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 4.50%, 6-month CD rates at 4.00% and 3-month CD rates at 2.63%. Current savings rates are at 0.02% and money market rates are at 1.00%. Mortgage rates today on 30-year fixed loans are around 6.92%. Credit Card rates are at 14.25%. Personal Loan rates are at 14.00%. 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
Security Federal Bank
Security Federal Bank
11-Month CD
5.00%
$500
RBAZ Republic Bank of Arizona
9-Month CD
4.98%
$1,000
Milton Savings Bank
Milton Savings Bank
12-Month CD
4.50%
$500
Raymond James Bank
Raymond James Bank
3-Month CD
4.40%
$1,000
Frost Bank
Frost Bank
12-Month CD (Jumbo)
4.40%
$100,000
Marcus Bank
Marcus Bank
48-Month CD
4.05%
$500
First Community Bank Beemer, NE
First Community Bank Beemer, NE
60-Month CD
3.85%
$10,000
Apple Federal Credit Union
Apple Federal Credit Union
84-Month CD
3.81%
$500
167th TFR Federal Credit Union
167th TFR Federal Credit Union
12-Month CD
3.80%
$500
AVB Bank
AVB Bank
48-Month CD
3.75%
$1,000
Fayetteville Bank
Fayetteville Bank
9-Month CD
3.70%
$1,000
Citizens Savings Bank Bogalusa, LA
Citizens Savings Bank Bogalusa, LA
36-Month CD
3.50%
$2,500
Genoa Banking Company
48-Month CD
3.50%
$1,000
Neffs National Bank
Neffs National Bank
60-Month CD
3.00%
$1,000
1st Advantage Bank
1st Advantage Bank
36-Month CD
3.00%
$500
Farmers State Bank Yale, IA
Farmers State Bank Yale, IA
48-Month CD
2.93%
$500
Cendera Bank
Cendera Bank
18-Month CD
2.89%
$1,000
PCB Payne County Bank
PCB Payne County Bank
30-Month CD
2.80%
$1,000
Bank Midwest
Bank Midwest
30-Month CD
2.78%
$500
Seasons Federal Credit Union
Seasons Federal Credit Union
36-Month CD
2.75%
$1,000
Badger Bank
Badger Bank
12-Month CD
2.74%
$1,000
The Bank of Glen Burnie
The Bank of Glen Burnie
18-Month CD
2.53%
$500
Union Federal S&L
6-Month CD
2.52%
$200
United Savings Bank Philadelphia, PA
United Savings Bank Philadelphia, PA
24-Month CD
2.50%
$1,000
Dieterich Bank
Dieterich Bank
30-Month CD
2.50%
$500
Ponce Bank
Ponce Bank
Non-Profit Business Checking
2.50%
$0
American Plus Bank, N.A.
American Plus Bank, N.A.
36-Month CD
2.50%
$25,000
WCB West Central Bank
WCB West Central Bank
24-Month CD
2.32%
$1,000
Denison State Bank
Denison State Bank
48-Month CD
2.10%
$500
Leader Bank
Leader Bank
Zeugma Reward Savings
2.00%
$10
Alliance Bank WI
Alliance Bank WI
12-Month CD
1.85%
$1
Kentucky Farmers Bank
Kentucky Farmers Bank
36-Month CD
1.75%
$1,000
Vast Bank
Vast Bank
6-Month CD
1.75%
$1,000
First Bank Burkburnett, TX
First Bank Burkburnett, TX
36-Month CD
1.61%
$1,000
Reliance State Bank
Reliance State Bank
Money Market
1.61%
$200,000
SSB Scott State Bank
SSB Scott State Bank
36-Month CD
1.51%
$1,000
Piedmont FSB
Piedmont FSB
24-Month CD
1.50%
$500
Frontier State Bank
Frontier State Bank
3-Month CD
1.16%
$1,000
Cayuga Lake National Bank
Cayuga Lake National Bank
24-Month CD
1.15%
$500
Stryv Bank
Stryv Bank
18-Month CD
1.10%
$1,000
Katahdin Trust Company
Katahdin Trust Company
24-Month CD
0.85%
$500
MCS Bank
MCS Bank
60-Month CD
0.60%
$1,000
Citizens Bank & Trust (AL)
Citizens Bank & Trust (AL)
Prime Checking
0.43%
$10,000
OBC Bank
OBC Bank
48-Month CD
0.35%
$1,000
Washington Savings Bank Lowell, MA
Washington Savings Bank Lowell, MA
3-Month CD
0.15%
$500
C&SB of Millersburg, Ohio
C&SB of Millersburg, Ohio
Passbook Savings
0.15%
$0
Eclipse Bank
Eclipse Bank
3-Month CD
0.10%
$1,000
ableBanking
ableBanking
Money Market
0.10%
$250
Community Bank of Pleasant Hill
Community Bank of Pleasant Hill
24-Month CD
0.05%
$500
Jewett City Savings Bank
Jewett City Savings Bank
Money Market
0.05%
$100
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

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Somerset Savings Bank Reviews

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