Determine which savings account best fits your needs...

Savings Account Comparison (click on account name for more info and to apply now)
 
Statement Savings
Overdraft Protection Savings
Advantage Interest
 Minimum Balance to Open Account
Any Amount
Any Amount
$250
 Balance to Avoid Monthly Service Fee
$5
$1,000
$50
 Monthly Minimum Balance Fee
$1
$1
$1
 Minimum balance required to earn interest and obtain APY*
$100
$100
$250
 Debit Card & ATM Access
Free at Somerset Trust ATMs
Free at Somerset Trust ATMs
Free at Somerset Trust ATMs
 STC Anywhere Access
Yes
Yes
Yes
 eStatements
Yes
Yes
Yes
*Annual Percentage Yield
 
Applies to all STC Savings Accounts:
·         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.
For Statement Savings & Overdraft Protection Savings:
·         Interest begins to accrue on the business day you deposit no-cash items (for example, checks).
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).
For Advantage Interest Accounts and Statement Savings accounts:
·         Transfers or withdrawals made in person are unlimited
·         Preauthorized transfer for the purpose of paying a loan(s) at Somerset Trust are unlimited
·         Transfer to another account or to third parties by preauthorized automatic, telephone agreement, computer transfer or by check, draft, or similar order to third parties are limited to six per calendar year.