Lakeland Bank

Overview / Commentary
2717 Route 23 South
Newfoundland, NJ 07435

Lakeland Bank is headquartered in NEWFOUNDLAND and is the 4th largest bank in the state of New Jersey. It is also the 150th largest bank in the nation. It was established in 1969 and as of March of 2023, it had grown to 883 employees at 59 locations. Lakeland Bank's money market rates are 3X the national average, and it has an A health rating.

Reviews (2)

Banking With A Personal Touch

Posted by: |

I deal with at least 3 to 4 banks daily, and just like Lakeland because of the feeling of what banking use to be like a live voice to speak to and a great personal touch.

Horrible Horrible

Posted by: |

Every single time i need to speak to a representative it is at least a 20 minute wait, and they lock my card for every little thing at least once a week. Even when they call me to confirm there is no fraud, my card stays locked and I have to call them back and wait 20 minutes to get through to them to get it unlocked. When they finally answer they tell me to wait another 10 minutes to use my card, and 20 minutes my card is still locked this is incredible. Been banking with them for about 5 years and it keeps getting worse.


Health Grade Components

FDIC Certificate #19953
Year Established1969
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD6.89%
Annual Interest Income$114.4MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$10.84B$10.28B
LoansQ1 2023vs Q1 2022$7.88B$7.07B
DepositsQ1 2023vs Q1 2022$8.59B$8.79B
Equity CapitalQ1 2023vs Q1 2022$1.26B$1.23B
Loan Loss AllowanceQ1 2023vs Q1 2022$71.4MM$67.1MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$16.9MM$19.7MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Lakeland 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Lakeland Bank Savings Account Rates

0.05%$1-Statement Savings Account
0.05%$1-Young Savers
0.05%$1-Business Statement Savings

Lakeland Bank Money Market Rates

1.40%*$500k*-Platinum Tiered Money Market Account
OTHER TIERS: 0.20% $1 - $15k | 0.40% $15k - $25k | 0.75% $25k - $100k | 1.00% $100k - $250k | 1.25% $250k - $500k
1.25%*$100k*-Business Tiered Money Market
OTHER TIERS: 0.60% $1 - $100k

Lakeland Bank Checking Account Rates

0.10%$1-Platinum Checking
0.05%$1-Personal Checking with Interest
0.05%$1-Business Checking With Interest

Lakeland Bank CD Rates

5.20%$500-9 Month CD
5.20%$500-13 Month CD
4.10%$500-18 Month Platinum CD
4.00%$500-18 Month CD
3.50%$500-23 Month CD

Lakeland Bank IRA Rates

5.20%$500-9 Month IRA
5.20%$500-13 Month IRA
3.50%$500-23 Month IRA


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