Amboy Direct
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.05% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 1.51% | Savings | 2.20% - Barclays Online Savings Account |
| 2.90% | 2-year CD | 2.80% - Barclays 24 Month Online CD |
Amboy Direct is the 374th largest bank in the nation. It was established in 1888 and as of December of 2018, it had grown to 268 employees. Amboy Direct's savings rates are 3X the national average, and it has a B+ health rating.
Related Posts
7/19 - 12 Month CD 1.65%. $10K - $250K.
6/30 - Email Offer Of 12 Month CD 1.51%
6/16 - Amboy Direct (NJ) Raises 12-Month Add-On eSavings CD
4/5 - Amboy Direct's 12-Month CD Has Additional Deposit Option
1/26 - Amboy Direct Introduces Money Market Max More With Competitive Rate
1/25 - Amboy Direct Money Market Max More - 1.27% APY > $40K
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
Interest On CD
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
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.
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6423 |
| Year Established | 1888 |
| Employees | 268 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.64% |
| Return on Equity - YTD | 10.9% |
| Annual Interest Income | $93.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $2.31B$2.47B |
| Loans | Q4 2018vs Q4 2017 | $1.66B$1.78B |
| Deposits | Q4 2018vs Q4 2017 | $1.92B$2.04B |
| Equity Capital | Q4 2018vs Q4 2017 | $352.5MM$349.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $32.2MM$30.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $14.2MM$23.0MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $26.1MM$35.2MM |
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.
Money Market Max More, 2.25% APY - NJ Only
$100 minimum opening deposit.
Only offered to New Jersey residents.
Balance Requirements Interest Rate APY
$40,000 to $250,000 2.23% 2.25%
$5,000 to $39,999 .40% .40%
0 to $4,999 NA NA
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.51%* | $3k* | $100k | Personal eSavings Account | ||
| OTHER TIERS: 0.30% → $300 - $3k | |||||
Amboy Direct Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.25%* | $30k* | $250k | Money Market Max More - NJ only | ||
| OTHER TIERS: 0.40% → $5k - $30k | |||||
| 1.51%* | $25k* | $250k | Business Money Market Maximizer - NJ only | ||
| OTHER TIERS: 0.75% → $5k - $25k | |||||
Amboy Direct CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.90% | $25k | $500k | Treasury Index 2 Year CD - Quarterly Rate | ||
| 2.05%* | $10k* | $250k | 12 Month eSavings CD | ||
| OTHER TIERS: 0.30% → $300 - $10k | |||||
Amboy Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 3590 Nj Highway 9 South - Old Bridge, NJ 08857