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Rates

>Rates
Rates2019-11-26T15:08:09+00:00

Today’s Rates | 

Saving Rates & Terms

Type of AccountMinimum Opening BalanceInterest RateAnnual Percentage YieldBalance Required to Obtain APY
Statement Savings $1000.20%0.20%$100
Holiday Club$1Bonus Payment on Completed ClubsN/AN/A
Vacation Club$1Bonus Payment on Completed ClubsN/AN/A
Money Market $1000.10% 0.10% $100 thru $2,499.99
0.20%0.20%$2,500 plus
Premier Money Market $2,5000.49%0.50%$10,000 thru $24,999.99
0.98%1.00%$25,000 thru $49,999.99
1.23%1.25% $50,000 plus
Variable Rate Accounts Rate may change after account is opened.

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.

Certificates of Deposit Rates and Terms

Type of AccountMinimum Open BalanceInterest RateAnnual Percentage Yield
6 Month$1,0000.98%1.00%
12 Month$1,0001.47%1.50%
18 Month$1,0001.61%1.65%
24 Month$1,0001.61%1.65%
30 Month$1,0001.71%1.75%
36 Month$1,0001.71%1.75%
48 Month$1,0001.81%1.85%
60 Month (maximum $250,000)(1,2)$1,0001.95%2.00%
84 Month (2)$1,0002.19%2.25%

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. Penalties for early withdrawal.

1. Maximum deposit of $250,000 for each Tax ID.

2. Annual Percentage Yield (APY) effective as of 10/30/19. APYs are subject to change without notice and offer may be withdrawn at any time without notice. No public or corporate funds. Penalty for early withdrawal. Fees could reduce earnings. Other rates and terms also available.

See a customer service representative for more details.

IRA Certificates of Deposit Rates and Terms

Type of AccountMinimum Opening BalanceInterest RateAnnual Percentage Yield
12 Month$1,0001.47%1.50%
18 Month (Fixed Rate)$1,0001.61%1.65%
24 Month$1,0001.61%1.65%
30 Month$1,0001.71%1.75%
36 Month$1,0001.71%1.75%
48 Month$1,0001.81%1.85%
60 Month (maximum $250,000) (1,2,3)$1,0001.95%2.00%
84 Month (2,3)$1,0002.19%2.25%

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. Penalties for early withdrawal.

1. Maximum deposit of $250,000 for each Tax ID.

2. For IRA Bump-Up Certificate of Deposit (CD) Accounts, during your term you are permitted to make a one-time request to increase your interest rate at your discretion. Your request to adjust your interest rate is limited to the rate in effect for your IRA Bump-Up CD at the time of your request. A one-time interest rate increase will not extend the original maturity date of your account.

3. Annual Percentage Yield (APY) effective as of 10/30/19. APYs are subject to change without notice and offer may be withdrawn at any time without notice. No public or corporate funds. Penalty for early withdrawal. Fees could reduce earnings. Other rates and terms also available. See a customer service representative for more details.

Checking Rates & Terms

Type of AccountMinimum Opening BalanceInterest RateAnnual Percentage YieldBalance Required to Obtain APY
Premier Interest Checking$1000.10%0.10%$100 thru $2,499.99
0.25%0.25%$2,500 plus
Regular Checking$1.00
Variable Rate AccountRate may change after account is opened.

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.

 

