Columbia Bank (NJ)
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written by Ken Tumin
\r\nBanks and credit unions are battling it out for deposits...\r\nSee More\r\n
\r\nBanks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.
\r\n See Less\r\nBanks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.
\r\nwritten by Ken Tumin | Updated on September 21, 2022
\r\nHigh-yield reward checking rates are now at 5-year highs based on our analysis of accounts from 1,023 banks and credit unions. Refer to the bottom of this page to learn more about these high-yield checking accounts and the 5-year highs.
\r\n","StateBlurb":"Compare rates on reward checking accounts in [state].. Our system checks the rates of many national banks as well as regional banks in [state] every day to provide you with a single list of current interest bearing checking account rates in your area. If we have missed a local bank in your area please let us know by using the email link below.","Active":true,"MinAmount":0.0000,"MaxAmount":999999999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":null,"Tags":"reward,-health,-youth,-club,-misc,-relationship","PageTitle":"Reward Checking Account Rates | High Yield Rewards Checking Accounts","StatePageTitle":"[state] Reward Checking Account Rates","DefaultAmount":5000.0000,"Meta":"Compare rates on high yield reward checking accounts that offer significantly higher rates than traditional checking accounts. ","StateMeta":"","Article":"","ShortName":"Reward Checking","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":true,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/checking/reward-checking-accounts.html","TagArray":["reward"],"NegativeTagArray":["health","youth","club","misc","relationship"]},"Ad":null,"NationalRate":2.4736,"Score":260.0},{"Account":{"CharterType":"","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"60 Month IRA (Traditional, Roth, CESA)","ProductGroupId":0,"ProductGroupName":"","BankId":10727,"SectionId":4,"Id":60676,"BankUrl":"columbia-bank-nj.html","ProductName":"60 Month IRA","BankName":"Columbia Bank (NJ)","Apy":3.0,"RewardRate":0.0,"MinAmount":0.01,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-05T09:17:19.447","InstitutionType":"SB","Term":1830,"MaxTerm":1830,"States":"NJ","OnlineStates":"","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Id":96284,"Min":0.01,"Max":999999999.0,"Apy":3.0}],"Id":112729,"Tags":"","TierType":"deposit"}],"HqRates":true,"Ewp":0,"Variants":"Traditional,Roth,CESA","ReviewCount":16,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"","DmaCodes":",501,504,","Locations":65,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":21,"SectionId":4,"Name":"5 Year IRA Rates","InformaCode":"DP04008","Url":"5-year-ira-rates.html","Blurb":"Compare rates on 5 year IRAs from banks and credit unions. Use the filter box below to customize your results. Scroll down below the rate table or click here if you would like to read an overview of the IRA CD product category and some discussion of a common strategy around longer-term IRA CD products.
