High Interest Savings Accounts and CDs at Regal Bank in Northern NJ - Local Only


My last report on Regal Bank was in 2009 when I first reported on this bank's savings account and CDs. The rates have fallen, but they remain very competitive. The best deals for the CDs are the terms of 12 and 18 months. The 1-year CD rate is 1.36% APY and the 18-month CD rate is 1.51% APY. The special statement savings account has a 1.36% APY with a $500 minimum balance. These rates are listed in the bank's rates page as of 5/13/2011.

It appears that a branch visit is required to open an account. Regal Bank branches are located in Livingston, New Jersey which is just west of Newark.

The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 0.26% (excellent) based on December 2010 data. Please refer to our financial overview of Regal Bank for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58574).

Compare Savings Accounts and CD Rates

If you compare Regal Bank's savings account with the best ones available nationwide, only Tennessee Commerce Bank has a higher rate.

For CD rates as of 5/13/2011, you can get 1-year and 18-month rates a little higher at Melrose Credit Union (1.41% APY 1-year CD) and at Alliant Credit Union (1.55% APY 18-month CD). You can also get higher rates if you close an Ally Bank 2.40% 5-year CD after one year (2.00%) or after 18 months (2.13%). This is due to Ally's small early withdrawal penalty (see post).

To search for the best CD rates nationwide and in your state, please refer to our CD rates table.

Related Pages: Regal Bank, New York, CD rates, savings account

2.38% 18-Month CD at Regal Bank in Northern New Jersey - Local Only
Regal Bank is offering some competitive CD and savings account rates. The most competitive CD rate is 2.38% APY for an 18-month term. There's also a 2.02% APY 12-month CD. Minimum deposit is $500. There's also a competitive statement savings account that pays 1.76% APY on a $500 minimum balance. These rates are listed in the bank's rates page as of 10/21/09.

It appears that a branch visit is required to open an account. Branches are located in Livingston, NJ which is just west of Newark.

It's a fairly new bank that...

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7.00% 7-Month CD at a Maryland Bank - $50K Max (Regal).
Regal Bank and Trust is having a special at its new Hunt Valley branch. It's a 7.00% APY 7-month certificate of deposit. The minimum is $1K and the maximum allowed deposit is $50K. This special isn't listed at the bank's website. A reader mentioned it, and I called the bank for the details. You have to visit the Hunt Valley branch for this special. No checking account is required. The CSR said that this special will last at least through Friday (11/10), but may not be available next week.

The bank's...

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