Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
NVE Bank (NJ)1.20%$1k-72 Month CD
Accounts mentioned in this post. Rates as of April 19, 2014

Competitive Long-Term CD Rate at NVE Bank in New Jersey - Local Only

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NVE Bank (NJ)

Its short-term CD rates are low, but NVE Bank has one long-term CD rate that's very competitive. It's a 6-year CD and IRA CD with a 3.10% APY. Minimum deposit is $1,000, and the early withdrawal penalty is 9 months of interest. This 72-month rate and early withdrawal penalty are listed in the bank's CD/IRA Rates page as of 7/5/2011.

One interesting thing about this bank is that it's a mutual bank. As described in the bank's president message, "NVE Bank is an independent mutual bank. This means we do not issue stock or exist to maximize returns for stockholders or Wall Street." This may help keep fees to a minimum. The bank does offer a totally free checking account.

It appears a branch visit is required to open an account. NVE Bank branches are located in several cities of northeast New Jersey.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 24.64% (average) based on March 2011 data. Please refer to our financial overview of NVE Bank for more details. The bank has been a FDIC member since 1938 (FDIC Certificate # 29875).

Best CD Rates Nationwide and in Your State

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com. Make sure to note the bar above the rate table. It will indicate whether you are displaying accounts available nationwide or in your state. You can change this setting by selecting the "Filter Accounts" button and adjusting the setting in the Availability section.

  Tags: NVE Bank (NJ), New Jersey, CD rates, IRA rates

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