bank rates

Find 5 Top CD Rates At Cross River Bank

This New Jersey bank offers its deals with a $500 minimum deposit.The top CD rates at Cross River Bank in New Jersey have fallen by half a percentage point since we last wrote about this tiny bank in May.

Still, it has strong offerings in five terms that beat the best nationally available deals on our CD Rates Leaderboard.

With a $500 minimum deposit, the Teaneck, N.J.-based bank is offering:

  • 1.25% APY on 12-month CDs.
  • 1.75% APY on 18-month CDs.
  • 1.50% APY on 24-month CDs.
  • 2.00% APY on 36-month CDs.
  • 2.25% APY on 48-month CDs.

The 18-month CD is the best deal, beating the 24-month term on our Leaderboard by nearly half a percentage point. The 36-month deal is also particularly good; it beats the top nationally available 36-month CD by more than a third of a percentage point.

The 24-month deal on our Leaderboard pays 1.30% APY, and is offered by three banks: American Express Bank, CIT Bank and Goldwater Bank. Doral Bank Direct offers the top nationally available 36-month CD at 1.65% APY.

You don’t need to be a New Jersey resident to buy these certificates of deposit, but you do need to visit Cross River Bank in person.

Cross River Bank ( has a single office in Teaneck, not far off the New Jersey Turnpike at 885 Teaneck Road, which can be reached by calling 201-808-7000.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on December 19th at 09:59 am

    Alas, Cross River Bank has dropped the 18-month rate to 1.50% APY and the 12-month rate to 1.00%. The other rates are still available.

  2. Kathy at Bankaholic said:
    on January 9th at 09:43 am

    Cross River’s 12-month rate also has slipped, to 1.00% APY. The 24-, 36- and 48-month rates are all still available.