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 |
| Head Start Savings** | $5,000 and less | 2.00% | $500 | None |
no | Above $5,000 | 0.07 | ||
| 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 |
| 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 03/10/2023 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.
†† 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 | 2.47% | 2.50% | 3 Months Interest |
| 5 Month CD Special** | $1,000 | 4.16% | 4.25% | 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 |
| 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 |
| 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
| Account | Opening Balance | Interest Rate | APY | Early Withdrawal Penalty |
|---|---|---|---|---|
| Retirement Savings | $10 | 0.07% | 0.07% | None |
| 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 †† | $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% | 0.188% | 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 3/20/2023 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 3/20/2023, 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 03/20/2023, and subject to change without notice. Penalty for early withdrawal will be three (3) months worth of interest. At the end of the 5-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 $100,000 per tax ID. Minimum balance of $1,000 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. 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 03/20/2023, 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 3/20/2023, 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.
