Amboy Direct

Overview / Commentary
3590 U.S. Highway 9
Old Bridge, NJ 08857

From the Bank

Amboy Bank is a full-service institution for retail and commercial clients, with its Amboy Direct division serving the online-only space. Founded in 1888, Amboy has been voted Best Bank for more than 20 consecutive years. Amboy operates more than 20 branches throughout central New Jersey.

Related Posts

Amboy Direct Offers Nationwide 4.91% 2-Year Treasury Index CD - 1/24/2023

If you are in the camp that believes 3-Month Treasury rates will hold/go higher, this may be a reasonable investment to consider. Here is a summary from the Amboy Direct web site. Earn More with a Variable Rate CD Typical Certificates of Deposit (CDs) come with a fixed rate. In periods of diminishing rates, it may be attractive to lock in a rate before they decline further. But if you think rates may go up in the future, our 2-Year Treasury Index CD comes with a variable rate that is adjusted on a quarterly basis! Your rate is indexed to the Wall Street Journal 3 Month Treasury rate plus a 0.50% margin. As this index rate moves, so does the rate on your CD. Variable rate Indexed to 3 Month Treasury Rate + 0.50% Open with just $100 Add funds during first 30 days FDIC Insured By the way, this CD is available nationwide as addressed in this FAQ question and answer. Do I need to be a New Jersey resident to open a Treasury Index CD? No

Jersey First Esavings Account - NJ Residents Only - 10/18/2022

I no longer live in NJ and don't have an account there anymore, but I'm still on their email list. If anyone understands this deal, you're better than me! "3.25% six month bonus interest rate on $1 - $100,000 with a combined annual percentage yield (APY) of 2.39%; $100,000-$250,000 earns between 2.39% and 1.35% APY. Non-bonus APYs may change daily. Fees may reduce earnings. NJ residents only. One offer per new Amboy Direct household. Offer may be modified at any time without notice. $1.00 to open, $250,000 maximum. Not available at Amboy branches. Member FDIC."

View all posts from:

12/11/20 - Amboy Direct eSavings Easy $50 Bonus
12/19/19 - Amboy Direct Jersey First eSavings Offers 2.10% APY For A Year
12/19/19 - 2.10% APY Savings Account - Guaranteed For 1 Year
8/10/19 - Amboy Direct Adds Jersey First eSavings, 2.50% APY
8/2/19 - 2.50% APY - Jersey First Esavings
12/20/18 - Money Market Max More, 2.25% APY - NJ Only
7/20/17 - Amboy Direct 12-month Add-on eSavings CD Available Nationwide
7/19/17 - 12 Month CD 1.65%. $10K - $250K.
6/30/17 - Email Offer Of 12 Month CD 1.51%
6/16/17 - Amboy Direct (NJ) Raises 12-Month Add-On eSavings CD
4/5/17 - Amboy Direct's 12-Month CD Has Additional Deposit Option
2/14/15 - Money Market Max More Is Available Only To NJ Residents.
1/26/15 - Amboy Direct Introduces Money Market Max More With Competitive Rate
1/25/15 - Amboy Direct Money Market Max More - 1.27% APY > $40K
2/6/14 - Amboy Direct Anytime Access CD
7/29/13 - $50 New Account Bonus At Amboy Direct
12/10/12 - New Amboy Direct Money Market Promotion for New Jersey Residents
6/8/12 - Amboy Direct Savings & Money Market Promotions for NJ Residents
5/4/12 - Amboy Direct Savings Account Promotion for New Customers
11/4/10 - $50 Savings Account Bonus at Amboy Direct - New Jersey Only
11/7/09 - $50 Bonus for Amboy Direct's eSavings Account Continues - Nationally Available
10/11/09 - Amboy Direct Increases Rate of 12-Month Add-On CD to 2.10% - Available Nationwide
10/10/09 - Amboy Direct's New Add-On CD (eSavings Time Deposit) - Nationally Available
9/22/09 - 2.35% 12-Month Add-On CD at Amboy Direct - Nationally Available
8/17/09 - Update on Amboy Direct Savings Accounts, Bonuses and CDs
4/9/09 - New Monthly Fees for Premium Online Savings Accounts at Amboy Direct
4/9/09 - $50 Bonus for AmboyDirect's eSavings Account
4/9/09 - Amboy Direct's Premium Savings Account Now 5.15%
2/5/09 - Amboy Direct Lowers Rates on Premium Online Savings Account
1/21/09 - 4.00% 9 & 12-Month CD and Other Specials at an Amboy Bank Branch in New Jersey
1/11/09 - 6.00% 3-Month Money Market Promotion at Amboy Direct New Jersey
12/6/08 - 4.25% Money Market Promotion with 5-Month Guarantee at AmboyDirect (NJ Only)
7/3/08 - Update on Amboy Direct Savings Accounts - New Rates and $50 Bonus
10/29/07 - Amboy Direct Premium Online Savings Account Update
10/27/07 - Update on Amboy Direct's 6% 3-Month Promo for NJ and the Premium Savings Account Bonus
4/4/07 - Amboy National Bank's Websites May Have Been Hacked
1/17/07 - Amboy Direct Premium Savings Now 5.35% for $20K+
12/14/06 - 5.50% 12-Month CD for Amboy Direct's Savings Account Customers
9/18/06 - Amboy Direct Premium Online Savings Account Bonus Update
9/13/06 - Amboy Direct Raises Premium Savings Account Rate to 5.25%
8/25/06 - $25 Bonus Now Available for Amboy Direct's 5.15% Premium Savings Account
6/27/06 - Amboy's No-Min Online Savings Account Now 5.05%
4/30/06 - Amboy's New No-Min Online Savings Account at 4.75%
12/16/05 - 5% Money Market Intro Rate
11/3/05 - AmboyDirect Bank Increases Rates
10/10/05 - Amboy Direct Signup Bonuses

