Metro Credit Union
Locations in Boston:
5
What We Love...
Generous CD rates
Fairly high interest checking account
Deposits are fully insured by the National Credit Union Administration (NCUA) and the Massachusetts Share Insurance Corporation (MSIC)
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What We Don't...
Interest is only compounded daily for CDs with a 3-11 month term. Other CDs are not compounded.
Free checking account is charged a fee for inactivity.
Interest earning checking account requires a large minimum balance.
Member account is required and has to maintain a certain balance to avoid fees.
Savings rates can change at any time, and depositors may not be notified.
Long wait times on the phone
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Rates
Below are the rates we think you should know:
CD | Savings | Checking |
|---|---|---|
3.75% | 0.10% - 3.00% | 0.50% |
Rates can change at any time. Please check with each institution for current details. Last Updated: November 30, 2025
Cash Bonus?
Unknown
Abandonment Fee?
$50 per account, for no activity for 3 years
Research Fee?
$20/hour
Summary
Metro has done an excellent job making a name for themselves in Boston. The inability to open stand alone accounts makes it an inconvenient option for those looking to declutter and better organize their finances.
History
Despite tying for second place in regards to the number of locations in the city, Metro Credit Union has the most assets under management (over 3 million) as of January 2023.