Overdraft Protection Savings Account

Occasionally overdrafts happen. We link your Overdraft Protection Savings to your checking account to give you peace of mind. If an overdraft occurs, funds will automatically transfer from your savings to your checking account.
  • No minimum deposit required to open at a branch.
  • $25 minimum deposit required to open online.
  • You must maintain a minimum balance of $100 in the account each day to obtain the disclosed annual percentage yield.
  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rates for your account at any time. The current interest rates and annual percentage yields can be found in the Account Rate Sheet.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • Interest will be compounded monthly 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 ledger principal balance in the account at the end of business each day.
  • Any individual may maintain an Overdraft Protection Savings Account. Other entities organized or operated to make a profit such as corporations, partnerships, associations, business trusts, or other organizations may not maintain an Overdraft Protection Savings Account.
  • Monthly minimum balance fee of $1.00 if balance falls below $1,000 in a statement period.
  • Unlimited transfers to checking account.
  • Unlimited withdrawals via ATM or in person at a teller window.
  • STC CheckCard.
  • Free use of Somerset Trust ATMs when you use your STC CheckCard.
  • STC Anywhere online, mobile, and tablet banking with person to person payments, bill payment options, alerts, and more.
  • Combined monthly statement outlines both checking and savings activity, including transfers, for simple reconciliation.
  • eStatements (Go Paperless!)
  • Link your Overdraft Protection Savings to any of these personal checking accounts: Convenient Checking Account, Horizon 50 Checking Account, Interest Checking Account, Personal Plus Checking Account, Student Advantage Checking Account.
  • Monthly minimum balance fee and other fees may be charged to your account. A complete listing of these fees can be found in the Account Fee Schedule.

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Click Here for more information on account fees.

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