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 1.28%, 6-month CD rates at 3.79% and 3-month CD rates at 1.50%. Current savings rates are at 0.30% and money market rates are at 2.53%. Mortgage rates today on 30-year fixed loans are around 7.26%. Credit Card rates are at 8.90%. Personal Loan rates are at 13.25%. 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%, 12-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 0.10%.

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
0.10%
30-Year Fixed
N/A
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
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
12-Month CD
0.20%
$500
Somerset Savings Bank
Somerset Savings Bank
18-Month CD
0.20%
$500
Somerset Savings Bank
Somerset Savings Bank
Provider Money Market
0.10%
$2,500
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.

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

Bank
Product
APY
Min Dep
American State Bank (TX)
American State Bank (TX)
36-Month CD
1.51%
$1,000
Ergo Bank
Ergo Bank
18-Month CD
3.79%
$500
Napoleon State Bank
Napoleon State Bank
3-Month CD
0.15%
$1,000
First Federal Bank of Wisconsin
First Federal Bank of Wisconsin
7-Month CD special
4.50%
$500
First Community Bank Batesville, AR
First Community Bank Batesville, AR
22-Month CD
5.00%
$500
Putnam County Bank
Putnam County Bank
12-Month CD
1.25%
$1,000
F&M Union Bank
36-Month CD
4.04%
$1,000
Alliant Credit Union
Alliant Credit Union
12-Month CD certificate
5.40%
$1,000
Marquette Savings Bank
Marquette Savings Bank
61-Month promo special
3.60%
$500
Genoa Community Bank
Genoa Community Bank
48-Month CD
2.55%
$500
Piedmont FSB
Piedmont FSB
24-Month CD
1.50%
$500
FSB New Madison, OH
FSB New Madison, OH
10-Month CD special
5.01%
$1,000
First Secure Bank and Trust Co.
First Secure Bank and Trust Co.
30-Month CD
0.45%
$1,000
Raymond James
12-Month CD brokered
4.75%
$1,000
First FSB of Kentucky
First FSB of Kentucky
10-Month CD
4.58%
$500
Yakima Federal S&L
Yakima Federal S&L
36-Month CD savers choice
0.40%
$500
Winter Hill Bank
Winter Hill Bank
18-Month CD
0.35%
$500
Chelsea Groton Bank
Chelsea Groton Bank
Checking Account
0.01%
$25
PS Bank of Velva
PS Bank of Velva
12-Month CD
5.25%
$500
Kitsap Bank
Kitsap Bank
9-Month CD
0.90%
$5,000
Commerce Bank & Trust Winter Park, FL
Commerce Bank & Trust Winter Park, FL
6-Month CD
4.76%
$0
Hancock County SB
Hancock County SB
Money Market
0.05%
$2,000
Union Bank, Inc.
Union Bank, Inc.
48-Month CD
0.34%
$1,000
F&M Bank and Trust Company
F&M Bank and Trust Company
22-Month CD special
4.85%
$5,000
F&M State Bank Winterset, IA
F&M State Bank Winterset, IA
Savings Account
0.50%
$25,000
First Mutual Bank, FSB
First Mutual Bank, FSB
24-Month CD
1.25%
$500
Eclipse Bank
Eclipse Bank
3-Month CD
0.10%
$1,000
Bank of the Flint Hills
Bank of the Flint Hills
3-Month CD
2.36%
$500
Washita State Bank
Washita State Bank
36-Month CD
2.02%
$1,000
Think Mutual Bank
Think Mutual Bank
60-Month CD
2.75%
$250
The Bank of Tioga
The Bank of Tioga
Money Market
0.03%
$2,500
Service Federal Credit Union
Service Federal Credit Union
Money Market
0.55%
$2,500
Quoin Financial Bank
Quoin Financial Bank
Cash Management Money Market
0.40%
$100,000
ESB Bank
ESB Bank
Elite Checking
1.01%
$10,000
Heritage Bank N.A.
Heritage Bank N.A.
Payroll Plus Checking
4.00%
$100
Gateway Commercial Bank
Gateway Commercial Bank
Advantage Checking
0.10%
$50
Vystar Credit Union
Vystar Credit Union
18-Month CD
3.50%
$500
First National Bank in Philip
First National Bank in Philip
3-Month CD
4.58%
$1,000
KodaBank
KodaBank
24-Month CD
3.50%
$1,000
Preferred Bank Rothville, MO
Preferred Bank Rothville, MO
18-Month CD
2.17%
$500
Cincinnati Federal
Cincinnati Federal
Savings Account Premier
4.00%
$500,000
Farmers State Bank Victor, MT
Farmers State Bank Victor, MT
7-Month CD special
4.80%
$1,000
Landmark Credit Union
Landmark Credit Union
3-Month CD certificate
0.50%
$500
FNB Of Nokomis
FNB Of Nokomis
15-Month CD special
4.05%
$1,000
Lyons Federal Bank
Lyons Federal Bank
3-Month CD special
4.01%
$50,000
The MINT National Bank
The MINT National Bank
12-Month CD special
5.10%
$10,000
5Star Bank
5Star Bank
60-Month CD variable IRA
4.05%
$250
West Union Bank
West Union Bank
10-Month CD
3.25%
$500
American Bank
American Bank
14-Month CD special
4.50%
$500
Henderson FSB
Henderson FSB
3-Month CD
2.28%
$500
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.

Mortgage Rates February 23, 2024

Lender
Product
Rate
APR
Points
8.375%
8.432%
0.375
8.250%
8.411%
0.000
8.150%
8.354%
0.000
10-Year ARM
8.000%
8.099%
0.000
5-Year Jumbo ARM
5.875%
8.098%
2.000
30-Year Jumbo Fixed
7.750%
7.911%
1.000
5-Year ARM FHA
5.750%
7.888%
2.000
7-Year ARM
7.500%
7.847%
0.000
5Y/6M ARM
6.750%
7.841%
0.881
7-Year ARM
6.990%
7.764%
0.000
30-Year Fixed
7.421%
7.750%
0.000
7.500%
7.746%
0.000
7.500%
7.735%
1.000
5-Year ARM
6.000%
7.685%
2.000
7.500%
7.682%
1.000
6.500%
7.670%
0.500
5/6 Month ARM
6.750%
7.623%
1.000
6.500%
7.600%
0.500
7.250%
7.591%
0.000
7.500%
7.573%
0.000
30-Year Fixed FHA
6.000%
7.565%
0.000
6.875%
7.559%
0.000
7Y/6M ARM
6.500%
7.545%
0.908
7.125%
7.524%
1.000
6.625%
7.510%
0.500
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

Mortgage rates are hovering just above the low for 2014. Conventional 30 year mortgage rates are currently averaging 4.19 percent, a decline from last week's average 30 year rate of 4.26 percent. The lowest point for 30 year conforming rates in 2014 was 4.12 percent earlier this month. The highest point was 4.53 percent back in January.
The economic recovery is in full swing in most states. The Bureau of Economic Analysis released State Personal Income which shows an increase on average of 5.1% for 2011. This past year's increase was better than 2010 when personal income increased 3.7%. The highest increase was in North Dakota at 8.1% and the lowest increase was 3.4% in Maine. Personal income is income received by all persons from all sources.
Conforming 30 year home mortgage interest rates and refinance interest rates are averaging 4.80 percent, down slightly from yesterday’s average 30 year mortgage rate and refinance mortgage rate of 4.81 percent. 30 year refinance interest rates and home loan rates Texas are higher averaging 4.89 percent.

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