Featured Savings Rates
Featured Accounts

Somerset Savings Bank, SLA

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.00%5-year CD60 Month CD
0.10%1-year CD10 Month CD
0.05%SavingsStatement Savings

Overview / Commentary
732-560-1700
220 West Union Avenue
Bound Brook, NJ 08805

Somerset Savings Bank, SLA is headquartered in Bound Brook and is the 39th largest bank in the state of New Jersey. It is also the 1,232nd largest bank in the nation. It was established in 1887 and as of March of 2017, it had grown to 70 employees at 7 locations. Somerset Savings Bank, SLA's CD rates are 17% higher than the national average, and it boasts an A+ health rating.

Reviews (1)

Bank Experience

Posted by: Adk | Jul 11, 2016

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #28778
Year Established1887
Employees70
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD2.03%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$584.2MM$566.4MM
LoansQ1 2017vs Q1 2016$258.3MM$245.1MM
DepositsQ1 2017vs Q1 2016$469.0MM$454.0MM
Equity CapitalQ1 2017vs Q1 2016$110.2MM$109.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$760.00K$795.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$195.00K$182.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Somerset Savings Bank, SLA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Tiered Savings
OTHER TIERS: 0.05% Up to $10k
0.05%$50-Passbook Savings
0.05%$50-Statement Savings

Somerset Savings Bank, SLA Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$250-Provider Money Market Account

Somerset Savings Bank, SLA Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-NOW Checking with Interest
0.05%$500-Free 50+ Checking with Interest

Somerset Savings Bank, SLA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month CD
1.50%$500-24 Month CD
1.05%$500-12 Month CD
0.60%$500-48 Month CD
0.50%$500-42 Month CD
0.40%$500-30 Month CD
0.40%$500-36 Month CD
0.20%$500-18 Month CD
0.15%$500-13 Month CD
0.15%$500-15 Month CD
0.10%$500-6 Month CD
0.10%$500-9 Month CD
0.10%$500-10 Month CD

Somerset Savings Bank, SLA IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month IRA
1.50%$500-24 Month IRA
1.05%$500-12 Month IRA
0.60%$500-48 Month IRA
0.50%$500-42 Month IRA
0.40%$500-30 Month IRA
0.40%$500-36 Month IRA
0.20%$500-18 Month IRA
0.15%$500-13 Month IRA
0.15%$500-15 Month IRA
0.10%$500-6 Month IRA
0.10%$500-9 Month IRA
0.10%$500-10 Month IRA
Locations


Somerset Savings Bank, SLA Locations
Middlesex1305 Bound Brook RoadMiddlesex, NJ 08846
Flemington141 Broad StreetFlemington, NJ 08822
Somerset Savings Bank, SLA220 West Union AvenueBound Brook, NJ 08805
Manville Branch41 South Main StreetManville, NJ 08835
Whitehouse Branch410 Us 22Whitehouse Station, NJ 08889
Somerville64 West End AvenueSomerville, NJ 08876
Raritan802 Somerset StreetRaritan, NJ 08869