Somerset Trust Company
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.35% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 0.35% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.20% | Savings | 2.20% - Barclays Online Savings Account |
Somerset Trust Company is headquartered in Somerset and is the 31st largest bank in the state of Pennsylvania. It is also the 648th largest bank in the nation. It was established in 1889 and as of December of 2018, it had grown to 380 employees at 35 locations. Somerset Trust Company has a B+ health rating.
I love my bank.
I have been banking with Somerset Trust for a couple of months now. They have been so kind to me and my family every time we walk in there. It is also convenient because it is in our neighborhood. There is also a branch in our local WalMart which makes it even more convenient. The staff at the bank are so nice and knowledgable. The online banking has been simple and effective also. It is not a fancy site but gets the job done, which I appreciate. It is a great institution.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11112 |
| Year Established | 1889 |
| Employees | 380 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 12.3% |
| Annual Interest Income | $55.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.23B$1.14B |
| Loans | Q4 2018vs Q4 2017 | $837.5MM$735.0MM |
| Deposits | Q4 2018vs Q4 2017 | $1.00B$904.2MM |
| Equity Capital | Q4 2018vs Q4 2017 | $93.2MM$91.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $11.0MM$10.8MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $7.7MM$9.0MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $1.5MM$3.2MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Somerset Trust Company Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $150k* | - | Advantage Interest Savings Account | ||
| OTHER TIERS: 0.20% → $250 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $150k | |||||
| 0.25%* | $100k* | - | Savings IRA | ||
| OTHER TIERS: 0.15% → Up to $25k | 0.20% → $25k - $100k | |||||
| 0.20% | - | - | Statement Savings | ||
| 0.20% | - | - | Christmas Club | ||
| 0.10% | - | - | Overdraft Protection Savings | ||
Somerset Trust Company Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%* | $200k* | - | Personal Plus Interest Checking Account | ||
| OTHER TIERS: 0.20% → $1.5k - $25k | 0.25% → $25k - $100k | 0.30% → $100k - $200k | |||||
| 0.20% | $1k | - | Horizon 50 Checking Account | ||
| 0.20% | - | - | Municipal Checking | ||
| 0.15% | - | - | Interest Checking Account | ||
Somerset Trust Company CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.02% | $500 | - | 61 Month CD Special | |
| 2.87% | $2.5k | $500k | 19 Month CD Special (New Money) | |
| 2.16% | $500 | - | 45 Month CD Special | |
| 1.66% | $5k | $500k | 13 Month CD Special w/Relationship | |
| 1.35% | $500 | - | 60 Month CD | |
| 1.15% | $500 | - | 48 Month CD | |
| 1.00% | $500 | - | 36 Month CD | |
| 0.95% | $500 | - | 24 Month CD | |
| 0.40% | $500 | - | 18 Month CD | |
| 0.35% | $500 | - | 12 Month CD | |
| 0.25% | $1k | - | 9 Month CD | |
| 0.20% | $1k | - | 6 Month CD | |
| 0.15% | $1k | - | 3 Month CD |
Somerset Trust Company IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | - | - | 18 Month Fixed Rate IRA | |
| 1.51% | - | - | 60 Month IRA | |
| 1.00% | - | - | 42 Month IRA | |
| 0.60% | - | - | 30 Month IRA | |
| 0.40% | $500 | - | 15 Month IRA | |
| 0.35% | - | - | 18 Month Variable IRA |
