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

Today's 12-month CD rates can be found at 2.00%, 6-month CD rates at 0.10% and 3-month CD rates at 0.10%. Current savings rates are at 0.73% and money market rates are at 0.25%. Mortgage rates today on 30-year fixed loans are around 7.65%. Credit Card rates are at 8.90%. Personal Loan rates are at 7.00%. 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 3.56%. Somerset Savings Bank's 5/1 ARM rates are at 5.88%, 30-Year Fixed rates are at 6.38%, 15-Year Fixed rates are at 6.00%.

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 0.08%, which is considered excellent. The Texas Ratio for Somerset Savings Bank is lower than the national average of all banks, currently at 6.13%. 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%

2.56%

18-Month CD

0.20%

2.29%

24-Month CD

0.25%

2.29%

36-Month CD

0.35%

2.21%

48-Month CD

0.40%

2.14%

60-Month CD

0.55%

2.26%

Savings

0.05%

0.65%

MMA

3.56%

1.04%

30-Year Fixed

6.51%

6.63%

Credit Card

N/A

14.10%

Personal Loan

N/A

11.27%

Somerset Savings Bank

220 W Union Ave
Bound Brook, NJ 08805

https://www.somersetsavings.com

MonitorBankRates' Rating

4/5

★★★★☆

Review Somerset Savings Bank

Somerset Savings Bank CD Rates and Interest Rates

Somerset Savings Bank

Premier Money Market

3.56%

$5,000

Somerset Savings Bank

60-Month CD

0.55%

$500

Somerset Savings Bank

48-Month CD

0.40%

$500

Somerset Savings Bank

36-Month CD

0.35%

$500

Somerset Savings Bank

24-Month CD

0.25%

$500

Somerset Savings Bank

18-Month CD

0.20%

$500

Somerset Savings Bank

12-Month CD

0.20%

$500

Somerset Savings Bank

Passbook Savings

0.05%

$10

Disclaimer

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

Somerset Savings Bank

15-Year Fixed

6.000%

6.222%

0.000

Somerset Savings Bank

30-Year Fixed

6.375%

6.511%

0.000

Somerset Savings Bank

5/1 ARM

5.875%

6.608%

0.000

Disclaimer

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

Linkbank

10-Month CD

4.50%

$500

Vibrant Credit Union

Preferred Savings

4.50%

Rising Bank

12-Month CD

4.25%

$1,000

Morgan Stanley

6-Month CD

4.24%

$1,000

University First Federal Credit Union

48-Month CD

4.15%

$500

First State Bank of Harvey

6-Month CD

4.14%

$1,000

Exchange Bank of Alabama

12-Month CD

4.09%

$1,000

American Bank

48-Month CD

4.00%

$500

Abington Bank

6-Month CD

4.00%

$1,000

Heritage Bank Minnesota

18-Month CD

3.85%

$250

Riverland Bank

48-Month CD

3.80%

$1,000

Riverside Bank of Dublin

36-Month CD

3.60%

$500

Citizens State Bank Somerville, TX

12-Month CD

3.40%

$1,000

Bank of Edmonson County

18-Month CD

3.30%

$500

DCU Digital Federal Credit Union

30-Month CD

3.25%

$500

Arundel Federal Savings Bank

24-Month CD

3.15%

$1,000

Minnwest Bank

Investment Savings

3.04%

$500,000

BLC Community Bank

18-Month CD

3.00%

$2,500

Jarrettsville Federal S&L

72-Month CD

3.00%

$500

Bank Forward

30-Month CD

3.00%

$500

Nebraska State Bank and Trust Company

18-Month CD

3.00%

$500

1st Northern California Credit Union

24-Month CD

2.79%

$1,000

Marquette Savings Bank

36-Month CD

2.78%

$500

Longview Bank

3-Month CD

2.75%

$500

Farm Bureau Bank FSB

FB Plus Money Market

2.50%

$1,000,000

International Bank of Chicago

Money Market

2.35%

$2,500

Van Wert Federal Savings Bank

60-Month CD

2.27%

$1,000

Kanza Bank

36-Month CD

2.25%

$1,000

Methuen Co-operative Bank

36-Month CD

2.00%

$1,000

Pittsfield Co-operative Bank

48-Month CD

2.00%

$500

Hingham Institution for Savings

24-Month CD

1.75%

$1,000

Washington State Bank Washington, IA

24-Month CD

1.61%

$500

Bank of Stronghurst

24-Month CD

