Blue Foundry Bank


Overview / Commentary
201-939-5000
25 Orient Way
Rutherford, NJ 07070

At Boiling Springs Savings Bank, they believe that true community banking means providing their customers with the best solutions to their financial needs through superior personal and professional service provided by a staff of dedicated people. It also means being a part of the community. They strive to support their communities by making a positive impact on the organizations and neighborhoods within their market.

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Reviews (2)

NO STAR RATING

Posted by: Anonymous | Jun 8, 2011

I went to Boiling Springs last year to close out a CD that was set up almost 20 yrs ago when my great-grandmother passed away. Since it was the last day of the period allowed, and we did not have a passbook, we were told that we could close the account and pay $10 for the account not having a passbook or they would put a note in the system and next year we would not have any problems. Well, guess what....

Passbooks were not issued because of how the account was opened and when I went to get the money this year, again same issue with the passbooks. The only note put on the account last year was that we came to take it out of a dormant state. They will not let me close the account without a passbook and are going to charge me $10 because I "lost" a passbook that was never issued! First off, to charge me a $10 fee for a passbook is ABSURD and then to make me have one to close the account is even more ridiculous! THIS BANK IS CRAP. I have 4 other accounts in this bank and they are all being closed.

Do yourself a favor, find another bank before they find some reason to charge you for ridiculous things.

My Rating For This Bank Is A Zero

Posted by: Anonymous | May 29, 2010

My rating for this bank is a zero.  I approached the mortgage department asking for a reprieve for 2 months because I have a seasonal business.  I paid my mortage promptly for 15 years but had a rough patch.  They treated me like shit and were anxious to trash my credit.  They keep sending me late fees for a balance of $3,000.  Go to Wachovia in Rutherford  and ask for Lina.  This is the best bank and they care about their customers.  Boiling Springs Savings Bank rates a zero in my book.  I will tell all my friends.



Health

Health Grade Components

Overall
FDIC Certificate #30052
Year Established1939
Employees209
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD4.5%
Annual Interest Income$32.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.72B$1.71B
LoansQ2 2019vs Q2 2018$1.45B$1.46B
DepositsQ2 2019vs Q2 2018$1.27B$1.32B
Equity CapitalQ2 2019vs Q2 2018$223.1MM$213.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$13.3MM$13.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.8MM$3.9MM
Real Estate OwnedQ2 2019vs Q2 2018$1.2MM$2.3MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Blue Foundry Bank; 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.

Blue Foundry Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Simply-Safe Savings
OTHER TIERS: 0.40% Up to $50k
0.50%--AxisSavings
0.50%--IRA Axis Savings
0.15%--Holiday Savings Club Account
0.15%--Special Occasion Savings Account

Blue Foundry Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$250k*-Magnum Money Market Checking
OTHER TIERS: 0.40% $25k - $100k | 0.50% $100k - $250k
0.75%--AxisMoneyMarketChecking

Blue Foundry Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$1-IOLTA Fund
0.40%--Axis Checking
0.10%--Classic Checking

Blue Foundry Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-24 Month CD
2.10%$1k-36 Month CD
2.10%$1k-60 Month CD
2.10%$1k-12 Month CD Special w/ AxisChecking-Bonus
2.10%$1k-48 Month CD
2.00%$5k-200 Day CD Special w/ AxisChecking-Bonus
1.60%$1k-12 Month CD
0.75%$1k-6 Month CD

Blue Foundry Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.18%$250-18 Month Variable IRA
2.10%$1k-24 Month IRA
2.10%$1k-36 Month IRA
2.10%$1k-60 Month IRA
2.10%$1k-48 Month IRA
1.60%$1k-12 Month IRA
0.75%$1k-6 Month IRA
Locations

Sorry, but we do not have location data for Blue Foundry Bank. Its headquarters is located at 25 Orient Way - Rutherford, NJ 07070

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