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
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 07/06/2021 and are subject to change without notice. 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.

Rates may change after account is open.
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.

† 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. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. 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. Other fees may apply. Limit one account per tax ID.

* These accounts are available to both consumers and businesses.


 

Certificate of Deposit

AccountOpening BalanceInterest RateAPYEarly Withdrawal Penalty
3 Month CD $1,000 0.05% 0.05% 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 3.92% 4.00% 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 4.165% 4.25% 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 11 Month CD Special* $10,000 3.92% 4.00% 3 Months Interest
IRA 12 Month CD $1,000 0.07% 0.07% 3 Months Interest
IRA 23 Month CD Special** $10,000 4.165% 4.25% 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 10/31/2022 and are subject to change without notice. Open balance represents the minimum to open account and minimum balance required to ear 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 10/31/2022, 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 $250,000. Minimum balance of $10,000 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 10/31/2022, 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 $250,000. Minimum balance of $10,000 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.