| Account
Type |
** APY |
** Interest Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| NOW Checking |
.15% |
.15% |
$50.00 |
$50.00 |
- Your interest rate and annual percentage yield
(APY) may change at our discretion.
- Interest begins to accrue on the business
day of your deposit.
- Interest is compounded daily and credited
monthly. If you close your account before interest is
credited, you will receive the accrued interest.
- We use the daily balance method to
calculate the interest on your account. This method
applies a daily periodic rate to the principal in the account
each day.
- You will receive a monthly statement on this
account.
|
| Senior and Student
NOW Checking |
.15% |
.15% |
$50.00 |
$50.00 |
- For Student NOW, account applicants under age 18 must have
parent or guardian as co-owner on the account.
- Your interest rate and annual percentage yield
(APY) may change at our discretion.
- Interest begins to accrue on the business
day of your deposit.
- Interest is compounded daily and credited
monthly. If you close your account before interest is
credited, you will receive the accrued interest.
- The daily balance method is used to
calculate the interest on your account.
- You will receive a monthly statement on this
account.
|
|
New Jersey Consumer Checking
|
None |
None |
$50.00 |
- |
- Account must maintain a minimum balance of
$1.00 to remain active.
- 8 free checks per monthly period.
Additional checks written in excess of 8 at $.50 per check.
- Monthly service fee of $3.00.
- Fees may reduce earnings
- You will receive a monthly statement on this
account.
|
Money
Market Accounts
| Account
Type |
**
APY |
**Interest
Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| Tiered Money Market |
.40% |
.40% |
$2,500.00 |
$75,000.00 and above
|
| |
.35% |
.35% |
$2,500.00 |
$50,000.00 to
$74,999.99 |
| |
.25% |
.25% |
$2,500.00 |
$25,000.00 to
$49,999.99 |
| |
.10% |
.10% |
$2,500.00 |
$0.01 to $24,999.99 |
- This is a variable rate account. Your interest
rate and APY may change without notice. Interest is compounded
daily and credited monthly. Interest begins to accrue on the day
of your deposit .The daily balance method is used to calculate
the interest on your account. Interest is paid on the full balance in the
account at the rate that corresponds to that deposit
tier. You will receive a monthly statement on this
account.
- If you close your account before the interest
is credited, you will receive the accrued interest to day of
withdrawal.
- Government regulations allow up to six (6)
pre-authorized transfers per statement cycle by means of a
pre-authorized or automatic transfer, or telephonic agreement,
order or instruction, or by check, draft, debit card or similar
order made by the depositor and payable to third parties.
- If the average daily balance drops below
$500.00, there will be a monthly minimum balance fee of $5.00.
- Fees may reduce earnings.
|
| Account
Type |
**
APY |
**Interest
Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| Super Money Market |
.55% |
.55% |
$75,000.00 |
$125,000.00 and above |
| |
.45% |
.45% |
$75,000.00 |
$100,000.00 to
$124,999.99 |
| |
.35% |
.35% |
$75,000.00 |
$75,000.00 to
$99,999.99 |
| |
.15% |
.15% |
$75,000.00 |
$0.01 to $74,999.99 |
- This is a variable rate account. Your interest
rate and APY may change without notice. Interest is compounded
daily and credited monthly. Interest begins to accrue on the day
of your deposit .The daily balance method is used to calculate
the interest on your account. Interest is paid on the full balance in the
account at the rate that corresponds to that deposit
tier. You will receive a monthly statement on this
account.
- If you close your account before the interest
is credited, you will receive the accrued interest to day of
withdrawal.
- Government regulations allow up to six (6)
pre-authorized transfers per statement cycle by means of a
pre-authorized or automatic transfer, or telephonic agreement,
order or instruction, or by check, draft, debit card or similar
order made by the depositor and payable to third parties.
- If the average daily balance drops below
$500.00, there will be a monthly minimum balance fee of $5.00.
- Fees may reduce earnings.
|
Savings Accounts
| Account
Type |
**APY |
**Interest
Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| Principal Statement
Savings |
.40% |
.40% |
$50.00 |
$75,000 and
above |
| |
.30% |
.30% |
$50.00 |
$50,000.00 to $74,999.99 |
| |
.20% |
.20% |
$50.00 |
$25,000.00 to
$49,999.99 |
| |
.15% |
.15% |
$50.00 |
$50.00 to $24,999.00 |
| |
0.00% |
0.00% |
$50.00 |
$0.00 to $49.99 |
- This is a variable rate account. Your interest
rate and APY may change without notice. Interest is compounded
daily and credited monthly. Interest begins to accrue on the day
of your deposit .The daily balance method is used to calculate
the interest on your account. Interest is paid on the full balance in the
account at the rate that corresponds to that deposit
tier. You will receive a monthly statement on this
account.
