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Southbridge Credit Union
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CDs & IRAs

CDs & IRAs

Want to start investing but not sure where to start?

We’ll help you to invest for the long and short term with certificates of deposit (CDs) and individual retirement accounts (IRAs) from Southbridge Credit Union.

Term share CDs enable you to lock in a dividend rate your investment earns. Maturity dates range from 6 months to 5 years, with appropriately increasing annual percentage yields. You can plan the use of your funds, knowing that they earn an attractive, highly competitive rate of interest.

All term share CDs are insured by the National Credit Union Share Insurance Fund (NCUA) with supplemental coverage provided by the Massachusetts Share Insurance Corporation (MSIC).

Dividends on all term share certificates are compounded daily and posted monthly.

Automatically Renewable Account

  • This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. If you prevent renewal, your funds will be placed in a dividend-bearing account.
  • You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.

Listed below are the current rates for our CDs and IRAs along with minimum deposit requirements for the accounts. We’d be happy to help you with any questions or to open an account.

View & Print Rates
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Bylaw Requirements

Your Southbridge Credit Union membership is established by a prime share savings account with a $5.00 minimum balance. Once you’re a member, you can establish as many CDs and/or IRA accounts as you’d like. Read Full Disclosure.

Many Ways to Save Your Money

  • Money Market
  • CDs & IRAs
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Explore Our Savings Accounts

  • Prime Share Savings
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  • Kasasa Saver with Cash Back®
  • Regular Share Savings
Become a Member
Questions? Call Us at
888-599-2265

“When you are part of Southbridge Credit Union, you have access to world class benefits – low rates, exceptional service (I cannot stress this enough) and the products and services you deserve as a member. Here, you can expect access to your money the way you want and when you want it. So whether it’s online, on your mobile device, in person, or at an ATM, they have what you need. After being a member for over 40 years, I still feel the personalization of a small bank to where it has grown to today.”

Robert L. PoirierSCU Member

“When I needed a personal loan to help consolidate some of my previous debt, I went to the Southbridge Credit Union branch located at Bay Path. Jessica Joseph talked with me about my needs and options. Instantly, she got to work processing my information to receive the loan. During the process, a problem became evident. Due to the tight-knit and local nature of the bank, she was able to get an answer from a higher-up within a couple of hours. It feels good knowing that if a problem ever comes up with my accounts or loans, they are all right here in the community to take care of my needs.”

Matthew FallSCU Member

“Angie was very helpful and professional when I applied for a first mortgage and later, for a home equity loan. I had a great experience on both occasions, and she was very efficient processing all the associated paperwork. I would highly recommend her to anyone looking for a friendly helpful professional to assist with any lending needs.”

Bob CournoyerSCU Member

“We have worked with Paula at Southbridge Credit Union a few times for refinancing, home equity lines and mortgages, and she has always been great to work with. She is organized, professional and kind. We have had nothing but wonderful service at Southbridge Credit Union, not only from Paula but all other employees we have worked with there. We have found that Southbridge Credit Union has always had the best interest rates around, and they make the process of mortgages and home equity understandable! We have since transferred all of our banking there. Thank you, Southbridge Credit Union for always being so great to work with!”

Lori & Jason CzechSCU Members

“What a great experience we had working with Paula on our construction loan! It was very easy for us using today’s technology with the application, sending in the design, plot plans, etc. With my wife working in Boston and for myself being on the road as a Project Manager, Paula’s help guiding us through this on line was the key. All the legal documents were sent secure, which made us feel safe with such private information. The process of payment dispersal directly into our checking account after inspections kept this project moving along and gave me the control I needed with the contractors. SCU was a great partner to work with helping us complete our dream home!”

Glenn & Karen GregoireSCU Members

“I have been a customer of Southbridge Credit Union for the past seven years. After shopping for a mortgage online (Quicken, Lending Tree, etc.) I then looked at local lending institutions. What I discovered was SCU had the lowest rates of all. In addition to my mortgage, I now have a home equity line of credit and two auto loans. SCU’s rates are competitive and the bank personnel are always pleasant and willing to help to meet the needs of the customer. The customer service is second to none at SCU and I will continue to do business with them in the future.”

Chris HavenSCU Member

Southbridge Credit Union

Main Branch

205 Main Street
Southbridge, MA 01550
888-599-2265
info@sbgecu.org
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