1.15%

$500

Farmers State Bank Lake View, IA

Passbook Savings

1.00%

$100

The Bank of Brodhead

12-Month CD

1.00%

$500

A & S Federal Credit Union

6-Month CD

1.00%

$5,000

Heritage Bank of the Ozarks

Neighbor Rewards Savings

0.75%

Associated Bank

Associated Relationship Savings

0.50%

$10,000

Salem Five Direct

60-Month CD

0.50%

$500

Citizens State Bank Cadott, WI

48-Month CD

0.45%

$1,000

Century Bank and Trust GA

Business Money Market

0.45%

$2,500

Huntington FSB

48-Month CD

0.40%

$500

Hometown Bank of PA

24-Month CD

0.35%

$1,000

StonehamBank

12-Month CD

0.35%

$1,000

BankWest Of Kansas

Money Market

0.25%

$10,000

Capital Bank TX

Savings

0.25%

$100

Greenville National Bank

30-Month CD

0.25%

$1,000

Farmers State Bank (Marion, IA)

Money Market

0.20%

$1,000

GSL Savings Bank

NOW Checking

0.15%

$100

Teachers Federal Credit Union

Business Money Market

0.10%

$2,500

Disclaimer

Somerset Savings Bank Mortgage Rates

1st Northern California Credit Union

7-Year Fixed

3.990%

4.357%

0.750

1st Northern California Credit Union

10-Year Fixed

4.250%

4.514%

0.750

1st Northern California Credit Union

15-Year Fixed

4.500%

4.685%

0.750

Catskill Hudson Bank

15-Year Fixed

5.125%

5.243%

0.625

Americas First Federal Credit Union

15-Year Fixed

5.560%

5.250%

0.000

Lakewood Credit Union

15 Year Fixed

5.300%

5.390%

0.000

Sikorsky Credit Union

15-Year Fixed

5.375%

5.431%

0.000

DCU Digital Federal Credit Union

10-Year Fixed

5.125%

5.447%

1.125

Navy Federal Credit Union

15-Year Fixed

5.250%

5.482%

0.500

Pioneer Federal Credit Union

15-Year Fixed

5.250%

5.491%

0.000

Piedmont Advantage Credit Union

15-Year Fixed

5.250%

5.506%

0.000

Pittsford Federal Credit Union

15-Year Fixed

5.375%

5.507%

0.000

State Employees Credit Union

10-Year Fixed

5.300%

5.518%

0.000

North Carolina Press Association Federal Credit Union

10 Year Fixed

5.300%

5.518%

0.000

1st Northern California Credit Union

15-Year Fixed (Jumbo)

5.375%

5.525%

0.750

Abound Federal Credit Union

15-Year Fixed Jumbo

5.500%

5.526%

0.000

Pittsford Federal Credit Union

10-Year Fixed

5.375%

5.563%

0.000

First FSB of Champaign Urbana

10-Year Fixed

5.500%

5.569%

0.000

Nuvision Federal Credit Union

15-Year Fixed

5.250%

5.570%

1.250

DCU Digital Federal Credit Union

15-Year Fixed

5.375%

5.582%

1.000

Mutual Security Credit Union

5/1 ARM

5.500%

5.614%

0.000

Hawaii State Federal Credit Union

15 Year Fixed

5.250%

5.615%

1.750

Hatboro Federal Savings

15-Year Fixed

5.250%

5.629%

2.000

Abound Federal Credit Union

15-Year Fixed

5.500%

5.638%

0.000

Norfolk Community Federal Credit Union

10 Year Fixed

5.500%

5.639%

0.250

Disclaimer

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

Bank Holding Company: SR BCORP INC

How Many Domestic U.S. Offices? 16

How Many Branches are There? 15

Website: https://www.somersetsavings.com

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:

$1,051,728,000

Total Deposits:

$840,822,000

Equity Capital:

$197,099,000

Domestic Deposits:

$840,822,000

Net Income:

$1,063,000

Return on Assets:

-0.6980%

Quarterly Return on Assets:

0.4000%

Pretax Return on Assets:

0.5102%

Pretax Quarterly Return on Assets:

0.5100%

Return on Equity:

-3.8900%

Quarterly Return on Equity:

2.1600%

Leverage Tier 1 (Core Capital) Ratio:

15.1300%

Total Interest Income (YTD):

2.7239%

Headquarters:

Bound Brook

FDIC Field Office:

Jamesburg

Regulator:

FDIC

County:

Somerset

# of Offices:

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 Last Updated 03/31/2024

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