Checking Accounts
| Account | Balance | Annual Percentage Yield | Minimum to Open Account | Minimum 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
| Accounts | Balance | Annual Percentage Yield | Minimum to Open Account | Minimum 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 |
| 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†† | $0.01 to $14,999.99 | 0.10% | $50,000 | None |
no | $15,000 to $24,999.99 | 0.50% | $50,000 | None |
no | $25,000 to $49,999.99 | 1.00% | $50,000 | None |
no | $50,000 to $250,000 | 2.50% | $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 |
| NVE Premier Money Market Savings | Less than $25,000 | 0.15% | $25,000 | None |
no | $25,000 and over | 0.45% | $25,000 | None |
| Platinum Money Market Savings††† | $50,000 and Less | 0.26% | $25,000 | $25,000 |
no | $50,000.01 To $99,999.99 | 0.45% | $25,000 | $25,000 |
no | $100,000 To $250,000 | 0.95% | $25,000 | $25,000 |
no | Above $250,000 | 1.44% | $25,000 | $25,000 |
Annual Percentage Yields (APY) are effective as of 7/8/2025 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.
† 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 11/21/2024. 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 3.45% 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
| Account | Opening Balance | Interest Rate | APY | Early Withdrawal Penalty |
|---|---|---|---|---|
| 3 Month CD* | $1,000 | 0.55% | 0.55% | 3 Months Interest |
| 4 Month CD Special** Limited Time Offer | $500 | 3.92% | 4.00% | 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 |
| 12 Month CD | $1,000 | 0.11% | 0.11% | 3 Months Interest |
| 18 Month CD | $1,000 | 0.13% | 0.13% | 6 Months Interest |
| 24 Month CD | $1,000 | 0.16% | 0.16% | 6 Months Interest |
| 36 Month CD ^ | $10,000 | 0.70% | 0.70% | 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
| Account | Opening Balance | Interest Rate | APY | Early Withdrawal Penalty |
|---|---|---|---|---|
| Retirement Savings | $10 | 0.07% | 0.07% | None |
| IRA 12 Month CD | $1,000 | 0.11% | 0.11% | 3 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 3/18/2025 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 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 6/23/2025, 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 3-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. $500 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 1/24/2025, and subject to change without notice. Penalty for early withdrawal will be nine (9) months worth of interest. At the end of the 36-month Special CD term, the CD will rollover to a 36-month term. Limited time offer. Other terms and rates available. Fees could reduce earnings on the account. Account requires new funds only, which are not currently on deposit with NVE Bank. $10,000 minimum is required to open this CD. $10,000.00 minimum deposit does not apply to existing 36 Month CD accounts that are renewing. 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.
