Featured Savings Rates
Featured Accounts

Indus American Bank

Popular Accounts at this Bank

1.00%1-year CD13 Month CD
1.55%5-year CD60 Month CD
0.20%SavingsPassbook Savings

Overview / Commentary
1630 Oak Tree Road
Edison, NJ 08820

Indus American Bank is headquartered in Edison and is the 70th largest bank in the state of New Jersey. It is also the 2,603rd largest bank in the nation. It was established in 2005 and as of June of 2016, it had grown to 55 employees at 5 locations. Indus American Bank's money market rates are 14% higher than the national average, and it has a C+ health rating.

Related Posts

Indus American Bank (NJ) Boosts Rate On 13-Month CD - 2/4/2016

Indus American Bank (NJ) has raised the rate on its 13-month CD (1.40% APY). Minimum deposit is $2K, with no balance cap. Market area includes New Jersey and Long Island.

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Great Bank Excellent Staff

Posted by: Alok | Mar 22, 2013

Its a great bank with great service... i have my entire banking retlationship with them


Our Community Bank With 7* Services

Posted by: DOP690 | Sep 18, 2012

I have been banking with Indus from 6 years and having a very good customer service all the time. infact it's our community bank,  the people from our community always supports our community bank except some who dont want to be in our community or been cick our from the community. Its pleasure banking with OUR BANK.

Bogus Bank

Posted by: milkman | Oct 15, 2015

Fraud bank. Do not apply any SBA loan thru this bank. It is just a waste of time. I made a big mistake by not reading the reviews.
In my view this should not even be called a bank.

Extremely Impressed

Posted by: AKK | Sep 18, 2012

I have been banking with this bank from the start and was extremely suprised to read the previous reviews. I suspect its from fired old employees who typically bad mouth organisation or customers who are overdrawn or have (-) ve balances

When it comes to professionalism and service they exceed standards. Their CD and money market rates are good too. With regards to charges well if you are constantly overdrawn the bank does charge however if its a genuine mistake they are more than happy to reverse the charges....

For me this bank is the symbol of growing South Asian strength in the community...

Five star



Health Grade Components

FDIC Certificate #57983
Year Established2005
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.89%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$241.4MM$245.1MM
LoansQ2 2016vs Q2 2015$167.5MM$173.6MM
DepositsQ2 2016vs Q2 2015$200.0MM$199.1MM
Equity CapitalQ2 2016vs Q2 2015$20.6MM$20.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$2.2MM$2.3MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$4.9MM$4.7MM
Real Estate OwnedQ2 2016vs Q2 2015$1.8MM$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Indus American Bank Savings Account Rates

0.50%*$100k*-Power Savings
OTHER TIERS: 0.20% Up to $10k | 0.25% $10k - $25k | 0.40% $25k - $100k
0.20%--Statement Savings
0.20%--Passbook Savings

Indus American Bank Money Market Rates

0.50%*$5k*-Consumer Money Market
OTHER TIERS: 0.25% Up to $5k
0.50%--Money Market IRA

Indus American Bank Checking Account Rates

0.75%*$10k*-Power Checking
OTHER TIERS: 0.10% Up to $10k
0.50%--Premium Interest Checking

Indus American Bank CD Rates

1.55%$2k-60 Month CD
1.35%$2k-48 Month CD
1.10%$2k-36 Month CD
1.00%$2k-24 Month CD
1.00%$2k-13 Month CD
0.80%$2k-18 Month Bump Up CD
0.65%$2k-12 Month CD
0.50%$2k-6 Month CD
0.25%$2k-3 Month CD
0.15%$2k-1 Month CD

Indus American Bank IRA Rates

1.55%$2k-60 Month IRA
1.35%$2k-48 Month IRA
1.10%$2k-36 Month IRA
1.00%$2k-24 Month IRA
0.65%$2k-12 Month IRA

Indus American Bank Locations
Indus American Bank1630 Oak Tree RoadEdison, NJ 08820
Jersey City Branch781 Newark AvenueJersey City, NJ 07306
Plainsboro Branch10 Schalks Crossing RoadPlainsboro, NJ 08536
Parsippany Branch1458 Route 46 WestParsippany, NJ 07054
Hicksville Branch70 BroadwayHicksville, NY 11801