Reviews (8)

Interest On CD

Posted by: |

I just checked on a CD that I bought in June 2017. The statement shows Interest Accrued but no monthly breakdown. On the other hand, the statement does show the Forfeiture Amount. Other than that, things have been fine. Account was easy to set up on line. Transfer was also easy. Bank of America never contacts me to find out why large sums of money are transferred out of my account within days of deposit. If they offered decent CD rates that wouldn't happen! I am not going to let my money sit in a checking account that is getting .01% when I can get 1.51 at Amboy. Just got 1.87 at Advancial CU. Pain to set up an account at a cu but worth the interest.

Amboy Direct-Great Experience!

I have nothing but good things to say about Amboy Direct. Everyone that I have dealt with has been wonderful and very helpful. I have also tried some other internet banks and Amboy is by far the best. The way Amboy Direct is set up is perfect for the way I like to bank. There is never any hassle and if there are small problems they are solved right away.

Ataboy Amboy

Posted by: |

I've been banking with Amboy Direct for more than 10 years now. When I first started banking with them, I was really happy with the fact that I would be getting 4.0% interest on my savings account. But that started dropping fast over the years and it is now at 0.80%. To put that in perspective. I've got over $70,000 saved up now and only made a little over $43 in interest last month. That is a crying shame. Still, that beats the minuscule percentage rate that I was getting from Bank of America. But I miss those days of higher interest rates. Unfortunately, even though online banks give you a slightly higher interest rate, it's still not very much, and all the online bank rates are about equal with Amboy. That being said, I've never had any problems with them doing deposits and withdrawal. And the couple times I've spoke to customer service on the phone, they were very polite and answered all my questions.

All this being said, I would recommend Amboy Direct online banking to a friend or family since it beats making pennies in interest at brick and mortar banks. But I sincerely hope that in the near future their savings account interest rates start to rise again.


Posted by: |

Just want to alert other customers to the fact that this bank only allows linkage to one external account and it has to be from inside. You cannot have a link at an external account. They won't even disclose their routing number. When I found out, I immediately cancelled/withdrew my application. Had never heard anything like that. Unacceptable.


Posted by: |

Horrible Bank. held my account hostage. Horrible products, horrible technology. Was going to file complaint with department of Banking and Insurance but they dont do anything. If i could sue i would. would give them -10 stars if it was an option. DONT WASTE UR TIME AND MONEY WITH THIS BANK

Horrible! Antiquated With Lot Of Red Tape

Posted by: |

Horrible! Antiquated online banking platform. probably worst in the industry (at least I haven't seen anything worse). Nearly impossible to make any changes to a linked account without going through ton of red tape and filling out a form after form. If you want to withdraw your funds quickly - good luck. Avoid at all costs. I am not sure why regulators wouldn't look into these predatory practices

Another Way To Block Withdraw

Posted by: |

There are more ways for Amboy Direct to prevent you from withdrawing your money. I was told to log into my account and was supposed to see a "banner" to verify my linked bank account, but there was none and nowhere to verify. I called customer service and was told that there was an unknown issue that she couldn't solve, and needed her supervisor to look at what was wrong. And of course the supervisor wasn't there, I have to wait until Monday when she is back. I'm no longer surprised by what kinds of "reasons" that I can't withdraw my money. I can't wait to get out of this, but have to see what other excuses they will find to prevent me from withdrawing MY money.

Used To Be A Good Bank

This used to be a good bank. Amboy Direct wants to be an online or internet only provider but they lack the tools to offer an effective product and experience. The web experience has only the most rudimentary of features and is quite limiting. Unfortunately letters, calls and emails to the bank go unanswered leaving effectively ZERO customer service. I did finally reach one representative who was wholly unsympathetic to my needs and referred me to the anonymous email address which they don't answer or support.

There are better places to park your money.


Health Grade Components

FDIC Certificate #6423
Year Established1888
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD7.07%
Annual Interest Income$38.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.81B$2.62B
LoansQ2 2022vs Q2 2021$1.53B$1.61B
DepositsQ2 2022vs Q2 2021$2.47B$2.20B
Equity CapitalQ2 2022vs Q2 2021$290.7MM$372.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$33.2MM$31.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$15.0MM$9.3MM
Real Estate OwnedQ2 2022vs Q2 2021$4.2MM$8.5MM
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Amboy Direct; 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.

Amboy Direct Savings Account Rates

2.22%*$1$50kJersey First eSavings
OTHER TIERS: 1.87% $50k - $250k

Amboy Direct Money Market Rates

2.27%*$30k*$250kMoney Market Max More - NJ only
OTHER TIERS: 0.30% $5k - $30k
1.51%$5k$250kBusiness Money Market Maximizer - 12 Month Bonus Rate New Money - NJ only

Amboy Direct CD Rates

4.91%$25k$500kTreasury Index 2 Year CD - Quarterly (New Money)
3.50%*$10k*$250k12 Month eSavings CD - New Money
OTHER TIERS: 0.30% $100 - $10k

Amboy Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 3590 U.S. Highway 9 - Old Bridge, NJ 08857

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.