New Millennium Bank

Overview / Commentary
222 Bridge Plaza South
Fort Lee, NJ 07024

New Millennium Bank is headquartered in Fort Lee and is the 41st largest bank in the state of New Jersey. It is also the 1,670th largest bank in the nation. It was established in 1999 and as of June of 2021, it had grown to 71 employees at 8 locations. New Millennium Bank has an A health rating.


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Health Grade Components

FDIC Certificate #35151
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD13.17%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$527.1MM$465.9MM
LoansQ2 2021vs Q2 2020$374.8MM$363.7MM
DepositsQ2 2021vs Q2 2020$468.0MM$372.5MM
Equity CapitalQ2 2021vs Q2 2020$45.9MM$40.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$8.3MM$6.4MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$804.00K$5.5MM
Real Estate OwnedQ2 2021vs Q2 2020$137.00K$249.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Millennium Bank Savings Account Rates

2.15%$1k$50kMillennium Club Account w/ Automatic Transfer – 3 Year
1.95%$1k$50kMillennium Club Account w/ Automatic Transfer – 2 Year
1.90%$1k$50kMillennium Club Account w/o Automatic Transfer – 3 Year
1.75%$1k$50kMillennium Club Account w/ Automatic Transfer – 1 Year
1.70%$1k$50kMillennium Club Account w/o Automatic Transfer – 2 Year
1.50%$1k$50kMillennium Club Account w/o Automatic Transfer – 1 Year
0.40%*$10k*-Super Savings
OTHER TIERS: 0.20% Up to $10k
0.20%--Neighborhood Savings Account
0.15%--New Millennium Silver Account

New Millennium Bank Money Market Rates

0.40%*$250k*-Money Market Account
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k

New Millennium Bank Checking Account Rates

0.15%$500-Business Interest Checking Account

New Millennium Bank CD Rates

0.60%$500-3 Year CD
0.60%$500-4 Year CD
0.60%$500-5 Year CD
0.50%$500-2 Year CD
0.45%$500-12 Month CD
0.45%$500-18 Month CD
0.40%$500-9 Month CD
0.40%$30k-12 Month Hybrid Certificate with Checking
0.40%$30k-12 Month Hybrid Certificate without Checking
0.30%$500-6 Month CD
0.20%$500-90 Day CD

New Millennium Bank Locations
New Millennium Bank222 Bridge Plaza SouthFort Lee, NJ 07024
Fort Lee Branch1620 Lemoine AvenueFort Lee, NJ 07024
Bayside Branch209-35 Northern BoulevardBayside, NY 11361
Manhattan Branch312 Fifth Ave, 3rd FloorNew York, NY 10001
New Brunswick Branch57 Livingston Ave SteNew Brunswick, NJ 08901
Palisades Park Branch134 Broad AvePalisades Park, NJ 07650
Flushing Branch Office141-28 Northern BlvdFlushing, NY 11354
Piermont Road Branch Office570 Piermont Road, Unit A-2Closter, NJ 07624

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