Certificates of Deposit 

We offer interest rates that are consistently competitive and are FDIC insured.
 
We offer Certificates of Deposit in a broad range of maturities, each designed with a particular goal in mind.
  • Open a Certificate with as little as $500.
  • Maturities range from three months to 5 years.


Click on each CD listed below for more information:
 

Disclosure Information
  • You must deposit $1,000 to open this account.
  • You must maintain a minimum balance of $1,000 in the account each day to obtain the disclosed annual percentage yield.
  • The interest rate for your account will be paid until the maturity date of your certificate.
  • The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
  • The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • After the certificate is opened, you may not make deposits into the account until the maturity date.
  • We may impose a penalty if you withdraw any or all of the principal before the maturity date. The penalty imposed will be equal to 90 days simple interest on the amount withdrawn. This could reduce your principal.
  • Interest is not compounded and will be credited at maturity. Interest may be paid by check or transferred automatically into another account at Somerset Trust Company. Options may vary.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger principal balance in the account each day.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • This account will automatically renew at maturity. You will have five (5) business days after the maturity date to withdraw your funds without being charged a penalty.

Disclosure Information
  • You must deposit $500 to open this account.
  • You must maintain a minimum balance of $500 in the account each day to obtain the disclosed annual percentage yield.
  • The interest rate for your account will be paid until the maturity date of your certificate.
  • The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
  • The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • After the certificate is opened, you may not make deposits into the account until the maturity date.
  • We may impose a penalty if you withdraw any or all of the principal before the maturity date. The penalty imposed will be equal to 180 days simple interest on the amount withdrawn. This could reduce your principal. On a 60 month CD, the penalty will be 365 simple interest on the amount withdrawn. This could reduce your principal.
  • Interest is compounded semi-annually and will be credited semi-annually. Interest may be paid by check or transferred automatically into another account at Somerset Trust Company. Options may vary.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger principal balance in the account each day.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • This account will automatically renew at maturity. You will have five (5) business days after the maturity date to withdraw your funds without being charged a penalty.

Disclosure Information
  • To open this certificate of deposit, you must have an active Somerset Trust Company checking account.
  • You must deposit $5,000 to open this account.
  • The maximum amount to open this account is $225,000.
  • You must maintain a minimum balance of $5,000 in the account each day to obtain the disclosed annual percentage yield.
  • The interest rate for your account will be paid until the maturity date of your certificate.
  • The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
  • The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • After the certificate is opened, you may not make deposits into the account until maturity date.
  • Early withdrawal of your full balance and interest earned, without penalty, is permitted any time on or after the seventh day following the date on which the account was funded.
  • Interest is compounded semi-annually and will be credited semi-annually. Interest may be transferred automatically into another account at Somerset Trust Company. Options may vary.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger principal balance in the account each day.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • This account will automatically renew at maturity to the regular 12 month CD. Terms and conditions for the 12 month CD, including penalty information, will be provided with your maturity notice. If you do not wish your funds to be renewed into the 12  month CD, you will have five (5) business days after the maturity date to withdraw your funds. Once renewed into the 12 month CD, your funds will be subject to the terms, conditions, and early withdrawal penalty for the 12 month CD.

Disclosure Information
  • To open this certificate of deposit, you must have an active Somerset Trust Company checking account.
  • You must deposit $2,500 to open this account.
  • The maximum amount to open this account is $500,000.
  • You must maintain a minimum balance of $2,500 in the account each day to obtain the disclosed annual percentage yield.
  • The interest rate for your account will be paid until the maturity date of your certificate.
  • The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
  • The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • After the certificate is opened, you may not make deposits into the account until maturity date.
  • We may impose a penalty if you withdraw any or the entire principal before the maturity date. The penalty imposed will be equal to 180 days of simple interest on the amount withdrawn. This could reduce your principal.
  • Interest is compounded semi-annually and will be credited semi-annually. Interest may be paid by check or transferred automatically into another account at Somerset Trust Company. Options may vary.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger principal balance in the account each day.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • This account will automatically renew at maturity to the regular 18 month CD. You will have five (5) business days after the maturity date to withdraw your funds without being charged a penalty.

($500 and over)
Disclosure Information
  • To open this certificate of deposit, you must have an active Somerset Trust Company checking account.
  • You must deposit $500 to open this account.
  • You must maintain a minimum balance of $500 in the account each day to obtain the disclosed annual percentage yield.
  • The interest rate for your account will be paid until the maturity date of your certificate.
  • The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
  • The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • After the certificate is opened, you may not make deposits into the account until maturity date.
  • We may impose a penalty if you withdraw any or the entire principal before the maturity date. The penalty imposed will be equal to 180 days of simple interest on the amount withdrawn. This could reduce your principal.
  • Interest is compounded semi-annually and will be credited semi-annually. Interest may be paid by check or transferred automatically into another account at Somerset Trust Company. Options may vary.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger principal balance in the account each day.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • This account will automatically renew at maturity to the 36 Month CD. You will have five (5) business days after the maturity date to withdraw your funds without being charged a penalty.

($500 and over)
Disclosure Information
  • To open this certificate of deposit, you must have an active Somerset Trust Company checking account.
  • You must deposit $500 to open this account.
  • You must maintain a minimum balance of $500 in the account each day to obtain the disclosed annual percentage yield.
  • The interest rate for your account will be paid until the maturity date of your certificate.
  • The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
  • The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • After the certificate is opened, you may not make deposits into the account until maturity date.
  • We may impose a penalty if you withdraw any or the entire principal before the maturity date. The penalty imposed will be equal to 540 days of simple interest on the amount withdrawn. This could reduce your principal.
  • Interest is compounded semi-annually and will be credited semi-annually. Interest may be paid by check or transferred automatically into another checking account at Somerset Trust Company. Options may vary.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger principal balance in the account each day.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • This account will automatically renew at maturity to the 60 month CD. You will have five (5) business days after the maturity date to withdraw your funds without being charged a penalty.