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:
 

3 Month, 6 Month, and 9 Month CD

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 The penalty imposed will be equal to 90 days simple interest on the amount withdrawn.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.

12 Month CD to 60 Month CD

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 days simple interest on the amount withdrawn. This could reduce your principal.
  • Interest is compounded semi-annually and will be credited semi-annually. The annual percentage yield disclosed assumes interest payments remain on deposit until maturity and are credited semi-annually. Other interest payment options (paid by check or transferred automatically into another account at Somerset Trust Company) may also affect the disclosed annual percentage yield. 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.

7 Month Special CD - Relationship CD

Disclosure Information
  • To open this certificate of deposit, you must have a new or active* existing Somerset Trust checking account. An additional CD relationship does not qualify a customer for the higher special CD rate.
  • You must deposit $5,000 to open this account.
  • 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 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 of simple interest on the amount withdrawn. This could
    reduce your principal.
  • Interest is not compounded and will be credited at maturity. 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 6 month CD. You will have five (5) business days after the maturity date to withdraw your funds without being charged a penalty.
*Checking account must have a minimum of one transaction during the previous 180 days; interest postings and account fees/service charges do not qualify as a transaction.

15 Month Special CD - Relationship CD

Disclosure Information
  • To open this certificate of deposit, you must have a new or active* existing Somerset Trust checking account. An additional CD relationship does not qualify a customer for the higher special CD rate.
  • You must deposit $5,000 to open this account.
  • 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 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 of simple interest on the amount withdrawn. This could reduce your principal.
  • Interest is compounded semi-annually and will be credited semi-annually. The annual percentage yield disclosed assumes interest payments remain on deposit until maturity and are credited semi-annually. Other interest payment options (interest may be transferred automatically into another account at Somerset Trust Company) may also affect the disclosed annual percentage yield. 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. You will have five (5) business days after the maturity date to withdraw your funds without being charged a penalty.
*Checking account must have a minimum of one transaction during the previous 180 days; interest postings and account fees/service charges do not qualify as a transaction.

22 Month Special CD - Relationship CD

Disclosure Information
  • To open this certificate of deposit, you must have a new or active* existing Somerset Trust checking account. An additional CD relationship does not qualify a customer for the higher special CD rate.
  • You must deposit $5,000 to open this account.
  • 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 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 of simple interest on the amount withdrawn. This could
    reduce your principal.Interest is compounded semi-annually and will be credited semi-annually. The annual percentage yield disclosed assumes interest payments remain on deposit until maturity and are credited semi-annually. Other interest payment options (interest may be transferred automatically into another account at Somerset Trust Company) may also affect the disclosed annual percentage yield. 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.
*Checking account must have a minimum of one transaction during the previous 180 days; interest postings and account fees/service charges do not qualify as a transaction.