Certificates of Deposit
At Somerset Hills Bank we know how important your savings goals are. Whether you are saving for the home of your dreams, planning a child's education or looking towards retirement, we think you will find our Certificates of Deposit an excellent choice in helping reach your financial goals.
Enjoy the most competitive rates available combined with the safety and security of FDIC insurance. To meet your needs, we offer flexible terms from 7 days to 5 years. For your convenience you can select several different interest payment options including a regular interest check or automatic transfer to a checking or savings account at Somerset Hills Bank.
Whatever your savings needs are, we have a CD to match.
All certificates of deposit have a low minimum balance of $1,000.00.
Current Rates
| Product |
Balances |
Interest Rate |
Annual
Percentage
Yield |
| |
|
|
|
| 31 Day CD |
All Balances |
.25% |
.25% |
| 91 Day CD |
All Balances |
.25% |
.25% |
| 6 Month CD |
All Balances |
1.49% |
1.50% |
| 12 Month CD |
All Balances |
1.98% |
2.00% |
| 18 Month CD |
All Balances |
2.23% |
2.25% |
| 24 Month CD |
All Balances |
2.47% |
2.50% |
| 36 Month CD |
All Balances |
2.96% |
3.00% |
| 48 Month CD |
All Balances |
3.44% |
3.50% |
| 60 Month CD |
All Balances |
3.68% |
3.75% |
The Interest Rates and Annual
Percentage Yields (APY) are accurate as of
December 19, 2008.
Substantial penalty for early withdrawal.
Interest Rates and APY are subject to change at anytime.
APY assumes that
interest will remain on deposit until withdrawal.
| 
