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Invest in YOU

There are lots of ways to invest in yourself, like deciding to eat that apple instead of the bag of chips. You take the stairs instead of the elevator. You decide to learn a new skill and sign up for classes. But what about your future finances? What do you hope for and how will you get there?

Whether you are dreaming of owning a small business or a home of your own, when you commit to regular savings, you are taking the first steps to invest in your future. It doesn’t take much to get started.

Start with SCU Direct

This special savings account offers a higher dividend rate to members who save systematically with a preauthorized weekly or monthly transfer from a SCU Checking Account. Changing your transfer amount or frequency to this account can be done at any of our branch locations or by calling 781-784-7725.

  • Unlimited withdrawals only when made in person
  • Online transfers available
  • Premium tiered variable dividend rate and APY
  • $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account

SCU Direct
Effective Date: January 1, 2024
DescriptionRateAPY*Minimum Balance**
SCU Direct Savings Account      
Tier 1 4.89% 5.00% $10.00-$9,999.99
Tier 2 2.96% 5.00% - 3.40% $10,000.00-$49,999.99
Tier 3 1.00% 3.40% - 1.48% $50,000.00-$249,999.99
Tier 4 0.05% 1.48% - 0.05% $250,000.00+


*APY = Annual Percentage Yield. Unlimited withdrawals only when made in person. Online transfer available. Premium tiered variable dividend rate and APY. $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account. $1,000 maximum opening deposit and preauthorized transfer amount from your SCU Checking Account.

Deposit Insurance

Your money is 100% safe. 100% insured. SCU Credit Union is insured by both the National Credit Union Association (NCUA) and Massachusetts Shared Insured Corporation (MSIC). Your money is 100% insured regardless of the amount at SCU Credit Union. MSIC provides Excess Share and Deposit Insurance to all members of SCU Credit Union automatically. The coverage is a benefit of membership and comes at no direct cost to you. MSIC insures the portion of any legal, verifiable share or deposit account that exceeds NCUSIF coverage with no limit.

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