Standard CD & IRA Rates- Effective September 01, 2023
| CD Term | Minimum Deposit to Open Account | Interest Rate | Annual Percentage Yield (APY) |
|---|
|
91 Day CD
|
$500.00
|
0.199%
|
0.20%
|
|
1 Year CD
|
$500.00
|
0.348%
|
0.35%
|
|
18 Months CD
|
$500.00
|
0.399%
|
0.40%
|
|
24 Months CD
|
$500.00
|
0.448%
|
0.45%
|
|
4 Year CD
|
$500.00
|
0..549%
|
0.55%
|
|
5 Year CD
|
$500.00
|
0.648%
|
0.65%
|
Minimum deposit required to obtain the annual percentage yield. Interest is compounded daily and credited monthly. Rates subject to change without notice. A penalty may be imposed for premature withdrawal. Fees may reduce earnings on accounts.
Checking & Savings Rates
| Product | Minimum Deposit to Open Account | Interest Rate | Annual Percentage Yield (APY) |
|---|
|
Passbook Savings
|
$10.00
|
0.149%
|
0.15%
|
|
Statement Savings
|
$10.00
|
0.149%
|
0.15%
|
|
NOW Checking
|
$100.00
|
0.100%
|
0.10%
|
|
Business Checking
|
$1.00
|
0%
|
0%
|
|
NJ Consumer Checking
|
$50.00
|
0%
|
0%
|
Minimum opening deposit and minimum balance to earn annual percentage yield. Rates subject to change without notice. Fees may reduce earnings on accounts.
Interest rates and APYs on checking and savings accounts are variable and are subject to change at managements' discretion.
|
