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Schuyler Savings Bank


Overview / Commentary
www.schuylersavings.com
201-991-0001
24 Davis Ave
Kearny, NJ 07032

Schuyler Savings Bank is headquartered in Kearny and is the 63rd largest bank in the state of New Jersey. It is also the 3,727th largest bank in the nation. It was established in 1924 and as of December of 2019, it had grown to 17 employees at 2 locations. Schuyler Savings Bank has an A health rating.

Related Posts

3.15% APY Guaranteed For 6 Months, Totally Free Checking. - 4/23/2020

UPDATE - I just called the Schuyler Savings to find out how I could open a Totally Free Checking account, and was told "Sorry, that product is no longer available," even though it's listed on their website.  Sorry, everyone. Totally Free Checking offers an introductory rate of 3.15% APY guaranteed for 6 Months on balances up to $10,000; 0.10% on balances over $10,000. This is NOT a rewards checking account and offers the following: FREE for everyone Competitive interest rate NO maintenance charges NO minimum balance required FREE ATM/Debit Card FREE Online Banking FREE Mobile Banking FREE Bill Pay Direct Deposit

Totally Free Checking, 3.15% APY - 7/22/2019

Totally Free Checking offers an introductory rate of 3.15% APY guaranteed for 6 Months on balances up to $10,000; 0.10% on balances over $10,000. This is not a rewards checking account - there are no requirements to meet. Schuyler Savings Bank's three other checking accounts each earn 0.10% APY, so I think the 3.15% APY may plummet after the first 6 months. Maintaining a $10,000 balance for six months will earn about $157. It's almost like a new account bonus, or a 6-month CD with a low balance cap.

Reviews (1)

Friendly Staff, Excellent Rates, True Community Bank

Posted by: |

Schuyler Savings Bank is a true community bank. Its staff is very friendly, the service is excellent and their rates are always good. My family has banked there for years. They take pride in their community and their President and their Chief Financial Officer, who have been at the bank for a long time, are always just a phone call away. I highly recommend this bank for their rates, their people, and their service. It's a reminder of the old Cheers TV show, a place where everyone knows your name.

1


Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #30072
Year Established1924
Employees17
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD1.73%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$120.2MM$120.2MM
LoansQ4 2019vs Q4 2018$84.5MM$79.2MM
DepositsQ4 2019vs Q4 2018$93.4MM$95.8MM
Equity CapitalQ4 2019vs Q4 2018$19.6MM$19.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$846.00K$836.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$382.00K$1.1MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
  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.

3.15% APY Guaranteed For 6 Months, Totally Free Checking.

  |  
UPDATE - I just called the Schuyler Savings to find out how I could open a Totally Free Checking account, and was told "Sorry, that product is no longer available," even though it's listed on their website.  Sorry, everyone.

Totally Free Checking offers an introductory rate of 3.15% APY guaranteed for 6 Months on balances up to $10,000; 0.10% on balances over $10,000.

This is NOT a rewards checking account and offers the following:


FREE for everyone
Competitive interest rate
NO maintenance charges
NO minimum balance required
FREE ATM/Debit Card
FREE Online Banking
FREE Mobile Banking
FREE Bill Pay
Direct Deposit
6

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

Schuyler Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1-Kid Savers Account
0.10%$50-Passbook Savings Account
0.10%$50-Statement Savings Account w/ATM Card
0.10%--Vacation Club
0.10%--Holiday Club

Schuyler Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Premimum Tiered Money Market Account
OTHER TIERS: 0.15% → $10k - $50k
0.10%$1k-Money Market Passbook

Schuyler Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.15%*-$10kTotally Free Checking - 6 Month Intro rate
OTHER TIERS: 0.10% → $10k+
0.10%$1-Senior Checking
0.10%$100-NOW Checking
0.10%$100-Small Business Checking
0.10%--Community Checking

Schuyler Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-36 Month Flexible CD
1.00%$1k-48 Month CD
0.85%$1k-60 Month CD
0.80%$1k-36 Month CD
0.70%$1k-30 Month CD
0.65%$1k-24 Month CD
0.50%$1k-18 Month Flexible CD
0.40%$1k-18 Month CD
0.30%$1k-6 Month CD
0.30%$1k-7 Month CD
0.28%$1k-5 Month CD
0.25%$1k-91 Day CD
0.25%$1k-99 Day CD
0.20%$1k-12 Month CD
0.20%$1k-13 Month CD

Schuyler Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-36 Month Flexible IRA
1.00%$1k-48 Month IRA
0.85%$1k-60 Month IRA
0.80%$1k-36 Month IRA
0.70%$1k-30 Month IRA
0.65%$1k-24 Month IRA
0.50%$1k-18 Month Flexible IRA
0.50%$1k-18 Month Variable IRA
0.40%$1k-18 Month IRA
0.30%$1k-6 Month IRA
0.30%$1k-7 Month IRA
0.28%$1k-5 Month IRA
0.25%$1k-91 Day IRA
0.25%$1k-99 Day IRA
0.20%$1k-12 Month IRA
0.20%$1k-13 Month IRA
Locations


Schuyler Savings Bank Locations
Schuyler Savings Bank24 Davis AveKearny, NJ 07032
Harrison Branch201 Frank E. Rodgers Blvd NHarrison, NJ 07029

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