Digital Banking

Webster First Federal Credit Union intros high-yield checking account

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March 16, 2026

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Webster First Federal Credit Union, based in Massachusetts, has introduced its First Rate Checking account, with a 5% APY on the first $1,000 in the account. With this rate, the union aims to provide members with more earning potential for everyday purchases, according to a press release.

Members have to set up direct deposit and e-statements to sign up for First Rate Checking. There are no required transactions or minimum direct deposit requirements for the account.

"The goal of Webster First is to provide an exceptional banking experience for our members and we believe the enhancements made to First Rate Checking do just that. The result is a checking account that our members love, rewarding them by meeting simple requirements, and granting earlier access to their paychecks. Within the first 90 days of launch, over 450 new checking accounts were opened with overwhelmingly positive feedback from members," John Cournoyer, CMO of Webster, said in the release.