Somerset Savings Bank CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

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Today's 12-month CD rates can be found at 3.23%, 6-month CD rates at 2.50% and 3-month CD rates at 0.50%. Current savings rates are at 2.05% and money market rates are at 1.51%. Mortgage rates today on 30-year fixed loans are around 7.12%. Credit Card rates are at 29.99%. Personal Loan rates are at 9.00%. All these rates, and more, can be found in our database of rates. Somerset Savings Bank's 60-Month CD rates are at 0.55%, 48-Month CD rates are at 0.40%, 36-Month CD rates are at 0.35%, 24-Month CD rates are at 0.25%, 18-Month CD rates are at 0.20%. Somerset Savings Bank's savings rates are at 0.05%. Somerset Savings Bank's money market rates are at 4.08%. Somerset Savings Bank's 5/1 ARM rates are at 6.25%, 30-Year Fixed Jumbo rates are at 7.00%, 30-Year Fixed rates are at 6.88%, 15-Year Fixed rates are at 6.38%.

Somerset Savings Bank

To see how these rates compare to Somerset Savings Bank CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from Somerset Savings Bank, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with Somerset Savings Bank CD rates. You can also compare Somerset Savings Bank savings rates, MMA rates and mortgage rates using our other rate lists.

Somerset Savings Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Somerset Savings Bank? Share your experience about Somerset Savings Bank by leaving a review below, or read customer reviews before you decide to use Somerset Savings Bank.

Somerset Savings Bank Texas Ratio

Somerset Savings Bank's Texas Ratio is at 0.00%, which is considered excellent. The Texas Ratio for Somerset Savings Bank is lower than the national average of all banks, currently at 6.24%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing.

Overall, Somerset Savings Bank is an excellent bank worth considering, with an overall rating of 4 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
0.20%
18-Month CD
0.20%
24-Month CD
0.25%
36-Month CD
0.35%
48-Month CD
0.40%
60-Month CD
0.55%
Savings
0.05%
MMA
4.08%
30-Year Fixed
7.02%
Credit Card
N/A
Personal Loan
N/A
Somerset Savings Bank
220 W Union Ave
Bound Brook, NJ 08805
Member FDIC
MonitorBankRates' Rating
4/5
★★★★☆

Somerset Savings Bank CD Rates and Interest Rates

Bank
Product
APY
Min Dep
Somerset Savings Bank
Somerset Savings Bank
Premier Money Market
4.08%
$5,000
Somerset Savings Bank
Somerset Savings Bank
60-Month CD
0.55%
$500
Somerset Savings Bank
Somerset Savings Bank
48-Month CD
0.40%
$500
Somerset Savings Bank
Somerset Savings Bank
36-Month CD
0.35%
$500
Somerset Savings Bank
Somerset Savings Bank
24-Month CD
0.25%
$500
Somerset Savings Bank
Somerset Savings Bank
18-Month CD
0.20%
$500
Somerset Savings Bank
Somerset Savings Bank
12-Month CD
0.20%
$500
Somerset Savings Bank
Somerset Savings Bank
Passbook Savings
0.05%
$10
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Somerset Savings Bank Mortgage Rates

Lender
Product
Rate
APR
Points
Somerset Savings Bank
Somerset Savings Bank
15-Year Fixed
6.375%
6.689%
0.000
Somerset Savings Bank
Somerset Savings Bank
30-Year Fixed
6.875%
7.015%
0.000
Somerset Savings Bank
Somerset Savings Bank
30-Year Fixed Jumbo
7.000%
7.023%
0.000
Somerset Savings Bank
Somerset Savings Bank
5/1 ARM
6.250%
7.341%
0.000

