Boston Globe Employees Credit Union

Products -- Savings

Because you are an owner of the credit union, you share in the profits. This means we frequently pay you higher than average returns.

Each member’s deposit is insured in full up to $100,000 by the National Credit Union Association (NCUA) and insured over $100,000 by the Massachusetts Credit Union Share Insurance Corp. (MSIC) up to limits set by Massachusetts law.

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Savings and Share Draft (NOW)
Checking Accounts

Statement (Member Capital) Savings accounts
All individual who wish to become a member of the Boston Globe Employees Credit Union must maintain a minimum balance of $25.00 in a statement/member capital account. You may deposit to or withdraw from this account as you wish but you must maintain the minimum balance amount.

Christmas Club Savings accounts
The Boston Globe Employees Credit Union offers its members weekly, biweekly and monthly payroll deduction directly to a savings account designed specially for members to saving money for the Christmas Holiday season. Christmas/Holiday club accounts start in October and are paid directly to our members' accounts on the first business day of following October each year. Can't start in October? Well, you can open your Christmas/Holiday club account any time during the year and we will disburse your Christmas/Holiday club account to you in October.

Vacation Club Savings accounts
The Boston Globe Employees Credit Union offers its members weekly, biweekly and monthly payroll deduction directly to a savings account designed specially for members to saving money for their vacations. Vacation club accounts start anytime you want and can be withdrawn (minimum withdrawals are $250) whenever you decide to go on vacation.

(Share Draft) N.O.W. Checking Accounts
The BGECU offers no cost checking accounts to its members who have direct deposit of their net weekly, biweekly or monthly payroll. For retirees, we also offer free checking, if you have your social security check or retirement check directly deposited. What's free you ask?

NO minimum balance required or activity fees
100 FREE standard checks every year for life
(normally $21.42 per 100checks)
NO VISA ® Debit Card Fees
(normally $1.00 per cash advance transaction) (Fees may be charged if you use a foreign ATM by the other financial institution)
NO fees for money orders
(normally $2.00 per money order)
NO fees for Official checks
(normally $3.00 per official check)
NO fees for American Express Travelers
(normally 1% of total checks purchased)
$250 Automatic Overdraft Protection (Up to $2,000 @ 12.5% APR with an approved application)
NO ATM fees at over 25,000 ATMâ€TMs through the country (SUM and ACCELLATM networks)
NO hidden charges
(like you know who!)

Balances of:

$1,000 to $2,500
$2,501 to $7,500
$7,501 to $50,000
$50,001 to $100,000
$100,001 and over

You may withdraw up to three (3) times per month, with a minimum withdrawal of $500.

Certificates of Deposit
The Boston Globe Employees Credit Union offers various term certificates of deposits to suite each members needs. See our rates.

RATES:
All rates posted on our web site are subject to change without notice. We honor all rates posted within the Boston Globe Employees Credit Union offices located at 135 Morrissey Boulevard, Boston, Massachusetts and 20Franklin Street, Worcester, Massachusetts as the official rates on all savings and loan accounts.

Money Market Savings Accounts
Money Market savings accounts require an initial deposit of $1,000 and then must maintain a minimum balance of $1,000. As you add to your account your annual percentage yield will increase along with your savings. Money market savings accounts have a tiered balance level and at each level interest rates will increase.