Compare Bank & Credit Union Rates
Best savings rates in Somerville, MA
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 1–15 results in Somerville, MA
- 3.50%APY$350 a year on $10,000with conditions
Requirements
Product: Requires an attached Smart Rewards Checking account. Limit of one Smart Rewards Savings account per member. No monthly maintenance fees and no minimum balance required.
Offer: Applies to balances up to and including $25,000 when Smart Rewards Checking monthly qualifications (12 debit card purchases posted/settled, access online/mobile banking at least once, e-statements) are met.
Qualified rate · 3.45% interest rate · No monthly fee · Effective Oct 1, 2026
Rate checked
More details - East Cambridge Savings BankEast Cambridge Money MarketEast Cambridge Money Market · $25 min
Bank · 1 branch
3.50%APY$350 a year on $10,000with conditionsRequirements
Product: Must be linked with East Cambridge Checking to earn bonus rate. Exclusively for East Cambridge Checking customers. Personal deposits of Massachusetts residents only. No monthly maintenance fees. $25.00 minimum deposit required to open account.
Offer: Monthly qualifications met (25 Point-of-Sale transactions, 1 External Withdrawal posted and settled to linked East Cambridge Checking account during the month, and eStatements on account). Includes ATM rebates up to $20.00 for foreign bank ATM surcharges (capped at $5.00 per individual charge) and up to $10.00 in ECSB Foreign ATM charges.
Qualified rate · Balance cap $100,000 · No monthly fee · Effective Oct 4, 2026
Rate checked
More details - 3.35%APY$335 a year on $10,000
Requirements
Product: Personal deposits of Massachusetts residents only. Must be opened with new funds not currently on deposit with East Cambridge Savings Bank, and future deposits must be from outside funds. One account per household. Variable rate account; rates may change after account opening. Deposit accounts fully insured by FDIC and DIF.
Offer: Daily balances up to and including $1,000,000.00 earn 3.35% APY. Must be opened with new funds; Massachusetts residents only; one account per household.
Balance cap $1,000,000 · No monthly fee · Effective Oct 4, 2026
Rate checked
More details - Cambridge Savings BankRelationship High-Yield Money MarketRelationship High-Yield Money Market · $10 min · 1.50%–3.10% by balance
Bank · 1 branch
1.75%APY$175 a year on $10,000with conditionsRequirements
Product: Monthly maintenance service charge of $10 is waived with $1,000 average monthly balance. Non-CSB ATM surcharge reimbursement up to $12/month. Interest is not paid on account balances below $10. Variable rate tiered account.
Offer: With Performance Plus Checking. Monthly maintenance service charge of $10 is waived with $1,000 average monthly balance.
Qualified rate · 1.48% interest rate · $10 monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Relationship High-Yield Money Market Balance APY Up to $10,000 1.50% $10,000 – $50,000Your amount 1.75% $50,000 – $250,000 2.20% $250,000 – $1,000,000 2.80% $1,000,000 and up 3.10% Rate checked
More details - Cambridge Savings BankRelationship High-Yield Money MarketRelationship High-Yield Money Market · $10 min · 1.25%–2.85% by balance
Bank · 1 branch
1.50%APY$150 a year on $10,000with conditionsRequirements
Product: Monthly maintenance service charge of $10 is waived with $1,000 average monthly balance. Non-CSB ATM surcharge reimbursement up to $12/month. Interest is not paid on account balances below $10. Variable rate tiered account.
Offer: Without Performance Plus Checking. Monthly maintenance service charge of $10 is waived with $1,000 average monthly balance.
Qualified rate · 1.24% interest rate · $10 monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Relationship High-Yield Money Market Balance APY Up to $10,000 1.25% $10,000 – $50,000Your amount 1.50% $50,000 – $250,000 1.95% $250,000 – $1,000,000 2.55% $1,000,000 and up 2.85% Rate checked
More details - Naveo Credit UnionPremier Money MarketPremier Money Market · $2,500 min · 0.50%–3.50% by balance
Credit union · 1 branch
0.50%APY$50 a year on $10,000Requirements
Product: Membership eligibility requirements must be met. Variable rate account. Minimum balance to earn interest is $2,500. Interest rate tier earned is based on daily balance.
Offer: Tier 1: Daily balance of $2,500-$49,999.99.
0.50% interest rate · No monthly fee
Rate by balance
Rate by balance for Premier Money Market Balance APY $2,500 – $50,000Your amount 0.50% $50,000 – $125,000 1.00% $125,000 – $300,000 2.00% $300,000 and up 3.50% Rate checked
More details - 0.40%APY$40 a year on $10,000
Requirements
Product: Interest is compounded and credited monthly. Daily balance method used to calculate interest. Maximum of six preauthorized, automatic, telephone, or electronic transfers/payments per monthly statement cycle; after three violations account may be converted to Simply Free Checking.
Offer: Must maintain a minimum balance of $50 each day to obtain the disclosed APY.
0.40% interest rate · Effective Oct 1, 2026
Rate checked
More details - 0.40%APY$40 a year on $10,000
Requirements
Product: Available online only. Rates subject to change without notice. Fees may reduce earnings.
Offer: Available online only. Minimum balance to earn interest is $50.