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Compare Somerset Savings Bank Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
First Federal S&L of Greene Co
First Federal S&L of Greene Co
12-Month CD
4.81%
$500
The Harrison B&L Assoc.
The Harrison B&L Assoc.
9-Month CD
4.78%
$2,500
New Market Bank
New Market Bank
7-Month CD
4.54%
$500
Gunnison S&L
Gunnison S&L
48-Month CD
4.09%
$1
Alliance Community Bank
Alliance Community Bank
30-Month CD
4.07%
$1,000
Freedom Bank of Southern Missouri
Freedom Bank of Southern Missouri
3-Month CD
4.05%
$1,000
Seasons Federal Credit Union
Seasons Federal Credit Union
24-Month CD
4.00%
$1,000
Harford Bank
Harford Bank
12-Month CD
4.00%
$1,000
Teachers Federal Credit Union
Teachers Federal Credit Union
24-Month CD (Certificate)
3.92%
$1,000
ABNB Federal Credit Union
ABNB Federal Credit Union
60-Month CD certificate
3.25%
$1,000
Community State Bank Starke, FL
Community State Bank Starke, FL
24-Month CD
3.05%
$1,000
Commerce Bank & Trust
Commerce Bank & Trust
36-Month CD
3.04%
$500
Kitsap Bank
Kitsap Bank
60-Month CD
2.95%
$5,000
Cendera Bank
Cendera Bank
24-Month CD
2.94%
$1,000
Touchmark Bank
Touchmark Bank
Platinum Money Market
2.80%
$250,000
Patriot Bank N.A.
Patriot Bank N.A.
60-Month CD
2.74%
$500
First Federal S&L Newark, OH
First Federal S&L Newark, OH
24-Month CD
2.51%
$50
Range Bank
Range Bank
12-Month CD
2.50%
$1,000
State Bank of India US
State Bank of India US
36-Month CD
2.27%
$1,000
First National Bank of Clarksdale
First National Bank of Clarksdale
Now Account Checking
2.25%
$1,000
Ladysmith Federal S&L
36-Month CD
2.12%
$1,000
Fairview State Banking Company
Fairview State Banking Company
18-Month CD
2.12%
$2,500
Warren-Boynton State Bank
Warren-Boynton State Bank
18-Month CD
2.11%
$1,000
National Exchange Bank and Trust
National Exchange Bank and Trust
36-Month CD
1.95%
$1,000
MountainOne Bank
MountainOne Bank
48-Month CD
1.85%
$1,000
Northern Interstate Bank, N. A.
Northern Interstate Bank, N. A.
Choice Money Market
1.76%
$250,000
NASA Federal Credit Union
NASA Federal Credit Union
Premier Money Market
1.75%
$10,000
Pioneer Community Bank, Inc.
Pioneer Community Bank, Inc.
18-Month CD
1.51%
$1,000
Town & Country Bank Salem, MO
Town & Country Bank Salem, MO
Premium Gold Money Market
1.42%
$100,000
Security Bank of Southwest Missouri
Security Bank of Southwest Missouri
24-Month CD
1.36%
$1,000
CNB Bank Berkeley Springs, WV
CNB Bank Berkeley Springs, WV
12-Month CD
1.25%
$500
Liberty Bank Liberty, IL
Liberty Bank Liberty, IL
18-Month CD
1.25%
$500
Palo Savings Bank
18-Month CD
1.00%
$1,000
The Bank of Brodhead
The Bank of Brodhead
36-Month CD
1.00%
$500
Hyperion Bank
Hyperion Bank
6-Month CD
0.95%
$500
United Savings Bank Philadelphia, PA
United Savings Bank Philadelphia, PA
60-Month CD
0.70%
$1,000
Kitsap Bank
Kitsap Bank
Money Market Plus
0.65%
$100,000
PyraMax Bank
PyraMax Bank
60-Month CD
0.60%
$1,000
Atkins Savings B&T
Atkins Savings B&T
Passbook Savings
0.50%
$25
Farmers State Bank of Alto Pass, Ill.
Farmers State Bank of Alto Pass, Ill.
24-Month CD
0.40%
$1,000
Crest Savings Bank
Crest Savings Bank
60-Month CD
0.40%
$500
Parke Bank
Parke Bank
Passbook Savings
0.35%
$100
Dime Bank
Dime Bank
48-Month CD
0.30%
$500
Washington Financial Bank
Washington Financial Bank
12-Month CD
0.20%
$500
Root River State Bank
Root River State Bank
Heritage Interest Checking
0.20%
$200
First Community Bank of Hillsboro
First Community Bank of Hillsboro
6-Month CD
0.15%
$1,000
Westmoreland Federal S&L
Westmoreland Federal S&L
Passbook Savings
0.15%
$10
First Community Bank Batesville, AR
First Community Bank Batesville, AR
Interest Checking
0.07%
$100
First Commonwealth Bank
First Commonwealth Bank
12-Month CD
0.05%
$500
The Harrison B&L Assoc.
The Harrison B&L Assoc.
Passbook Savings
0.01%
$50
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Somerset Savings Bank Mortgage Rates

