Savings Accounts
At Somerset Hills Bank, we want to make sure your
money is always working for you. Our Savings and Money Market
Accounts are designed with that in mind - a convenient and easy way
to maximize your hard-earned dollars. Both our Savings and Money
Market Accounts pay tiered interest rates where the higher your
balance, the more you earn. Also, with a Statement Savings or Money
Market Account, you can enjoy the added convenience of account
access at any ATM that bears the MAC, Exchange or Cirrus logos.
Whatever your savings needs are, Somerset Hills
Bank has a savings plan to help you meet your savings goals.
Statement Savings Earn a tiered
interest rate that increases as your account balance rises with the
convenience of a quarterly statement that summarizes your account
activity.
- Maintain a $100.00 minimum balance to avoid a quarterly
maintenance fee.
- If your balance falls below $100.00, the quarterly maintenance
fee is $5.00.
- Interest is compounded daily and credited to your account
monthly.
- Unlimited withdrawals in person or at an ATM with our Free ATM
Card.
Passbook
Savings Enjoy a traditional passbook account and earn a
tiered interest rate that increases as your account balance rises.
- Maintain a $100.00 minimum balance to avoid a quarterly
maintenance fee.
- If your balance falls below $100.00, the quarterly maintenance
fee is $5.00.
- Interest is compounded daily and credited to your account
monthly.
- Make unlimited withdrawals at any one of our branch locations.
Money Market
Account
- Earn a tiered interest rate on your balance along with the
ability to write up to three third party checks per month.
- Maintain a minimum daily balance of $2,500.00 to avoid a
monthly maintenance fee.
- If your balance falls below $2,500.00 the monthly maintenance
fee is $12.00.
- Interest is compounded daily and credited to your account
monthly.
- Make unlimited withdrawals in person and at the ATM.
- Write up to three third party checks per month.
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