\r\n","StateBlurb":"Compare 5 year fixed IRA rates available in [state]. Rates on fixed rate IRAs can vary greatly between banks. That is why we check both national and local banks every day to provide you with a wide selection of 60 month IRA rates available in [state]. If we have missed a local bank in your area please contact us and let us know by using the email link at the bottom of this page.","Active":true,"MinAmount":2000.0000,"MaxAmount":999999999.0000,"MinTerm":1631,"MaxTerm":1983,"AdditionalProducts":"20,19,18,17,16,15,14","Tags":"-youth,-club,-edu,-misc,-relationship","PageTitle":"5 Year Individual Retirement Accounts - Compare 5 year IRA rates","StatePageTitle":"[state] 5 Year IRA Rates","DefaultAmount":25000.0000,"Meta":"","StateMeta":"","Article":"","ShortName":"5-year IRA","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/ira/5-year-ira-rates.html","TagArray":[],"NegativeTagArray":["youth","club","edu","misc","relationship"]},"Ad":null,"NationalRate":2.5455,"Score":200.0},{"Account":{"CharterType":"","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"72 Month IRA (Traditional, Roth, CESA)","ProductGroupId":0,"ProductGroupName":"","BankId":10727,"SectionId":4,"Id":279681,"BankUrl":"columbia-bank-nj.html","ProductName":"72 Month IRA","BankName":"Columbia Bank (NJ)","Apy":3.0,"RewardRate":0.0,"MinAmount":0.01,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-05T09:17:19.447","InstitutionType":"SB","Term":2196,"MaxTerm":2196,"States":"NJ","OnlineStates":"","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Id":429577,"Min":0.01,"Max":999999999.0,"Apy":3.0}],"Id":83105,"Tags":"","TierType":"deposit"}],"HqRates":true,"Ewp":0,"Variants":"Traditional,Roth,CESA","ReviewCount":16,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"","DmaCodes":",501,504,","Locations":65,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":30,"SectionId":4,"Name":"6+ Year IRA Rates","InformaCode":"","Url":"6-year-ira-rates.html","Blurb":"Compare 6+ year fixed IRA rates available in nationwide. Rates on fixed rate IRAs can vary greatly between banks. That is why we check both national and local banks every day to provide you with a wide selection of 60 month IRA rates available in [state]. If we have missed a local bank in your area please contact us and let us know by using the email link at the bottom of this page.","StateBlurb":"Compare 6+ year fixed IRA rates available in [state]. Rates on fixed rate IRAs can vary greatly between banks. That is why we check both national and local banks every day to provide you with a wide selection of 60 month IRA rates available in [state]. If we have missed a local bank in your area please contact us and let us know by using the email link at the bottom of this page.","Active":true,"MinAmount":0.0000,"MaxAmount":999999999.9900,"MinTerm":1984,"MaxTerm":9999,"AdditionalProducts":"","Tags":"-youth,-club,-edu,-misc,-relationship","PageTitle":"6+ Year Individual Retirement Accounts - Compare 6+ year IRA rates","StatePageTitle":"[state] 6+ Year IRA Rates","DefaultAmount":25000.0000,"Meta":"","StateMeta":"","Article":"","ShortName":"6+ Year IRA","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/ira/6-year-ira-rates.html","TagArray":[],"NegativeTagArray":["youth","club","edu","misc","relationship"]},"Ad":null,"NationalRate":2.4897,"Score":100.0},{"Account":{"CharterType":"","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"Statement Savings","ProductGroupId":0,"ProductGroupName":"","BankId":10727,"SectionId":2,"Id":60620,"BankUrl":"columbia-bank-nj.html","ProductName":"Statement Savings","BankName":"Columbia Bank (NJ)","Apy":0.5,"RewardRate":0.0,"MinAmount":10.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-04T09:16:24.047","InstitutionType":"SB","Term":0,"MaxTerm":0,"States":"NJ","OnlineStates":"","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Id":96225,"Min":10.0,"Max":999999999.0,"Apy":0.5}],"Id":166122,"Tags":"","TierType":"deposit"}],"HqRates":true,"Ewp":0,"Variants":"","ReviewCount":16,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"","DmaCodes":",501,504,","Locations":65,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":9,"SectionId":2,"Name":"Best High Yield Savings Accounts","InformaCode":"DP02001","Url":"","Blurb":"written by Ken Tumin
\r\nInterest rates on savings accounts vary greatly, which means you need to shop around to find your best rate available. It’s possible to find rates over 5.25%, while the average savings account rate stands at around 0.48% (as of November 2023). This is why we check rates daily at more than 5,000 U.S. banks and credit unions, to make it easy for you to gain the best possible return on your savings. The savings account table below allows you to compare savings account rates offered by financial institutions such as online banks, credit unions, community banks and the big nationwide banks.
