Effective: 11/30/2023
Certificates of Deposit
| Term | Interest Rate | APY* | Minimum to Open and Obtain APY |
|---|---|---|---|
| 3-Month | 0.49% | 0.50% | $1000 |
| 6-Month | 0.98% | 1.00% | $1000 |
| 9-Month Welcome CD** | 4.88% | 5.06% | $1000 |
| 12-Month | 2.92% | 3.00% | $500 |
| 15-Month | 4.81% | 5.00% | $500 |
| 18-Month | 1.95% | 2.00% | $500 |
| 24-Month | 2.19% | 2.25% | $500 |
| 36-Month | 0.98% | 1.00% | $500 |
| 48-Month | 0.98% | 1.00% | $500 |
| 60-Month | 0.98% | 1.00% | $500 |
*APY = Annual Percentage Yield. Penalty may be applied for early withdrawal.
** Oradell Branch Only New money only!
Certificate terms for 6 months and above are available for IRA accounts.
**For IRAs consult your tax advisor.
Product Available: 11/4/2023
3-Tier Welcome: Money Market Checking and Tiered Statement Savings
For new Oradell Branch customers and new money only.
| Checking and Savings Accounts | Tier | Interest Rate | APY* | Daily Balance |
|---|---|---|---|---|
| Welcome Money Market Checking** | Tier One | 0.98% | 1.00% | $0.01-$74,999.99 |
| Tier Two | 2.68% | 2.75% | $75,000-$249,999.99 | |
| Tier Three | 2.92% | 3.00% | $250,000 and over | |
| Welcome Tiered Statement Savings** | Tier One | 2.44% | 2.50% | $0.01-$49,999.99 |
| Tier Two | 2.68% | 2.75% | $50,000-$249,999.99 | |
| Tier Three | 2.92% | 3.00% | $250,000 and over |
*APY = Annual Percentage Yield. These are variable rate accounts and the rates may change after account opening and at any time. Interest Rate will be paid on the entire account balance. Fees may reduce earnings.
**Welcome Money Market and Statement Savings Accounts are for Oradell customers only and new money only. “New money” is defined as deposits not previously held by Ascendia Bank. Minimum opening balance is $1,000.00 for Tiered Money Market Checking Accounts, and $5.00 for Tiered Statement Savings. The minimum to obtain APY is $.01. If the daily balance on any day of the statement cycle falls below $1,000, a $5.00 maintenance charge will be imposed per month. A dormant account fee of $5.00 per month will be charged after 12 months of inactivity. Minimum opening balance for Tiered Statement Saving Accounts is $5.00.
Effective: 11/30/2023
Centennial Money Market Checking*
| Daily Balance | Interest Rate | APY** |
|---|---|---|
| $0.01 < $75,000 | 0.25% | 0.25% |
| $75,000 < $250,000.00 | 2.00% | 2.05% |
| $250,000 < $1,000,000 | 2.50% | 2.56% |
*New money only.
**APY=Annual Percentage Yield. This is a tiered variable rate account, the rates may change after the account is opened and at any time. The interest rate listed in each tier will be paid on the entire balance in your account. The minimum to open the account is $1,000. The minimum to obtain APY is $.01. If the daily balance on any day of the statement cycle falls below $1,000, a $5.00 maintenance charge will be imposed per month. A dormant account fee of $5.00 per month will be charged after 12 months of inactivity. Fees may reduce earning. “New money” is defined as deposits not previously held by Ascendia Bank.
Effective: 11/30/2023
Money Market Checking and Tiered Statement Savings
| Checking and Savings Accounts | Interest Rate | APY* | Minimum Opening Balance | Minimum to Obtain APY |
|---|---|---|---|---|
| Money Market Checking** | 0.10% | 0.10% | $1000 | $5.00 |
| Tiered Statement Savings | $5.00 | |||
| 0.05% | 0.05% | $0.00 - $999.99 | ||
| 0.05% | 0.05% | $1,000.00 - $24,999.99 | ||
| 0.05% | 0.05% | $25,000.00 - $49,999.99 | ||
| 0.10% | 0.10% | $50,000.00 - $99,999.99 | ||
| 0.10% | 0.10% | $100,000.00 - $149,999.99 | ||
| 0.15% | 0.15% | $150,000.00 and over |
Tiered Statement IRA Savings accounts are also available as the same as the Tiered Statement Savings.
*APY — Annual Percentage Yield. Fees may reduce earnings.
**Money Market Checking – a maintenance charge of $5.00 will be imposed every month if the daily balance on any day of the statement cycle falls below $1,000.00, Minimum check amount $250.00. Money Market Checking and statement savings are variable rate accounts; rates are subject to change at any time at our discretion and may change after account opening. Minimum to open is $5.00.
Amendment to transaction limitations: effective 5/1/20, the Board of Governors of the Federal Reserve System have amended its Regulation D to allow depository institutions to immediately suspend enforcement of the six-per-month transfer limitation from savings deposits. Until further notice, your Money Market account will not be subject to these transaction limitations per month or statement cycle.
