SOMERSET TRUST COMPANY
SAVINGS ACCOUNT COMPARISON
Advantage Interest Account Money Market Savings Account Money Market Plus Account Super Money Market Plus Account Statement Savings Account Overdraft Protection Savings Account
(Account available to Individuals only.)
Minimum to open $250 $2,500 $2,500 $50,000 Any Amount Any Amount
Minimum balance required to earn interest and obtain the annual percentage yield $250 $250 $250 $250 $100 $100
Minimun balance to avoid service charge $50 $50 $50 $50 $5 $1,000
Monthly minimum balance fee $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
ATM Access

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs 

Free OnLine Banking YES YES YES YES YES YES 
Direct Deposit fee waiver-No minimum monthly balance fee if your account has an automatic regular direct deposit, such as your payroll. NO  NO NO  NO NO   NO
eStatements (electronic statements) Yes, via STC OnLine Banking Yes, via STC OnLine Banking Yes, via STC OnLine Banking  Yes, via STC OnLine Banking Yes, via STC OnLine Banking Yes, via STC OnLine Banking


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 non-cash items (for example, checks).
For Advantage Interest Account, Money Market, Money Market Plus, and Super Money Market Plus 

  • 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 Account, Money Market Savings, Money Market Plus, Super Money Market Plus, 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 Company are unlimited.
  • Transfers 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 month.
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