A New Jersey bank and its sister branch have several CD rates worth checking out.
Northern State Bank in Closter is offering:
- 1.75% APY for 24-month CDs
- 2.20% for 36-month CDs
Its sister branch, First Commerce Bank in Lakewood, is offering those deals but is also paying 2.20% APY for 30-month CDs.
All CDs require a $500 minimum deposit.
The 24-month CD rate matches the top nationally available rate for that term, but with a minimum deposit that is $9,500 less.
The 30- and 36-month CD rates are 3 basis points higher than the best 36-month CD rate and also require a lower minimum deposit. (Check out our latest CD Rates Leaderboard.)
You don’t need to live in New Jersey to purchase these certificates of deposit, but you do have to a visit a branch in person.
Northern State Bank is located at 530 Piermont Road in Closter and can be reached at 201-767-9995. First Commerce bank, which recently opened at 105 River Ave. in Lakewood, can be reached at 732-364-0032.
See how these returns compare with the best CD rates from scores of banks in our extensive database.