NVE Bank (NJ)

Overview / Commentary

www.nve.bank

201-816-2800

76 Engle Street
Englewood, NJ 07631

NVE Bank (NJ) is headquartered in ENGLEWOOD and is the 32^nd largest bank in the state of New Jersey. It is also the 1,393^rd largest bank in the nation. It was established in 1887 and as of December of 2023, it had grown to 54 employees at 11 locations. NVE Bank (NJ)'s savings rates are 9X the national average, and it has a B health rating.

View all posts from:

2016
2011
2010

8/11 - Platinum Money Market Account 1.01% On First $50K

9/27 - $100 Checking Account Bonus at NVE Savings Bank in New Jersey - Local Only
7/5 - Competitive Long-Term CD Rate at NVE Bank in New Jersey - Local Only

5/30 - Markber On Ibankdesign Posted About A $150 Sign Up Bonus For A Business Checking Account At NVE Bank

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Health

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #	29875
Year Established	1887
Employees	54
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.83%
Return on Equity - YTD	4.88%
Annual Interest Income	$24.6MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$665.9MM$700.4MM
Loans	Q4 2023vs Q4 2022	$387.2MM$392.8MM
Deposits	Q4 2023vs Q4 2022	$440.3MM$500.3MM
Equity Capital	Q4 2023vs Q4 2022	$121.2MM$114.3MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$1.9MM$1.4MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$9.1MM$6.5MM
Real Estate Owned	Q4 2023vs Q4 2022	$3.1MM$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

NVE Bank (NJ) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.85%^*	$50k^*	$250k	Savings Plus - New Money
OTHER TIERS: 0.10% → Any amount \| 1.00% → $15k - $25k \| 2.00% → $25k - $50k
0.21%^*	$35k^*	$250k	Advantage Savings -- New Money
OTHER TIERS: 0.15% → $250k+
0.10%^*	$2.5k^*	-	Super Saver Account
OTHER TIERS: 0.07% → Up to $2.5k
0.07%	$10	-	Statement Savings
0.07%	$10	-	Universal Savings Club
0.07%	$10	-	Retirement Savings
0.07%	$10	-	Business Statement Savings

NVE Bank (NJ) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.18%^*	-	$50k	Platinum Money Market Savings
OTHER TIERS: 0.03% → $250k+ \| 0.06% → $100k - $250k \| 0.10% → $50k - $100k
0.15%^*	$25k^*	$250k	Premier Money Market Savings
OTHER TIERS: 0.10% → Up to $25k
0.10%^*	$15k^*	-	Business Liquid Asset Money Market Savings
OTHER TIERS: 0.07% → Up to $15k
0.10%^*	$15k^*	-	Liquid Asset Money Market Savings
OTHER TIERS: 0.07% → Up to $15k

NVE Bank (NJ) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.08%^*	$2.5k^*	-	Super NOW
OTHER TIERS: 0.05% → Up to $2.5k
0.05%	$10	-	NOW

NVE Bank (NJ) CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%	$10k	-	4 Month CD Special
5.00%	$20k	-	45 Day CD Special
4.60%	$1k	-	10 Month CD Special
4.45%	$1k	$1m	13 Month CD Special
3.75%	$10k	-	11 Month CD Special
3.50%	$10k	$250k	23 Month CD Special
2.50%	$1k	-	3 Month CD
0.30%	$1k	-	72 Month CD
0.26%	$1k	-	60 Month CD
0.21%	$1k	-	48 Month CD
0.20%	$1k	-	42 Month CD
0.19%	$1k	-	36 Month CD
0.16%	$1k	-	24 Month CD
0.13%	$1k	-	18 Month CD
0.11%	$1k	-	12 Month CD
0.09%	$1k	-	9 Month CD
0.07%	$1k	-	6 Month CD

NVE Bank (NJ) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.60%	$1k	-	10 Month IRA Special
3.75%	$10k	-	11 Month IRA Special
3.50%	$10k	$250k	23 Month IRA Special
0.30%	$1k	-	72 Month IRA
0.26%	$1k	-	60 Month IRA
0.23%	$1k	-	54 Month IRA
0.21%	$1k	-	48 Month IRA
0.20%	$1k	-	37 Month IRA
0.18%	$1k	-	30 Month IRA
0.16%	$1k	-	24 Month IRA
0.11%	$1k	-	12 Month IRA

Locations

Cities: Bergenfield, Closter, Cresskill, Englewood, Hillsdale, Leonia, New Milford, Teaneck, Tenafly

Bergenfield Branches
Bergenfield Branch	135 N. Washington Avenue	Bergenfield, NJ 07621

Closter Branches
Closter Branch	175 Homans Avenue	Closter, NJ 07624

Cresskill Branches
Cresskill Branch	189 County Road	Cresskill, NJ 07626

Englewood Branches
Nve Bank	70-76 Engle Street	Englewood, NJ 07631

Hillsdale Branches
Hillsdale Branch	159 Broadway	Hillsdale, NJ 07642

Leonia Branches
Leonia Branch	310 Broad Avenue	Leonia, NJ 07605

New Milford Branches
New Milford Branch	400 River Road	New Milford, NJ 07646

Teaneck Branches
Teaneck Branch	1505 Teaneck Road	Teaneck, NJ 07666
Palisade Avenue Branch	740 Palisade Avenue	Teaneck, NJ 07666

Tenafly Branches
Tenafly Branch	80 County Road	Tenafly, NJ 07670

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