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CD Comparison

 
3 month, 6 month, and 9 month CD
12 - 60 month CD
 Required Deposit to Open
$1,000
$500
 Minimum Daily Balance to Obtain APY*
$1,000
$500
 Additional Deposits Accepted?
No
No
 Withdrawals Permitted Without Penalty?
No
No
 Interest Paid or Credited 
At Maturity
Semi-Annually and at Maturity
 Automatically Renewed At Maturity? (you have 5 business days after maturity date to withdraw without penalty)
Yes
Yes

 

   
12 month special CD**
 
13 month special CD**
39 month special  CD**
 Required Deposit to Open
 
$5,000
 
$5,000
$5,000
 Minimum Daily Balance to Obtain APY*
 
$5,000
 
$5,000
$5,000
 Additional Deposits Accepted?
 
No
 
No
No
 Withdrawals Permitted Without Penalty?
 
No
 
  Yes***
No
 Interest Paid or Credited 
 
   Semi-Annually and at Maturity 
 
Semi-Annually and at Maturity 
       Semi-Annually        and at Maturity
 Automatically Renewed At Maturity? (you have 5 business days after maturity date to withdraw without penalty)
 
     Yes
 
Yes
Yes
 

   

    *Annual Percentage Yield.

  **To open this certificate of deposit, you must have a new or existing Somerset Trust checking account with external direct deposit. An additional CD relationship does not qualify a customer for the higher special CD rate.

***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 opened or is permitted any time on or after the seventh day following the day the grace period expires listed in the last block of the chart above.

Note: Maximum opening deposit amount for the 12 month special CD or 13 month special CD is $225,000. Maximum opening deposit for the 39 month special CD is $250,000.

 Additional disclosures are necessary to complete the total information package for certificate of deposit accounts and special certificate of deposit accounts. Please request further information from  a New Accounts Representative.