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Overview / Commentary
3590 Nj Highway 9 South
Old Bridge, NJ 08857

Amboy Direct is the 359th largest bank in the nation. It was established in 1888 and as of June of 2016, it had grown to 268 employees. Amboy Direct's savings rates are 54% higher than the national average, and it has an A health rating.

Related Posts

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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
11/21/11 - 4 Internet Banks That Offer Flexible CDs
11/4/10 - $50 Savings Account Bonus at Amboy Direct - New Jersey Only
10/11/09 - Amboy Direct Increases Rate of 12-Month Add-On CD to 2.10% - Available Nationwide
8/17/09 - Update on Amboy Direct Savings Accounts, Bonuses and CDs
11/7/09 - $50 Bonus for Amboy Direct's eSavings Account Continues - Nationally Available
9/22/09 - 2.35% 12-Month Add-On CD at Amboy Direct - Nationally Available
4/9/09 - New Monthly Fees for Premium Online Savings Accounts at Amboy Direct
10/10/09 - Amboy Direct's New Add-On CD (eSavings Time Deposit) - Nationally Available
1/21/09 - 4.00% 9 & 12-Month CD and Other Specials at an Amboy Bank Branch in New Jersey
12/6/08 - 4.25% Money Market Promotion with 5-Month Guarantee at AmboyDirect (NJ Only)
4/9/09 - $50 Bonus for AmboyDirect's eSavings Account
7/3/08 - Update on Amboy Direct Savings Accounts - New Rates and $50 Bonus
2/5/09 - Amboy Direct Lowers Rates on Premium Online Savings Account
10/27/07 - Update on Amboy Direct's 6% 3-Month Promo for NJ and the Premium Savings Account Bonus
10/29/07 - Amboy Direct Premium Online Savings Account Update
4/4/07 - Amboy National Bank's Websites May Have Been Hacked
1/11/09 - 6.00% 3-Month Money Market Promotion at Amboy Direct New Jersey
12/14/06 - 5.50% 12-Month CD for Amboy Direct's Savings Account Customers
1/17/07 - Amboy Direct Premium Savings Now 5.35% for $20K+
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
4/9/09 - Amboy Direct's Premium Savings Account Now 5.15%
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)

Only New Jersey Residents

Posted by: djc314 | Feb 13, 2015

Tried to open an account with them and filled out all the online information and received this:

Thank you for submitting a new account application on February 12, 2015 with Amboy Direct.

I apologize, but you must be a resident of the state of New Jersey to qualify for this product.

If you have additional questions or concerns, please email or contact me at 1(877) 222-6269.


Mindy Kenney

Amboy Bank Logo

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 - YTD1.69%
Return on Equity - YTD12.96%
Annual Interest Income$44.9MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$2.32B$2.29B
LoansQ2 2016vs Q2 2015$1.75B$1.52B
DepositsQ2 2016vs Q2 2015$1.76B$1.70B
Equity CapitalQ2 2016vs Q2 2015$304.9MM$288.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$28.9MM$29.5MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$10.0MM$12.8MM
Real Estate OwnedQ2 2016vs Q2 2015$29.7MM$80.9MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Amboy Direct Savings Account Rates

0.80%*$3k*$100kPersonal eSavings Account
OTHER TIERS: 0.30% $300 - $3k

Amboy Direct Money Market Rates

0.80%*$25k*$250kBusiness Money Market Maximizer
OTHER TIERS: 0.75% $5k - $25k
0.80%*$40k*$250kMoney Market Max More
OTHER TIERS: 0.25% $5k - $40k
0.65%*$30k*$250kPersonal Money Market Maximizer
OTHER TIERS: 0.25% $5k - $30k

Amboy Direct CD Rates

1.20%*$10k*$100kAnytime Access CD
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 Nj Highway 9 South - Old Bridge, NJ 08857