Routing Number 211 385 653

IT'S GOOD TO SAVE

Savings Accounts for All Scenarios

Maybe you have specific savings goals. Maybe life’s thrown you a curveball. Maybe you just want a bit more of a safety net … Whatever your reason, it’s never too early to start saving and at Somerville’s we make it easy with smart options, great rates, and guidance every step of the way.

PRODUCT

Traditional Savings

GOOD FOR

Rainy day funds and back-up cash. Everybody needs a buffer.

YOUR ACCESS

Instant and painless—just the way accessing your cash should be.

RATE POTENTIAL

Competitive rates.

WHY GO FOR IT?

Because life happens.

PRODUCT

Money Market

GOOD FOR

People who want high yield returns without losing access to their cash.

YOUR ACCESS

Always accessible and flexible. Withdraw or transfer when you need to.

RATE POTENTIAL

Higher than traditional savings.

WHY GO FOR IT?

Savings growth with no commitment.

PRODUCT

Certificates

GOOD FOR

Savers with a set goal and a decent timeline to get there.

YOUR ACCESS

Your money’s locked for a term. Early access typically incurs a penalty.

RATE POTENTIAL

Often offer the highest non-retirement returns.

WHY GO FOR IT?

Bigger returns for medium patience.

PRODUCT

Individual Retirement Accounts (IRAs)

GOOD FOR

Folks with an eye on the end goals: Retirement.

YOUR ACCESS

Funds are meant to stay. This is a long-game account built for tomorrow.

RATE POTENTIAL

Compounding over time.

WHY GO FOR IT?

Earn for tomorrow with tax perks.

GET IN THE KNOW

Estate Planning

Saving money is an act of intention. It means you’re planning ahead, building security, and looking out for the people who matter most. So if you've done the hard yards and saved the dollars, what next? Estate planning helps you plan for the worst by providing the best.

Questions? Find Answers Here