow additional deposits.  

0.22% APY* -  Holyoke Credit Union not only offers outstanding CD rates, but is now offering a 0.22% APY deposit account which can be opened in companion with your new CD.  

Speak to a Member Service Representative to take advantage of this great opportunity!
*APY = Annual Percentage Yield.  The APY for the Companion Deposit Account is effective as of January 20, 2021.  Rate is subject to change at any time.  Companion Deposit Account must be opened and funded the same day as the associated time deposit (CD).  The minimum balance required to open this account is $10.00.  A minimum daily balance of $10 is required to earn interest and the stated APY.  No monthly maintenance service charge.  No transaction fees.  Interest will be compounded every day.  Interest will be credited to your account every month.  Unlimited withdrawals in person. After the account is opened, no additional deposits are allowed.  Personal accounts only.  Your savings are federally insured up to $250,000 through the National Credit Union Administration (NCUA); a U.S. Government Agency.  The Massachusetts Share Insurance Corporation (MSIC) insures any amount over $250,000 without limit.