Featured Savings Rates
Featured Accounts

Indus American Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.25%1-year CD13 Month CD
1.55%5-year CD60 Month CD
0.20%SavingsPassbook Savings

Overview / Commentary
732-603-8200
1630 Oak Tree Road
Edison, NJ 08820

Indus American Bank is headquartered in Edison and is the 69th largest bank in the state of New Jersey. It is also the 2,566th largest bank in the nation. It was established in 2005 and as of December of 2015, it had grown to 50 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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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.

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

Alok

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

VIEW MORE REVIEWS

Health
C+

Health Grade Components

Overall
FDIC Certificate #57983
Year Established2005
Employees50
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.54%
Return on Equity - YTD-6.41%
Annual Interest Income$11.0MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$246.6MM$231.4MM
LoansQ4 2015vs Q4 2014$174.2MM$156.4MM
DepositsQ4 2015vs Q4 2014$206.2MM$189.8MM
Equity CapitalQ4 2015vs Q4 2014$19.7MM$20.0MM
Loan Loss AllowanceQ4 2015vs Q4 2014$2.3MM$2.9MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$6.9MM$5.9MM
Real Estate OwnedQ4 2015vs Q4 2014$1.3MM$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

Indus American Bank Checking Account Rates

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

Indus American Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.55%$2k-60 Month CD
1.35%$2k-48 Month CD
1.25%$2k-13 Month CD
1.10%$2k-36 Month CD
1.00%$2k-24 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


Indus American Bank Locations
Parsippany Supermarket Branch1157 Route 46 EastParsippany, NJ 07054
Indus American Bank1630 Oak Tree RoadEdison, NJ 08820
Jersey City Branch781 Newark AvenueJersey City, NJ 07306
Plainsboro Branch10 Schalks Crossing RoadPlainsboro, NJ 08536
Hicksville Branch70 BroadwayHicksville, NY 11801