Somerville’s CU has the competitive rates you’re looking for.
Rates effective July 1, 2020.
All Rates Subject to Change.
| 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
| 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
| Type | Interest Rate | APY* |
|---|---|---|
| 6 Months | 0.40% | 0.401% |
| 9 Months | 0.50% | 0.501% |
| 12 Months | 0.60% | 0.602% |
| 18 Months | 0.70% | 0.702% |
| 30 Months | 0.80% | 0.802% |
| 36 Months | 0.90% | 0.903% |
| 60 Months | 1.00% | 1.04% |
*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 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.