\r\n","StateBlurb":"Compare rates on personal savings accounts in [state]. We check both the national banks and local banks in [state] every day to provide you with the most current savings account rates available in your area. If there is a local bank you would like to see listed here, let us know and we'll do our best to add it.","Active":true,"MinAmount":0.0000,"MaxAmount":24999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-business,-health,-edu,-youth,-club,-retirement,-reward,-misc,-relationship","PageTitle":"High Yield Savings Accounts – Daily Rates | DepositAccounts","StatePageTitle":"[state] Savings Account Rates","DefaultAmount":25000.0000,"Meta":"Compare savings accounts from banks and credit unions across the country and see who's currently offering the best savings account rates.","StateMeta":"","Article":"","ShortName":"Savings","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/savings/","TagArray":[],"NegativeTagArray":["business","health","edu","youth","club","retirement","reward","misc","relationship"]},"Ad":null,"NationalRate":0.4928,"Score":50.0},{"Account":{"CharterType":"","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"Personal Money Market","ProductGroupId":0,"ProductGroupName":"","BankId":10727,"SectionId":5,"Id":394948,"BankUrl":"columbia-bank-nj.html","ProductName":"Personal Money Market","BankName":"Columbia Bank (NJ)","Apy":1.0,"RewardRate":0.0,"MinAmount":2500.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-04T09:16:24.047","InstitutionType":"SB","Term":0,"MaxTerm":0,"States":"NJ","OnlineStates":"","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Id":691740,"Min":2500.0,"Max":999999999.0,"Apy":1.0},{"Id":690691,"Min":100.0,"Max":2499.99,"Apy":0.1}],"Id":294803,"Tags":"","TierType":"deposit"}],"HqRates":true,"Ewp":0,"Variants":"","ReviewCount":16,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"","DmaCodes":",501,504,","Locations":65,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":22,"SectionId":5,"Name":"Money Market Accounts","InformaCode":"DP02001","Url":"","Blurb":"written by Ken Tumin | Updated on September 21, 2022
\r\nA money market account (MMA) has a unique set of features that makes it a hybrid of a savings account and a checking account. Money market accounts offer high interest rates, and also easy access to your money.
\r\n\r\nThe money market accounts listed in the table below are sorted according to rates, from highest to lowest. This table lets you compare money market accounts from banks and credit unions — use the filter box to customize your results. Read on to learn more about the history, distinct features and benefits of these accounts.
\r\n","StateBlurb":"Compare rates on [state] money market accounts. Every day, we check both the national banks and regional banks in [state] to provide you with the most current money market rates available. We try hard to list as many local banks as possible so if there is one you would like to see listed here, please let us know and we'll do our best to add it. ","Active":true,"MinAmount":10000.0000,"MaxAmount":24999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-business,-youth,-club,-edu,-retirement,-misc,-relationship","PageTitle":"Money Market Account Rates in [date] | DepositAccounts","StatePageTitle":"[state] Money Market Accounts","DefaultAmount":10000.0000,"Meta":"Compare money market account rates on more than 14,000 of the most popular banks and credit unions in the U.S. Discover which institutiuons currently offer the best money market accounts.","StateMeta":"","Article":"","ShortName":"Money Market","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/moneymarket/","TagArray":[],"NegativeTagArray":["business","youth","club","edu","retirement","misc","relationship"]},"Ad":null,"NationalRate":0.8401,"Score":20.0}];Columbia Bank is a New Jersey-based bank that serves a wide range of customers, including consumers, entrepreneurs, corporations, developers, and local government entities. The bank offers personal and business banking products and services, as well as wealth management services and guidance.
On the personal banking side, Columbia’s checking accounts offer several options to suit a consumer’s financial needs, including a free account with no monthly fees and a high-interest bearing account that comes with avoidable balance requirements. Savings accounts that are available give consumers access to free services like a debit card and online bill pay. By opening both a checking and savings account with Columbia, customers can be reimbursed for ATM fees up to a certain amount. The bank’s money market accounts have a minimum daily balance requirement in order to earn interest and off higher levels of interest for increased account balance thresholds. Certificates of deposit (CDs) range in term lengths from 7 days to 84 months and IRAs from 3 to 72 months. Youth targeted banking is also available and consists of a savings account that comes with very low initial deposit and minimum to earn interest requirements.
