Savings Accounts

Savings solutions for tomorrow's goals. 

 

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Compare Our Savings Accounts

NVE Bank only opens personal accounts for persons who reside or work in New Jersey.

AccountsStatement SavingsUniversal Club SavingsSuper SaverLiquid Asset Money MarketPremier Money MarketPlatinum Money Market

Which is Right for You?

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 Start a savings plan and earn interest

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Saving for a special occasion

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Higher variable rate of interest 

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Money market savings account with a check writing feature

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Maximize your return while maintaining a high level of liquidity

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Achieving the highest rate of interest on your deposit

Earns Interest?

Yes

Yes

Yes

Yes 

Yes 

Yes

Minimum Opening Deposit

$10

$10 

$2,500

$15,000 

$25,000 

$25,000

Minimum Balance Requirement

$300 

$5

$100 

$15,000

None

$25,000

Monthly Service Charge

$5.00 monthly service charge if $300 minimum balance is not maintained 

None 

$2.50 monthly service charge in the event that a minimum balance of $100 is not maintained at any time during the month

None 

None 

$25.00 monthly maintenance charge will be assessed if the minimum daily balance falls below $25,000 on any day during the month

Checks

N/A 

N/A 

N/A 

Check Writing 

Check Writing 

Check Writing

Statement Savings

NVE Statement Savings is perfect for customers who want to start a savings plan and earn interest, but also want the flexibility of managing their savings without a visit to the bank.

  • No monthly service fee when $300 minimum balance is maintained
  • Minimum $10 to open account
  • Interest is compounded daily and credited monthly
  • Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest
  • Transfers are limited as by law*
  • This is a variable interest rate account

Universal Club Savings

Saving for a special occasion? With NVE’s Universal Club Savings Account you’ll make fixed, periodic deposits over a 12-month period. At the end of the 12-month period, your deposits plus interest is credited back to your checking account.

  • No service charges
  • Minimum $10 to open account
  • Automatic Transfers of $5 or more
  • Automatic renewal
  • Interest is compounded daily and credited monthly
  • Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest
  • Transfers are limited as by law*
  • This is a variable interest rate account

Super Saver

For serious savers looking for a higher return on their money, NVE’s Super Saver Account is supercharged to earn you more.

  • Minimum account opening deposits between $2,500 and $250,000
  • $2.50 monthly service charge if a minimum balance of $100 is not maintained at any time during the month
  • Interest is compounded daily and credited monthly
  • Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest
  • Transfers are limited as by law*
  • This is a variable interest rate account

Liquid Asset Money Market

NVE’s Liquid Asset Money Market Savings Account provides maximum return, while maintaining liquidity.

  • Check Writing
  • Monthly Statement with Check Images
  • Minimum $15,000 to open account
  • If the account balance falls below $15,000 the interest rate will revert to NVE Bank's Statement Savings rate in effect at the time
  • Interest is compounded daily and credited monthly
  • Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest
  • Transfers are limited as by law*
  • This is a variable interest rate account

Premier Money Market

Looking for a high-performance savings vehicle? NVE’s high-yield money market savings account with a check writing feature, is the perfect choice for customers who want to earn more while maintaining a high level of liquidity.

  • Check Writing
  • Monthly Statement with Check Images
  • Minimum $25,000 and the maximum is $250,000 to open account
  • Balances of $1-$24,999.99 will earn a lower APY
  •  Interest is compounded daily and credited monthly
  • Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest
  • Transfers are limited as by law*
  • This is a variable interest rate account

Platinum Money Market

This money market account, with a check writing feature, is for those depositors who looking for highest return on their liquid funds. This tiered money market perfect for that customer maintains larger balances.

  • Check Writing
  • Monthly Statement w/Check Images
  • Minimum $25,000 and the maximum is $250,000 to open account
  • 4 tier balance structure
  • Monthly fee of $3.00 for Paper Statements
  •  Interest is compounded daily and credited monthly
  • Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest
  • Transfers are limited as by law*
  • This is a variable interest rate account

Transfer/Withdrawal Limitations
The depositor is permitted or authorized to make no more than six transfers or withdrawals, or a combination of such transfers and withdrawals, per month to another account (including a transaction account) of the depositor at the same institution or to a third party by means of a pre-authorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by a depositor and payable to a third Party.

These limitations also apply to Online Banking Transfers but do not apply to any transactions conducted at an ATM machine or withdrawals made in person. If you exceed these transaction limitations the bank will notify you and you will be charged an excess transaction fee for each Transaction.
This may impact the operation of your accounts.

 

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