Checking Accounts

AccountBalanceAnnual Percentage YieldMinimum to Open AccountMinimum Daily Balance to Avoid Monthly Maintenance Fee
NOW Less than $10.00 0.00% $500 $1,000

no

$10.00 and over 0.05% $500 $1,000
Super NOW Less than $2,500 0.05% $2,500  $2,500 

no

$2,500 and over 0.08% $2,500  $2,500 

 


 

Saving Accounts

AccountsBalanceAnnual Percentage YieldMinimum to Open AccountMinimum Daily Balance to Avoid Monthly Maintenance Fee
Statement Savings* Less than $10.00 0.00% $10 $300

no

$10.00 and over 0.07% $10 $300
Head Start Savings** $5,000 and less 2.00% $500 None

no

Above $5,000 0.07% $500 None
Passbook Savings  (No Longer Offered) Less than $10.00 0.00% None None

no

$10.00 and over 0.05% None None
Retirement Savings Less than $10.00 0.00% $10 None

no

$10.00 and over 0.07% $10 None
Universal Savings Club Less than $10.00 0.00% $10 None

no

$10.00 and over 0.07% $10 None
Super Saver Account Less than $2,500 0.07% $2,500 $100 

no

$2,500 and over  0.10% $2,500 $100 
Advantage Savings† $250,000 and under 0.21% $35,000 $35,000

no

Over $250,000 0.21% to 0.15% $35,000 $35,000
Savings Plus†† $50,000 to $250,000 5.00% $50,000 None

no

$25,000 to $49,999.99 2.00% $50,000 None

no

$15,000 to $24,999.99 1.00% $50,000 None

no

$.01 to $14,999.99 0.10% $50,000 None

no

Above $250,000 0.10% $50,000 None
Liquid Asset Money Market Savings* Less than $15,000 0.07% $15,000  None

no

$15,000 and over 0.10% $15,000  None
Premier Money Market Savings Less than $25,000 0.10% $25,000  None

no

$25,000 and over  0.15% $25,000  None
Platinum Money Market Savings††† $50,000 and Less 0.18% $25,000  $25,000 

no

$50,000.01 To $99,999.99 0.18% to 0.10% $25,000  $25,000 

no

$100,000 To $250,000 0.10% to 0.06% $25,000  $25,000 

no

Above $250,000 0.06% to 0.03% $25,000  $25,000 


Annual Percentage Yields (APY) are effective as of 2/8/2024 and are subject to change without notice. Minimum amount to open account is required to be maintained to earn the stated APY. Rates may change after account is opened. Interest is compounded daily and paid monthly. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Fees could reduce earnings on any of the accounts. Additional restrictions may apply.

**Annual Percentage Yield (APY) is effective 3/10/23, and subject to change without notice. Limited time offer. To qualify for the stated rate, a new Head Start Savings account must be opened with a minimum initial deposit of $500, with a maximum of $250,000. This offer is not available to existing signers on any NVE consumer savings account or individuals who have been signers on any NVE consumer savings account within the previous (6) months of the account opening. A minimum daily balance of $500 must be maintained in the savings account and the savings account must receive a monthly qualifying direct deposit or recurring ACH deposit into the account of at least $50 monthly. Qualifying direct deposits include your paycheck, pension, and/or government benefits such as Social Security and qualifying ACH deposits include but not limited to direct transfers and online transfers. The portion of account balances between $.01- $5,000 will earn the stated APY of 2.00% when a minimum daily balance of at least $500 is maintained and the account receives the required monthly direct deposit or ACH deposit of at least $50 per month. The portion of account balances above $5,000 will earn an APY of .07%. If the minimum daily balance and direct deposit requirements are not met in a given month, the interest rate applied to all balances in the account for that month will be .05%. Fees could reduce earnings on the account. Account limited to a maximum of $250,000 per tax id. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only who reside or work in New Jersey. Unless otherwise specified, all advertised offers, terms and conditions of accounts, and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions, and terms, which are subject to change at any time in accordance with applicable laws and agreements. Other terms and rates apply. For additional information and disclosures on the account, please consult with one of our representatives at your local NVE branch.

