Effective: 07/26/2024
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 | 4.35% | 4.50% | $1000 |
| 12-Month | 4.44% | 4.60% | $500 |
| 15-Month | 4.58% | 4.75% | $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.
Certificate terms for 6 months and above are available for IRA accounts.
**For IRAs consult your tax advisor.
Effective: 07/19/2024
New Heights Money Market Checking and Welcome Tiered Statement Savings Account
New money only.
| Checking and Savings Accounts | Tier | Interest Rate | APY* | Daily Balance |
|---|---|---|---|---|
| New Heights Money Market Checking** | Tier One | 0.98% | 1.00% | $0.01-$49,999.99 |
| Tier Two | 4.11% | 4.25% | $50,000.00 and over | |
| Welcome Tiered Statement Savings*** | Tier One | 2.44% | 2.50% | $0.01-$49,999.99 |
| Tier Two | 2.68% | 2.75% | $50,000.00-$249,999.99 | |
| Tier Three | 2.92% | 3.00% | $250,000 and over |
Visit your local branch to open an account.
New Heights Money Market Accounts and Welcome Tiered Statement Savings Accounts are new money only. “New money” is defined as deposits not previously held by Ascendia Bank.
*APY = Annual Percentage Yield. These are variable tiered rate accounts. Rates may change after account opening and at any time. Interest rate will be paid on the entire account balance. Fees may reduce earnings. Rates effective as of 07/12/24.
**Minimum opening balance 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.
***Minimum opening balance is $5.00. The minimum to obtain APY is $.01. Oradell customers only.
Effective: 07/26/2024
Centennial Money Market Checking*
| Daily Balance | Interest Rate | APY** |
|---|---|---|
| $0.01 - $74,999.99 | 0.25% | 0.25% |
| $75,000 - $249,999.99 | 2.00% | 2.05% |
| $250,000 and above | 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: 07/26/2024
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.
