First Hope Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.50% | Reward Checking | Kasasa Cash 1.75% - National Average |
| 0.75% | Reward Savings | Kasasa Saver 0.77% - National Average |
| 0.95% | 5-year CD | 60 Months Risk Free CD 1.85% - Synchrony Bank 60 Month CD |
First Hope Bank is headquartered in Hope and is the 44th largest bank in the state of New Jersey. It is also the 1,412th largest bank in the nation. It was established in 1911 and as of June of 2016, it had grown to 117 employees at 6 locations. First Hope Bank has a B+ health rating.
I Love This Bank
There is no other bank I would ever use. The customer service is fabulous. The employees treat you like family.
Great Bank
First Hope has been a phenomenal bank since I first started banking there in 5th grade. I was only 11 years old, but they had a great program of teaching kids the importance of saving. They enrolled me a graduated savings account where I earned different rewards, the best being my own ATM card, as long as my parents approved. Now that I am older, I still leave money in the bank as an emergency fund. The bank offers better rates than the leading big banks. Their customer service and online support are second to none. First Hope truly recognizes the importance of family-friendly clientele and being a neighborhood-friendly bank. I highly recommend that anyone who lives in the area to seek out their nearest branch and open an account.
Good bank that holds security in high regard.
I have been banking with First Hope Bank since I was 15 years old. I have had several savings accounts with them as well as my checking account and mortgage. Recently I went to get money out of my checking account via the ATM and needed to make change for the $20 bill I received. The teller had me give my account number just to make change which I thought was odd, but I guess they tie everything back to you. I also had another instance with my checking account in which is tied to my debit card. In today's world, I buy mostly everything with my debit card either online or at a store. Last year there were 2 incidences in which my card was flagged for fraudulent activity. This bank immediately put a stop to the card (even prior to me knowing about it). They contacted me right away and had a new card sent to me. I was very impressed that they caught the activity. As it turns out, one of the purchases was one that I had actually made online, but I was still pleased that they put a stop to my card just in case. The only downfall was that I had to wait a week each time for a new card. Now I hear they are able to issue a new card at the bank.
Worst Experience Ever
I don't think they deserve one star. Absolutely UNPROFESSIONAL, INCOMPETENT, LAZY, UNORGANIZED. If you are looking for a mortgage RUN as far away as possible. Documents changed at the last minute, additional funds requested the day before closing and they are very COLD and INSENSITIVE.
Purchasers and Sellers, RUN!
Hidden Fees And An Attitude Problem
I have been a customer for more than 15 years. Today I went to the bank and questioned a fee on my savings account. Apparently if you do not have account activity for a year, you are charged a $7 monthly fee. As a soon to be senior citizen, it is my goal to not withdraw money from my account. Apparently I went for more than a year without withdrawing any money. Not easy to do in this economy. You would think the bank would congratulate me on my thrifty ways. No, they charged me an inactivity fee. I asked them to refund the fee. They said they would rather lose me as a customer. I took my money out of the bank. If you are a thrifty consumer, I suggest you move to another bank too. I was able to get almost double the interest at another bank and they gave me a GPS for opening an account with more than $100,000. I wish I had switched sooner!
Just Another Bank, Without The Size
Have to agree with the other reviewer. They are NOT interested in happy customers. They are interested in selling additional services for additional monthly fees. As for myself, I will moving my accounts (4 of them) to a "vitual bank". They seem to still offer a good value. If I'm not going to get any service, after having multiple deposit accounts for years, there is absolutely no reason to reward First Hope with my continued support!
Poor Policies
Poor customer service. If you overdraw your account they freeze your debit card even if your account is in the positive. This freeze is in effect for three months of no overdrawn account. No exceptions. You can not get to your money unless you write a check or go in and do a withdrawal. Run somewhere else. Do not use this bank.
