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

Rates effective April 1, 2021.

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 0.75% 0.75%

Compounded Quarterly
* up to $2,500 balance then reduces to .05%

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 0.20% 0.20%
9 Months 0.30% 0.30%
12 Months 0.35% 0.35%
18 Months 0.40% 0.40%
30 Months 0.50% 0.50%
36 Months 0.60% 0.60%
60 Months 0.75% 0.75%

*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.