Somerset Savings Bank is headquartered in BOUND BROOK and is the 33rd largest bank in the state of New Jersey. It is also the 1,374th largest bank in the nation. It was established in 1887 and as of March of 2023, it had grown to 65 employees at 7 locations. Somerset Savings Bank has an A health rating.
Very bad experience. Teller in 1st cubicle in Middlesex branch is very rude, very loud, talkative that everyone hears. She harassed me 3 times with her nasty, unprofessional remarks to me and management just watching not intervening to just calm her down. I will close my account because of her.
Overall | |
---|---|
FDIC Certificate # | 28778 |
Year Established | 1887 |
Employees | 65 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.16% |
Return on Equity - YTD | 0.87% |
Annual Interest Income | $4.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $664.9MM$649.0MM |
Loans | Q1 2023vs Q1 2022 | $357.3MM$317.0MM |
Deposits | Q1 2023vs Q1 2022 | $521.5MM$525.0MM |
Equity Capital | Q1 2023vs Q1 2022 | $119.1MM$120.2MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $1.1MM$1.1MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $147.00K$0 |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Somerset Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $10k* | - | Tiered Savings | ||
OTHER TIERS: 0.05% → Up to $10k | |||||
0.05% | $50 | - | Passbook Savings | ||
0.05% | $50 | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $250 | - | Provider Money Market Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $500 | - | NOW Checking with Interest | |
0.05% | $500 | - | Free 50+ Checking with Interest |
Somerset Savings Bank Locations | ||
---|---|---|
Middlesex | 1305 Bound Brook Road | Middlesex, NJ 08846 |
Flemington | 141 Broad Street | Flemington, NJ 08822 |
Somerset Savings Bank, SLA | 220 W Union Ave | Bound Brook, NJ 08805 |
Manville Branch | 41 South Main Street | Manville, NJ 08835 |
Whitehouse Branch | 410 Us 22 | Whitehouse Station, NJ 08889 |
Somerville | 64 West End Avenue | Somerville, NJ 08876 |
Raritan | 802 Somerset Street | Raritan, NJ 08869 |