Premium Money Market
Earn [a lot] more for your money. With our Premium Money Market account.
It’s time to stop settling for less from big banks.
The variable rate Premium Money Market account from Somerset Regal Bank pays you over nine times more.*
With just $5,000+ on deposit, you can earn up to 3.82% APY!**
And unlike CDs, accessing your money doesn’t cost you a thing. That’s right:
NO penalties
And unlike CDs, accessing your money doesn’t cost you a thing. That’s right:
NO penalties
NO monthly service charge
NO tying funds up for months
Here are some additional details:
- Account requires a $5,000 minimum opening deposit
- Minimum balance of $5,000 to earn interest
- Interest is compounded daily and credited to the account monthly
- Unlimited deposit and in-person withdrawals
PLUS, our Premium Money Market account comes with the convenience of 24/7 banking and the personal support of real humans when you need it.
Ready for your money to start working as hard as you do? Let’s get you set up!
If you’re new to Somerset Regal Bank, visit any of our 14 convenient branches in Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties.
Ready for your money to start working as hard as you do? Let’s get you set up!
If you’re new to Somerset Regal Bank, visit any of our 14 convenient branches in Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties.
If you’re a current Somerset Regal Bank customer, you can get started today.
*As of January 2025, the national average savings account interest rate is 0.41%, according to the Federal Deposit Insurance
Corp (FDIC).
**APY = Annual Percentage Yield. Premium Money Market account requires a $5,000 minimum opening deposit. Thereafter, there is no minimum balance requirement. Minimum balance to earn interest is $5,000. As of January 7, 2025, the account has a rate of 3.75% and an APY of 3.82%. This is a variable rate account; the interest rate and Annual Percentage Yield can change at any time at the Bank’s discretion. Interest is compounded daily and credited to the account monthly. Unlimited deposit and in-person withdrawals plus up to 6 electronic funds transfers per statement cycle, including uo to 3 point-of-sale transactions. This account has no monthly service charge.
