Cross River Bank is headquartered in Teaneck and is the 15th largest bank in the state of New Jersey. It is also the 440th largest bank in the nation. It was established in 2008 and as of June of 2019, it had grown to 236 employees at 1 location. Cross River Bank's money market rates are 4X the national average, and it boasts an A+ health rating.
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Not Ready For Prime Time
This is a new bank that was financed by some Silicon Valley VC Fintech people -- amazingly, their website is awful and their account opening process is difficult if not impossible. Their disclosures say they "may" allow CD early withdrawals and they don't specify their early withdrawal penalty. I tried to open a new CD (their rates look good) but the application process rejected me and locked me out with no explanation. If this is the quality of their website and customer service before you are a customer, just imagine how difficult it will be when you try to get your money back! Stay away from this place until they know how to run an internet bank. Right now all they know how to do is raise money from venture capital investors!!!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58410 |
| Year Established | 2008 |
| Employees | 236 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.09% |
| Return on Equity - YTD | 17.13% |
| Annual Interest Income | $66.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.91B$1.07B |
| Loans | Q2 2019vs Q2 2018 | $1.38B$820.5MM |
| Deposits | Q2 2019vs Q2 2018 | $1.57B$816.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $224.9MM$127.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $28.7MM$13.4MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $4.4MM$534.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Cross River Bank; we are a rate comparison website and cannot provide official rates or promotions.
Cross River Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.92% | - | - | I Connect Savings | |
| 1.92% | - | - | E Connect Savings | |
| 1.92% | - | - | I Connect Select Savings | |
| 1.92% | - | - | E Connect Select Savings | |
| 1.51% | - | - | Prestige Business Savings |
Cross River Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.82% | - | - | Money Market Account | |
| 1.82% | - | - | E Money Market Account | |
| 1.36% | - | - | Business Prestige Money Market Checking |
Cross River Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.71% | - | - | I Connect Select Checking | |
| 1.71% | - | - | E Connect Select Checking | |
| 1.36% | - | - | NJ IOLTA Checking | |
| 0.75% | - | - | Attorney Trust Escrow |
Cross River Bank CD Rates
| Cross River Bank Locations | ||
|---|---|---|
| Cross River Bank | 885 Teaneck Road | Teaneck, NJ 07666 |