Somerset Regal Bank

Business Savings

You work hard - so should your savings account. We have business savings solutions to help you meet your goals.

Business Money Market Account

An easy way to help with cash management.

  • Minimum opening balance $2,500
  • No minimum balance requirement
  • No monthly service charge
  • Earn a variable rate of interest that is compounded daily and credited to account monthly

Business Premium Money Market

Earn a competitive money market rate while maintaining total liquidity.

  • Account requires a $5,000 minimum opening deposit and a minimum balance of $5,000 to earn interest; subsequently, no minimum balance is required
  • Pays a higher rate than our Money Market account when you maintain a $5,000 balance
  • Account has no monthly service charge
  • Variable-rate account: the interest rate and annual percentage yield can change at any time at the Bank's discretion
  • Interest is compounded daily and credited to account monthly

Business Statement Savings

  • Minimum opening balance $10
  • No minimum balance requirement
  • No monthly service charge
  • Earn a variable-rate of interest on balances of $50 or more that is compounded daily and credited to the account monthly
  • Free eStatements

     

Stop by any branch office to learn more or to open an account today, or contact Monte Ehrenkranz at 973-716-0600.

Online Banking