Current 6-Month CD Rates in Somerville, MA
Given the volatility of the stock market, many people are turning to safer methods of saving money. One such method is investing in CDs. If you find a great CD rate in Somerville, you can save quite a bit of money and help you and your family achieve your financial goals.
How do you determine what a good CD rate is? It takes a bit of research, but Somerville Banking Rates is here to bring you all the information you need to find out.
Let’s begin with the average rate for your location. Somerville Banking Rates compiles rates data from within a 50-mile radius of Somerville and the following is a breakdown of that information to help you locate the best six-month CD rates near you.
Six Month CD Rates in Somerville Today
There are currently 20 six-month CD accounts available within a 50-mile radius of Somerville. Among those accounts, the following is a breakdown of how their interest rates stack up:
Highest 6-month CD rate in Somerville
Institution for Savings: 1.01% APY
Lowest Somerville 6-month CD rate
Cambridge Savings Bank: 0.05% APY
Average 6-month CD rate in Somerville
The average interest rate for six month CDs is 0.57% APY.
The average in rate in Somerville can serve as a benchmark for comparing the rest of the local interest rates you find. Rates close to or more than the average in your city are competitive offers.
NOTE: These rates are accurate as of 4/12/11 but are subject to change at any time in the future. The most up-to-date 6-month CD rates can be found at our Somerville 6-Month CD page.
