1st Constitution Bank is headquartered in Cranbury and is the 24th largest bank in the state of New Jersey. It is also the 706th largest bank in the nation. It was established in 1989 and as of December of 2016, it had grown to 199 employees at 19 locations. 1st Constitution Bank's savings rates are 25% higher than the national average, and it boasts an A+ health rating.
Related Posts
3/27 - 1st Constitution Direct Increases Savings Account Rate for New Customers
2/25 - The Best Savings Account with a History of Top Rates
2/4 - 1st Constitution Direct Savings Account Promo Rate Falls
Great Small Bank
If you like me are tired of big banks that only think about their profits and don't know or care about you, this is the place for you.
I have been banking with this bank at the Hightstown, NJ office for years and find it to be excellent. When I go there, which doesn't happen very often, they know who I am. They take their time to talk to me if I have an issue that I want to discuss and I always have a feeling that they care about giving me the best service they can. A number of times when I had a small overdraft they cancelled the fee for it. I had a very bad experience before with a big bank (I won't mention a name) before and I'm so happy that I switched.
1St Constitution's Customer Service Is.....
We have banked with many banks over the years and found this bank to be below what is reasonably acceptable when it comes to customer service. Yes, they do make mistakes and they are not willing to fix or apologize for them. Not sure how they are "growing" with this type of customer service. I suggest you read all the fine print and ask to meet upper management before you make any sizable investment of your time and money at their bank. This bank is totally micro-managed and the branch level employees are merely there to meet and greet. Making any decisions or helping you work through a problem may land you in the "please don't bother" department. Beware!
We Have Been Dealing With This Bank For Many Years Without A Problem
We have been dealing with this bank for many years without a problem. However we recently had a problem with an account and two employees blew us off. First they told us we were wrong, then later on they admitted that we were correct and they would fix the problem. They didn't take care of it. We went to a third employee who we'd known for many years and she said she qould help and eventually she did.
I was very disappointed in not only the lack of expertise of bank "managers" but also the lack of concern over my account. The fact that the two employees were incorrect was not as bothersome as the fact that they told me that it had been corrected when in fact it hadn't.
Data as of Q4 2016
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27552 |
| Year Established | 1989 |
| Employees | 199 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 8.21% |
| Annual Interest Income | $40.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2016vs Q4 2015 | $1.04B$968.0MM |
| Loans | Q4 2016vs Q4 2015 | $732.1MM$680.6MM |
| Deposits | Q4 2016vs Q4 2015 | $835.0MM$786.8MM |
| Equity Capital | Q4 2016vs Q4 2015 | $120.3MM$111.6MM |
| Loan Loss Allowance | Q4 2016vs Q4 2015 | $7.5MM$7.6MM |
| Unbacked Noncurrent Loans | Q4 2016vs Q4 2015 | $5.2MM$6.0MM |
| Real Estate Owned | Q4 2016vs Q4 2015 | $166.00K$966.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
1St Constitution Bank [NJ] $200 Checking Account Bonus
Bonus Requirements:
A ) Open a new Easy Pay Checking account online only, which is subject to approval;
B) Deposit $100 or more at account opening;
C) Have your direct deposit made to this account within 60 days of account opening; and
D) present your coupon with offer code WELCOME200 when you submit your signature card.
Offer expires on May 15, 2017
https://www.1stconstitution.com/promo/
Always verify rates and promotions with the bank or credit union. We are not 1st Constitution Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
1st Constitution Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.65%* | $10k* | - | 1st Choice Super Savings | ||
| OTHER TIERS: 0.20% → Up to $10k | |||||
1st Constitution Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.65%* | $10k* | - | 1st Choice Checking | ||
| OTHER TIERS: 0.20% → Up to $10k | |||||
1st Constitution Bank has 19 locations. Click to view all 1st Constitution Bank locations.