Poor Customer Service
Bank policies and procedures are far more important than customers service and customer loyalty at First Hope Bank. If you're thinking of banking here, go somewhere else.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6354 |
| Year Established | 1911 |
| Employees | 117 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 4.19% |
| Annual Interest Income | $7.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $492.9MM$454.8MM |
| Loans | Q2 2016vs Q2 2015 | $322.6MM$300.8MM |
| Deposits | Q2 2016vs Q2 2015 | $427.0MM$394.3MM |
| Equity Capital | Q2 2016vs Q2 2015 | $42.9MM$40.0MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $4.7MM$4.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $4.0MM$3.7MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$245.00K |
Always verify rates and promotions with the bank or credit union. We are not First Hope 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.
First Hope Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | - | $10k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $10k+ | |||||
| 0.25% | - | - | Hopes & Dreams Club | ||
| 0.20% | - | - | Kids Savings Account | ||
| 0.15% | - | - | Holiday Club Account | ||
| 0.10% | - | - | Traditional IRA Savings Account | ||
| 0.10% | - | - | Roth IRA Savings Account | ||
| 0.05% | - | - | Personal Statement Savings | ||
| 0.05% | - | - | Business Statement Savings Account | ||
First Hope Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $2,500 | - | Gold Money Market Account | |
| 0.10% | $2,500 | - | Gold Business Money Market Account |
First Hope Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.50%* | - | $10k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $10k+ | |||||
| 0.05%* | $10k* | - | NOW Checking | ||
| OTHER TIERS: 0.01% → $1k - $10k | |||||
| 0.05%* | $10k* | - | Select Plus Account | ||
| OTHER TIERS: 0.01% → $1k - $10k | |||||
| 0.02% | $2,500 | $10k | Business Interest Checking | ||
First Hope Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.95% | $500 | - | 60 Months CD | |
| 0.95% | $2,500 | - | 60 Months Risk Free CD | |
| 0.60% | $500 | - | 48 Months CD | |
| 0.60% | $2,500 | - | 48 Months Risk Free CD | |
| 0.43% | $500 | - | 36 Months CD | |
| 0.43% | $2,500 | - | 36 Months Risk Free CD | |
| 0.35% | $500 | - | 30 Months CD | |
| 0.33% | $500 | - | 24 Months CD | |
| 0.31% | $500 | - | 18 Months CD | |
| 0.25% | $500 | - | 7 Months CD | |
| 0.22% | $500 | - | 12 Months CD | |
| 0.20% | $500 | - | 6 Months CD | |
| 0.10% | $500 | - | 3 Months CD |
First Hope Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.95% | $500 | - | 60 Months IRA | |
| 0.95% | $2,500 | - | 60 Months Risk Free IRA | |
| 0.60% | $500 | - | 48 Months IRA | |
| 0.60% | $2,500 | - | 48 Months Risk Free IRA | |
| 0.43% | $500 | - | 36 Months IRA | |
| 0.43% | $2,500 | - | 36 Months Risk Free IRA | |
| 0.35% | $500 | - | 30 Months IRA | |
| 0.33% | $500 | - | 24 Months IRA | |
| 0.31% | $500 | - | 18 Months IRA | |
| 0.25% | $500 | - | 7 Months IRA | |
| 0.22% | $500 | - | 12 Months IRA | |
| 0.20% | $500 | - | 6 Months IRA | |
| 0.10% | $500 | - | 3 Months IRA |
| First Hope Bank Locations | ||
|---|---|---|
| First Hope Bank, A National Banking Association | 1301 Hope-Bridgeville Rd. | Hope, NJ 07844 |
| Andover Branch | 161 Newton Sparta Road | Newton, NJ 07860 |
| Sparta Branch | 220 Woodport Road, Aka Route 181 | Sparta, NJ 07871 |
| Hackettstown/Wash Township Branch | 41 Rt 46 | Hackettstown, NJ 07840 |
| Great Meadows Branch | Route 46 | Great Meadows, NJ 07838 |
| Blairstown Branch | Route 94 | Blairstown, NJ 07825 |