Somerville, Massachusetts (MA) Savings Rates - March 2026
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Editorial Disclosure
The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Somerville, Massachusetts and the surrounding area include PNC BankPNC Bank405 Grand Union Blvd, Somerville, MA 02145A5.0 ★Texas Ratio: 6.83% PNC High Yield Savings® at 3.25% APY, Rockland TrustRockland Trust399 Highland Ave, Somerville, MA 02144A+5.0 ★Texas Ratio: 1.37% Complete Business Money Market Savings at 0.55% APY, Middlesex Federal SavingsMiddlesex Federal Savings1 College Ave, Somerville, MA 02144A+5.0 ★Texas Ratio: 0.50% eStatement Savings at 0.40% APY, River Works Credit UnionRiver Works Credit Union493 Somerville Ave, Somerville, MA 02143A5.0 ★Texas Ratio: 7.57% IRA Accumulator Savings at 0.30% APY, and Naveo Credit UnionNaveo Credit Union493 Somerville Ave, Somerville, MA 02143A+5.0 ★Texas Ratio: 3.91% Business Savings at 0.20% APY. Savings rates as of March 28, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Somerville, Massachusetts, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Somerville, Massachusetts (MA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Somerville, Massachusetts and the surrounding area. Last Updated and Verified: March 28, 2026
Compare the Best Savings Rates in Somerville, Massachusetts & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
405 Grand Union Blvd, Somerville, MA 02145
PNC High Yield Savings®
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Complete Business Money Market Savings
0.55%
$25
▼
Rate0.55%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Money Market Savings
0.55%
$25
▼
Rate0.55%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Complete Business Money Market Savings
0.50%
$25
▼
Rate0.50%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Money Market Savings
0.50%
$25
▼
Rate0.50%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Complete Business Money Market Savings
0.45%
$25
▼
Rate0.45%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Middlesex Federal Savings
Institution Rating:
A+5.0 ★Texas Ratio: 0.50%
1 College Ave, Somerville, MA 02144
eStatement Savings
0.40%
$50
▼
Rate0.40%
Min Deposit$50
Min Balance—
UpdatedMar 28, 2026
Details
Middlesex Federal Savings
Institution Rating:
A+5.0 ★Texas Ratio: 0.50%
1 College Ave, Somerville, MA 02144
IRA Passbook Savings
0.40%
$50
▼
Rate0.40%
Min Deposit$50
Min Balance—
UpdatedMar 28, 2026
Details
Middlesex Federal Savings
Institution Rating:
A+5.0 ★Texas Ratio: 0.50%
1 College Ave, Somerville, MA 02144
Statement Savings
0.40%
$50
▼
Rate0.40%
Min Deposit$50
Min Balance—
UpdatedMar 28, 2026
Details
River Works Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.57%
493 Somerville Ave, Somerville, MA 02143
IRA Accumulator Savings
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Complete Business Money Market Savings
0.25%
$25
▼
Rate0.25%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Money Market Savings
0.20%
$25
▼
Rate0.20%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Naveo Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.91%
493 Somerville Ave, Somerville, MA 02143
Business Savings
0.20%
$5
▼
Rate0.20%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Naveo Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.91%
493 Somerville Ave, Somerville, MA 02143
Tenant Security Savings
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Naveo Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.91%
493 Somerville Ave, Somerville, MA 02143
Statement Savings
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Naveo Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.91%
493 Somerville Ave, Somerville, MA 02143
Credit Journey Savings*
0.10%
$500
▼
Rate0.10%
Min Deposit$500
Min Balance—
UpdatedMar 24, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Money Market Savings
0.05%
$25
▼
Rate0.05%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Community Credit Union Of Lynn
Institution Rating:
A-5.0 ★Texas Ratio: 14.06%
377 Summer St, Somerville, MA 02144
Statement Savings/Club A/C's
0.05%
$25
▼
Rate0.05%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Community Credit Union Of Lynn