† Minimum to open is $35,000.00 new money, not already on deposit with NVE Bank, with a maximum of $250,000.00. Annual Percentage Yield (APY) shown for this tiered account with variable interest rate is effective as of 07/06/2021. The rate is subject to change at any time without notice at the sole discretion of NVE Bank. For any portion of balances that exceed the maximum eligible balance of $250,000.00, the APY will be .15%. A $35.00 monthly fee applies to accounts with an average daily balance below $35,000.00, fees could reduce the earnings on the account. Personal accounts only. Other fees may apply. Limit one account per tax ID.

†† The Annual Percentage Yield (APY) shown for this tiered account with variable interest rate is effective as of 2/8/2024. The rate is subject to change at any time without notice at the sole discretion of NVE Bank. The minimum to open a Savings Plus account is $50,000 new money, not already on deposit with NVE Bank, with a maximum of $250,000. Savings Plus account balances of $50,000 or greater earn 5.00% APY when the daily minimum balance of $50,000 is maintained. Daily minimum balances in the Savings Plus account of $25,000-49,999.99 earn 2.00% APY, $15,000-$24,999.99 1.00% APY, $0.01-$14.999.99 earn 0.10% APY. Any portion of balances that exceed $250,000 earn 0.10% APY. Fees could reduce the earnings on the account. Personal accounts only. Other fees may apply. Limit one account per tax ID.

††† A $25 monthly maintenance fee will be assessed if the minimum daily balance falls below $25,000 on any day during the month. This account does not produce paper statements. NVE Bank online banking and acceptance of eStatements are required. Rates are not tied to any index and are set by the sole discretion of bank management. Personal accounts only. Other fees may apply. Limit one account per tax ID.

* These accounts are available to both consumer and businesses.

 

Certificate of Deposit

AccountOpening BalanceInterest RateAPYEarly Withdrawal Penalty
45 Day CD Special<>
Limited Time Offer
$20,000 5.02% 5.15% 1 Month Interest
3 Month CD* $1,000 2.47% 2.50% 3 Months Interest
4 Month CD Special**
Limited Time Offer
$10,000 5.12% 5.25% 3 Months Interest
6 Month CD $1,000 0.07% 0.07% 3 Months Interest
9 Month CD $1,000 0.09% 0.09% 3 Months Interest
10 Month CD Special***
Limited Time Offer
$10,000 4.64% 4.75% 3 Months Interest
11 Month CD Special † $10,000 3.68% 3.75% 3 Months Interest
12 Month CD $1,000 0.11% 0.11% 3 Months Interest
13 Month CD Special ††
Limited Time Offer
$10,000 4.50% 4.60% 3 Months Interest
18 Month CD  $1,000 0.13% 0.13% 6 Months Interest
23 Month CD Special ††† $10,000 3.44% 3.50% 6 Month Interest
24 Month CD $1,000 0.16% 0.16% 6 Months Interest
36 Month CD $1,000 0.19% 0.19% 9 Months Interest
42 Month CD  $1,000 0.20% 0.20% 9 Months Interest
48 Month CD $1,000 0.21% 0.21% 9 Months Interest
60 Month CD $1,000 0.26% 0.26% 9 Months Interest
72 Month CD $1,000 0.30% 0.30% 9 Months Interest

 


 

IRAs and Education Savings Accounts

AccountOpening BalanceInterest RateAPYEarly Withdrawal Penalty
Retirement Savings $10 0.07% 0.07% None
IRA 10 Month CD Special***
Limited Time Offer
$10,000 4.64% 4.75% 3 Months Interest
IRA 11 Month CD Special † $10,000 3.68% 3.75% 3 Months Interest
IRA 12 Month CD $1,000 0.11% 0.11% 3 Months Interest
IRA 23 Month CD Special †††
Limited Time Offer
$10,000 3.44% 3.50% 6 Months Interest
IRA 24 Month CD $1,000 0.16% 0.16% 6 Months Interest
IRA 30 Month CD $1,000 0.18% 0.18% 6 Months Interest
IRA 37 Month CD $1,000 0.20% 0.20% 9 Months Interest
IRA 48 Month CD $1,000 0.21% 0.21% 9 Months Interest
IRA 54 Month CD $1,000 0.23% 0.23% 9 Months Interest
IRA 60 Month CD $1,000 0.26% 0.26% 9 Months Interest
IRA 72 Month CD $1,000 0.30% 0.30% 9 Months Interest

 

Annual Percentage Yields (APY) are effective 2/8/2024 and are subject to change without notice. Opening balance represents the minimum to open account and minimum balance required to earn stated APY. A penalty is imposed for early withdrawal. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Additional restrictions may apply. Fees could reduce earnings on the account. Individual Retirement Accounts may have additional requirements.

