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Desposit Rates

Checking Accounts

ProductRate*APY**Minimum Balance to OpenMinimum Daily Balance to Earn APY
Effective 04/13/2016
* Rates subject to change without notice.
** Annual Percentage Yield. Fees may reduce earnings.
NOW Checking Account0.02%0.02%$400.00$15.00
0.04%0.04%$1,000.00
0.07%0.07%$2,500.00

Kasasa Cash CheckingRate*APY**Minimum Balance to OpenMinimum Daily Balance to Earn APY
Must meet requirements (see additional info)
Balances up to $20,0001.98%2.00%$25.00$0.00
On amounts exceeding $20,0000.50%0.50%$20,000.00

Savings Accounts

ProductRate*APY**Minimum Balance to OpenMinimum Daily Balance to Earn APY
Statement Savings/Club A/C's0.05%0.05%$25.00$25.00
0.10%0.10%$25,000.00
Passbook Savings0.05%0.05%$25.00$25.00
0.10%0.10%$25,000.00

 

Money Market Accounts

ProductRate*APY**Minimum Balance to OpenMinimum Daily Balance to Earn APY
Money Market Deposit Account
(MMDA)***
0.03%0.03%$1,000.00$25.00
0.10%0.10%$2,500.00
0.15%0.15%$10,000.00
0.20%0.20%$25,000.00
Community First Money Market
(CFMM)***
0.07%0.07%$10,000.00$25.00
0.15%0.15%$10,000.00
0.20%0.20%$25,000.00
1.50%1.51%$100,000.00

 

Certificates

TermRate*APY**Minimum Balance to OpenMinimum Daily Balance to Earn APY
Effective: 03/16/2018
*Rates subject to change without notice.
** Annual Percentage Yield.
***Transaction limitations apply.
****Substantial penalty for early withdrawal; All CD rates apply to IRA's except for the 7, 9, 4, 11, 13, and 15 mo certificates - not presently available.
***** Personal Community First MMDA available only with a checking account > $1,000 balance/direct deposit at the time of opening. Fees may reduce earnings.
3 Months0.15%0.15%$1,000.00$1,000.00
4 Months0.10%0.10%$1,000.00$1,000.00
6 Months0.20%0.20%$1,000.00$1,000.00
7 Months0.10%0.10%$1,000.00$1,000.00
9 Months0.50%0.50%$1,000.00$1,000.00
10 Months0.25%0.25%$1,000.00$1,000.00
11 Months0.45%0.45%$1,000.00$1,000.00
12 Months0.75%0.75%$1,000.00$1,000.00
13 Months0.45%0.45%$1,000.00$1,000.00
14 Months0.60%0.60%$1,000.00$1,000.00
15 Months0.85%0.85%$1,000.00$1,000.00
15 Months (Somerville Special)1.15%1.16%$1,000.00$1,000.00
16 Months0.40%0.40%$1,000.00$1,000.00
18 Months0.80%0.80%$1,000.00$1,000.00
20 Months1.15%1.15%$1,000.00$1,000.00
24 Months1.00%1.00%$1,000.00$1,000.00
36 Months1.20%1.20%$1,000.00$1,000.00
40 Months1.35%1.35%$1,000.00$1,000.00
48 Months1.25%1.25%$1,000.00$1,000.00

 

Retirement Accounts

TermRate*APY**Minimum Balance to OpenMinimum Daily Balance to Earn APY
Effective: 03/16/2018
*Rates subject to change without notice.
** Annual Percentage Yield.
***Transaction limitations apply.
****Substantial penalty for early withdrawal; All CD rates apply to IRA's except for the 7, 9, 4, 11, 13, and 15 mo certificates - not presently available.
***** Personal Community First MMDA available only with a checking account > $1,000 balance/direct deposit at the time of opening. Fees may reduce earnings.
3 Months0.15%0.15%$500.00$500.00
6 Months0.20%0.20%$500.00$500.00
12 Months0.75%0.75%$500.00$500.00
14 Months0.60%0.60%$500.00$500.00
18 Months0.80%0.80%$500.00$500.00
20 Months1.15%1.15%$500.00$500.00
24 Months1.00%1.00%$500.00$500.00
36 Months1.20%1.20%$500.00$500.00
40 Months1.35%1.35%$500.00$500.00
48 Months1.25%1.26%$500.00$500.00
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