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
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Open with as little as $10
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Interest earned on balances of $50 or more
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Interest is compounded daily and credited monthly
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Deposits and withdrawals can be made at any time without penalty
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All transactions are recorded in your passbook
Statement Savings
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Open with as little as $10
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Interest earned on balances of $50 or more
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Interest is compounded daily and credited monthly
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Unlimited deposit and in-person withdrawals; plus, up to 6 electronic funds transfers per statement cycle, including up to 3 point-of-sale transactions
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Transactions are recorded on a monthly statement
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Surcharge-free access to any ATM in the United States using your Visa® Check Card or ATM card
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Free eStatements
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Electronic access to your funds through Online Banking and Mobile Banking
Tiered Savings
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Open with as little as $10
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Earns our highest Tiered Interest Rates
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Must also have a Somerset Regal Bank checking account
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Interest is compounded daily and credited monthly
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Unlimited deposit and in-person withdrawals; plus, up to 6 electronic funds transfers per statement cycle, including up to 3 point-of-sale transactions
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Surcharge-free access to any ATM in the United States using your Visa® Check Card or ATM card
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Free eStatements
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Electronic access to your funds through Online Banking and Mobile Banking
Money Market
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A deposit of $2,500 is required to open an account
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Earn a Money Market Interest Rate on your entire balance
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No monthly maintenance fee
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Unlimited deposits and in-person withdrawals; plus, up to 6 electronic funds transfers per statement cycle, including up to 3 point-of-sale transactions, and up to 3 checks
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Transactions are recorded on a monthly statement
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Free eStatements
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Electronic access to your funds through Online Banking, Mobile Banking, and your Visa® Check Card
Premium Money Market
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Account requires a $5,000 minimum opening deposit and a minimum balance of $5,000 to earn interest; subsequently, no minimum balance is required
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Pays a higher rate than our Money Market account when you maintain a $5,000 balance
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Account has no monthly service charge
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Variable-rate account: the interest rate and annual percentage yield can change at any time at the Bank's discretion
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Interest is compounded daily and credited to account monthly
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Unlimited deposits and in-person withdrawals; plus, up to 6 electronic funds transfers per statement cycle, including up to 3 point-of-sale transactions, and up to 3 checks
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Free eStatements
Certificates of Deposit
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Open with as little as $500
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Terms from 6 months to 60 months
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Competitive rates
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Rate is fixed for the term of the CD
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Automatic reinvestment at maturity
Individual Retirement Accounts (IRAs)
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Open with as little as $500
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Terms from 6 months to 60 months
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Competitive rates
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Rate is fixed for the term of the CD
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Contributions may be tax-deductible (consult your tax advisor)
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Automatic reinvestment at maturity
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Separately insured by the FDIC up to $250,000