Overview / Commentary
718-448-1000
1731 Victory Boulevard
Staten Island, NY 10314

Northfield Bank is headquartered in Staten Island and is the 25th largest bank in the state of New York. It is also the 248th largest bank in the nation. It was established in 1887 and as of June of 2018, it had grown to 346 employees at 39 locations. Northfield Bank's savings rates are 4X the national average, and it boasts an A+ health rating.

Related Posts

Northfield Bank Hikes Online Platinum Savings Rate - 7/24/2018

Northfield Bank (New York) has added a nationally available Online Platinum Savings account, which earns 2.25% APY on balances up to $100k.

Platinum Savings 2.25% APY Up To $100,000 (NJ/NY) - 7/13/2018

2.25% APY on all tiers up to $100,000 Platinum Savings - Online Tiers Interest Rate APY $0.01 - $19,999.99 2.23% 2.25% $20,000.00 - $49,999.99 2.23% 2.25% $50,000.00 - $99,999.99 2.23% 2.25% $100,000 + 0.90% 0.90% -Savings account can be opened online. -A minimum balance of $0.01 is required to open account. -The account will be charged a minimum balance fee of $8.00 each statement cycle if the average daily balance for that cycle falls below $2,500. -Account balances $100,000 and over earn 0.90% APY on the entire balance. -New money required https://www.enorthfield.com/pages/pers_deprates.htm

Northfield Bank (NJ/NY) Adds 11-Month Online CD - 5/4/2018

Northfield Bank (NJ/NY) has added an 11-month Online CD, earning 2.25% APY. The minimum deposit is $2.5k of new money and is capped at $250k.

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Reviews (3)

Don't Waste Your Time: Insane Transfer Limits

Posted by: uw09 | Aug 24, 2018

This savings account has insane transfer limits:

To Northfield Bank limits:
Per Transfer $5,000.00
Daily $5,000.00
Monthly $10,000.00

From Northfield Bank limits:
Per Transfer $2,000.00
Daily $2,000.00
Monthly $5,000.00

Cash Is No Longer King

I was raised with the advice "if you can't pay cash for it, you don't buy it", so I've never used credit cards. I just tried to open an online savings account with Northfield and was denied an account because I have insufficient credit history. It makes no sense to me to deny a deposit account for this reason. I understand credit history being a factor in granting a loan to an individual, but I was trying to deposit money with them, not get a loan. Credit history (or the lack thereof) should be irrelevant when applying for a deposit account. The customer service rep was very sweet and empathetic as she also has no credit history and has had a history of paying cash. Who would have ever thought that cash is no longer king!?

Update: I received a call from Northfield Bank 8/22 inviting me to submit an application again. The CSR explained they discontinued the credit history check for this deposit account. I just completed the online application and everything went smoothly and my account is open, awaiting the micro deposits. I applaud Northfield for realizing the error of their ways and reaching out to me.

PROPERTY MANAGER

Posted by: AP | Jul 31, 2018

The veryfication process that the bank uses is terrible.
They would no open my account because I do not owe enough money.
Since I am wealthy I do not need to carry debt.
Not accurate either because my credit card balance last month wad $ 500 which I paid in full every month and according to their research I only owe $ 5.
Customer service not helpful either.
It just a hassle because their rate is not guarantee either.
Terrible experience.



Health
A+

Health Grade Components

Overall
FDIC Certificate #28710
Year Established1887
Employees346
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD7%
Annual Interest Income$70.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$4.19B$3.86B
LoansQ2 2018vs Q2 2017$3.19B$3.02B
DepositsQ2 2018vs Q2 2017$3.00B$2.70B
Equity CapitalQ2 2018vs Q2 2017$609.1MM$603.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$26.9MM$25.6MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$11.5MM$10.8MM
Real Estate OwnedQ2 2018vs Q2 2017$850.00K$850.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Platinum Savings 2.25% APY Up To $100,000 (NJ/NY)

JDubs   |  
2.25% APY on all tiers up to $100,000

Platinum Savings - Online
Tiers Interest Rate APY
$0.01 - $19,999.99 2.23% 2.25%
$20,000.00 - $49,999.99 2.23% 2.25%
$50,000.00 - $99,999.99 2.23% 2.25%
$100,000 + 0.90% 0.90%

-Savings account can be opened online.
-A minimum balance of $0.01 is required to open account.
-The account will be charged a minimum balance fee of $8.00 each statement cycle if the average daily balance for that cycle falls below $2,500.
-Account balances $100,000 and over earn 0.90% APY on the entire balance.
-New money required

https://www.enorthfield.com/pages/pers_deprates.htm

Rates
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Always verify rates and promotions with the bank or credit union. We are not Northfield 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.

Northfield Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$100kOnline Platinum Savings (New Money)
OTHER TIERS: 0.90% $100k+
2.00%*-$100kPlatinum Savings
OTHER TIERS: 0.90% $100k+
0.75%*$100k*$1000kPremier Savings
OTHER TIERS: 0.10% $300 - $35k | 0.15% $35k - $100k | 0.25% $1000k+
0.10%--Statement Savings

Northfield Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$100k- High Yield Money Market Account
0.25%*$15k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $10k | 0.15% $10k - $15k

Northfield Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$2.5k-60 Month Online CD
2.25%$2.5k$250k11 Month Online CD - New Money
2.10%$2.5k-16 Month Online CD
1.50%$2.5k-30 Month CD
1.50%$2.5k-48 Month CD
1.40%$2.5k-14 Month CD
1.40%$2.5k-9 Month Online CD
1.35%$2.5k-24 Month CD
1.30%$2.5k-18 Month CD
1.25%$2.5k-12 Month CD
0.25%$2.5k-6 Month CD

Northfield Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%--60 Month IRA
2.25%$2.5k$250k11 Month IRA Special - New Money
2.10%--16 Month IRA
1.40%--9 Month IRA
Locations

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New York Area

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