Mortgage Rates & Terms

Type of Loan (3)RateAPRPointsMonthly Payment Per $1,000 Borrowed (3)
Loans $750,000 or Less LTV <90%
30 Year Fixed Rate3.7503.785% (1)0.000%360 payments of $4.64 per $1,000 borrowed at an interest rate of 3.750%
20 Year Fixed Rate3.500%3.548% (1)0.000%360 payments of $5.80 per $1,000 borrowed at an interest rate of 3.500%
15 Year Fixed Rate3.250%3.312% (1)0.000%180 payments of $7.03 per $1,000 borrowed at an interest rate of 3.250%
10 Year Fixed Rate3.000%3.089% (1)0.000% 120 payments of $9.66 per $1,000 borrowed at an interest rate of 3.000%
5/1 30 Year Adjustable Rate (4)3.250%4.082% (1)0.000%See below (4)
7/1 30 Year Adjustable Rate (4)3.375%4.000% (1)0.000%See below (4)
10/1 30 Year Adjustable Rate (4)3.500%3.916% (1)0.000% See Below (4)
Loans $750,001 to $1,000,000 LTV 80%
30 Year Fixed Rate4.875%4.888% (2)0.000% 360 payments of $5.30 per $1,000 borrowed at an interest rate of 4.875%
15 Year Fixed Rate4.125%4.147% (2)0.000% 180 payments of $7.46 per $1,000 borrowed at an interest rate of 4.125%
10 Year Fixed Rate3.875%3.906% (2)0.000%120 payments of $10.07 per $1,000 borrowed at an interest rate of 3.875%
Home Equity Loans and Lines of Credit $250,000 or less (Maximum CLTV 75%) (5)
20 Year Fixed Home Equity 4.250%4.250%0.000%240 monthly payments of $6.19 per $1,000 borrowed at an interest rate of 4.250%
15 Year Fixed Home Equity4.125%4.125%0.000%180 monthly payments of $7.46 per $1,000 borrowed at an interest rate of 4.125%
10 Year Fixed Home Equity 4.000%4.000%0.000% 120 monthly payments of $10.12 per $1,000 borrowed at an interest rate of 4.000%
Home Equity Line of Credit (HELOC) (6)4.250%4.250%
First Time Home Buyer - $449,500 or Less LTV <90%
30 Year Fixed Rate3.375%3.409% (1)0.000% 360 payments of $4.43 per $1,000 borrowed at an interest rate of 3.375%

Mortgage products are available for properties located in select counties of New Jersey only. Visit our Mortgage Center for more information about our mortgage products.

1 The APR (Annual Percentage Rate) is based on a mortgage amount of $250,000.

2 The APR (Annual Percentage Rate) is based on a mortgage amount of $800,000.

3 For All Loans:

  • APR=Annual Percentage Rate
  • LTV=Loan-to-Value
  • MONTHLY PAYMENT AMOUNTS STATED ABOVE CONSIST OF PRINCIPAL & INTEREST AMOUNTS ONLY AND DO NOT INCLUDE PROPERTY TAXES, HAZARD INSURANCE, AND/OR FLOOD INSURANCE PREMIUMS (IF APPLICABLE). YOUR ACTUAL PAYMENT OBLIGATION WILL BE GREATER.
  • To see what your monthly principal and interest payment would be, divide your mortgage amount by $1,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a 30 Year Fixed Rate mortgage amount of $250,000 would be: $250,000 ÷ $1,000 = 250; 250 x $4.92 = $1,230.00 principal and interest payment per month.)
  • Available to individuals residing in the New Jersey Counties of Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union and Warren.

4 For Adjustable Rate Loans:

  • THE INTEREST RATE AND APR MAY BE INCREASED AFTER CONSUMMATION.
  • On a 5/1 30 Year Adjustable Rate, the interest rate will not change for the first 60 months of the loan. After the first 60 months, the interest rate can change yearly.
    • 60 payments of $4.35 per $1,000 borrowed at an interest rate of 3.250%
    • 300 payments of $4.96 per $1,000 borrowed at an interest rate of 4.500%
  • On a 7/1 30 Year Adjustable Rate, the interest rate will not change for the first 84 months of the loan. After the first 84 months, the interest rate can change yearly.
    • 84 payments of $4.42 per $1,000 borrowed at an interest rate of 3.375%
    • 276 payments of $4.94 per $1,000 borrowed at an interest rate of 4.500%
  • On a 10/1 30 Year Adjustable Rate, the interest rate will not change for the first 120 months of the loan. After the first 120 months, the interest rate can change yearly.
    • 120 payments of $4.49 per $1,000 borrowed at an interest rate of 3.500%
    • 240 payments of $4.90 per $1,000 borrowed at an interest rate of 4.500%
  • The interest rate cannot increase or decrease more than 2 percentage points per year.
  • The initial interest rate cannot increase or decrease more than 6 percentage points over the term of the loan.
  • The interest rate cannot be less than 3 percent over the term of the loan.

