As a reminder NVE Bank personnel will never call, text, or provide you with a link to click on and ask that you provide them with account access information such as your bank card PIN number, your online banking password, or to verify your security questions and/ or answers. If you receive an unsolicited call or text from someone representing NVE Bank and they are asking you for this type of information, Do Not Provide, and call your local branch office. Many fraud scams use these types of practices to try and gain access to your banking account(s).
NVE Bank only opens personal accounts for persons who reside or work in New Jersey. NVE Bank only opens business accounts for businesses registered in New Jersey, with all owners of the business residing or working in New Jersey.
Early Withdrawal Penalties
CD’s with maturities of one year or less will have a 3-month interest penalty for early withdrawals. CD’s with maturities greater than one year and less than 3 years will have a 6-month interest penalty for early withdrawals. CD’s with maturities greater than 3 years will a have 9-month interest penalty for early withdrawals. Early Withdrawal Penalties may reduce the original principal balance.