Savings

Somerset Regal Bank offers a variety of savings accounts to fulfill all your long-term needs and services to complement your finances. Earn a competitive rate with a variety of perks and options with any one of our accounts.

Passbook Savings

• Open with as little as $10

• Interest earned on balances of $50 or more

• Interest is compounded daily and credited monthly

• Deposits and withdrawals can be made at any time without penalty

• All transactions are recorded in your passbook

Statement Savings

• Open with as little as $10

• Interest earned on balances of $50 or more

• Interest is compounded daily and credited monthly

• Transactions are recorded on a monthly statement

• Surcharge-free access to any ATM in the United States using your Visa^® Check Card 

• Free eStatements

• Electronic access to your funds through Online Banking, Mobile Banking, and your Visa^® Check Card 

Tiered Statement Savings

• Open with as little as $10

• Earns our highest Tiered Interest Rates

• Must also have a Somerset Regal Bank checking account

• Interest is compounded daily and credited monthly

• Surcharge-free access to any ATM in the United States using your Visa^® Check Card

• Free eStatements

• Electronic access to your funds through Online Banking, Mobile Banking, and your Visa^® Check Card

Money Market Account

• A deposit of $2,500 is required to open an account

• Earn a Money Market Interest Rate on your entire balance

• Interest is compounded daily and credited monthly

• No monthly maintenance fee

• Transactions are recorded on a monthly statement

• Free eStatements

• Electronic access to your funds through Online Banking, Mobile Banking, and your Visa^® Check Card

Premium Money Market Account

• Pays a higher rate than our Money Market account when you maintain a $5,000 balance

• A deposit of $5,000 is required to open the account

• Interest earned on balances of $5,000 or more

• Interest is compounded daily and credited to account monthly

• Account has no monthly service charge

• Free eStatements

• Electronic access to your funds through Online Banking, Mobile Banking, and your Visa^® Check Card

Certificates of Deposit

• Open with as little as $500

• Terms from 6 months to 60 months

• Competitive rates

• Rate is fixed for the term of the CD

• Automatic reinvestment at maturity

Open an Account

Individual Retirement Accounts (IRAs)

• Open with as little as $500

• Terms from 6 months to 60 months

• Competitive rates

• Rate is fixed for the term of the CD

• Contributions may be tax-deductible (consult your tax advisor)

• Automatic reinvestment at maturity

• Separately insured by the FDIC up to $250,000