Specialty Accounts

Club accounts are special share accounts that are also dividend bearing. It’s a way for you to put money away each week throughout the year. We offer Christmas Club Accounts, and All-Purpose Club Accounts that work well for vacation planning or other annual events.

Club Accounts

  •  Rates Effective 10-22-2017
Dividend Rate APY Alert Me
All-Purpose Club Account 0.50% 0.50%
Christmas Club Account 0.50% 0.50%
There is no minimum balance required to open a Club Account. APY = (Annual Percentage Yield). Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure. Rates are subject to change at any time. There is a minimum weekly deposit of $5.00. Disbursements will be made by Direct Transfer to Share Accounts in March, June, September or December for All-Purpose Club Accounts and in November for Christmas Club Accounts.

Boston Firefighters Credit Union has developed an account for our smallest members. Children under the age of 14, eligible for membership, can open a Jake Jr. Share Account with the advantage of also opening a Jake Jr. Tiered Rate Money Market Account (MMDA) in order to get a head start on learning the importance of saving.

Jake Jr. Share Account

  •  Rates Effective 10-22-2017
Dividend Rate APY Alert Me
0.50% 0.50%
The minimum balance required to open a Jake Jr. Share Account is $25.00. APY (Annual Percentage Yield). Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure. Rates are subject to change at any time.

Jake Jr. Tiered Rate Money Market Account (MMDA)

  •  Rates Effective 10-22-2017
Account Balance Dividend Rate APY Alert Me
$0.00 - $999.99 0.25% 0.25%
$1,000 - $4,999.99 0.50% 0.50%
$5,000 + 0.75% 0.75%
All of the interest rates and APYs (Annual Percentage Yield) stated above are variable rate accounts and are subject to change at any time. There is no minimum balance required to open a Jake Jr. MMDA. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.

Help your students learn the value of credit union membership at a young age. At BFCU, we understand the demands on today's students. With so many responsibilities to look after, students need a flexible banking product that works with their busy lifestyle.

That is why we have developed these accounts. Packaged with versatile features, the BFCU High School and College Student Accounts benefits students by giving them all of these great banking tools:

  • Share Account and NOW Account (Share Draft) 
  • NO minimum balance requirements on NOW Checking Account
  • NO annual, monthly or per item fees
  • FREE Home Banking with BillPay,  Mobile and Text Banking*
  • EARNS Dividends
  • FREE ATM transactions**
  • MasterMoney Debit Card
  • 24 HR Hotline
  • VISA® Classic Credit Card with no annual fee (requires parental guarantee and subject to credit approval.  See credit card rates and terms
  • Parents can link their account to the student account to monitor and transfer funds if needed.

Share Account

  •  Rates Effective 10-22-2017
Dividend Rate APY Alert Me
Secondary Share Accounts include Real Estate Suspense, Insurance, IRA Share, and VISA Autopay 0.50% 0.50%
The minimum balance required to open a Share Account and IRA Share Account is $25.00. IRA (Individual Retirement Account). APY (Annual Percentage Yield). Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure. Rates are subject to change at any time.

NOW Account (Share Draft)

  •  Rates Effective 10-22-2017
Dividend Rate APY Alert Me
NOW Account (Share Draft) 0.25% 0.25%
There is no minimum balance required to open a NOW Account (Share Draft). All of the dividend rates and APYs (Annual Percentage Yield) stated above are variable rate accounts and are subject to change at any time. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.

*Carrier fees may apply
**BFCU is affiliated with three ATM networks (SUM, Money Pass and Co-Op), which allows members to withdraw funds surcharge free!

Tiered rate money market accounts are another option offered by BFCU for those looking to keep their funds liquid and available while earning premium dividend rates. The dividend rate structure is tiered so the more you have in a tiered rate money market account the more dividends you will earn.

Tiered Rate Money Market Account (MMDA) and IRA MMDA

  •  Rates Effective 10-22-2017
Account Balance Dividend Rate APY Alert Me
$0.00 - $2,499.99 0.25% 0.25%
$2,500 - $9,999.99 0.45% 0.45%
$10,000 - $24,999.99 0.50% 0.50%
$25,000 - $49,999.99 0.55% 0.55%
$50,000 + 1.00% 1.00%
All of the dividend rates and APYs (Annual Percentage Yield) stated above are variable rate accounts and are subject to change at any time. IRA (Individual Retirement Account) $2,500 is the minimum balances required to open a MMDA and IRA MMDA. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.

Jake Jr. Tiered Rate Money Market Account (MMDA)

  •  Rates Effective 10-22-2017
Account Balance Dividend Rate APY Alert Me
$0.00 - $999.99 0.25% 0.25%
$1,000 - $4,999.99 0.50% 0.50%
$5,000 + 0.75% 0.75%
All of the interest rates and APYs (Annual Percentage Yield) stated above are variable rate accounts and are subject to change at any time. There is no minimum balance required to open a Jake Jr. MMDA. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.

 

We offer a variety of share certificate accounts that can earn a higher dividend rate than regular share accounts. Our term share certificate accounts not only yield a higher rate of return, but they also offer flexible terms to fit your financial needs.

Term Share Certificate Account (CD) and IRA CD

  •  Rates Effective 10-22-2017
Term Regular Dividend Rate APY Jumbo Dividend Rate1 APY Alert Me
6 Months 0.75% 0.75% 1.00% 1.00%
1 Year 1.00% 1.00% 1.25% 1.26%
2 Years 1.25% 1.26% 1.50% 1.51%
3 Years 1.50% 1.51% 1.75% 1.76%
4 Years 1.75% 1.76% 2.00% 2.02%
5 Years 2.00% 2.02% 2.25% 2.27%
APY (Annual Percentage Yield). The minimum balance required to open a Term Share Certificate Account is $1,000. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure. IRA (Individual Retirement Account)
  • 1Members investing $100,000 or more in aggregate Term Share Certificate Account balances will receive a Jumbo Dividend Rate of .25% over our Regular Dividend Rate for the term of investment. Existing Term Share Certificate Accounts will retain their current rate, and the Jumbo Dividend Rate will be applied to all future Term Share Certificate Accounts opened and rolled over after January 1, 2009. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.