Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate for your account at any time. The current interest rate and annual percentage yield are listed on the Account Rate Sheet.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
Interest for your account will be compounded daily and credited to your account monthly on the statement date. If you close your account before interest is credited, you will receive the accrued interest up to the date you close the account.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected principal balance in the account at the end of the day.
Individuals, sole proprietorships, government units, and non-profit organizations operating primarily for philanthropic, charitable, religious, educational, or political purposes are eligible to open an Interest Checking Account. Entities organized to make a profit such as corporations, partnerships, associations, business trusts, or other organizations may not maintain an Interest Checking Account.
Receive basic checks at no cost for the life of the account.
Unlimited check writing.
Check images are returned with your monthly statements.
Free use of Somerset Trust ATMs when you use your STC CheckCard.
STC Anywhere, online and mobile banking with person to person payments, bill payment options, and more.
Monthly minimum balance fees and other fees may be charged to your account. A complete listing of the fees can be found in the Account Fee Schedule.