River Works Credit Union
Locations in Boston:
1
Summary
This tiny but mighty credit union manages over $100 million in assets while offering competive CD rates.
What We Love...
River Works currently has the highest APY (in Boston) on a CD.
What We Don't...
CDs are compounded monthly (instead of daily) and paid at maturity.
"Single Account Relationships" are depositors who only have one account with the credit union. If balance is below $100, account is charged $2.50 per month.
Rates
Below are the rates we think you should know:
CD | Savings | Checking |
|---|---|---|
4.65% | 0.05% |
Rates can change at any time. Please check with each institution for current details. Last Updated: February 26, 2025
Cash Bonus?
Unknown
Abandonment Fee?
$12/year if dormant for more than 1 year with less than $100 in account; $50 abandonment fee.
Research Fee?
Unknown
History
The River Works Credit Union was established in 1936. It serves...
individuals and their families that live or work in Essex, Middlesex, and Suffolk County
General Electric employees, and any organization affiliated with the commpany
Electrical Union Members in Greater Boston, Dedham, and Brockton
The main office is in Lynn, MA but there is a branch in Dorchester, MA.