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3590 Nj Highway 9 South
Old Bridge, NJ 08857

Amboy Direct is the 355th largest bank in the nation. It was established in 1888 and as of September of 2017, it had grown to 268 employees. Amboy Direct's savings rates are 92% higher than the national average, and it has a B+ health rating.

Related Posts

Amboy Direct 12-month Add-on eSavings CD Available Nationwide - 7/20/2017

Amboy Direct is again offering its 12-month eSavings CD (1.51% APY) nationwide. Additional deposits allowed during the first 6 months. $10k min/$250k max deposit.

12 Month CD 1.65%. $10K - $250K. - 7/19/2017

https://www.amboydirect.com/home/personal/esavingscd/rates "New money, one offer/account per Amboy Direct household." Additions allowed during 1st 6 months. Need offer code which apparently can be obtained once you provide email address.

Email Offer Of 12 Month CD 1.51% - 6/30/2017

I received the following email offer from Amboy today. It allows additional deposits for the first 6 months. You're invited to open an Amboy Direct eSavings CD account You're invited to open an Amboy Direct eSavings CD account 1.51% APY for 1 year Minimum $10,000 Fill out our quick application using promotion code 601602. Click for more details or to apply. 12 month CD. $100 to open. Max. balance $250,000. Additional deposits may be made within 6 months of account opening. Balances from $10,000 to $250,000 earn 1.51% annual percentage yield (APY), $100 to $9,999 earn 0.30% APY. Early withdrawal penalties may apply. One offer per new Amboy Direct NJ household. Ratewatch Survey 6/12/17. Offer may be modified without notice. Offer code 601602 required. Not available at Amboy branches. Member FDIC. Mindy Kenney, AVP Amboy Direct Manager 877.22.AMBOY

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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 (4)

Interest On CD

Posted by: Abbie | Oct 22, 2017

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: Sandooch | Apr 25, 2016

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.


Health Grade Components

FDIC Certificate #6423
Year Established1888
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.53%
Return on Equity - YTD11.15%
Annual Interest Income$71.7MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$2.49B$2.38B
LoansQ3 2017vs Q3 2016$1.81B$1.79B
DepositsQ3 2017vs Q3 2016$1.96B$1.78B
Equity CapitalQ3 2017vs Q3 2016$376.9MM$313.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$28.2MM$29.2MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$16.4MM$9.4MM
Real Estate OwnedQ3 2017vs Q3 2016$37.8MM$36.4MM
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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

1.00%*$3k*$100kPersonal eSavings Account
OTHER TIERS: 0.40% $300 - $3k

Amboy Direct Money Market Rates

1.00%*$25k*$250kBusiness Money Market Maximizer - NJ only
OTHER TIERS: 0.75% $5k - $25k
1.00%*$20k*$250kMoney Market Max More - NJ only
OTHER TIERS: 0.40% $5k - $20k

Amboy Direct CD Rates

1.65%*$10k*$250k12 Month eSavings CD
OTHER TIERS: 0.40% $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