Last Updated: 04/18/2025
Worcester Credit Union Holiday Club Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10%(Verified 07/06/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0.01
Worcester Credit Union Holiday Club Account Review
Worcester Credit Union Holiday Club Account is offered by Worcester Credit Union, a credit union founded in 1934 and based in Worcester, MA. Worcester Credit Union Holiday Club Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Worcester Credit Union Holiday Club Account Pros & Cons
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Worcester Credit Union Holiday Club Account FAQ
Are savings accounts from Worcester Credit Union federally insured?
Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Worcester Credit Union offer a signup bonus?
Worcester Credit Union Holiday Club Account doesn't offer a signup bonus.
What is the minimum initial deposit for Worcester Credit Union Holiday Club Account?
There is no minimum deposit to open a Worcester Credit Union Holiday Club Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Worcester Credit Union Holiday Club Account offer?
Worcester Credit Union Holiday Club Account offers an APY of 0.10% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Worcester Credit Union Holiday Club Account charge?
Worcester Credit Union Holiday Club Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $25.00 fee.
- An overdraft on your account will trigger a $30.00 fee per item.
- Worcester Credit Union Holiday Club Account charges $3.00 every time you request a paper statement.
Does Worcester Credit Union Holiday Club Account charge overdraft fees?
Yes, Worcester Credit Union Holiday Club Account charges a $30.00 overdraft fee. Worcester Credit Union Holiday Club Account offers overdraft protection at a cost of $3.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
Can you set up a direct deposit to Worcester Credit Union Holiday Club Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:00PM