Lender
Product
Rate
APR
Points
4.990%
5.287%
0.500
5.500%
5.614%
0.000
5.500%
5.716%
0.500
5.625%
5.777%
0.500
5.500%
5.820%
0.000
5.750%
5.834%
0.000
5.500%
5.868%
2.000
5.750%
5.883%
0.500
5.750%
5.886%
0.000
6.000%
5.892%
0.000
15-Year Fixed
5.750%
5.910%
0.000
5.870%
5.970%
0.000
15-Year Fixed Jumbo
5.875%
5.970%
0.000
5.950%
5.998%
0.000
6.000%
6.043%
0.000
15 Year Fixed
5.750%
6.046%
1.000
6.000%
6.056%
0.000
10-Year Power Rate Fixed
5.750%
6.068%
0.000
5.875%
6.071%
0.250
5.875%
6.079%
1.000
6.000%
6.084%
0.000
6.000%
6.084%
0.000
15-Year Power Rate Fixed
5.875%
6.101%
0.000
6.000%
6.121%
0.000
5.875%
6.121%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Somerset Savings Bank Information

Somerset Savings Bank
220 W Union Ave
Bound Brook, NJ 08805
Somerset
Established Date: 01/01/1887
FDIC Certificate #: 28778
Date of FDIC Deposit Insurance: 06/04/1957
How Many Domestic U.S. Offices? 7
How Many Branches are There? 7
Is Somerset Savings Bank FDIC Insured? Yes
What is Somerset Savings Bank's Cert number? 28778
What is the maximum amount for insured deposits? $250,000 per holder, per account

Somerset Savings Bank Financials

Total Assets:
$664,870,000
Total Deposits:
$521,471,000
Equity Capital:
$119,057,000
Domestic Deposits:
$521,471,000
Net Income:
$259,000
Return on Assets:
0.3001%
Quarterly Return on Assets:
0.1600%
Pretax Return on Assets:
0.1656%
Pretax Quarterly Return on Assets:
0.1700%
Return on Equity:
1.6300%
Quarterly Return on Equity:
0.8700%
Leverage Tier 1 (Core Capital) Ratio:
19.4191%
Total Interest Income (YTD):
2.3346%
 
 
Headquarters:
Bound Brook
FDIC Field Office:
Jamesburg
Regulator:
FDIC
County:
Somerset
# of Offices:
7
Metropolitan Statistical Area (MSA):
New York-Newark-Jersey City, NY-NJ-PA
Consolidated Metropolitan Statistical Area (CMSA):
New York-Northern New Jersey-Long Island, NY-NJ-CT-PA
OTS Region:
Northeast
FDIC Region:
New York
Source: FDIC

Explore Other Rate Deals

Does recent economic news point to an underlying current of slowing economic growth? Yesterday the Labor Department said U.S. producer prices recorded the sharpest fall in over 3 years by falling 0.3 percent as a result of tumbling oil prices.

Live Oak Bank CD rates were recently lowered but this bank's rates are still very competitive. Live Oak Bank is an Internet based bank headquartered in Wilmington, North Carolina. Live Oak Bank is a subsidiary of Live Oak Bancshares, Inc., a publicly traded company on NASDAQ, ticker symbol  LOB.

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