Columbia Bank online banking provides a web-based platform for customers to view all of their account activity, make and schedule fund transfers, set email alerts, pay bills, and make loan payments. The banking system also comes with a financial management tool powered by Quicken that integrates Columbia bank accounts into budgeting software and allows customers to effectively manage their finances. Mobile banking apps have also been released by the bank and provide smartphone and tablet access to accounts to make banking on the go convenient and easy.
Columbia Bank was originally established in 1926 as Columbia Savings and Loan Association, before shifting to its current name in 1995. The bank is headquartered in Fair Lawn, New Jersey and serves its customers through numerous branches in the New Jersey and New York regions.
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Great Bank And I Have Banked With A Lot
I think some of the reviews are posted by people who are inexperience.
I travel around the world, have a 2nd home in Australia etc. Columbia's debit card worked everywhere I went, no hassles.
The customer service is great.
I used to bank with B of A and quit after they gambled with my money and my tax payer dollars had to bail them out.
Columbia keeps their mortgages, are not profit greedy and are local. They try to know their customers.
Unlike some small banks they are able to do foreign wire transfers, which my credit union couldn't do.
They are very security conscious.
Raisin Customers Can Have Only ONE (1) Bank Account Linked To Your Savings Accaccount
Raisin customers can have only ONE (1) bank account linked to your Savings Accaccount. Customers can change their linked bank account 60 days after their initial deposit. If you are a customer and qualify to update your account, please email [email protected] from the email address you use to log in and request an update to your reference account. We will respond to qualifying customers with further instructions.
Not A Good Bank If You Travel Outside Of The US
The debit/check card is very inconvenient. We have to call frequently to verify transactions so that holds are released from our account.
Most recently, I called to clear our account for travel outside the US and even though I gave them our account number, they cleared only my card number for travel and not my husband's which we discovered when we were refused a purchase and had to borrow a friend's cell phone to make the international call to the bank. (The rep gave the excuse that I had mentioned only MY travel and not my husband's which was not the case, showing the bank's complete lack of taking any responsibility).
We made 2 purchases since that time and now they've turned off access to our card again including online banking and the customer service center is of course closed so here we are in England for the Olympics and have absolutely no access to our money.
We'll be changing banks when we return home.
Privacy Policies Not Followed
I recently filled out an application online for a mortgage prequalification. I submitted all my documents electronically. The loan officer, Nuno Poitevin NMLS ID# 223216 was the agent assigned to my application. Two days past and I had yet to hear from the bank, however, the real estate agent contacted me to disclose very detailed, personal information about my application, and my credit report. I asked the agent is this how the bank handles customer sensitive information, and she was quick to back track explaining that herself and Nuno. very closely together and that the bank representative had contacted her to inform her that my loan could not be honored. I asked the agent if the bank doesn’t follow their privacy guidelines, as I, the client, had not heard directly from Nuno, yet she had all my information. Shortly after I got off the phone with the real estate agent, I received a casual text message from Nuno just saying hello. I replied the next day, hoping that he’d pick up the phone and handle the interaction professionally, but to no avail. While it’s unfortunate that I was not able to meet the requirements at this time, Nuno was not professional to reach out and discuss the information directly with me. In my opinion this bank does not follow their privacy policies and one’s personal information can be shared with whom ever they choose. I would not recommend them as a secure financial institution.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28834 |
| Year Established | 1926 |
| Employees | 750 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 4.33% |
| Annual Interest Income | $184.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $9.77B$9.44B |
| Loans | Q2 2023vs Q2 2022 | $7.53B$6.77B |
| Deposits | Q2 2023vs Q2 2022 | $7.60B$7.89B |
| Equity Capital | Q2 2023vs Q2 2022 | $929.0MM$992.4MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $52.1MM$49.2MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $10.7MM$6.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