0.40% interest rate · Effective Oct 1, 2026
Rate checked
More details - Winter Hill BankPrestige Money Market Deposit AccountPrestige Money Market Deposit Account · $10 min · 0.40%–0.55% by balance
Bank · 2 branches
0.40%APY$40 a year on $10,000Requirements
Product: Federal Regulations permit up to 6 transfers or withdrawals by means of a preauthorized, automatic, or telephone transfer to another account of yours or to a third party by check, debit card or similar order to a third party during any statement cycle. A $10.00 fee will apply for each transaction in excess of 6. The minimum check withdrawal amount is $250.00.
0.40% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Prestige Money Market Deposit Account Balance APY Up to $25,000Your amount 0.40% $25,000 – $100,000 0.40% $100,000 – $250,000 0.55% $250,000 – $500,000 0.55% $500,000 – $3,000,000 0.55% $3,000,000 and up 0.40% Rate checked
More details - Rockland TrustRockland Complete Money MarketRockland Complete Money Market · $250 min · 0.10%–1.00% by balance
Bank · 2 branches
0.30%APY$30 a year on $10,000Requirements
Product: Variable interest rates; may change after the account is opened. Fees may reduce your earnings. The APY for each balance tier in your Rockland Trust Complete Money Market Savings Account will apply to the entire balance.
Offer: Compounded monthly. Variable interest rate. APY applies to entire balance.
0.10% interest rate · Compounded monthly · Effective Oct 6, 2026
Rate by balance
Rate by balance for Rockland Complete Money Market Balance APY Up to $5,000 0.10% $5,000 – $25,000Your amount 0.30% $25,000 – $50,000 0.55% $50,000 – $1,000,000 1.00% $1,000,000 and up 1.00% Rate checked
More details - 0.25%APY$25 a year on $10,000
Requirements
Product: Compounded and credited monthly. Monthly maintenance fee imposed if average daily balance falls below $2,500 any day of cycle. Maximum of 6 transfers/electronic payments per monthly statement cycle.
Offer: Min balance to earn interest is $50.
0.10% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY Up to $10,000 0.10% $10,000 – $50,000Your amount 0.25% $50,000 – $100,000 0.40% $100,000 – $250,000 0.40% $250,000 – $1,000,000 0.40% $1,000,000 – $3,000,000 0.40% $3,000,000 and up 0.30% Rate checked
More details - Harvard Federal Credit UnionMoney MarketMoney Market · $1,500 min · 0.10%–0.65% by balance
Credit union · 1 branch
0.25%APY$25 a year on $10,000Requirements
Product: Tiered interest rates that increase with balance. Up to six electronic transfers allowed per month. Minimum $10.00 to earn APY. Not accessible through an ATM machine.
Offer: Minimum to earn APY is $10.00. Rate applies to balances < $1,500.
0.10% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY Up to $1,500 0.10% $1,500 – $5,000 0.15% $5,000 – $25,000Your amountRate applies to balances $5k – < $25k. 0.25% $25,000 – $50,000Rate applies to balances $25k – < $50k. 0.25% $50,000 – $100,000Rate applies to balances $50k – < $100k. 0.45% $100,000 – $250,000Rate applies to balances $100k – < $250k. 0.55% $250,000 and upRate applies to balances over $250k. 0.65% Rate checked
More details - Rockland TrustMoney Market SavingsMoney Market Savings · $25 min · 0.05%–0.55% by balance
Bank · 2 branches
0.20%APY$20 a year on $10,000Requirements
Product: Variable interest rates; may change after the account is opened. $8 monthly maintenance fee waived if you maintain a $2,500 daily balance. The APY for each balance tier applies to the entire balance.
Offer: Compounded monthly. Variable interest rate. $8 monthly fee waived with $2,500 daily balance. APY applies to entire balance.
0.05% interest rate · Compounded monthly · $8 monthly fee · Effective Oct 6, 2026
Rate by balance
Rate by balance for Money Market Savings Balance APY Up to $10,000 0.05% $10,000 – $25,000Your amount 0.20% $25,000 – $50,000 0.50% $50,000 – $1,000,000 0.55% $1,000,000 and up 0.55% Rate checked
More details - Somerville's Credit UnionMoney Market AccountsMoney Market Accounts · $2,500 min
Credit union · 2 branches
0.15%APY$15 a year on $10,000Requirements
Product: Compounded Quarterly
0.15% interest rate · Compounded quarterly · Effective Oct 1, 2026
Rate checked
More details - 0.15%APY$15 a year on $10,000
Requirements
Product: Waive monthly fee with $250 avg. monthly balance OR if you've notified us that you're 18 or younger or 65 or older.
Offer: Minimum opening deposit of $1. The minimum balance to earn the APY is $10. Fees may reduce earnings.
0.15% interest rate · $5 monthly fee
Rate checked
More details
Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates, not just the account shown. How we rank
What savings accounts pay in Somerville, MA
44 accounts at 15 banks and credit unions · checked Oct 5–22
- Typical
- 0.06%
- Top 10% from
- 1.20%
- Banks, typical
- 0.05%
- Credit unions, typical
- 0.10%
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Boston, MA-NH metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Hanscom Federal Credit UnionCredit union · 13 branches
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- The Village BankBank · 10 branches