Business Savings Accounts
Statement 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. Our Statement Savings Account is designed with that in mind - a convenient and easy way to maximize your hard-earned dollars. Statement Savings Accounts pay tiered interest rates where the higher your balance, the more you earn.
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APYs effective as of September 1, 2010
| Product | Balances | Interest Rate | Annual Percentage Yield (APY) |
| Statement 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.
