Business Savings Accounts
Passbook Savings Accounts
At Somerset Hills Bank, we want to make sure your money is always working for you to help you meet your savings goals. Enjoy a traditional passbook account and earn a tiered interest rate that increases as your account balance rises.
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APYs effective as of September 7, 2010
| Product | Balances | Interest Rate | Annual Percentage Yield (APY) |
| Passbook Savings | $0.01 to $9,999.99 | 0.25% | 0.25% |
| $10,000.00 to $24,999.99 | 0.25% | 0.25% | |
| $25,000.00 to $49,999.99 | 0.25% | 0.25% | |
| $50,000.00 and above | 0.25% | 0.25% |
- This is a variable rate account and the Interest Rates and APY are subject to change at any time.
- You must maintain the minimum balance indicated to receive the disclosed APY.
- Maintain a $100.00 minimum balance to avoid a quarterly maintenance fee of $5.00.
- Fees could reduce earnings on the account.
