Somerset Savings Bank

CDs and IRAs

Certificates of Deposit

If you are looking for a sure thing—a guaranteed interest rate with a choice of terms.

  • Open a CD with as little as $500

  • Earn competitive rates

  • Choose the term that’s right for you from 6 months up to 60 months

  • Rate is fixed for the term of the CD

Open an Account

Individual Retirement Accounts (IRAs)

If you are looking for a safe and simple way to save for your retirement.

  • Open a fixed rate IRA CD with as little as $500

  • Open an 18 Month Variable Rate CD with as little as $100.  Additional deposits in increments of $50 or more can be made without extending the term.

  • Earn competitive rates

  • Choose the term that’s right for you from 6 months up to 60 months

  • Rate is fixed for the term of the CD

  • Contributions may be tax-deductible (consult your tax advisor)

  • Separately insured up to $250,000

  • Automatic reinvestment at maturity