Amboy Direct Introduces Money Market Max More With Competitive Rate



Residents of New Jersey

Amboy Direct, the internet arm of Amboy Bank (New Jersey) has introduced its new Money Market Max More account, which earns 1.27% APY on balances between $40K and $250K. Balances between $5K and $39,999 earn 0.25% APY. (While the Money Market Max More account can be opened with a $100 deposit, $5K is the minimum eligible balance to earn any interest).

This a promotional offer and, as stated on Amboy Direct’s Money Market Max More page, the APY is guaranteed for six months.

Thanks to DA member, Michael Greiner, for his Forum posting about this Money Market Max More deal!

Anytime Access CD

Amboy Direct continues to offer its Anytime Access CD (1.15% APY $10K-$100K), which I first wrote about in a February 2014 posting. Details on the Anytime Access CD can be found here, but essentially it’s a 3-year CD that allows you to withdraw (penalty free) up to 25% of the original balance each year. While you can make the withdrawal at any point during the year, you are only allowed one withdrawal per year.

1.20*%$10k$100kAmboy DirectAnytime Access CD
Accounts mentioned in this post. Rates as of February 24, 2017.


Amboy Direct is the internet division of Amboy Bank, a New Jersey full-service commercial bank that is headquartered in the Township of Old Bridge. Accounts at Amboy Direct are available to New Jersey residents (18 years or older) who are U.S. Citizens or U.S. Resident Aliens.

Opening a Money Market Max More account can be done online, by mail, or by phone (877-22AMBOY). The Mail-In Application is available for download.

Bank Overview

Amboy Direct has an overall health rating of "B" at, with a Texas Ratio of 35.69% (average), as of September 30, 2014. Amboy Direct has an excellent capitalization level of 13.97%, a result of holding $2.15 Billion in assets, with $300.58 Million in equity. Please refer to our financial overview of Amboy Direct for more details.

Amboy Direct’s parent company, Amboy Bank, was founded in 1888 and has grown into a multi-billion dollar institution, with over 20 branches across central New Jersey. Amboy Direct was established as a division of the Bank in 1995, and became an internet banking service in 2003.

How Money Market Max More Compares

While the 1.27% APY is not the highest for comparable Money Market Accounts available to New Jersey residents, the higher maximum balance ($250K) is 5 times higher than EverBank’s Money Market Account, making Money Market Max More very competitive.

The above rates are accurate as of 1/26/2015.

To look for the best nationwide Money Market rates and the best Money Market rates in your state, please refer to our Money Market rates table.

A friend
A friend   |     |   Comment #1
Come on Ken, get your act together.  You table of interest rates available to New Jersey residents is incomplete to the point of negligence. You left out Capital One which has a six month intro rate of 1.25% for sic month (Min 25k) and Oritani bank 1.25% good until August 2.  I could list additional banks with equal or higher interest rates available to NJ residents but you get the point.

Ken, you have listed the two previous examples in your blog.  What explains your negligence here in failing to list them?  The other three banks with equal or higher rates have not been mentioned in your blog.
Anonymous   |     |   Comment #3
Ken, Kindly adjust your settings as I am a Florida resident and when I did a search on mm rates over 50k available nation wide with eazy access AMBOY came up as number 1...Thank You
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