5 star ratingAverage User Rating:
5 star rating based on 1 review.

Clifton Savings Bank

Clifton Savings Bank Locations
1433 Van Houten Avenue, 3rd Floor
Clifton, NJ 7013
888.562.6727
www.cliftonsavings.com

Clifton Savings Bank is headquartered in Clifton and is the 22nd largest bank in the state of New Jersey. It is also the 602nd largest bank in the nation. It was established in 1928 and as of March of 2012, it had grown to 97 employees at 12 locations. Clifton Savings Bank has a 5-star health rating.

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Competitive CD Rates at Clifton Savings Bank in NJ - Local Only - 6/14/2011

Clifton Savings Bank is offering several competitive long-term CD and IRA CD rates. For very long maturities, there's a 7-year CD with a 3.25% APY and a 6-year CD with a 3.00% APY. There's also a spec ...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Clifton Savings Bank Checking Account Rates

ApyMinMaxProduct
0.30%$15k-Crystal Checking
0.30%$2,500-Super N.O.W.
0.20%$50-N.O.W.

Clifton Savings Bank Savings Account Rates

ApyMinMaxProduct
0.35%--Passbook Savings
0.35%--Holiday Club
0.35%--Vacation Club
0.30%$25k-Statement Savings

Clifton Savings Bank Money Market Rates

ApyMinMaxProduct
0.30%$2,500-Money Market Account

Clifton Savings Bank CD Rates

ApyMinMaxProduct
2.06%$500-84 Month Bonus CD
1.80%$500-84 Month CD
1.75%$500-72 Month CD
1.40%$500-50 Month CD
1.20%$500-36 Month CD
0.95%$500-24 Month CD
0.95%$500-25 Month CD
0.95%$500-30 Month CD
0.80%$500-18 Month CD
0.60%$500-14 Month CD
0.60%$500-15 Month CD
0.55%$500-6 Month CD
0.50%$500-12 Month CD
0.40%$500-8 Month CD
0.40%$500-9 Month CD
0.40%$500-11 Month CD
0.30%$500-75 Day CD
0.30%$500-3 Month CD
0.30%$500-4 Month CD

Clifton Savings Bank IRA Rates

ApyMinMaxProduct
2.06%$500-84 Month Bonus CESA
2.06%$500-84 Month Bonus IRA
2.06%$500-84 Month Bonus Roth IRA
1.80%$500-84 Month IRA
1.80%$500-84 Month Roth IRA
1.80%$500-84 Month CESA
1.75%$500-72 Month IRA
1.75%$500-72 Month Roth IRA
1.75%$500-72 Month CESA
1.40%$500-50 Month IRA
1.40%$500-50 Month Roth IRA
1.40%$500-50 Month CESA
1.20%$500-36 Month IRA
1.20%$500-36 Month Roth IRA
1.20%$500-36 Month CESA
0.95%$500-24 Month IRA
0.95%$500-25 Month IRA
0.95%$500-30 Month IRA
0.95%$500-24 Month Roth IRA
0.95%$500-25 Month Roth IRA
0.95%$500-30 Month Roth IRA
0.95%$500-24 Month CESA
0.95%$500-25 Month CESA
0.95%$500-30 Month CESA
0.80%$500-18 Month IRA
0.80%$500-18 Month Roth IRA
0.80%$500-18 Month CESA
0.60%$500-14 Month IRA
0.60%$500-15 Month IRA
0.60%$500-14 Month Roth IRA
0.60%$500-15 Month Roth IRA
0.60%$500-14 Month CESA
0.60%$500-15 Month CESA
0.55%$500-6 Month IRA
0.55%$500-6 Month Roth IRA
0.55%$500-6 Month CESA
0.50%$500-12 Month IRA
0.50%$500-12 Month Roth IRA
0.50%$500-12 Month CESA
0.40%$500-8 Month IRA
0.40%$500-9 Month IRA
0.40%$500-11 Month IRA
0.40%$500-8 Month Roth IRA
0.40%$500-9 Month Roth IRA
0.40%$500-11 Month Roth IRA
0.40%$500-8 Month CESA
0.40%$500-9 Month CESA
0.40%$500-11 Month CESA
0.30%$500-75 Day IRA
0.30%$500-3 Month IRA
0.30%$500-4 Month IRA
0.30%$500-75 Day Roth IRA
0.30%$500-3 Month Roth IRA
0.30%$500-4 Month Roth IRA
0.30%$500-75 Day CESA
0.30%$500-3 Month CESA
0.30%$500-4 Month CESA

Rates updated: 5/24/2012

Data for Q1 2012


Institution Statistics


Clifton Savings Bank
OTS #01997
FDIC Certificate #28633
BankRate ReportView
Year Established1928
Employees97
Primary RegulatorOCC

Assets and Liabilities

Assets$1.09 billion
Loans$436.33 million
Deposits$841.70 million
Equity Capital$159.60 million
Loan Loss Allowance$2.09 million
Unbacked Noncurrent Loans$3.77 million
Real Estate Owned$743,000

Historic Data - March 2011

Assets$1.12 billion
Equity Capital$158.57 million
Loan Loss Allowance$1.88 million
Unbacked Noncurrent Loans$3.21 million
Real Estate Owned$896,000

Profit Margin - Quarterly

Net Interest Margin2.34%
Return on Assets0.71%
Return on Equity4.95%
Interest Income$9.89 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Clifton Savings Bank had $4.52 million in non-current loans and owned real-estate with $161.69 million in equity and loan loss allowances on hand to cover it. This gives Clifton Savings Bank a Texas Ratio of 2.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Clifton Savings Bank held steady from 2.56% as of March 31, 2011 to 2.79% as of March 31, 2012, resulting in a negative change of 9.14%. This indicates that the balance sheet and financial strength for Clifton Savings Bank has held steady in recent periods.
Deposit Growth2
In the past year, Clifton Savings Bank has decreased its total deposits by -$11.95 million, resulting in -1.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Clifton Savings Bank has shown is below average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Clifton Savings Bank has $1.09 billion in assets with $161.69 million in equity, resulting in a capitalization level of 14.83%, which is excellent.
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Honest Folks Who Have A Brain
5 stars - Bobes - Thursday, May 12, 2011 - 12:27 PM

My experience with Clifton Savings Bank was with a mortgage a few years ago. Their staff are knowledgeable, courteous, and helpful. I really appreciated the fact that I could have a real conversation with them and I know their home loan department are the kind of people who will try to work with you if you fall on hard times. After a courteous meeting with their home loans department, I was pre-qualified for a loan. I found them very helpful in answering questions about the loan or about viewing mortgage activity online. You will need to look into personal banking products yourself, but in terms of home loans and customer service, this bank was a pleasure to work with.

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