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.
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.
I noticed it was indexed ... 3 Month Treasury Rate + 0.50%.
3M treasury trajectory tracks the Fed funds rate. The Fed is likely to start cutting by early next year. So that 5.80% will likely be below 4.80% after the 2 years. Sneaky.
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.
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
Overall | |
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FDIC Certificate # | 6423 |
Year Established | 1888 |
Employees | 215 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 2.8% |
Return on Equity - YTD | 24.18% |
Annual Interest Income | $29.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $2.63B$2.83B |
Loans | Q1 2023vs Q1 2022 | $1.62B$1.51B |
Deposits | Q1 2023vs Q1 2022 | $2.20B$2.48B |
Equity Capital | Q1 2023vs Q1 2022 | $308.8MM$300.7MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $28.5MM$32.0MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $7.5MM$15.5MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $2.2MM$3.3MM |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.82%* | $1 | $100k | Jersey First eSavings | ||
OTHER TIERS: 2.05% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.82% | $5k | $250k | Business Money Market Maximizer - 12 Month Bonus Rate New Money - NJ only | ||
3.82%* | $30k* | $250k | Money Market Max More - NJ only | ||
OTHER TIERS: 0.30% → $5k - $30k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
5.30% | $25k | $500k | Treasury Index 2 Year CD - Quarterly (New Money) | ||
4.00%* | $10k* | $250k | 12 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