- If you close your account before the interest
is credited, you will receive the accrued interest to day of
withdrawal.
|
| Account
Type |
**APY |
**Interest
Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| Statement
Savings |
.30% |
.30% |
$50.00 |
$50.00 |
| Regular Savings |
.30% |
.30% |
$50.00 |
$50.00 |
- Your interest rate and annual percentage yield
(APY) may change at our discretion.
- Interest begins to accrue on the business
day of your deposit.
- With Regular Savings, the interest is compounded daily and credited
monthly. If you close your account before interest is
credited, you will receive the accrued interest.
- We use the daily balance method to
calculate the interest on your account. This method
applies a daily periodic rate to the principal in the account
each day.
Statement Savings Account only.
- Interest is compounded super daily (365/360)
and credited monthly. If you close your account before
interest is credited, you will receive the accrued interest.
- You will receive a monthly statement on this
account.
|
Holiday and Vacation
Club Accounts
| Account
Type |
**APY |
**Interest
Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| Club Accounts |
.40% |
.40% |
$1.00 |
$1.00 |
- Clubs available in any amount from $1.00 and up. These are passbook accounts.
- Your interest rate and annual percentage
yield may change, at our discretion.
- We use the daily balance method to
calculate the interest on your account. This method
applies a daily periodic rate to the principal in the account
each day.
- Interest is credited to the account at
maturity. Early close-out of account forfeits interest.
|
Certificates of
Deposit
| Account
Type |
**APY |
**interest
Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| 48 Mo CD |
1.36% |
1.35% |
$500.00 |
$500.00 |
|
REGULAR CDs |
| Account
Type |
**APY |
**interest
Rate |
Minimum
Deposit to Open Acct |
*Minimum
Balance to Obtain APY |
| 3 Mo CD |
.25% |
.25% |
$500.00 |
$500.00 |
| 6 Mo CD |
.30% |
.30% |
$500.00 |
$500.00 |
| 9 Mo CD |
.35% |
.35% |
$500.00 |
$500.00 |
| 10 Mo CD |
.35% |
.35% |
$500.00 |
$500.00 |
| 12 Mo CD |
.40% |
.40% |
$500.00 |
$500.00 |
| 18 Mo CD |
.60% |
.60% |
$500.00 |
$500.00 |
| 22 Mo CD |
.70% |
.70% |
$500.00 |
$500.00 |
| 30 Mo CD |
.90% |
.90% |
$500.00 |
$500.00 |
| 48 Mo CD |
1.26% |
1.25% |
$500.00 |
$500.00 |
| 60 Mo CD |
1.71% |
1.70% |
$500.00 |
$500.00 |
- The interest rate for your account will be paid
until the maturity date of your certificate.*
- Interest is compounded daily and will be
credited to your account monthly and at maturity.
- Interest begins to accrue on the business
day of your deposit.
- Regular Certificates of Deposit will automatically renew at
maturity. You will have seven (7) calendar days from
the maturity date to withdraw your funds without being
charged a penalty.
- After the account is opened, you may not make
deposits into or withdrawals other than the earnings from this
account until the maturity date. At maturity, interest
becomes part of the principal balance and subject to penalty if
withdrawn after grace period.
- Interest can remain in account for compounding
or be withdrawn by interest check or transferred to another
account on deposit here during the term of the certificate
- We use the daily balance method to calculate
the interest on your account. This method applies a daily
periodic rate to the principal in the account each day. **
- If any of the deposit is withdrawn before the
maturity date, a penalty as shown below will be imposed which
could result in partial loss of principal.
- Special Offer Certificates of Deposit
only:
The offering is for a limited period of time and can be
withdrawn at our discretion. This account will not automatically
renew. At maturity, it will be converted to a like
certificate with a like maturity. You will have seven (7) calendar days from
the maturity date to withdraw your funds without being
charged a penalty.
- Penalty
Term
Early WIthdrawal Penalty
1
year or less
3 months interest
over 1
year
6 months interest
|
* Current rates will be quoted at the time of opening an account.
** Daily
Balance (the amount of principal in the account each
day). Annual percentage yield
assumes
interest remains on deposit.
Withdrawal of interest will reduce earnings.
The above Certificates of Deposit may be used for
your retirement contribution. In addition, ask about our 18
month Variable Rate Certificate offered exclusively for Retirement
Accounts. |
|
Stay Informed