Institution Rating:
A-5.0 ★Texas Ratio: 14.06%
377 Summer St, Somerville, MA 02144
Business Savings Account
0.05%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
River Works Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.57%
493 Somerville Ave, Somerville, MA 02143
Share Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Complete Business Money Market Savings
0.05%
$25
▼
Rate0.05%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
405 Grand Union Blvd, Somerville, MA 02145
Standard Savings
0.03%
$0
▼
Rate0.03%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Community Credit Union Of Lynn
Institution Rating:
A-5.0 ★Texas Ratio: 14.06%
377 Summer St, Somerville, MA 02144
Passbook Savings
0.02%
$25
▼
Rate0.02%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
(Grandfathered)
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
405 Grand Union Blvd, Somerville, MA 02145
Standard Savings
0.02%
$0
▼
Rate0.02%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Free Savings
0.01%
$10
▼
Rate0.01%
Min Deposit$10
Min Balance—
UpdatedMar 28, 2026
Details
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
102 Fellsway W, Somerville, MA 02145
Statement Savings
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Rockland Trust
Institution Rating:
A+5.0 ★Texas Ratio: 1.37%
399 Highland Ave, Somerville, MA 02144
Complete Business Money Market Savings
0.01%
$25
▼
Rate0.01%
Min Deposit$25
Min Balance—
UpdatedMar 28, 2026
Details
Naveo Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.91%
493 Somerville Ave, Somerville, MA 02143
Safe Savings
0.00%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Service Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.03%
199 Worcester Ct, Falmouth, MA 02540
Deployed Warrior Savings
10.00%
$0
▼
Rate9.57%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Lowell Firefighters Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
642 Chelmsford St, Lowell, MA 01851
Savings Club for Kids
8.00%
$0
▼
Rate8.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Jeanne D Arc Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.81%
581 Merrimack St, Lowell, MA 01854 3908
Savings Account
8.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Service Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.03%
199 Worcester Ct, Falmouth, MA 02540
Primary Savings Account
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
MASS INSTITUTE OF TECH
Institution Rating:
B+4.7 ★Texas Ratio: 18.63%
70 Westview St, Lexington, MA 02421 3142
Starter Savings
5.00%
$0
▼
Rate4.88%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Qualifying balance up to $2,000.00
Cape Cod Five Cents Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.90%
1500 Iyannough Rd, Hyannis, MA 02601
SaveUp Companion Savings*
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $9,999.99
Dedham Institution for Savings
Institution Rating:
A5.0 ★Texas Ratio: 6.25%
55 Elm St, Dedham, MA 02026
Start Up Savings
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $1,000.00
Leader Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.18%
141 Massachusetts Ave, Arlington, MA 02474
Zeugma Plus Savings
4.75%
$0
▼
Rate4.65%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Qualifying balances of $250,000 or less only
MutualOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.37%
828 Concord St, Framingham, MA 01701
Mo Premium Savings
4.07%
$0
▼
Rate4.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
282 Providence Hwy, Westwood, MA 02090
Personal Share Draft
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Qualifying balance up to $25,000.00
Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
282 Providence Hwy, Westwood, MA 02090
High Dividend Share Draft
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Qualifying balance up to $25,000.00
LendingClub
Institution Rating:
A5.0 ★Texas Ratio: 6.13%
1 Harbor St, Boston, MA 02210
LevelUp Savings account
4.00%
$250
▼
Rate0.00%
Min Deposit$250
Min Balance—
UpdatedMar 27, 2026
Details
LevelUp Rate is applied to the full balance of LevelUp Savings accounts that receive a total of at least $250 in deposits during the Evaluation Period.
