Savings Accounts
Money Market Account
At Somerset Hills Bank, we want to make sure your money is always working for you to help you meet your savings goals. Our Money Market Account is designed with that in mind - a convenient and easy way to maximize your hard-earned dollars. Money Market Accounts pay tiered interest rates where the higher your balance, the more you earn.
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- Write up to three third party checks per month
- Free telephone banking
- Interest is compounded daily and credited to your account monthly.
- Monthly statement with check images
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APYs effective as of September 7, 2010
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| MONEY MARKET ACCOUNT* | $0.01- $9,999.99 | 0.20% | 0.20% |
| | $10,000.00 - $24,999.99 | 0.20% | 0.20% |
| | $25,000.00 - $49,999.99 | 0.45% | 0.45% |
| | $50,000.00 and above | 0.45% | 0.45% |
- 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 minimum daily balance of $2,500.00 to avoid a monthly maintenance fee of $12.00.
- Fees could reduce earnings on the account.
