Somerville’s CU has the competitive rates you’re looking for.

Rates effective September 1, 2020.

All Rates Subject to Change.

Regular Accounts
Type Interest Rate APY*
Regular Shares 0.05% 0.05%
Special Purpose 0.05% 0.05%
Super Saver Club 0.45% 0.45%
IRA/Coverdell 1.15% 1.156%

Compounded Quarterly

Money Market Accounts
Amount Interest Rate APY*
$2500 – $10,000 0.15% 0.15%
$10,001 – $25,000 0.15% 0.15%
$25,001 – $50,000 0.15% 0.15%
$50,001 + 0.15% 0.15%

Compounded Quarterly

Term Certificates**
Type Interest Rate APY*
6 Months 0.25% 0.25%
9 Months 0.40% 0.401%
12 Months 0.50% 0.501%
18 Months 0.60% 0.602%
30 Months 0.70% 0.702%
36 Months 0.80% 0.802%

*APY = Annual Percentage Yield

**Early withdrawal penalties may be imposed. The Annual Percentage Yield assumes principal and interest would remain on deposit for the full term. A withdrawal and/or fees may reduce earnings.

Checking
Checking Accounts
Checking Accounts earn no interest, and have a minimum balance requirement of $0.01.

*APY = Annual Percentage Yield

Dividends are earned on the average daily balance for the dividend period.