LendingClub
Institution Rating:
A5.0 ★Texas Ratio: 6.13%
1 Harbor St, Boston, MA 02210
LevelUp Savings
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Earn 10x the National Average2
Lee Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.10%
75 Park St, Lee, MA 01238
EMPOWER Rewards Savings
4.00%
$10
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMar 27, 2026
Details
Qualifications Required: Have at least 30 debit card purchases post and settle your account; Have at least 1 direct deposit or automatic payment (ACH) post and settle; Be enrolled in and agree to receive eStatements; Qualifying balance up to $25,000.00; Links to [EMPOWER Rewards Checking](https://www.leebank.com/personal/personal-checking/empower-rewards-checking.html)
BankProv
Institution Rating:
A5.0 ★Texas Ratio: 10.50%
5 Market St, Amesbury, MA 01913
Goal Getter Savings
4.00%
$10
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMar 18, 2026
Details
Qualifying balance up to $10,000
Needham Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.75%
5 Market St, Amesbury, MA 01913
GoalGetter Savings
4.00%
$10
▼
Rate3.93%
Min Deposit$10
Min Balance—
UpdatedMar 28, 2026
Details
Qualifying balance up to $10,000.00
Bank5 Connect
Institution Rating:
A+5.0 ★Texas Ratio: 1.34%
160 County St, New Bedford, MA 02740
Jumbo Savings
3.65%
$25,000
▼
Rate3.59%
Min Deposit$25,000
Min Balance—
UpdatedMar 25, 2026
Details
Liberty Bank Middletown, CT
Institution Rating:
A+5.0 ★Texas Ratio: 5.26%
94 Shaker Road, East Longmeadow, MA 01028
Relationship High Yield Savings
3.60%
$0
▼
Rate3.54%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
bump up for PayBackSM or Quarter Back® customers
Direct Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.76%
50 Cabot St, Needham, MA 02494
High-Yield Savings
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
NEW MONEY ONLY
Liberty Bay Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.15%
300 Granite St Fl 3, Braintree, MA 02184 3909
High Yield Savings
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
High Yield Savings5
Direct Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.76%
50 Cabot St, Needham, MA 02494
High-Yield Savings
3.30%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Rockland Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.47%
241 Union St, Rockland, MA 02370
RockFed High Yield Savings
3.10%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMar 11, 2026
Details
IC Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.06%
300 Bemis Rd, Fitchburg, MA 01420
High-Yield Savings
3.04%
$0
▼
Rate2.99%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Available to consumers only. New money is welcome but not required.
Workers Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.04%
815 Main St, Fitchburg, MA 01420
Advantage Savings
3.00%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 22, 2026
Details
Membership account; No monthly service charge
Workers Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.04%
815 Main St, Fitchburg, MA 01420
Advantage Savings Account
3.00%
$5
▼
Rate2.96%
Min Deposit$5
Min Balance—
UpdatedMar 22, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
100 Boston Scientific Way, Marlborough, MA 01752
SafeGuard Savings, Consumer
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
100 Boston Scientific Way, Marlborough, MA 01752
SafeGuard Savings, Municipal
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
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The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Somerville, MA Savings Rate Trends
Compare local Somerville, MA savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — MA Avg
1.589%
▼ 1.480 from last week
Massachusetts high-yield savings rates fell 1.480 points this week to 1.589% APY, down from 3.069% last week.
Standard Savings — MA Avg
0.368%
▲ 0.283 from last week
Massachusetts standard savings rates rose 0.283 points this week to 0.368% APY, up from 0.086% last week.
As of Mar 28, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Somerville, Massachusetts directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Somerville, Massachusetts. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Somerville, Massachusetts
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Massachusetts, help your money grow faster through a higher APY.
Are savings accounts in Somerville, Massachusetts safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Massachusetts up to $250,000 per depositor, per institution.
How often do savings rates change in Somerville, Massachusetts?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Massachusetts rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Somerville, Massachusetts may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Somerville, Massachusetts?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Somerville, Massachusetts offer in-person customer service, which some customers prefer.
How do I open a savings account in Somerville, Massachusetts?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Somerville, Massachusetts
Here are recent savings rates observed in Somerville, Massachusetts and the surrounding area:
- PNC Bank
PNC High Yield Savings® — 3.25% APY - Rockland Trust
Complete Business Money Market Savings — 0.55% APY - Middlesex Federal Savings
eStatement Savings — 0.40% APY - River Works Credit Union
IRA Accumulator Savings — 0.30% APY - Naveo Credit Union
Business Savings — 0.20% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Somerville, Massachusetts. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 28, 2026
