Minimum Balance Required to Earn Interest and Obtain APY*
$100
$100
$250
Somerset Trust Company Debit Card & ATM Access
Surcharge-free use of STC's extensive network of ATMs, including partner networks, with your Somerset Trust Company debit card
Surcharge-free use of STC's extensive network of ATMs, including partner networks, with your Somerset Trust Company debit card
Surcharge-free use of STC's extensive network of ATMs, including partner networks, with your Somerset Trust Company debit card
STC Online and Mobile Banking Access
Yes
Yes
Yes
eStatements
Yes
Yes
Yes
*Annual Percentage Yield
Applies to all STC Savings Accounts listed above:
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.
For Statement Savings & Overdraft Protection Savings:
Interest begins to accrue on the business day you deposit no-cash items (for example, checks).
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.
For Advantage Interest Accounts:
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
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 business each day.