5 For Home Equity Loans
$150 nonrefundable application fee. Maximum combined loan-to-value 75%.

    • 10-Year Fixed-Rate Home Equity Loan has a 4.000% APR with 120 monthly payments of $10.12 per thousand. 
    • 15-Year Fixed-Rate Home Equity Loan has a 4.125% APR with 180 monthly payments of $7.46 per thousand.
    • 20-Year Fixed-Rate Home Equity Loan has a 4.250% APR with 240 monthly payments of $6.19 per thousand. 

Payments do not include taxes, homeowners insurance, or flood insurance premiums, if applicable, and the actual payment obligations will be greater. APR (Annual Percentage Rate) effective as of 10/30/2019. Rates, terms, and fees are subject to change without notice. All loans are subject to credit approval.

6 For Home Equity Line of Credit (HELOC)
The APR (Annual Percentage Rate) may vary. Non-refundable application fee $150. Rate is Prime Rate minus 0.500%. As of 10/30/2019 the Prime Rate was 4.750% resulting in a rate of 4.250%. There is a Maximum Rate of 16.000% and a Floor Rate of 4.000%. Property Insurance is required. Flood Insurance may be required. Rates, terms, and fees are subject to change without notice. All loans are subject to credit approval.

7 First Time Home Buyer
The program is limited to the purchase of properties located in Roselle Bank’s designated Community Reinvestment Act (CRA) Assessment Areas which include certain local communities in Union, Somerset, Morris and Hunterdon Counties. A list of the qualifying communities is available upon request.

Roselle Bank - Fee Schedule

Money Market Account

The monthly service fee if the daily balance drops below $1,000 any day during the monthly statement cycle is $5.00. There is no monthly service charge regardless of balance for depositors 55 years of age or older.

Statement Savings Account

There is no monthly service charge.

Other Account Fees

Fee
Account Close Within 6 Months of Opening$10.00
Account Certification Letter$15.00
Account Research/Reconciliation (Per Hour/ One Hour Minimum)$25.00
Automatic Transfer to cover overdraft $3.00
Bank Check$7.00
Copy of Paid Check or Money Order$5.00
Copy of Statement (Per Page) $5.00
Dormant Account (Per Month, after 3 years of inactivity) $5.00
Expedited Debit Card Delivery$75.00
Inactivity Fee (Per Month, after 12 months of inactivity)$5.00
Insufficient/ Uncollected Funds$30.00
Levy and Lien Processing$75.00
Lost Passbook Replacement $5.00
Money Orders (Per Order)$3.00
Notary ServicesNo Fee
Redeposit Return Item (Per Item)$5.00
Replacement Debit Card $5.00
Returned Item $12.00
Safe Deposit Box Key Replacement (Per Key)$25.00
Snapshot Statement$3.00
Stop Payment$20.00
Wire Transfer - Domestic, Outgoing$20.00
Wire Transfer - Domestic, Incoming$15.00
Checking Printing Fees Vary By Style of Checks Ordered
Safe Deposit Box DrillingAt Box Renter's Expense

Online Services

Person-to-Person (Popmoney) Fees

Fees
Send Money $1.00 - $999.99 - 3 Day$1.00
Send Money $1,000.00 & above - 3 Day$2.00
Send Money $1.00 - $999.99 - Next Day$1.50
Send Money $1,000.00 & above - Next Day$3.00
Request Money $1.00 - $999.99 - 3 Day$1.00
Request Money $1,000.00 & above - 3 Day$2.00
Popmoney Stop Payments$10.00
Popmoney E-Greetings$0.25

Account to Account (A2A) Fees

Fee
Outbound Transfer$2.00
Internal/Inbound TransferN/C

Bill Payment

Fee
Overnight Check (ONC)$15.00
Same-Day Bill Pay (SDBP)$10.00