Somerset Regal Bank

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

  • Unlimited deposit and in-person withdrawals; plus, up to 6 electronic funds transfers per statement cycle, including up to 3 point-of-sale transactions

  • Transactions are recorded on a monthly statement

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

  • Free eStatements

  • Electronic access to your funds through Online Banking and Mobile Banking

Tiered 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

  • Unlimited deposit and in-person withdrawals; plus, up to 6 electronic funds transfers per statement cycle, including up to 3 point-of-sale transactions

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

  • Free eStatements

  • Electronic access to your funds through Online Banking and Mobile Banking

Money Market

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

  • Earn a Money Market Interest Rate on your entire balance

  • No monthly maintenance fee

  • 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

  • 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 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

  • 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

  • Free eStatements

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