Credit union · NCUA insured
Somerset Federal Credit Union CD Rates
Somerset Federal Credit Union’s best CD rate is 4.50% APY on a 13-month share certificate (CD). Terms run from 6 months to 5 years. Rates checked October 15, 2026.
How Somerset Federal Credit Union’s CD rates compare
Compared with banks and credit unions near Providence, RI-MA, where Somerset Federal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Somerset Federal Credit Union
4.50%APY
- Term
- 13 months
- Minimum
- $1,000
- Earns on $10,000
- $488
Term Share Certificates
Top rate
Rhode Island Credit Union
4.80%APY
- Term
- 8 months
- Minimum
- $500
- Earns on $10,000
- $317
2nd-highest rate
Arise Financial
4.75%APY
- Term
- 36 months
- Minimum
- $500
- Earns on $10,000
- $1,494
Somerset Federal Credit Union CD score
87
CD score
Higher than 75% of U.S. banks and credit unions
- 3–8 months3–8 mo3.90%
- 9–15 months9–15 mo4.50%
- 16–30 months16–30 mo0.55%
- 31–60 months31–60 mo1.00%
- QualifiedQualified4.50%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Somerset Federal Credit Union ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Term Share Certificates
Up to 4.50%APY · 8 terms
Open to SFCU members (living, working, worshiping, attending school in specified MA/RI counties/towns, or immediate family). Penalty may be imposed for early withdrawal before maturity. Minimum deposit to open is $1,000.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 6 monthsEarn dividends with minimum balance of $1,000 | 0.25% | $12 |
| 7 monthsSpecial term for a limited time only. Earn dividends with minimum balance of $1,000 | 3.90% | $226 |
| 12 monthsEarn dividends with minimum balance of $1,000 | 0.45% | $45 |
| 13 monthsSpecial term for a limited time only. Earn dividends with minimum balance of $1,000 | 4.50% | $488 |
| 24 monthsEarn dividends with minimum balance of $1,000 | 0.55% | $110 |
| 36 monthsEarn dividends with minimum balance of $1,000 | 0.70% | $211 |
| 48 monthsEarn dividends with minimum balance of $1,000 | 0.80% | $324 |
| 60 monthsEarn dividends with minimum balance of $1,000 | 1.00% | $510 |
Sources (2)
All captured Oct 15, 2026
Special-purpose accounts
Roth Individual Retirement Account (IRA) Term Share Certificate
Up to 4.50%APY · 7 terms
Penalty may be imposed for withdrawals before maturity.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 7 monthsSpecial term for a limited time only | 3.90% | $226 |
| 12 months | 0.45% | $45 |
| 13 monthsSpecial term for a limited time only | 4.50% | $488 |
| 24 months | 0.55% | $110 |
| 36 months | 0.70% | $211 |
| 48 months | 0.80% | $324 |
| 60 months | 1.00% | $510 |
Sources (1)
- somersetfcu.com/checking-savings-and-certificates-rates · captured Oct 15, 2026
Traditional Individual Retirement Account (IRA) Term Share Certificate
Up to 4.50%APY · 7 terms
Penalty may be imposed for withdrawals before maturity.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 7 monthsSpecial term for a limited time only | 3.90% | $226 |
| 12 months | 0.45% | $45 |
| 13 monthsSpecial term for a limited time only | 4.50% | $488 |
| 24 months | 0.55% | $110 |
| 36 months | 0.70% | $211 |
| 48 months | 0.80% | $324 |
| 60 months | 1.00% | $510 |
Sources (1)
- somersetfcu.com/checking-savings-and-certificates-rates · captured Oct 15, 2026
Who can join Somerset Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in specified counties and towns in Massachusetts and Rhode Island are eligible for membership.
Employers and groups
- Organizations comprised of persons who qualify for membership may open an account.
Family and household
- Immediate family members of individuals eligible through the geographic field of membership qualify for membership.
Cost to join
- An initial deposit of $5 is required to become a member and must remain on deposit for the life of the account.
Membership information collected October 5, 2026.