<>Annual Percentage Yield (APY) is effective as of 2/8/2024, and subject to change without notice. Penalty for early withdrawal will be one (1) month worth of interest. At the end of the 45-day Special CD term, the CD will rollover to a 45-day term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. Minimum of $20,000 is required to open this CD, with a maximum of $500,000. Minimum balance of $20,000 must be maintained to earn the stated APY. Account must be opened with funds not currently on deposit with NVE Bank, limited to one account per tax ID. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only. Available only to persons who reside or work in New Jersey.

*Annual Percentage Yield (APY) is effective as of 9/20/2023, and subject to change without notice. Penalty for early withdrawal will be three (3) months worth of interest. At the end of the 3-month Special CD term, the CD will rollover to a 3-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. $1,000 minimum is required to open this CD, with a maximum of $250,000 per tax ID. Minimum balance of $1,000 must be maintained to earn the stated APY. Limited to a maximum of $250,000 per tax ID. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only. Available only to persons who reside or work in New Jersey.

**Annual Percentage Yield (APY) is effective as of 2/8/2024, and subject to change without notice. Penalty for early withdrawal will be three (3) months worth of interest. At the end of the 4-month Special CD term, the CD will rollover to a 4-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. $10,000 minimum is required to open this CD. Minimum balance of $10,000 must be maintained to earn the stated APY with a maximum of $100,000 per CD account. Limited to a maximum of $100,000 per tax ID. Account must be opened with funds not currently on deposit with NVE Bank. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only. Available only to persons who reside or work in New Jersey.

***Annual Percentage Yield (APY) is effective as of 2/8/2024, and subject to change without notice. Penalty for early withdrawal will be three (3) months worth of interest. At the end of the 10-month Special CD term, the CD will rollover to a 10-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. $10,000 minimum is required to open this CD. Minimum balance of $10,000 must be maintained to earn the stated APY with a maximum of $250,000 per CD account. Limited to a maximum of $250,000 per tax ID. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only. Available only to persons who reside or work in New Jersey.

† Annual Percentage Yield (APY) is effective as of 9/20/2023, and subject to change without notice. Penalty for early withdrawal will be three (3) months worth of interest. At the end of the 11-month Special CD term, the CD will rollover to an 11-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. Minimum of $10,000 is required to open this CD, with a maximum of $100,000 per tax id. Minimum balance of $10,000 must be maintained to earn the stated APY. Limited to a maximum of $100,000 per tax ID. Account must be opened with funds not currently on deposit with NVE Bank, limited to one account per tax ID. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only. Available only to persons who reside or work in New Jersey.

†† Annual Percentage Yield (APY) is effective as of 2/8/2024, and subject to change without notice. Penalty for early withdrawal will be three (3) months worth of interest. At the end of the 13-month Special CD term, the CD will rollover to an 13-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. Minimum of $10,000 is required to open this CD, with a maximum of $250,000 per tax id. Minimum balance of $10,000 must be maintained to earn the stated APY. Limited to a maximum of $250,000 per tax ID. Limited to one account per tax ID. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only. Available only to persons who reside or work in New Jersey.

††† Annual Percentage Yield (APY) is effective as of 9/20/2023, and subject to change without notice. Penalty for early withdrawal will be six (6) months worth of interest. At the end of the 23-month Special CD term, the CD will rollover to a 23-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. Minimum of $10,000 is required to open this CD, with a maximum of $100,000. Minimum balance of $10,000 must be maintained to earn the stated APY. Limited to a maximum of $100,000 per tax ID. Limited to one account per tax ID. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to consumers only. Available only to persons who reside or work in New Jersey.