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Somerset Trust Company


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.somersettrust.com
814-443-9200
151 West Main Street
Somerset, PA 15501

Somerset Trust Company is headquartered in SOMERSET and is the 24th largest bank in the state of Pennsylvania. It is also the 515th largest bank in the nation. It was established in 1889 and as of March of 2025, it had grown to 467 employees at 48 locations. Somerset Trust Company has a B health rating.

Reviews (1)

Degradation At It's Finest..

Posted by: |

Was able to open a business account. Then was not able to ever log in again and was told I did not have one. Also have been denied for anything I've ever applied for.

1


Health
B

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees467
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD13.57%
Annual Interest Income$31.6MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.4B$2.26B
LoansQ1 2025vs Q1 2024$1.55B$1.48B
DepositsQ1 2025vs Q1 2024$1.94B$1.84B
Equity CapitalQ1 2025vs Q1 2024$159.1MM$140.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$19.5MM$18.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$22.2MM$14.9MM
Real Estate OwnedQ1 2025vs Q1 2024$590K$51K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$0-Christmas Club
0.31%*$1m*-Advantage Interest Savings Account
OTHER TIERS: 0.11% → $250 - $25k | 0.16% → $25k - $50k | 0.21% → $50k - $150k | 0.26% → $150k - $1m
0.11%$0-Statement Savings
0.03%$0-Overdraft Protection Savings

Somerset Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.21%*$200k*-Personal Plus Interest Checking Account
OTHER TIERS: 0.11% → $1.5k - $100k | 0.16% → $100k - $200k
0.11%$1k-Horizon 50 Checking Account
0.11%$0-Municipal Checking
0.06%$0-Interest Checking Account

Somerset Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$5k-7 Month CD Special w/Relationship
3.55%$5k-15 Month CD Special w/Relationship
3.05%$5k-22 Month CD Special w/Relationship
0.60%$500-60 Month CD
0.55%$500-48 Month CD
0.45%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$1k-9 Month CD
0.10%$1k-3 Month CD
0.10%$1k-6 Month CD

Somerset Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.55%$500-15 Month IRA
0.55%$0-60 Month IRA
0.45%$0-42 Month IRA
0.40%$0-30 Month IRA
0.10%$0-18 Month Fixed Rate IRA
0.10%$0-18 Month Variable IRA
0.10%*$100k*-Savings IRA
OTHER TIERS: 0.05% → $0 - $100k
Locations

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