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New Millennium Bank


Overview / Commentary
nmbonline.com
201-585-6090
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 1,823rd largest bank in the nation. It was established in 1999 and as of March of 2021, it had grown to 68 employees at 7 locations. New Millennium Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #35151
Year Established1999
Employees68
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD12.05%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$462.4MM$371.7MM
LoansQ1 2021vs Q1 2020$368.6MM$320.2MM
DepositsQ1 2021vs Q1 2020$403.7MM$311.6MM
Equity CapitalQ1 2021vs Q1 2020$44.1MM$40.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$8.1MM$5.8MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.6MM$4.6MM
Real Estate OwnedQ1 2021vs Q1 2020$137.00K$249.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not New Millennium 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.

New Millennium Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.50%*$10k*-Super Savings
OTHER TIERS: 0.25% → Up to $10k
0.25%--Neighborhood Savings Account
0.15%--New Millennium Silver Account

New Millennium Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Money Market Account
OTHER TIERS: 0.15% → $1k - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k | 0.40% → $100k - $250k

New Millennium Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$500-Business Interest Checking Account

New Millennium Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-2 Year CD
0.60%$500-3 Year CD
0.60%$500-4 Year CD
0.60%$500-5 Year CD
0.55%$500-12 Month CD
0.55%$500-18 Month CD
0.50%$30k-12 Month Hybrid Certificate with Checking
0.50%$30k-12 Month Hybrid Certificate without Checking
0.45%$500-9 Month CD
0.35%$500-6 Month CD
0.25%$500-90 Day CD
Locations


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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