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 Adds Jersey First eSavings, 2.50% APY - 8/10/2019

Amboy Direct has unveiled its Jersey First eSavings account (2.50% APY, up to $50k) with a one year rate guarantee. $100 min deposit.

2.50% APY - Jersey First Esavings - 8/2/2019 Earn a great, guaranteed 2.50% APY* for one year Open with just $1 Exclusive to New Jersey residents FDIC Insured * Everyday Bonus: 2.50% annual percentage yield (APY) on $1-$50,000, $50,001-$250,000 earns 2.50% to 2.00% APY. Fees may reduce earnings. One offer per new NJ Amboy Direct household. Offer may be modified without notice. $1 to open; $250,000 maximum. APYs in chart based on $2,500 balance, Ratewatch survey 7/15/19. Not available at Amboy branches. Offer code required. Member FDIC.

Money Market Max More, 2.25% APY - NJ Only - 12/20/2018

Rate guaranteed for 12 months following opening. $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

View all posts from:

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 (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 - YTD2.21%
Return on Equity - YTD13.84%
Annual Interest Income$46.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.30B$2.33B
LoansQ2 2019vs Q2 2018$1.64B$1.73B
DepositsQ2 2019vs Q2 2018$1.88B$1.94B
Equity CapitalQ2 2019vs Q2 2018$378.4MM$361.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$32.9MM$32.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$20.3MM$39.3MM
Real Estate OwnedQ2 2019vs Q2 2018$23.7MM$32.1MM
  User-submitted Promotions & Notices

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.

2.50% APY - Jersey First Esavings

AmboyBank Amboy Direct   |

Earn a great, guaranteed 2.50% APY* for one year
Open with just $1
Exclusive to New Jersey residents
FDIC Insured

* Everyday Bonus: 2.50% annual percentage yield (APY) on $1-$50,000, $50,001-$250,000 earns 2.50% to 2.00% APY. Fees may reduce earnings. One offer per new NJ Amboy Direct household. Offer may be modified without notice. $1 to open; $250,000 maximum. APYs in chart based on $2,500 balance, Ratewatch survey 7/15/19. Not available at Amboy branches. Offer code required. Member FDIC.

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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

2.50%*$1$50kJersey First eSavings
OTHER TIERS: 1.88% $50k - $250k
1.51%*$3k*$100kPersonal eSavings Account
OTHER TIERS: 0.30% $300 - $3k

Amboy Direct Money Market Rates

1.76%*$30k*$250kMoney Market Max More - NJ only
OTHER TIERS: 0.40% $5k - $30k
1.51%*$25k*$250kBusiness Money Market Maximizer - NJ only
OTHER TIERS: 0.75% $5k - $25k

Amboy Direct CD Rates

2.63%$25k$500kTreasury Index 2 Year CD - Quarterly (New Money)
2.05%*$10k*$250k12 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 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.