Atlantic Stewardship Bank Has Nationally Available 20-Month CD


Deal Summary: Special 20-Month Power CD, 1.70% APY, $500 minimum.

Availability: Nationwide

New Jersey-based Atlantic Stewardship Bank (ASB) has raised the rate on its nationally available Special 20-Month Power CD to 1.70% APY. The minimum opening deposit is $500, with no stated balance cap.

This CD has two “Special Powers”: a one-time rate bump-up option (initiated by the customer) and a one-time additional deposit feature (equal to, but not greater than the opening deposit).

Following maturity, the Special 20-Month Power CD converts to an 18-23 Month CD, which currently earns 0.45% APY.

This 20-month CD is also offered as an IRA (Traditional, Roth, CESA), with the same bump-up and add-on options, but earning a lower 1.31% APY.

According to CSR, the Early Withdrawal Penalty for any ASB CD with a term longer than 12 months is six months interest.


Headquartered in Midland Park, New Jersey, Atlantic Stewardship Bank offers a portion of its product line (including the Special 20-month Power CD) to all U.S. citizens and resident through its online application.

The Bank has eleven northern New Jersey branches located in Hawthorne, Midland Park, Montville, North Haledon, Pequannock, Ridgewood, Waldwick, Wayne (2), Westwood, and Wyckoff, to open any non-online accounts.

Bank Overview

Atlantic Stewardship Bank has an overall health grade of "A" at, with a Texas Ratio of 1.24% (excellent) based on March 31, 2017 data. In the past year, ASB has increased its total non-brokered deposits by $58.07 million, an excellent annual growth rate of 9.6%. Please refer to our financial overview of Atlantic Stewardship Bank (FDIC Certificate # 26390) for more details.

Atlantic Stewardship Bank is currently the 33rd largest bank headquartered in New Jersey, with assets in excess of $842 million and more than 65,600 customer accounts. Founded in 1985, the Bank’s mission is two-fold: “to provide quality financial service to both businesses and individual consumers,” and “to tithe, or share, 10% of its profits annually with Christian and other local nonprofit organizations.” ASB has given back more than $9.3 million to a variety of nonprofits since the program began.

How the Special Power CD Compares

When compared to the 144 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available nationwide, Atlantic Stewardship Bank’s Special 30-month Power CD APY currently ranks second. The bump-up and add-on options only add to its intrinsic value.

The above rates are accurate as of 8/11/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: New York CD rates, 5-year CD rates, nationwide deals

High-Yield Reward Checking Account at Atlantic Stewardship Bank in New Jersey

Update 5/28/10: The top rate has fallen to 3.75% APY.

Atlantic Stewardship Bank is offering a reward checking account called Power Rate Checking. The account offers the following features if certain monthly requirements are met:

  • 3.75% APY on balances up to $25,000
  • 0.90% APY on balances over $25,000
  • 0.25% base rate if qualifications are not met
  • ATM refunds nationwide without limit

The monthly requirements include:

  • 10 MasterCard debit card purchases
  • one direct deposit or automatic payment
  • receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • $1 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
  • Multiple accounts allowed...
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